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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.〔(Uranium Participation Corporation )〕 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. The structure of the corporation allows it to be purely a holding company play on uranium, with no operational details in its consolidated annual filings. Uranium Participation Corporation was incorporated on March 15, 2005. At least 85% of net proceeds of any equity offering were to be invested in uranium. The UPC buys and holds uranium assets and does not actively speculate on short-term prices.〔(Blackmont Capital Presentation|Quick Facts )〕 UPC was the brainchild of billionaire financier Eric Sprott,〔(FP: "Anatomy of a successful bought deal" (Critchley) )〕 of Sprott School of Business and Sprott Molybdenum Participation Corporation fame.〔(marketswiki entry for "Eric Sprott" )〕 UPC held a significant stake in Uranium One〔 before the latter was purchased outright by ARMZ Uranium Holding in January 2013 for $1.3bn.〔(FP: "Uranium One bought by top Russian shareholder ARMZ for $1.3-billion" (Koven) January 14, 2013 )〕 The uranium holdings are physically stored in duly licensed facilities located in Canada, France, and the United States.〔(Uranium Participation Corporation-Closes Public Offering )〕 ==Relationship with Denison Mines== Because Uranium Participation does not have a license to purchase and hold uranium directly, the fund buys and holds the commodity through Denison Mines, which it controls for this purpose. Denison Mines is the manager of the corporation and does not have any ownership interest in UPC. Ron Hochstein, an alumnus of Noranda, has been the CEO of Denison since 2000 as well as the CEO of UPC.〔(bloomberg businessweek: "denison mines corp (DML:Toronto Stock Exchange)" )〕 The arrangement whereby Denison and UPC occupy the same suite 402〔(UPC 2013 Annual Report, p.22 )〕 is a convenience designed to satisfy sleepy government regulators. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Uranium Participation Corporation」の詳細全文を読む スポンサード リンク
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