News

July 15, 2008

Chile’s Largest Uranium Company: U308 Holdings Stakes Its Claim To Future Greatness

By Alastair Ford

In a sense it’s the same old story. Various US, UN and Chilean uranium companies and organisations had a look around in Southern Chile during the 1970s, but then Three Mile Island happened, followed by Chernobyl, and the bottom dropped out of the uranium market. After that the simple equation was: why bother with a metal like uranium in a country that’s rich in copper almost beyond the dreams of avarice?

But in such unpromising circumstances are small companies born. It’s all a question of timing. So, fast forward to 2007, and the uranium price has taken off once more. An opportune moment for Conrad Windham to cobble together a uranium company, and an opportune moment for Mike Parr to start browsing through old data in Chilean archives.

Let’s start with Conrad. Conrad’s not been around overly long in the mining sector. But that’s not his fault – according to the listing documents U3O8...