The company has holdings in three entities which own rights to mining processes or technologies, and will seek to invest in others.

The investee entities are Afri-Pal, whose technology converts coal into water-resistant briquettes for commercial and residential use; Minex Technologies, which owns a vapour process for metallic extraction; and True North Drilling & Geological Services, which intends to provide drilling and geological services to mining companies in Canada.

Florida resident Jeffrey Michel is CEO of World Mining Services and also heads PLUS-listed Fundy Minerals, which is involved in the exploration of gold, diamond and base metals in Canada and Africa.

Fundy Minerals holds 49.5 per cent of the shares in World Mining Services, with Michel holding another 11.72 per cent in his own right.