Show I Vote to Change Name i Of Mining Company at atI I Stockholders Meeting I Shareholders of Continental Uranium Inc voted to change the company's name to Continental Continental Contin Contin- Materials Corporation at the fhe company's annual meeting in Chi Chi- cago In presenting the proposal to shareholders Gerald Gidwitz chairman of the board pointed cut Gut that the company has recently recent recent- ly Iy diversified Into the nonmetallic non metal lic mining ready-mix ready concrete and building supply industries The new name will more adequately encompass all of our activities i he said I He emphasized however that Continental is continuing to expand expand expand ex ex- its uranium mining activities Last year we substantially Increased increased In in- creased our uranium ore I es he said ThIs year we have stepped up our mining acquisition tion program with the addition of George C. C Heikes to our staff as liS Director of Mineral MineraI Resources Heikes was formerly Director of ot the Zinc and Aluminum Magnes ium lum Divisions of the War Production Production tion ton Board and Chief of the MinIng Mining Min Min- ing Branch of the ECA EGA Mission to Greece The company's present operatIng operating operating ing uranium mines mine include the Rattlesnake and Continental No 1 mines In San Juan county Utah the Crooks Gap mine In Fremont county Wyoming and the Flat Fiat Top mines mine in Mesa count county county coun coun- t ty Colorado HAS DIVERSIFIED Gidwitz told the shareholders At the same time we plan to continue our diversification Into the non metallic mining and building materials fields field During 1956 the company pur pur- chased the Transit Mix Cement Cg q and the Daniels Sand Co both oth of Colorado Springs Colorado Colorado Colo Colo- rado redo the Pacific Materials Corp of Pacific Missouri and the Marion MarIon Maron Mar- Mar Ion on Silica Co of Marlon Marion I Kentucky Ken Ken- en- en tucky We are presently negotiating for or the purchase of several addItional additional addi- addi ional companies he Jle said Projected Projected Pro population figures an expanding expanding ex- ex anding economy and a heavy federal fedral fed fed- eral ral road building program all Indicate high volumes and marg marg- Ins ns in these industries during the next decade FORESEES GOOD YEAR VEAR Gidwitz told shareholders the company passed the even break point in Its mining operations In September eI and that ore income since then has exceeded expense He noted that earnings from newly newly newly new new- ly acquired companies in the building materials field were reflected reflected reflected re re- re- re in the 1956 1958 figures only for the winter months during which building activity is at a I minimum year Full-year earnings from these sources should contribute substantially to 1957 1951 figures |