Metalo Manufacturing Inc.
Metalo Manufacturing Inc. (MMI) targets energy intensive sectors and the ownership of downstream production facilities with near-zero CO2 emissions as the driving force behind their modeling.
Further, MMI is dedicated to the integration of Canadian minerals and value-add through low-cost and clean electricity.
MMI is currently a large shareholder in two development projects:
Pure Fonte Ltée: MMI continues to advance the measured development of a Pig Iron production plant for steel mills and foundries. This will be unique globally using hydroelectricity as the source of energy, with near-zero CO2 emissions. Electric Arc Furnace steel mills and iron foundries committed to lowering their CO2 footprint will benefit from this midstream material. Additionally, the plant has been engineered to be converted to making a green steel if required.
Labrador Sands Inc: MMI’s second asset is a mineral sands resource near a Canadian seaport with two key and low-cost minerals (feldspars and silica quartz) and their confirmed grades and uses to make glass and ceramic products. The sands will be combined with low-cost and clean electricity to produce a range of energy -intensive products with near-zero CO2 emissions. Production Plants will see a joint venture structure with known operators applied for each production plant including sanitary ware, silicon carbide (made with a biomass), ceramic tiles and tableware, glass products (containers, vials, fiberglass, wool, etc.) and 3D printing. Canada is nearly 100% import dependent on these products.
Collectively, more than $50 million has been invested in assessing and defining market solutions. One asset has a Bankable Feasibility Study and the other a Preliminary Economic Assessment.
MMI’s holding in the two projects is through Grand River Ironsands Incorporated (privately held), where MMI controls 44% of the shares.
Metalo Manufacturing Inc. (MMI)
Le 6 décembre/December 2021
Effective immediately, Metalo Manufacturing Inc. will be reinstated for trading.
The Company has rectified the default situation that gave rise to the suspension.
Avec effet immédiat, Metalo Manufacturing Inc. sera réintégré aux fins de négociation.
La Société a rectifié la situation de défaut ayant donné lieu à la suspension.