Basanite, Inc. Stock

Basanite, Inc., through its wholly owned subsidiary, Basanite Industries, LLC, manufactures a range of green, sustainable, non-corrosive, lightweight, composite products used in concrete reinforcement by the construction industry. The Company’s core product includes BasaFlex, a basalt fiber reinforced polymer (BFRP) reinforcing bar (known as rebar). BasaFlex BFRP rebar is a corrosion proof, chemical, acid and moisture resistant material. Its two other main product lines are BasaMix, which are fine denier basalt fibers available in various chopped sizes, and BasaMesh, a line of Basalt Geogrid Mesh Rolls, intended to replace welded wire mesh (made of steel). BasaMix is designed to help absorb the stresses associated with early-aged plastic shrinkage and settlement cracking in concrete. BasaMesh is designed for secondary and temperature shrinkage reinforcement. BasaMesh can also work in conjunction with the BasaFlex rebar or BasaMix for a total reinforcement program.