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Show - .rf THE DAILY RECORD Pag e 4 Friday, May Lisbon Mines Receives AEG $10,000 U308 Bonus Award 4 , r , 1948 the Atomic Energy Commission offered, in its Domestic' Uranium Program Circular 2, a $10,000 bonus for the discovery, production and delivery of the first 20 tons of uranium ore containing 20 or more uraninum oxide (U308). The offer ended midnight April 11, 1958. The Lisbon Uranium Corporation of Salt Lake City, Utah' won both the honor and the $10,000 bonus jusf a'few hours before. the premium payment was to expire. . . . The assays were completed the last week in April, 1958, by the Atomic Energy Commissions plant at Grand Junction, Colo-- . rado, and the Lisbon load assayed 22.92 uranium oxide. The load, which totaled 22.25 tons, was purchased by the government for $61,016.72. This amount represented $10,000 as a bonus and $51,016.72 as payment for the high grade ore. AEC payment was made April 28 by Manager Allan E. 'jThe Jones of the Grand Junction Operations Office to A. P. Kibbe, 'president of Lisbon, at the Grand Junction office. The rich Lisbon ore, of ' the Uraninite-pitchblen- d type, came from Lisbons Ike Nixon properties in the Big Indian Mining District, San Juan County, Utah. 'Since its formation in January of 1954, at which time its .original offering .of 1,709,000 shares at $.20 raised $215,800.00, Lisbon has marketed 65,000 tons of uranium ore. The ore has . produced a gross sales value of $3,500,000.00 after milling charges, through April 1, 1958. Lisbon presently has 5,660,238 snares outstanding.' Lisbon Uranium Corporation is a subsidiary of the Atlas Corporation, one of Americas largest investment corporation. - N. Gaines, manager, Lucious Uitkin In. (Ore buyer for AEC), left; and Allan E. Jones, manager, Grand Junction Operations flee,lAEC, right; present to A. P. Kibbe, president, Lisbon Urani- um Corporation, checks totaling 561.016.72 for the -- : 22 tons of Pete Schmidt Lisbon miner, drilling the ore body containing the 20 ore. fClfOlO.IX - lead-f- . ere leaving Lisbons Ik v mine. TT ll fa h & 16, 1958 |