- Metalo Manufacturing Inc. (MMI) is advancing its plans for a near zero emissions metal manufacturing plant in addition to engaging in discussions to establish a ceramic tile manufacturing facility
- Plans for the new plant will be finalized once the Quebec government announces its carbon emissions trading scheme later this month
- Management is also in dialogue with technology providers to produce a glass product with an all-electric solution, reducing emissions to near zero
- Metalo Manufacturing is a mining and exploration company focused on the development of a pig iron plant
- Metalo Manufacturing Inc. (MMI) is down 20.0 per cent and is currently trading at $0.16 per share
Metalo Manufacturing (MMI) is advancing plans for a near-zero emissions metal manufacturing plant and is in discussions regarding a ceramic tile manufacturing facility.
Plans for the new plant will be finalized once the Quebec government announces its carbon emissions trading scheme later this month.
Considering the proposed Canadian carbon dioxide tax of $170 per tonne of CO2 by 2030, the value of tradeable carbon credits will have an impact on the final plant design.
Management is also in dialogue with technology providers to produce a glass product with an all-electric solution, reducing emissions to near zero. The fluvial sands at the company’s mining location in Labrador meet the specifications for glassmaking, fibreglass, and ceramic products.
The proposed ceramic tile manufacturer would be the only one in Canada using the confirmed grade of the feldspars found at the Labrador property.
Both glass making and ceramic tile making are energy-intensive globally, and replacing carbon fuels with clean and low-cost hydroelectricity will have a significant impact in meeting global demands for CO2 reductions.
Metalo Manufacturing is a mining and exploration company focused on the development of a pig iron plant.
This plant produces a high purity pig iron and will supply steel mills and foundries in North America.
Metalo Manufacturing Inc. (MMI) is down 20.0 per cent and is trading at $0.16 per share as of 3:21 pm ET.