Uranium Participation Corporation
Encyclopedia
Uranium Participation Corporation is a Toronto-based holding company investing nearly all of its assets in uranium
, both in the form of uranium oxide
or uranium hexafluoride
, with the primary investment objective of achieving capital appreciation in the value of its uranium holdings. 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.
The uranium holdings are physically stored in duly licenced facilities located in Canada, France, and the United States.
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 is the manager of the corporation and does not have any ownership interest in UPC.
Uranium
Uranium is a silvery-white metallic chemical element in the actinide series of the periodic table, with atomic number 92. It is assigned the chemical symbol U. A uranium atom has 92 protons and 92 electrons, of which 6 are valence electrons...
, both in the form of uranium oxide
Uranium oxide
Uranium oxide is an oxide of the element uranium.The metal uranium forms several oxides:* Uranium dioxide or uranium oxide * Uranium trioxide or uranium oxide...
or uranium hexafluoride
Uranium hexafluoride
Uranium hexafluoride , referred to as "hex" in the nuclear industry, is a compound used in the uranium enrichment process that produces fuel for nuclear reactors and nuclear weapons. It forms solid grey crystals at standard temperature and pressure , is highly toxic, reacts violently with water...
, with the primary investment objective of achieving capital appreciation in the value of its uranium holdings. 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.
The uranium holdings are physically stored in duly licenced facilities located in Canada, France, and the United States.
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
Denison Mines Corp. is a Canadian uranium exploration, development, and production company. Founded by Stephen B. Roman, and best known for its uranium mining in Elliot Lake, it later diversified into coal, potash, and other projects....
. Denison Mines is the manager of the corporation and does not have any ownership interest in UPC.
See also
- Gold exchange-traded fundGold exchange-traded fundGold exchange-traded products are exchange-traded funds , closed-end funds and exchange-traded notes that aim to track the price of gold. Gold exchange-traded products are traded on the major stock exchanges including Zurich, Mumbai, London, Paris and New York. , physically backed funds held...
- Minor metalsMinor metalsMinor metals is a widely-used term in the metal industry that generally refers to primary metals not traded on the London Metal Exchange .-Characteristics:...
- Sprott Molybdenum Participation CorporationSprott Molybdenum Participation CorporationSprott Molybdenum Participation Corporation was a dedicaded commodity hedge fund created in April 2007 by prominent Canadian investor Eric Sprott to invest in molybdenum assets. The primary investment objective of the Corporation was to achieve capital appreciation by investing in securities of...
- Uranium bubble of 2007Uranium bubble of 2007The uranium bubble of 2007 was a period of nearly exponential growth in the price of natural uranium, starting in 2005 and peaking at roughly 300$/kg in mid-2007. This coincided with significant rises of stock price of uranium mining and exploration companies...
- Uranium marketUranium marketThe uranium market, like all commodity markets, has a history of volatility, moving not only with the standard forces of supply and demand, but also to whims of geopolitics. It has also evolved particularities of its own in response to the unique nature and use of this material.The only significant...