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Exhibit 10(A) - Material Contracts

                               LOAN AGREEMENT



1.   BORROWER:  Metal Recovery Technologies, Inc. (MRTI) (hereinafter called
     "Borrower"), a Delaware corporation.

2.   LENDER:                                      (hereinafter called "Lender")

3.   AMOUNT:   a loan not exceeding US $     (            US Dollars) to assist 
     MRTI (Borrower) to finance its subsidiary MRIUS, Inc.

4.   SECURITY:

          a)  The borrower will grant to the lender a first secured interest in
          100% of the share capital of its subsidiary MRI(US), Inc.  The 
          borrower will provide the share certificate of its subsidiary to the
          lender together with a signed transfer of its 100% interest in the 
          shares of its subsidiary prior to any loans being made.

          b)  The borrower will, upon receipt of any loan from the lender, enter
          into a loan agreement with its subsidiary MRI(US), similar to this 
          agreement.  The subsidiary, MRI(US) will have loan obligations to its
          parent company equal to those of MRTI to the lender.  MRTI will as 
          part of this agreement assign the rights to collect such loan to the 
          lender with the express purpose of giving the lender a secured 
          interest in the assets of the subsidiary MRI(US), Inc. 

5.  DRAWDOWN:  Drawdown to be denominated in US Dollars and to be in such
amounts as are agreed from time to time the Lender and the Borrower (subject to
the maximum herein before specified).  Each drawdown shall be treated as a
separate advance and shall be repayable not later than twelve (12) months after
the date of drawdown of such particular advance.

6.   INTEREST: 
     
          a) The interest rate for each advance shall be 10% per annum and shall
          be deemed to accrue from day to day.

          b) Interest shall be payable annually, on the anniversary hereof.

          c) Any interest period which would otherwise terminate on a day which
          is not a business day shall be extended to the next following business
          day.

          d) Interest will be calculated on the basis of a 365 day year.
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          e)  Overdue advances will be rolled over on a day to day basis after
          the maturity date following which interest will be charged at 12% 
          per annum.

7.   NOTICE OF DRAWDOWN:  The Borrower shall give at least 24 hours notice of
     drawdown in writing or by telefax which shall be irrevocable unless the
     Lender agrees otherwise.

8.   PAYMENTS:   All payments by the Borrower of principal and interest will be
     made no later than 11 a.m. on the day on which repayment should be effected
     to an account specified by the Lender.

9.   WARRANTIES:  The Borrower warrants that:

     a)It has the power to borrow and its subsidiary MRI(US), Inc. has the power
     to borrow and has taken all necessary action to authorize the borrowing
     upon the terms and conditions of this loan agreement and that drawings made
     hereunder will not exceed authorized limits.

     b)It is not in default under any agreement, document or other obligations
     where such default might have a material adverse affect on its business,
     assets or trading conditions taken as a whole.

     c)It has obtained all necessary consents to the borrowing and the borrowing
     will not constitute a breach of any restrictions contained in its by-laws
     of certificate and incorporation.

     d)The acceptance of this offer by the Borrower constitutes a legally
     binding obligation on the Borrower enforceable in accordance with its terms
     and there are no actual, pending or threatened actions or proceedings which
     may materially adversely affect its financial condition or operation.

These warranties are deemed to be given in respect of each drawdown of the
facility hereby granted.

10.  TERMINATION:  The Lender shall have the right to terminate this facility
     and demand repayment of advances and payment of accrued interest if:

     a)   the Borrower makes any default in any payments hereunder;

     b)   any advance to the Borrower becomes repayable at a date earlier than
          its normal due date;

     c)   the warranties prove inaccurate in a material way; or

     d)   a default as specified in clause 11 shall occur.

11.  COVENANTS:  The Borrower hereby covenants and undertakes with the Lender
     that until all amounts whether in respect of principal or interest due or
     to become due under this facility have been paid in full to the Lender:
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     a) to furnish to the Lender as soon as practicable and in any event not
     later than 90 days after the close of each annual accounting period a copy
     of its audited consolidated accounts for each period;

     b) to furnish to the Lender as soon as practicable and in any event not
     later than 45 days after the close of each quarterly accounting period a
     copy of its management accounts together with quarterly management reports;

     c) not to enter into any transaction which in the reasonable opinion of the
     Lender would or might materially adversely affect its business, property,
     assets, operation, financial condition or the Borrower's ability to perform
     its obligations hereunder; or

     d) will not amend its corporate charter in a manner which in the reasonable
     opinion of the Lender would be prejudicial to the interest of the Lender.

     e) not to use any of the loaned funds for any purpose other than for
     investment in its subsidiary  MRI(US), Inc.  Under no circumstances are any
     of the funds to be invested in Malvy Technology, or for the repayment of
     any liabilities the corporation has to Jack Alexander to redemption of A
     Preference shares or payments to entities connected with Jack Alexander or
     any other obligations of the corporation.

     f) will retain corporate separation of the MRI(US) subsidiary and will not
     permit guarantees, cross guarantees or any other confusion to occur which
     would give rise to any creditors of MRTI having any claim over the assets
     of MRI(US), Inc.

12.  EVENTS OF DEFAULT:  Each of the following shall constitute an event of
     default:

     a) If the Borrower defaults in the repayment of the principal or interest
     due on the advances and such default continues for five (5) business days
     after notice.

     b) If any indebtedness or obligation of the Borrower for payment of 
     borrowed money becomes due and payable and is demanded by the lender 
     thereof prior to the specified maturity date thereof, due to any default 
     on the part of the Borrower or is otherwise not paid when due.

     c) If any representation or warranty made by Borrower proves to have been
     materially untrue and inaccurate.

     d) Borrower files a voluntary petition for relief under any chapter of the
     U.S. Bankruptcy Code, or under any state debtor's act law, or if such a
     petition is filed against Borrower under the Code or any such law and is
     not stayed or dismissed within 30 days.

     e) If the Borrower ceases or threatens to cease to carry on its business or
     any part thereof or changes the nature of its business or any part thereof
     material to the Borrower which would in the opinion of the Lender affect
     its ability to discharge its commitments under this facility.
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     f) If any distress, execution, sequestration attachment or other process is
     levied or enforced upon or sued out against the Borrower for an amount in
     excess of $25,000 and is not discharged or bonded within seven days.

     g) If the Borrower enters into any arrangement or composition with its
        creditors.

     h)If encumbrances take possession of or a receiver or trustee is appointed
     over any material portion of the assets of the Borrower.

     i)  If in the opinion of the Lender there has occurred a material or 
adverse change in circumstances affecting the Borrower which would in the 
Lender's sole opinion affect the ability of the Borrower to discharge its 
commitments under this facility.

     j) The Lender reserves the right to review or revoke the maintenance of 
     this facility herein contained should further information material to the
     facility and which might be prejudicial to the Lender's interest become
     available.
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10.  CONVERSION OPTION:

     a) The Lender shall on the occasion of each drawdown of the facility have
     the option of subscribing for common shares of the Borrower at a conversion
     price of one share for each $    of loan previously advanced or to be
     advanced, which price shall be paid by reducing Borrower's then outstanding
     indebtedness to Lender, as set forth below.

     b) The said option may be exercisable at  any time during the period when
     this facility shall remain extant or the indebtedness incurred hereunder
     shall remain outstanding and unpaid.

     c) The said option may be exercised by notice in writing from the Lender to
     the Borrower to that effect specifying the amount of advances to be paid by
     issuance to Lender of shares of common stock of the Borrower.

     d) Such shares shall be issued pursuant to Regulation S of the U.S.
     Securities and Exchange Commission, and subject to all terms and conditions
     thereof.

14.  NOTICES:

The address of the Borrower for purposes of serving all notices hereunder shall
be the address set forth above, unless and until Borrower notifies Lender of
another address by written notice given by certified U.S. mail, postage prepaid,
return receipt requested.

Should the terms and conditions of this offer be acceptable to you please
evidence your acceptance by signing the form of acceptance endorsed on the copy
of this letter enclosed and returning it to us together with:

     1) Certified copy of the Certificate of Incorporation of the Borrower.



                                               Yours faithfully,



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Accepted:  Metal Recovery Technologies, Inc.      For and on behalf of



By:  
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Dated:  
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