Uranium Participation Corporation Reports Financial Results for the Year

Uranium Participation Corporation  reports results for the year ended February 28, 2010.

The Company recorded negative revenue for the year as a result of unrealized losses on its uranium investment due to the decline in the spot price of uranium during the year.

Revenue for the year was negative $142.2 million (2009 – $127.0 million negative) consisting of $145.4 million in unrealized losses in the value of the Company’s uranium investments (2009 – $131.8 million unrealized loss), $3.1 million (2009 – $4.6 million) in income from investment lending and $0.1 million (2009 – $0.2 million) in interest earned on invested cash.

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