Uranium Participation Corp Reports NAV at June 30

Uranium Participation Corporation (TSX:U) reported that on June 30, 2014, its estimated net asset value was CAD$471.0 million or CAD$4.03 per share.

According to the press release:

As at June 30, 2014, UPC’s investment portfolio consisted as follows:

(in thousands of Canadian
dollars, except quantity
amounts) Quantity Cost Fair Value
——————————– ————– ——– ———–

Investments in Uranium:
Uranium oxide in
concentrates (“U(3) O(8)
“) 8,676,811 lbs $409,301 $ 261,690
Uranium hexafluoride
(“UF(6) “) 2,153,471 KgU $353,357 $181,086(1)

$762,658 $ 442,776
——————————– ————– ——- ———-

U(3) O(8) average cost and
market value per pound:
– In Canadian dollars $ 47.17 $ 30.16(2)
– In United States dollars $ 44.21 $ 28.25
UF(6) average cost and
market value per KgU:
– In Canadian dollars $ 164.09 $ 84.09(2)
– In United States dollars $ 153.78 $ 78.77
—————————————— ——- ———-

(1) Includes a CAD$3,987,000 fair value adjustment
for UPC’s UF(6) inventory held at the USEC Inc. enrichment
facility.
(2) Market values are month-end spot prices published
by Ux Consulting Company, LLC, translated at the June
30, 2014 exchange rate of $1.0676.

Click here to view the full press release.