Metalo Manufacturing Inc. (MMI) targets energy intensive sectors and ownership of the downstream production plants with near-zero CO2 emissions at the forefront of its business model. MMI is further dedicated to the integration of Canadian minerals and value-add through low-cost and clean electricity delivering the near-zero CO2 emissions with both of its current and privately held assets.
Pure Fonte Ltée: MMI continues to advance the measured development of a Green Pig Iron production plant for steel mills and foundries. This will be unique globally using hydrogen and hydroelectricity as the two sources 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 massive Mineral Sands resource near a 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. This is globally unique. Production Plants will see a Joint Venture structure with known operators applied for each production plant including sanitaryware, silicon carbide (made with a biomass), ceramic tiles and tableware, glass products (containers, vials, fibreglass, wool, etc.) and 3D printing for sand cast molds and silicon carbide components for the aerospace and automotive sectors. Canada is nearly 100% import dependent on glass and ceramic products worth $4 billion annually in import values, retail is obviously higher.
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. Both projects are poised to initiate permitting requirements this year.
MMI’s holding in the two assets is through Grand River Ironsands Incorporated (privately held), where MMI controls 44% of the shares.