-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DeARLb79Q53mqz5q/GfB+Xm5ntTJHHVgcVIET1EPmYq9dQ2nEIsSJF11f8sU2ir8 RdTurPSz2V8CbvGHtXFkfw== 0000950134-99-005392.txt : 19990615 0000950134-99-005392.hdr.sgml : 19990615 ACCESSION NUMBER: 0000950134-99-005392 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990607 FILED AS OF DATE: 19990610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL URANIUM CORP CENTRAL INDEX KEY: 0001063259 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS METAL ORES [1090] FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 6-K SEC ACT: SEC FILE NUMBER: 000-24443 FILM NUMBER: 99643804 BUSINESS ADDRESS: STREET 1: 1050 SEVENTEENTH STREET STREET 2: SUITE 950 CITY: DENVER STATE: CO ZIP: 80265 BUSINESS PHONE: 3036287798 MAIL ADDRESS: STREET 1: 1050 SEVENTEENTH STREET STREET 2: SUITE 950 CITY: DENVER STATE: CO ZIP: 80265 6-K 1 FORM 6-K FOR JUNE 7, 1999 1 FORM 6-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 ------------------------------- For the month of June 1999 International Uranium Corporation (Translation of registrant's name into English) Independence Plaza, Suite 950, 1050 Seventeenth Street, Denver, CO 80265 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F X Form 40-F ----- ----- Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No X ----- ----- If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- . ---------------- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. International Uranium Corporation (Registrant) Date: June 7, 1999 By: /s/ Earl E. Hoellen ------------ ------------------------------ Earl E. Hoellen, President 2 Exhibit Index Exhibit No. Description ----------- ----------- 99.1 Press Release dated June 7, 1999 EX-99.1 2 PRESS RELEASE DATED JUNE 7, 1999 1 EXHIBIT 99.1 PRESS RELEASE DATED JUNE 7, 1999 JUNE 7, 1999 (IUC - TSE) . . . INTERNATIONAL URANIUM CORPORATION (the "Company") announced today that it was suspending mining operations from its two producing mines, the Sunday and GMG mines, both of which are located in the Colorado Plateau mining district. The Company had planned to suspend mining operations at the Sunday and GMG mines in September of this year to coincide with the completion of the conventional ore mill run, presently scheduled to begin later this month. However, due to weak commodity prices, the Company elected to discontinue operations early. Company mining operations at the Sunday Mine will end immediately, and contract mining operations at the GMG will end not later than the end of August. The Company had previously discontinued mining operations at the Rim and Topaz mines. With the suspension of operations at the Sunday and GMG mines, all of the Company's mining projects will be on standby, and will remain so until market conditions justify otherwise. To date, the Company has mined and stockpiled approximately 84,000 tons of ore, containing approximately 400,000 pounds of recoverable uranium and 2,200,000 pounds of recoverable vanadium. As noted, the Company plans to commence processing these uranium/vanadium ores later this month and anticipates the completion of this conventional mill run by the end of October. With the current suspension of all mine production and development activities, the Company intends to devote its full attention and resources at this time to the continued development of its alternate feed recycling business. The Company has previously completed seven alternate feed processing runs to date, including approximately 45,000 tons of uranium-bearing material from a former U.S. defense site (Ashland 2) undergoing environmental remediation as part of the Formerly Utilized Sites Remedial Action Program ("FUSRAP"). In addition, the Company was recently awarded a contract to recycle up to another 100,000 tons of similar material from the Ashland 1 FUSRAP site. The Company generally receives a substantial recycling fee in addition to retaining the uranium recovered from processing these FUSRAP materials. Alternate feed processing is a growing sector of the Company's business and, subject to continued regulatory approvals, is expected to be a major contributor to the Company's earnings in the future. The Company also announces that Mr. Thad L. Meyer, Chief Financial Officer, will leave his position at the end of the month. Mr. Rick L. Townley, currently the Company's Controller, will assume the position of CFO at that time. Headquartered in Denver, Colorado, IUC is engaged in the business of producing uranium concentrates and selling and trading these concentrates and other nuclear fuel cycle products in the international nuclear fuel market. As a co-product to its uranium production, IUC produces and sells vanadium and other metals. In addition to mining and processing uranium from natural ores, IUC also recovers uranium by recycling uranium-bearing waste streams from other processing facilities. ON BEHALF OF THE BOARD "Earl E. Hoellen" President -----END PRIVACY-ENHANCED MESSAGE-----