Transnational Group, Inc. announced that the company has formed a joint venture with Lanix Exploration, Inc. called TAMG Minerals, Inc. to acquire the mineral and mining rights to develop one to three target claims located in Anaconda, Butte and Havre, Montana. The agreement provides for Transnational Group to own a 50% interest in the joint venture in return for providing capital necessary to acquire the mining rights and equipment to process and ship the titanium, iron and raw materials present on the Montana claims. Lanix Exploration will execute and oversee the project's permitting and mining operations. Lanix projects that titanium and iron ore tailings from the Anaconda claim, which is a former gold mine, could initially produce up to 1,000 tons of raw material per day.

This projected amount would generate approximately $1 million in monthly operating income or $12 million in annual operating income. These tailings are present on the surface or at shallow depths, greatly reducing the company's processing costs and Lanix estimates that the mine will be producing raw material within 90 days.