Diversified Industries

Mag One Products Inc (MOPI) is not an exploration company as its principal business is the development and commercialization of technologies for the processing and production of magnesium (Mg) metal, Mg-related compounds, by-products and co-products from already mined, above ground serpentinite tailings.  MOPI’s goal is to become the lowest cost producer of Mg metal in the world by producing Mg at a price equivalent to Aluminum.  Mag One’s potential is evidenced by the fact that it has received support from both the Federal and Provincial governments and is in the process of negotiating further support.

Mag One has a strong management team and a world class technical team, led by Gillian Holcroft, Master’s in Chemical Engineering and 30 years of experience in the mining and metallurgical sector and technology commercialization.  Dr. Dreisinger, a world-renowned metallurgist, Dr. Zuliani a metallurgical executive with 30 years of experience in Mg metal production. The Quebec team includes the University of Sherbrooke and the Centre d’Innovation Miniere de la MRC des Sources (CIMMS) who worked with Mag One to build and operate a pilot facility to demonstrate the first phase of Mag One’s unique process.

Mag One’s pathway to commercialization involves building a modular 30,000 TPY high purity magnesium oxide (MgO) and amorphous silica production facility in 2021 followed by 5000 TPY Mg metal production modules. Subsequent modules will be financed from operating revenues until we are producing 1M TPY of Mg metal. 

The Fund is authorized to issue an unlimited number of transferable, redeemable units of one class. As the Fund is in the process of terminating, there are currently no redemption rights for unit holders. All units have equal rights and privileges, each of which represents an equal, undivided interest in the net assets of the Fund. Each whole unit is entitled to one vote at all meetings of unit holders and is entitled to participate equally with respect to any and all distributions made by the Fund and distributions upon the termination of the Fund.

Maxtech Ventures is a diversified investment corporation.

FF: M1NA    OTC Pinksheets: MTEHF

Metalo is an indirect 40% shareholder in a proposed US$408 million premium-purity pig iron smelter to be located in Quebec – targeting first production in early 2021. 

Additionally, it indirectly holds 40% of a mineral sands resource in Labrador which has the potential to produce at least 4 valuable minerals: silica quartz, feldspars, garnets, and iron ore. 

The proposed pig iron plant will be a global leader in managing emissions from its process using current and proven technologies.  It offers an attractive financing case and a strategic location, able to export premium grade pig iron to the Great Lakes or Europe markets – both markets import more than 500,000 tonnes of this grade annually.  The North American market imports approximately 5 million tonnes of pig iron per year, primarily for steel mills – the proposed plant for Quebec will produce 425,000 tonnes per annum. 

Metalo’s holding in the two projects is through the privately held Grand River Ironsands Incorporated, where Metalo controls 44% of the shares.