U meaning in Business ?

Uranium Participation Corporation (UPC) (TSX: U) is a Toronto-based holding company investing nearly all of its assets in uranium, both in the form of uranium oxide (U
3O
8) or uranium hexafluoride (UF
6), 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. 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 equityoffering were to be invested in uranium. The UPC buys and holds uranium assets and does not actively speculate on short-term prices. UPC was the brainchild of billionaire financier Eric Sprott, of Sprott School of Business and Sprott Molybdenum Participation Corporation fame.

UPC held a significant stake in Uranium One before the latter was purchased outright by ARMZ Uranium Holding in January 2013 for $1.3bn.

The uranium holdings are physically stored in duly licensed facilities located in Canada, France, and the United States.