Uranium Participation Corporation (TSX:U) announced their financial results for the three months ended May 31, 2013.
As quoted in the press release:
Net losses incurred of $20.0 million for the three months ended May 31, 2013 (May 31, 2012: net income of $27.4 million) was primarily due to unrealized losses on investments of $19.1 million (May 31, 2012: unrealized gains of $29.5 million) a result of the decline in U3O8 and UF6 spot prices, offset by an increase in foreign exchange rates in the period.
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