Metalo's principal focus is an investment in the development and construction of a pig iron manufacturing plant to produce high purity pig iron for steel mills and foundries. MMI is a 44.34% shareholder of Grand River Ironsands Incorporated ("GRI"). GRI owns a 60% interest in North Atlantic Iron Corporation ("NAIC"). NAIC's business emphasis is to build a plant for the manufacturing of pig iron. NAIC also owns mining rights for an iron ore resource in Happy-Valley Goose Bay, Newfoundland and Labrador.
