In the announcement the Toronto-based uranium producer estimated net assets to be C592.6 million or C$4.29 per share.

Uranium Participation Corporation (TSX:U) has released a report outlining it estimated net asset value as of July 31, 2018. In the announcement the Toronto-based uranium producer estimated net assets to be C592.6 million or C$4.29 per share.

As quoted from the press release:

As at July 31, 2018, UPC’s uranium 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“)		14,159,354 lbs	$	473,683
	Uranium hexafluoride (“UF₆“)		1,117,230 KgU	$	111,254
				$	584,937
	U₃O₈ fair value¹ per pound:
		– In Canadian dollars¹		$	33.45
		– In United States dollars		$	25.70
	UF₆ fair value¹ per KgU:
		– In Canadian dollars¹		$	99.58
		– In United States dollars		$	76.50

On the last trading day of July 2018, the common shares of UPC closed on the TSX at a value of C$4.42, which represents a 3.03 percent premium to the net asset value of C$4.29 per share.
On May 22, 2018, UPC announced a bought-deal equity offering of 4,880,000 common shares, at a price of C$4.10 per share, for gross proceeds of C$20,008,000, with an overallotment option of an additional 732,000 common shares at C$4.10 per share. The offering was completed on May 31, 2018 and the overallotment option was fully exercised. Accordingly, UPC issued 5,612,000 common shares for total gross proceeds of C$23,009,200. The proceeds of the offering are being used by UPC to fund purchases of U₃O₈ and/or UF₆ and for general corporate purposes.