Business Description Altair International Inc. was organized for the purpose of acquiring and exploring mineral properties, and has devoted substantial resources to the development and testing of mineral processing equipment for use in the recovery of fine, heavy mineral particles. Altair has also leased, and is exploring, approximately 14,000 acres of land near Camden, Tennessee (the Tennessee mineral property) to determine whether it would be amenable to large-scale mining for titanium and zircon. Altair has three wholly owned subsidiaries, Fine Gold Recovery Systems, Inc., Mineral Recovery Systems, Inc. (MRS) and 660250 Ontario Limited, and two indirect wholly owned subsidiaries, Altair Technologies, Inc. and Tennessee Valley Titanium, Inc. MRS holds, directly or indirectly, all of the Company's interest in the Tennessee mineral property, and the Company intends that MRS will continue to lease, or acquire and develop, mineral properties.
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