Uranium Participation Corporation Reports Net Asset Value of CAD$4.31 Per Share at August 31, 2016
TORONTO, ONTARIO--(Marketwired - Sep 7, 2016) - Uranium Participation Corp. ("UPC") (TSX:U) reports its estimated net asset value at August 31, 2016 was CAD$498.1 million or CAD$4.31 per share. As at August 31, 2016, UPC's investment portfolio consisted of the following:
| (in thousands of Canadian dollars, except quantity amounts) | Quantity | Fair Value | ||
| Investments in Uranium: | ||||
| Uranium oxide in concentrates ("U3O8") | 9,470,024 lbs | $ | 313,819 | |
| Uranium hexafluoride ("UF6") 1 | 1,903,471 KgU | $ | 180,369 | |
| $ | 494,188 | |||
| U3O8 fair value per pound: | ||||
| - In Canadian dollars 2 | $ | 33.14 | ||
| - In United States dollars | $ | 25.25 | ||
| UF6 fair value1 per KgU: | ||||
| - In Canadian dollars 2 | $ | 94.76 | ||
| - In United States dollars | $ | 72.20 | ||
| 1 | The fair value of UF6 has been reduced by $120,000 to reflect the risk associated with the remaining material held at the USEC Facility. |
| 2 | Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the month-end noon exchange rate of $1.3124. |
On August 31, 2016, the common shares of UPC closed on the TSX at a value of CAD$3.92, which represents a 9.05% discount to the net asset value per share of CAD$4.31.
About Uranium Participation Corporation
Uranium Participation Corp. is a company that invests substantially all of its assets in uranium oxide in concentrates ("U3O8") and uranium hexafluoride ("UF6") (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. UPC provides investors with a unique opportunity to gain exposure to the price of uranium without the resource or project risk associated with investing in a traditional mining company. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corp.'s website at www.uraniumparticipation.com.
Contact
Uranium Participation Corp.
David Cates
President & Chief Executive Officer
(416) 979-1991 Ext. 362
Uranium Participation Corp.
Mac McDonald
Chief Financial Officer
(416) 979-1991 Ext. 242
www.uraniumparticipation.com