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Home > News > Shareholder of Altair Nanotechnologies Calls for Termination of Mining

April 22nd, 2004

Shareholder of Altair Nanotechnologies Calls for Termination of Mining

Abstract:
Lou Schnur, a major shareholder of Altair Nanotechnologies, Inc., today called on Altair's directors to instruct management to immediately sell or mothball its chronically unprofitable mining operations and focus exclusively on nanotechnology opportunities. Schnur said, "The continuing costs to maintain mining personnel and
operations, together with attendant legal, accounting and shareholder solicitation costs necessary to implement a spin-off, are economic losers.

Source:
PRNewswire

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