Executive Summary

Fluormin (formerly Maghreb Minerals) is focused on acquiring a significant share of the international fluorspar market in order to be a supplier of choice to American and European customers of fluorspar and to provide such customers with security of supply, variety of product quality and potential freight advantages from multiple producing plants in different geographic locations. The Company has a controlling interest in Sallies, which has acidspar production capacity of approximately 135,000 tpa from the Witkop mine. The Directors are seeking to expand the production capability primarily through acquisitions, which may include raising funds through the capital markets.

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