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Gold/Mining/Energy : Altair Nanotechnologies

ALTI 4.710

+1.5%

Jan 2 9:30 AM EST

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To: Rajiv who wrote (573)	4/4/1999 4:01:00 PM
From: Rajiv	of 603

SRIC to Prepare Update on Camden for Altair CODY, Wyo., April 1 /PRNewswire/ -- Altair International Inc. (Nasdaq: ALTIF - news) today announced it has engaged SRI Consulting (SRIC) to prepare a technical and economic assessment of its Camden, Tennessee titanium deposit. The study will update a prefeasibility assessment completed in 1998 and will consider current titanium and zircon markets as well as the impact of Altair's discovery of the Little Benton Deposit. As reported earlier, the discovery of the Little Benton deposit effectively doubles the company's estimated titanium resource. The updated assessment was recommended by Prudential Securities due to recent events in the titanium feedstock industry -- particularly the closure of Beenup, an Australian mine scheduled for 600,000 tons of production, and the DuPont commitment to not develop its proposed mine in Georgia. Prudential Securities is assisting Altair in exploring financing and strategic alternatives to enable the company to realize the full value of its Tennessee titanium deposits. The SRIC assessment is scheduled for completion during April 1999.

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