My friend from China called me a couple of days ago and told me that he found a certificate, belonging to his grandfather, for shares in International Uranium Mining Company, Limited. His grandfather bought the stock of this company in 1945 in China. He would like to know if this company still exists.
Andrew Wang
North York, Ont.
In the immediate post-war years, International Uranium did some surface exploration and drilling, dewatered the old workings, and drove some new drifts, blocking out a new resource. The company sent out a small shipment of silver ore in 1947, and also sent a bulk sample to Eldorado Refining in Port Hope to test uranium recovery.
The company was idle from 1948 to 1950, during which time it was reorganized under the name Acadia Uranium Mines. It held on to the Contact Lake property, and also held properties in other parts of the country. It didn’t specialize in uranium exploration, having taken up properties in the Chibougamau and Bathurst base metal camps during staking rushes there.
By 1962, International Uranium had allowed its property rights to lapse on most of its holdings, and it was reorganized again in 1964 under new management. It held a half interest in a base metal property in the Timmins area in the mid-1960s but was inactive again by 1968. It never held an active interest in mineral properties again, and its charter was cancelled in 1976.
(The contemporary company named International Uranium was formed in 1997 and is not related to the old International Uranium Mining Company.)
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