Show b i. iTi r p j I t AI i mil b. b J 1 I r L. L r rM t. t t t t t f M S ik Sri h j w tt t 1 f w i t e W. W National Park Is two years old Monday and three years ahead head of schedule In preliminary planning To To celebrate the Parks Park's birthday Landscape birthday Landscape Architect Paul Fritz right presents the tha he Edward R Farley arley Jr president c chairman of ot the board in n a a letter to stockholders announced that Atlas Corporations Corporation's annual stockholders meeting will be bein bein bein in Moab on November 15 R. R F. F H fouls l ls President of Atlas Minerals Division stated stated stated sta sta- sta- sta ted that arrangements have been made to hold the meeting meeting meet meet- ing at 10 o'clock in the morning morning mor mor- ning that day at the Desert Inn Mr further stated stated stated stat stat- ed that the annual meeting which is ordinarily held in New York City is being held in Moab primarily because because be be- cause of the long range in interest interest interest in- in terest in the uranium industry Industry industry indus Indus- try particularly with respect respect respect res res- to this area New Circuit Built In his letter to the stockholders stockholders stockholders stock stock- holders Mr 11 Farley Falley went on onto onto onto to disclose e the construction now in progress on the vanadium vanadium vanadium van van- circuit at the Moab facility This new Installation is scheduled for a preliminary ary shakedown run in late September with complete om on on- stream operation planned for early November of this year ear The Installation of ot the new vanadium circuit in addition ad to the existing recovery recovery ery cry units will permit cus cus- custom custom tom milling of a wide variety variety var val ely of ores at the Moab plant Sulphide base bae metal ores of ot lead zinc and copper cop cop- per amenable to flotation concentration may be accepted ac accepted accepted for custom milling when available Long Term Operation Purchase schedules on AGO i allocated or non non non-allo allo uranium ores are aro now available Concentrate derived de- de rived ll from non allocated toil ores arcs may be sold old t to tn private completed mast master r plan to Superintend Superintendent ent B Bates tes Wilson Some of the preliminary prelim prelim- J inary work for the park was started before before be be- I fore the ink dried lined on the plans Mr Fritz said See Se-e feature Page Cl New Va Vanadium Circuit Being Built At Atlas Ali Annual U l Meeting Set for Moab industry Schedules Schedule have been set up for purchase without t a lime Hmo penalty of high lime liine uranium ores amenable amenable am am- enable to o alkaline leaching vanadium uranium-vanadium or ores s and exclusively vanadium ores Mr Mr Hollis went on to say that the expansion of Atlas' Atlas oper operations into the van vanadium vanadium d- d ium field in conjunction with an accelerated exploration tion program is another step aimed at long term operation operation operation op op- of the Moab mill Profits Picture Good Atlas Corporation had net income of for its fiscal year ear ended June 30 1966 including special cre cre- credits credits credits of compared with net income for the prior fiscal year which included in in- eluded dulled recurring non income of ot of Mr Mt Farley reported earlier this week Despite the Issuance of ofHie the Hie additional shares of Common Stock required by bythe bythe bythe the offer made in May 1966 t to the holders of the he Preferred Preferred Preferred Pre Pre- Stock of the com company company comp comp- any to exchange such sto stoCK stoat for Common the equity of the Common Stockholders Stockholder in the Company was was substantially substantially substantially sub sub- increased as a are are- re result re- re iii sult suit of the offer In addition addition addi addi- tion as a result of that offer and also by reason of conversions conversions conversions con con- versions of 5 Convertible Subordinated Debentures of the Company future cash requirements of Atlas were substantially reduced during during dur dur- 1 ing the fiscal year Additional Additional Addit Addit- ional conversions of such debentures have been made i since June 30 1966 so that f f the amount of such debentures debentures debentures deben deben- J tures converted from July 1 1965 to date is l During fiscal 1966 Atlas J i paid a total of as I x dividends on its outstanding i. i Preferred Stock equal to f per share |