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Metalo Manufacturing Inc.

Listing Exchange: 
CSE
Status: 
Active
Industry: 
Diversified Industries
Symbol: 
MMI
CSE Index: 
Yes

Metalo is the largest shareholder in the privately owned firm Grand River Ironsands Incorporated (GRI), with a 44.34% ownership of GRIs common shares. Effectively it represents an indirect shareholding in the private company North Atlantic Iron Corporation (NAIC) (project joint venture) of 27.6%. Recent investments in NAIC were at a US$80 million valuation. NAIC is focused on developing a plant to be a low cost producer of a high purity pig iron. The technology will be designed to ensure it reduces emissions normally associated with steel makers. After an investment of nearly $40 million over seven years, the key mission of the project is to become the first major North American producer to supply the domestic steel and foundry markets. The current North American market imports 3-5 million tonnes per annum of pig iron. Metalo, with its substantive shareholding in GRI, and indirectly NAIC, is poised to benefit from the efforts to date in this unique business opportunity.

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Metalo Manufacturing Inc. (MMI)

SEDAR Information

Metalo Manufacturing Inc.
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Date: November 27, 2015
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Date: February 24, 2015

Company Info

Address
311 - 380 Bedford Highway
Halifax, NS B3M 2L4
Canada
Phone
1-902-496-7594
Email
liz@metalo.ca
Website
http://www.metalo.ca
Listing date
Thursday, March 29, 2012
Investor Relations
Liz MacKenzie
Auditor
PricewaterhouseCoopers LLP

Capitalization

Issued & Outstanding: 
17307039
Reserved for Issuance: 
3450203

News Releases

Bulletins

14/12/2015

2015-1209 – Name and Symbol Change - Muskrat Minerals Incorporated (YYR)

Name and Symbol Change - Muskrat Minerals Incorporated (YYR)

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