Inactive Instrument

Uranium Participation Corporation

Equities

U

CA9170171057

Uranium Participation Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2015

January 14, 2016 at 10:19 pm

Uranium Participation Corporation reported earnings results for the third quarter and nine months ended November 30, 2015. For the quarter, the company reported net loss of $9.9 million compared to net gain of $177.4 million a year ago which was primarily due to unrealized net losses on investments of $9.7 million against unrealized net gains on investments of $178.9 million, as a result of the decrease in spot prices, slightly offset by the increase in the foreign exchange noon-rate during the period.

For the nine months, the company reported net loss of $11.6 million compared to net gain of $93.9 million was primarily due to unrealized net losses on investments of $8.8 million, as a result of the decrease in spot prices, slightly offset by the increase in the foreign exchange noon-rate during the period.

Latest news about Uranium Participation Corporation

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Sprott Physical Uranium Trust is a Canada-based publicly-listed physical uranium fund. The Company's investment objective is to invest and hold its assets in uranium in the form of triuranium octoxide (U3O8). Sprott Asset Management LP is the investment manager to the Company.

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