We have now upgraded Uranium Participation Corporation from the Watch List to the Buy List.

Having watched this stock for some time and posted our research here at an earlier date we have made the decision to make our first purchase and we will continue to accumulate as and when the opportunities present themselves.

As you already know Uranium Participation Corporation is a holding company for investment into uranium assets. The company’s main objective is that of acquiring U308 and holding it in anticipation that it will experience considerable appreciation as the uranium price moves up. This uranium stock offers almost direct exposure to the price movement of uranium although it does not actually mine the product itself.

As we can see from the above chart this stock has undergone a nice, healthy correction and the indicators now look positive in our humble opinion.

For those of you who bought when we first mentioned it we suggest that you hold on, as the best is yet to come. For the more cautious movers such as ourselves we are pleased with what we have seen and with our first purchase, which was at $11.97.

Uranium Participation Corporation trades on the Toronto stock Exchange under the symbol of ‘U’

21 November 2006