Uranium Participation Corporation (TSX: U) reports its estimated net asset value at May 31, 2021 was CAD$733.0 million or CAD$4.87 per share. As at May 31, 2021, UPC’s uranium investment portfolio consisted of the following:
|(in thousands of Canadian dollars, except quantity amounts)||Quantity||Fair Value|
|Investments in Uranium:|
|Uranium oxide in concentrates (“U3O8“)||16,269,658 lbs||$||616,719|
|Uranium hexafluoride (“UF6“)||300,000 KgU||$||36,940|
|U3O8 fair value1 per pound:|
|– In Canadian dollars1||$||37.91|
|– In United States dollars||$||31.40|
|UF6 fair value1 per KgU:|
|– In Canadian dollars1||$||123.13|
|– In United States dollars||$||102.00|
|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 $1.2072.|
On the last trading day of May 2021, the common shares of UPC closed on the TSX at a value of CAD$5.61, which represents a 15.20% premium to the net asset value of CAD$4.87 per share.
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“) 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.
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