NOTE 6 - SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2022

Notes

NOTE 6 - SUBSEQUENT EVENTS

NOTE 6 – SUBSEQUENT EVENTS

On August 3, 2022 the Company entered into a Master Purchase Agreement with a company in Sharjah, United Arab Emirates who have agreed to purchase approximately 50 container of scrap metal for the next 12 months. The first shipment against this agreement is ready, the vessel is expected to sail by end of August 2022. The total value of the contract is approximately $1,000,000.

The Company concluded another Master Purchase Agreement dated August 12, 2022 whereby a bonafide international trading company based out of London, U.K. has agreed to purchase 45,000 MT of Heavy Melting Scrap ISRI 202  (80/20) ½  and  ISRI 211 shredded steel. The transaction entails payment via sight letters of credit issued by first class international banks. The Company has identified stockpiles and is negotiating with the Sellers. Simultaneously, the Company is trying to secure lines of credit for purchase of material. The value of the contract is approximately $14 million.