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Canadian based Uranium Participation Corporation invests all of its assets in the acquisition of uranium which it plans to sell at a later date when the price is beneficial.
Uranium Participation Corporation (TSX:U) has released a report updating its net asset value. According to the company value has increased to C$688 million.
Canadian based Uranium Participation Corporation invests all of its assets in the acquisition of uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6). The company’s goal is to store its uranium until the spot price increases.
As quoted from the press release:
Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at November 30, 2018 was CAD$688.0 million or CAD$4.98 per share. As at November 30, 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
$
548,051
Uranium hexafluoride (“UF6“)
1,117,230 KgU
$
132,628
$
680,679
U3O8 fair value1 per pound:
– In Canadian dollars1
$
38.71
– In United States dollars
$
29.10
UF6 fair value1 per KgU:
– In Canadian dollars1
$
118.71
– In United States dollars
$
89.25
On the last trading day of November 2018, the common shares of UPC closed on the TSX at a value of C$4.82, which represents a 3.21 percent discount to the net asset value of C$4.98 per share.
