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Uranium Participation Corporation Reports Net Asset Value at November 30, 2015

TORONTO, ONTARIO–(Marketwired – Dec. 3, 2015) –

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Uranium Participation Corporation (TSX:U) (“UPC”) reports its estimated net asset value at November 30, 2015 was CAD$706.7 million or CAD$6.11 per share. As at November 30, 2015, 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 $ 454,550
Uranium hexafluoride (“UF6“) 1,903,471 KgU $ 247,2651
$ 701,815
U3O8 market value per pound:
– In Canadian dollars $ 48.002
– In United States dollars $ 36.00
UF6 market value1 per KgU:
– In Canadian dollars $ 129.90 2
– In United States dollars $ 97.43
1 Includes a CAD$3,987,000 fair value adjustment for UPC’s UF6 inventory held at the United States Enrichment Corporation’s enrichment facility.
2 Market values are month-end spot prices published by Ux Consulting Company, LLC, translated at the month-end noon exchange rate of $1.3333.

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. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation’s website at www.uraniumparticipation.com.

Ron Hochstein
President and Chief Executive Officer
(416) 979-1991 Ext. 232

James Anderson
Chief Financial Officer
(416) 473-7005

 

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