Anyone hear of Cubar Uranium Mines Limited? I have a 200 share stock certificate from 1954 and wonder.?

Question

Certificate number 1357 dated April 2, 1954.

Answer 1

what's the CUSIP number? Is it listed on the upper corner of the certificate?

Answer 2

Indocan owns some property which your company used to own. Maybe Indocan bought Cubar and its land.

Here's a press release.

TORONTO--(BUSINESS WIRE)--May 11, 1998--Robert P. Salna, president reports; Indocan Resources Inc. (OTC BB:IDCN IDCN was in the mining business with property in Indonesia and joint venture partners for various properties in Canada.

The company vended-out the assets in exchange for all liabilities being paid. Existing with no assets or liabilities, management went on a search for suitable properties to acquire. On April 29, 1998, the company entered in to an agreement to acquire all the outstanding shares of Prodigy Resources Incorporated of Toronto, Ontario.

Tony Papa of Prodigy Resources Inc. reports that Prodigy holds acreage in Northern Ontario with over 5,000,000 metric tons of garnet valued at more than $420,000,000 (USD) and two gold mine properties with an estimated 250,000 ounces of recoverable gold.
The River Valley, Ontario Garnet Property of Prodigy Resources Inc. is located in Dana Township, about 40-km north of Sturgeon Falls and 10-km north of the village of River Valley. The property is between the cities of North Bay and Sudbury. River Valley is 70-km from North Bay and 88-km from Sudbury. A railroad passes through River Valley. The property is reached by traveling 3-km west from the town of River Valley then 10-km north on a gravel/bush road. The property consists of three mining claims each being approximately 40 acres for a total area of 120 acres. The mining claim numbers are 1076837, 1077279, 1076849.

Work was performed intermittently for a number of years during World War II. The Niagara Garnet Company operated the deposit from 1943 to 1949. By 1949, camps had been erected and equipped with compressor drills, a crusher elevator and picking table. A mill was erected at Sturgeon Falls. The Niagara Garnet Company sank an 18-foot deep and 75-foot long pit. The Industrial Garnet Company mined the deposit in 1950. Cubar Uranium Mines Limited acquired the property and performed overburden stripping, cleaning, test sampling of the deposit, and also did some market investigation of the product.

In 1969, the Rivale Mining Company acquired the property from the successor to Industrial Garnet. Rivale explored the property by bulldozing off the overburden and then cleaning the bedrock surface with a high-pressure fire hose. Some 1,000 square feet of garnetiferous bedrock was exposed and cleaned off. Rivale was in the process of preparing the site for mining operations. Their operations were halted due to Indian Land Claims.

The area was enclosed within the Temagami Native Land Claim area that opened during September 1996 after being closed during a 23-year land freeze. The land freeze prevented mining exploration or development in a 617,500-hectare area between Sudbury and North Bay. The company acquired the property when the land reopened.

CONTACT: Jeffrey Bruhjell [phone]

Answer 3

When I was a child in the early 60's my mother let me play with her worthless shares in Cubar. She apparently lost our shirt by investing much of the proceeds of my father's life insurance proceeds in it...