Metalo Manufacturing Inc.
Metalo Manufacturing Inc. (MMI) is the largest shareholder in two advanced development assets where, collectively, more than $40 million has been invested in assessing and defining market solutions. One asset has a Bankable Feasibility Study and the other a Preliminary Economic Assessment.
Both assets fall under the scope of mining and metals investments, with a similar core value of being an environmental leader in this industry. One asset is a proposed iron making smelter that will produce the lowest CO2 emissions per tonne of metal globally. The other asset is a mineral sands project involving no crushing, blasting, or grinding.
The casted iron will be a premium product in the value chain for “mission critical-fail safe” precision components for aerospace, defense, wind energy, automotive and medical devices. Producing high purity metal with clean and low-cost hydroelectricity is further enhanced by shipping iron ore in and pig iron out, to the market via water – less CO2 and cost per tonne than road or rail.
The mineral sands will deliver high purity inputs for a wide range of products required daily – glass making (automotive, construction, etc.), ceramics, materials for metal makers, etc. The silica quartz is high purity (SiO2), along with feldspars (ceramics and glass making) and garnets (used as a premium abrasive). High purity sands are not commonly found.
MMI’s holding in the two projects is through Grand River Ironsands Incorporated (privately held), where MMI controls 44% of the shares.