The Prospector News

Uranium Participation Corporation Reports Estimated Net Asset Value and Uranium Sales at December 31, 2020

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Uranium Participation Corporation Reports Estimated Net Asset Value and Uranium Sales at December 31, 2020

 

 

 

 

 

Uranium Participation Corporation (TSX: U) reports its estimated net asset value at December 31, 2020 was CAD$665.4 million or CAD$4.93 per share. As at December 31, 2020, 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“)  16,269,658   lbs $ 621,436
Uranium hexafluoride (“UF6“) 300,000 KgU $ 37,432
$ 658,868
U3O8 fair value1 per pound:
– In Canadian dollars1 $ 38.20
– In United States dollars $ 30.00
UF6 fair value1 per KgU:
– In Canadian dollars1 $ 124.77
– In United States dollars $ 98.00
1 Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the Bank of Canada’s month-end daily exchange rate of $1.2732.

 

On the last trading day of December 2020, the common shares of UPC closed on the TSX at a value of CAD$4.91, which represents a 0.41% discount to the net asset value of CAD$4.93 per share.

 

On April 14, 2020, UPC announced that it had received approval from the TSX to acquire for cancellation, by way of a normal course issuer bid (‘NCIB’), up to 12,301,750 common shares of the Corporation, during the period from April 16, 2020 to April 15, 2021. During the month of December 2020, the Corporation repurchased 616,860 shares under the NCIB.

 

In addition, during the month of December 2020, the Corporation completed a transaction to sell the conversion component contained in 100,000 KgU as UF6 for 261,285 pounds of U3O8 and cash consideration of CAD$2,727,000. The majority of the net cash proceeds generated by the sale were utilized to fund share repurchases.

 

About Uranium Participation Corporation

 

Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates (“U3O8“) and uranium hexafluoride (“UF6“) (collectively “uranium”), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. UPC provides investors with a unique opportunity to gain exposure to the price of uranium without the resource or project risk associated with investing in a traditional mining company.

 

Posted January 12, 2021

Share this news article

MORE or "UNCATEGORIZED"


American Lithium Arranges $7,160,000 Strategic Investment in Surge Battery Metals

American Lithium Corp. (TSX-V:LI) (NASDAQ:AML) (Frankfurt:5LA1) a... READ MORE

June 2, 2023

Treasury Metals Announces Closing of Private Placement Financing

Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) is pleased to anno... READ MORE

June 2, 2023

Reunion Gold Announces Additional Drill Results From Its Oko West Project, Guyana, Highlighted by Hole D-254 Which Intersected 120.7 M @ 3.13 g/t Au Including High Grade Intercepts Of 35.2 M @ 7.42 g/t Au and 8.4 M @ 9.65 g/t Au

Results continue to confirm the existence and continuity o... READ MORE

June 2, 2023

President of Ecuador Signs Environmental Consultation Decree Clearing the Path for the Final Stage of Environmental Licensing for El Domo - Curipamba Project

Adventus Mining Corporation (TSX-V: ADZN) (OTCQX: ADVZF) and Salazar Res... READ MORE

June 1, 2023

Madison Metals Signs Multi-Year Uranium Forward Sales Agreement

Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) is pleased to anno... READ MORE

June 1, 2023

Copyright 2023 The Prospector News