Wakefield Uranium Mines Ltd. - 1955 dated Canadian Mining Stock Certificate
Inv# MS2329 Stock
Stock printed by Canadian Bank Note Company, Limited.
Wakefield Uranium Mines Ltd. was established during the 1950s Canadian uranium rush, with its primary focus on exploring radioactive deposits in Masham Township, Quebec. The company’s holdings were mainly situated in the Gatineau region, particularly north of Indian Lake in Range 10. This area had been known for molybdenite deposits since 1915, but the post-war demand for nuclear fuel shifted exploration towards uranium. In 1952, after previous operations by companies like Vic-Ore Molybdenite Mines Ltd. had ceased, Ottawa interests took over the project, eventually leading to the formation and activity of Wakefield Uranium Mines.
The company’s exploration efforts involved significant diamond drilling, including a notable hole that reached a depth of 1,358 feet. Despite these efforts and the presence of favorable geological indicators, the property never achieved the scale of the major producers in the nearby Bancroft or Elliot Lake districts. By the mid-1960s, interest in the site was taken over by other entities, such as Rio Tinto Canadian Explorations Limited, which deepened previous drill holes to nearly 4,000 feet in 1966.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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