February 2, 2010
A new uranium investment and services advisory firm has been established in Adelaide to support the growing uranium industry in Australia and overseas.
Uranium Associates Pty Ltd has been formed by prominent uranium industry executive Mark Chalmers to provide a “one stop shop” for professional advice and assistance for companies interested or currently involved in the uranium sector.
Uranium Associates will provide technical, operational management and corporate advisory services, calling upon its Australian and global pool of uranium expertise in all areas pertaining to exploration, development, operation and investment.
Company founder Mark Chalmers is a mining engineer who has been actively involved in the uranium industry since 1976. Over his career, he has held a number of executive roles with major international uranium production companies such as Cameco, Heathgate Resources and Energy Fuels Nuclear.
Most recently, Mr Chalmers co-founded Uranium Equity – which subsequently became Uranium Equities Limited – where he was Managing Director. Uranium Equities is a prominent Adelaide-based uranium explorer and developer of uranium extraction technologies with several joint ventures and funding arrangements with multi-national uranium-focused companies.
He also co-founded Urtek LLC – a company in which Uranium Equities and Canadian company Cameco Corporation are shareholders and active participants – which through its innovative PhosEnergy Process has become a world leader in the extraction of uranium from phosphoric acid.
Prior to Uranium Equities, Mr Chalmers was Senior Vice President and General Manager of Heathgate Resources which owns and operates the Beverley uranium mine in South Australia.
Mr Chalmers also chairs the Uranium Council (UC), an appointment by the Honourable Martin Ferguson, the Australian Minister for Resources, Energy and Tourism. The UC is a combined Australian Government and stakeholder body (represented by industry players BHP, ERA, Heathgate, Cameco and Paladin) organised to review and remove impediments to Australia’s uranium exploration and development policy.
Mr Chalmers is also chair of the annual AusIMM International Uranium Conference series in Australia which is entering its fifth year. His involvement with this highly successful conference stems back to its inception in 2006.
While serving as a Principal of Uranium Associates, Mr Chalmers will continue his role as Managing Director of Urtek LLC.
Commenting on the set-up of his new company Mr Chalmers said: “Uranium Associates provides a new vehicle to assist companies that are serious in investing and building sustainable, profitable and well run enterprises within the uranium sector,” he said. “While the company may be new, the associates working with the group have long histories of value creation in this industry in Australia and abroad.”
The company is already working with a number of domestic and international clients.
Further information:
Please contact Mark Chalmers, Uranium Associates, on 0417 861 482 or
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Issued by Hughes Public Relations: Please contact Kieran Hall on 0422 147 151 or
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