Met-Solve Laboratories Inc. is a joint venture company 50% owned by Metals Finance Limited and Falcon Concentrators Inc. (Falcon), a manufacturer and supplier of specialty mineral recovery equipment based in Vancouver, Canada. Met-Solve leases a fully equipped Gravity Recovery, Mineral Processing and Hydrometallurgical laboratory. The purpose of the joint venture for Metals Finance Limited is to provide the Company with cost effective and timely services in testing and development of its mineral resource projects. As well as providing services directly to Metals Finance and Falcon, Met-Solve provides external services on a commercial basis to the mining industry.

The past six months has seen the establishment and growth of Met-Solve as a provider of specialist services to the resource industry. The business has now surpassed break even and is expected to yield an annual surplus for fiscal year 08/09. In addition to providing a growing contribution to Metals Finance’s overheads, activities in the laboratory on behalf of external clients are bringing projects to the attention of Metals Finance which may have potential for future development by the Company.

 

Met-Solve Laboratories website - www.met-solvelabs.com