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Post by Franko10 ™ on Apr 4, 2005 18:01:34 GMT -5
Eira Thomas and Brian Edgar Join IUC's Board of Directors
15:17 EDT Monday, April 04, 2005
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2005) - International Uranium Corporation (TSX:IUC) is pleased to announce the appointment of Ms. Eira Thomas and Mr. Brian Edgar to the Board of Directors of IUC, effective as of March 22, 2005.
Eira Thomas is a respected Canadian geologist with a highly successful career in the mining industry. She served as a geologist with Aber Resources Ltd. (now Aber Diamond Corporation) from 1992 to 1997, leading the field exploration team that discovered the Diavik Diamond Project pipes the Northwest Territories in 1994 and 1995. She was promoted to Vice-President Exploration for Aber in 1997, a post she held for two years. She remains a director of Aber Diamond Corporation which holds a 40 per cent interest in Diavik, Canada's second diamond mine, which went into production in 2003 and is expected to produce 8.2 million carats in 2004. Aber Diamond Corporation recently purchased a 51% interest in world-renown luxury jeweler and watch retailer Harry Winston. Currently President and CEO of Stornoway Diamond Corporation, Ms. Thomas is also a director of a number of other public companies and organizations, including Fortress Minerals Corp., Strongbow Exploration Inc., the Northwest Territories Chamber of Mines and the Prospectors and Developers Association of Canada.
Brian D. Edgar has been active in public markets for over 25 years. A graduate of the University of British Columbia law school, Mr. Edgar practiced corporate and securities law in Vancouver for 16 years. In 1992 Mr. Edgar and colleague, Mr. William A. Rand, established Rand Edgar Capital Corp. (succeeded by Rand Edgar Investment Corp.). Rand Edgar Investment Corp. is in the business of providing early stage venture capital to high growth companies and in providing advisory services concerning corporate structuring, finance, business strategies, private and public securities offerings and relations with regulatory authorities, lawyers, accountants and technical consultants. Mr. Edgar serves on the Board of a number of public companies.
Ron Hochstein, President of IUC, commented, "We are very pleased to have Ms. Thomas and Mr. Edgar join our Board. These two highly successful individuals bring added depth and a wealth of experience and expertise to our Board. We have a very strong Board of Directors and with the addition of Ms. Thomas and Mr. Edgar, IUC now has a majority of its Board comprised of independent directors. We look forward to working with them as IUC continues its rapid growth towards North America's newest mid-tier uranium company."
IUC is engaged in uranium exploration and production. It holds significant uranium deposits in Mongolia and uranium and vanadium deposits in the U.S. and a fully permitted 2,000 ton per day uranium/vanadium mill near Blanding, Utah (one of only two operating uranium mills in the U.S.), as well as uranium exploration properties in the Athabasca Region in Canada. The Company also processes and recycles uranium-bearing waste materials as an environmentally superior alternative to direct disposal. In addition, the Company owns approximately 58% of the outstanding shares of Fortress Minerals Corp., a public company engaged in precious and base metal exploration in Mongolia.
Statements contained in this news release which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices for uranium and vanadium; the impact of the sales volume of uranium and vanadium; competition; reliance on income from processing uranium-bearing waste materials; the impact of change in foreign currency exchange rates and interest rates; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; changes to reclamation requirements; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; a possible deterioration in political support for nuclear energy; changes in government regulations and policies, including trade laws and policies; demand for nuclear power; replacement of production and failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; ability to maintain and further improve positive labour relations; operating performance of the facilities; success of planned development projects; and other development and operating risks. Although IUC believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this release. IUC disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. United States investors are advised that while the term "inferred" resources is recognized and required by Canadian regulations, SEC does not recognize that term. Investors are cautioned not to assume that all or any part of mineral deposits in this category will ever be converted into reserves.
ON BEHALF OF THE BOARD
Ron F. Hochstein, President
FOR FURTHER INFORMATION PLEASE CONTACT:
International Uranium Corporation
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
www.intluranium.com
15:17 EDT Monday, April 04, 2005
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2005) - International Uranium Corporation (TSX:IUC) is pleased to announce the appointment of Ms. Eira Thomas and Mr. Brian Edgar to the Board of Directors of IUC, effective as of March 22, 2005.
Eira Thomas is a respected Canadian geologist with a highly successful career in the mining industry. She served as a geologist with Aber Resources Ltd. (now Aber Diamond Corporation) from 1992 to 1997, leading the field exploration team that discovered the Diavik Diamond Project pipes the Northwest Territories in 1994 and 1995. She was promoted to Vice-President Exploration for Aber in 1997, a post she held for two years. She remains a director of Aber Diamond Corporation which holds a 40 per cent interest in Diavik, Canada's second diamond mine, which went into production in 2003 and is expected to produce 8.2 million carats in 2004. Aber Diamond Corporation recently purchased a 51% interest in world-renown luxury jeweler and watch retailer Harry Winston. Currently President and CEO of Stornoway Diamond Corporation, Ms. Thomas is also a director of a number of other public companies and organizations, including Fortress Minerals Corp., Strongbow Exploration Inc., the Northwest Territories Chamber of Mines and the Prospectors and Developers Association of Canada.
Brian D. Edgar has been active in public markets for over 25 years. A graduate of the University of British Columbia law school, Mr. Edgar practiced corporate and securities law in Vancouver for 16 years. In 1992 Mr. Edgar and colleague, Mr. William A. Rand, established Rand Edgar Capital Corp. (succeeded by Rand Edgar Investment Corp.). Rand Edgar Investment Corp. is in the business of providing early stage venture capital to high growth companies and in providing advisory services concerning corporate structuring, finance, business strategies, private and public securities offerings and relations with regulatory authorities, lawyers, accountants and technical consultants. Mr. Edgar serves on the Board of a number of public companies.
Ron Hochstein, President of IUC, commented, "We are very pleased to have Ms. Thomas and Mr. Edgar join our Board. These two highly successful individuals bring added depth and a wealth of experience and expertise to our Board. We have a very strong Board of Directors and with the addition of Ms. Thomas and Mr. Edgar, IUC now has a majority of its Board comprised of independent directors. We look forward to working with them as IUC continues its rapid growth towards North America's newest mid-tier uranium company."
IUC is engaged in uranium exploration and production. It holds significant uranium deposits in Mongolia and uranium and vanadium deposits in the U.S. and a fully permitted 2,000 ton per day uranium/vanadium mill near Blanding, Utah (one of only two operating uranium mills in the U.S.), as well as uranium exploration properties in the Athabasca Region in Canada. The Company also processes and recycles uranium-bearing waste materials as an environmentally superior alternative to direct disposal. In addition, the Company owns approximately 58% of the outstanding shares of Fortress Minerals Corp., a public company engaged in precious and base metal exploration in Mongolia.
Statements contained in this news release which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices for uranium and vanadium; the impact of the sales volume of uranium and vanadium; competition; reliance on income from processing uranium-bearing waste materials; the impact of change in foreign currency exchange rates and interest rates; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; changes to reclamation requirements; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; a possible deterioration in political support for nuclear energy; changes in government regulations and policies, including trade laws and policies; demand for nuclear power; replacement of production and failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; ability to maintain and further improve positive labour relations; operating performance of the facilities; success of planned development projects; and other development and operating risks. Although IUC believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this release. IUC disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. United States investors are advised that while the term "inferred" resources is recognized and required by Canadian regulations, SEC does not recognize that term. Investors are cautioned not to assume that all or any part of mineral deposits in this category will ever be converted into reserves.
ON BEHALF OF THE BOARD
Ron F. Hochstein, President
FOR FURTHER INFORMATION PLEASE CONTACT:
International Uranium Corporation
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
www.intluranium.com
