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Metalo Manufacturing Inc.

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

 

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.   

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Metalo Manufacturing Inc. (MMI)

SEDAR Information

Company Info

Address
1600-141 Adelaide Street
N/A
Toronto, ON M5H 3L5
Canada
Phone
1-902-233-7255
Email
liz@metalo.ca
Website
http://www.metalo.ca
Listing date
Thursday, March 29, 2012
Investor Relations
Liz MacKenzie
Auditor
PricewaterhouseCoopers LLP

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Capitalization

Issued & Outstanding: 
18,053,395
Reserved for Issuance: 
3,450,203

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