Haber Inc. has entered into a joint venture with GeoBASE Metals Corporation. Under the terms of the agreement, the joint venture will form a Zimbabwean Company, 'Haber GeoBASE Africa Minerals Company' ('HG'). Haber will grant to HG a non-exclusive, environmentally friendly, Haber Gold Process Four (HGP4) license and non-exclusive implementation and technology license for the STAMP program covering the African continent excluding Ghana and Tanzania. In exchange, GeoBASE will transfer title to HG on all its concessions located in Zimbabwe, Zambia and Botswana which includes hard rock and alluvial gold properties. Under the terms of the joint venture, each company will have an equal interest in HG, its assets and income. Haber will manage the STAMP program, and have exclusive control of all processing facilities required for minerals recovery. GeoBASE will be responsible for raising the funding necessary for each project. HG is responsible for exploration, mining and obtaining additional mineral claims, including diamond and molybdenum concessions, if and when, the appropriate opportunities arise. Haber retains the right to terminate the agreement if adequate funding is not raised within 6 months.

Haber Inc. announced that it has formed a wholly owned subsidiary incorporated in Delaware called 'EMP Diagnostics Inc.' ('EDI'). The business of the new company will focus on the application of Haber's Electromolecular Propulsion technology (EMP).

Haber Inc. announced that it has developed a low-cost process to treat sulfides in ores for use in conjunction with its proprietary gold extraction and recovery technologies and its 'Aladdin' ore processing machine. The company independently developed this sulfide reduction chemistry specifically to treat refractory sulfide ores. The presence of sulfides in gold ores tends to inhibit the extraction of gold from the ore and represents a processing problem common to the industry. Testing indicates that the Haber sulfide reduction process is superior in speed, cost and temperature range to many other existing techniques. This new approach is specifically designed for use with Haber's extraction and recovery formulations and with its 'Aladdin' machine.