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Friday, February 3, 2012

MHM Metals US Property Settlement

Yesterday MHM announced that they had settled on the purchase of their 115 acre industrial site in Russellville, Kentucky.

The final figure was $838,761 (which is probably an odd figure due to currency conversion). The announcement then does on to state that “The Company is in the process of finalising process plant design and costing, with a number of existing buildings on site expect to decrease both time and expense of plant construction.”

Furthermore, “The large land-holding provides ample opportunity for MHM to grow, and to accommodate additional associated technologies under development.”

Now it’s just a matter of getting the design completed, financing in place and building the thing.

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