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Uranium Participation : Feb 04, 2021 Uranium Participation Corporation Reports Estimated Net Asset Value at January 31, 2021

02/06/2021 | 12:01pm EDT

TSX Trading symbol: U

TORONTO, Feb. 4, 2021/CNW/ - Uranium Participation Corporation ('UPC') (TSX: U) reports its estimated net asset value at January 31, 2021 was CAD$656.5 millionor CAD$4.87per share. As at January 31, 2021, UPC's uranium investment portfolio consisted of the following: View PDF version

(in thousands of Canadian dollars, except quantity amounts)


Fair Value

Investments in Uranium:

Uranium oxide in concentrates ('U3O8')

16,269,658 lbs



Uranium hexafluoride ('UF6')

300,000 KgU





U3O8 fair value1 per pound:

- In Canadian dollars1



- In United States dollars



UF6 fair value1 per KgU:

- In Canadian dollars1



- In United States dollars




Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the Bank of Canada's month-end daily exchange rate of $1.2780.

On the last trading day of January 2021, the common shares of UPC closed on the TSX at a value of CAD$4.40, which represents a 9.65% discount to the net asset value of CAD$4.87per share.

About Uranium Participation Corporation

Uranium Participation Corporation 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 UPC's website at www.uraniumparticipation.com.

Caution Regarding Forward-Looking Information

This press release contains certain forward-looking statements and forward-looking information that are based on UPC's current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking statements generally can be identified by the use of forward-looking terminology such as 'may', 'will', 'expect', 'intent', 'estimate', 'anticipate', 'plan', 'should', 'believe' or 'continue' or the negative thereof or variations thereon or similar terminology and include statements with respect to UPC's investment objectives and its uranium holdings.

By their very nature, forward-looking statements involve numerous factors, assumptions and estimates. A variety of factors, many of which are beyond the control of UPC, may cause actual results to differ materially from the expectations expressed in the forward-looking statement. These factors include, but are not limited to, changes in commodity prices and foreign exchange. For a description of the principal risks of UPC, see 'Risk Factors' in UPC's Annual Information Formed dated May 27, 2020for the fiscal year ended February 29, 2020, a copy of which is available at www.sedar.com.

These and other factors should be considered carefully, and readers are cautioned not to place undue reliance on these forward-looking statements. Although management reviews the reasonableness of its assumptions and estimates, unusual and unanticipated events may occur which render them inaccurate. Under such circumstances, future performance may differ materially from those expressed or implied by the forward-looking statements. Except where required under applicable securities legislation, UPC does not undertake to update any forward-looking information statement.


SOURCE Uranium Participation Corporation


Uranium Participation Corporation published this content on 04 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2021 17:00:04 UTC.

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Managers and Directors
David D. Cates President & Chief Executive Officer
Gabriel McDonald Chief Financial Officer
Jeff Kennedy Chairman
Garth A. C. MacRae Independent Director
Paul J. Bennett Independent Director