Mucinno Holding, Inc.
MCNO
Other OTC0.00
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Mucinno Holding, Inc.
MCNO
(Other OTC)
Recent
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ROIC.AI
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- Business
- Mucinno Holding, Inc. (MCNO) operates as a mining and logistics company focused on the extraction, processing, recycling, and transportation of silica sand and related aggregates for the cement and construction industries; it provides collection services for foundry residuals, material cleaning and screening, temporary storage, distribution of high-quality silica sand, transportation of minerals, minerals exploitation, and sale of byproducts including iron, refractory brick, coal, mineral slag, and graphite. The company owns and operates two silica sand mines—one in central Mexico processing foundry residuals and another open-sky mine of 102 hectares in southeast Mexico (Tabasco state)—along with a fleet of 25 transport trucks and heavy-duty equipment to deliver full-service logistics to clients. Targeting major cement producers such as CEMEX, Holcim, Minera Autlan, and Amsted Rail, Mucinno serves the construction and metalworking sectors primarily in central and southeast Mexico through its wholly owned subsidiary, Promotora Mexicana de Vehiculos S.A. de C.V.. Founded in 1995 as Colorado Ceramic Tile, Inc. in Colorado, the company underwent multiple name changes—including to Nano Labs Corp. in 2012 and Mucinno Holding, Inc. in April 2012—along with state reincorporations between Colorado and Wyoming, before completing a reverse share exchange in February 2020 with Promotora that shifted its focus to mining and transport; it is headquartered in Detroit, Michigan, with principal operations in Tepeapulco, Hidalgo, Mexico. Recent developments include a significant contract signed in 2022 with CEMEX S.A.B. de C.V. to supply 100,000 tons of recycled silica sand annually through October 2024 (with renewal option) and transport services using 12 units; a three-year $1.5 million renewal with ASF-K de México for collection and transport of 690,000 tons of silica sand molds tied to the Mayan Train project; affiliation with the United Nations Global Compact for sustainability; the southeast mine launch in December 2020 to expand capacity; and transport fleet growth from 6 to 25 units amid rising demand, supporting revenue increases of 190% in Q2 2022 and 300% in Q1 2022 and full-year 2021 over prior periods.