| Type | Public |
|---|---|
| Traded as | TSX: U |
| Industry | Financial Services |
| Founded | 2005 |
| Headquarters | Toronto, Canada |
| Key people | Ron F. Hochstein, President |
| Website | www.uraniumparticipation.com |
Uranium Participation Corporation (TSX: U) is a Toronto-based holding company investing nearly all of its assets in uranium, both in the form of uranium oxide (U3O8) or uranium hexafluoride (UF6), with the primary investment objective of achieving capital appreciation in the value of its uranium holdings.[1] The common shares represent an indirect interest in physical uranium owned by UPC. The mission of the corporation is to provide an investment alternative for investors interested in holding uranium.
Uranium Participation Corporation was incorporated on March 15, 2005. At least 85% of net proceeds of any equity offering is invested in uranium. The UPC buys and holds uranium assets and does not actively speculate on short-term prices.[2]
The uranium holdings are physically stored in duly licenced facilities located in Canada, France, and the United States.[3]
Because Uranium Participation does not have a license to purchase and hold uranium directly, the fund buys and holds the commodity through Denison Mines. Denison Mines (TSX: DML, NYSE: DNN) is the manager of the corporation and does not have any ownership interest in UPC.