UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

  [X]          QUARTERLY   REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
               SECURITIES  EXCHANGE ACT OF 1934 FOR THE  QUARTERLY  PERIOD ENDED
               SEPTEMBER 30, 1999

               TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
               SECURITIES  EXCHANGE ACT OF 1934 FOR THE  TRANSITION  PERIOD FROM
                                 TO
               -----------------    -----------------

                            ALTAIR INTERNATIONAL INC.
                            -------------------------

             (Exact name of registrant as specified in its charter)

      Province of
       Ontario,
        Canada                           1-12497                   None
----------------------------          ------------------    ------------------
(State or other jurisdiction         (Commission File No.)   (IRS Employer
 of incorporation)                                          Identification No.)




                         1725 Sheridan Avenue, Suite 140
                               Cody, Wyoming 82414
        -----------------------------------------------------------------
          (Address of principal executive offices, including zip code)

       Registrant's telephone number, including area code: (307) 587-8245






        Indicate by check mark whether the  registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. YES X NO.
                                             ---                ---


                          As  of  September  30,  1999,   the   registrant   had
15,424,915 Common Shares outstanding.


<PAGE>



PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.
<TABLE>

ALTAIR INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEETS
(Expressed in United States Dollars)
<CAPTION>

                                                                 September 30,     December 31,
                                                                      1999            1998
                                                                  (unaudited)      (audited)
                                                                  ------------    ------------
                                     ASSETS
<S>                                                               <C>             <C>
Current
     Cash and short-term investments                              $  2,881,625    $  3,100,577
     Other current assets                                               86,684         130,642
                                                                  ------------    ------------
                                                                     2,968,309       3,231,219

Capital
     Office equipment, vehicles, jigs and testing
          equipment  (Cost, net of amortization)                       638,627         462,417

Centrifugal jig patents and related expenditures
     (Cost, net of amortization)                                     3,366,729       3,609,024

Mineral properties and related deferred exploration
     expenditures                                                    1,884,940       1,399,802

Goodwill, net                                                            9,135           9,590
                                                                  ------------    ------------
Total Assets                                                      $  8,867,740    $  8,712,052
                                                                  ============    ============
                                  LIABILITIES
Current
     Accounts payable and accrued liabilities                     $     14,648    $    165,979
     Current portion of notes payable                                   67,442          73,533
                                                                  ------------    ------------
                        Total Liabilities                               82,090         239,512
                                                                  ------------    ------------

                              SHAREHOLDERS' EQUITY
Capital stock issued
     15,424,915 common shares at September 30, 1999; 15,174,915
          shares at December 31, 1998                               18,212,463      16,462,463
                                                                  ------------    ------------
Contributed Surplus                                                    655,098         655,098
                                                                  ------------    ------------
Deficit
     Balance, beginning of period                                   (8,645,021)     (6,303,879)
     Accretion of equity element of convertible debentures                --          (144,801)
     Premium on conversion of convertible debentures                      --          (244,915)
     Convertible debenture issuance costs                                 --           (21,887)
     Capital stock issuance costs                                      (87,500)           --
     Net loss for the period                                        (1,349,390)     (1,929,539)
                                                                  ------------    ------------
     Balance, end of period                                        (10,081,911)     (8,645,021)
                                                                  ------------    ------------
Total Shareholders' Equity                                           8,785,650       8,472,540
                                                                  ------------    ------------

Total Liabilities and Shareholders' Equity                        $  8,867,740    $  8,712,052
                                                                  ============    ============
</TABLE>

                                       2
<PAGE>
<TABLE>

                           ALTAIR INTERNATIONAL INC.
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                      (Expressed in United States Dollars)
                                  (Unaudited)
<CAPTION>

                                            Three Months Ended             Nine Months Ended
                                                 September 30,                 September 30,
                                          --------------------------    -------------------------
                                            1999           1998           1999           1998
                                          -----------    -----------    -----------   -----------

Operating Expenses
<S>                                       <C>            <C>            <C>            <C>
     Testing, research and development    $    25,349    $   101,526    $   167,445    $   235,217
     Wages and administration                  64,896         83,048        280,598        165,309
     Professional fees                         98,908         54,908        154,432        188,052
     Shareholder relations                     52,914         34,202        167,001         99,044
     Shareholders' meetings and reports         5,701          6,831         86,071        115,603
     General and office                        15,585         30,025         91,188         73,202
     Travel                                    12,922         34,342         66,799         68,388
     Occupancy costs                           17,451         17,343         52,153         51,895
     Stock exchange fees                         --          (16,498)        18,505         62,177
     Insurance                                 13,024          9,563         42,316         45,138
     Government fees and taxes                     95           --           14,211         23,038
     Loss (Gain) on foreign exchange            3,192          7,510           (183)        15,232
     Transfer agent's fees                      1,872          8,294          3,195         12,999
     Corporate services                         3,873          2,081          8,102         7,325
     Bank charges                                 316            543            903         1,868
     Loss on disposal of fixed assets            --           (2,472)          --           1,945
     Amortization                             105,346        141,976        309,528       461,353
                                          -----------    -----------    -----------   -----------

                                              421,444        513,222      1,462,264     1,627,785
Interest expense                                 --            5,629          1,966        32,165
Interest income                               (38,993)       (99,834)      (114,840)     (318,492)
Premium on redemption of convertible
  debentures                                     --          193,256           --         193,256
                                          -----------    -----------    -----------   -----------
Net loss for the period                   $   382,451    $   612,273    $ 1,349,390   $ 1,534,714
                                          ===========    ===========    ===========   ============
Basic loss per share                      $      0.03    $      0.04    $      0.09   $      0.10
                                          ===========    ===========    ===========   ============

</TABLE>

                                       3
<PAGE>


<TABLE>

                           ALTAIR INTERNATIONAL INC.
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                      (Expressed in United States Dollars)
                                  (Unaudited)
<CAPTION>

                                Nine Months Ended
                                  September 30,
                                                       ---------------------------
                                                            1999          1998
                                                       -----------    ------------
<S>                                                    <C>            <C>
Cash flows from operating activities
     Net loss for the period                           $(1,349,390)   $(1,534,714)
     Adjustment to reconcile net loss for the period
          to net cash used:
               Amortization                                309,528        461,353
               Loss on disposal of fixed assets               --            1,945
                                                       -----------    ------------
                                                        (1,039,862)    (1,071,416)
     Changes in assets and liabilities:
          Other current assets                              43,958       (102,902)
          Accounts payable and accrued liabilities        (151,331)       (95,746)
                                                       -----------    ------------
Net cash used in operating activities                   (1,147,235)    (1,270,064)
                                                       -----------    ------------

Cash flows from investing activities
     Purchase of mineral properties and related
          deferred exploration expenditures               (485,138)      (531,889)
     Purchase of capital assets                           (241,141)       (28,833)
     Purchase of centrifugal jig patents and related
          expenditures                                      (1,847)       (38,822)
                                                       -----------    ------------
Net cash used in investing activities                     (728,126)      (599,544)
                                                       -----------    ------------
Cash flows from financing activities
     Issuance of common shares for cash                  1,750,000        113,664
     Payment of notes payable                               (6,091)      (206,700)
     Convertible debenture issuance costs                     --          (22,702)
     Capital stock issuance costs                          (87,500)          --
     Redemption of convertible debentures                     --       (2,357,682)
                                                       -----------    ------------
Net cash provided by (used in) financing activities      1,656,409     (2,473,420)
                                                       -----------    ------------
Net decrease in cash and short-term investments           (218,952)    (4,343,028)

Cash and short-term investments, beginning of period     3,100,577      8,161,770
                                                       -----------    ------------
Cash and short-term investments, end of period         $ 2,881,625    $ 3,818,742
                                                       ===========    ===========
</TABLE>

                                       4
<PAGE>


                            ALTAIR INTERNATIONAL INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

Note 1.  Basis of Preparation of Financial Statements

         These unaudited  interim financial  statements of Altair  International
Inc. and its  subsidiaries  (collectively,  the "Company") have been prepared in
accordance  with the rules and  regulations of the United States  Securities and
Exchange  Commission (the  "Commission").  Such rules and regulations  allow the
omission of certain  information and footnote  disclosures  normally included in
financial  statements  prepared in accordance with generally accepted accounting
principles,  so long as the  statements  are not  misleading.  In the opinion of
Company  management,  these financial  statements and accompanying notes contain
all adjustments  (consisting of only normal recurring  adjustments) necessary to
present fairly the financial  position and results of operations for the periods
shown. These interim financial statements should be read in conjunction with the
audited financial statements and notes thereto contained in the Company's Annual
Report  filed on Form 10-K for the year ended  December  31, 1998 filed with the
Commission on March 18, 1999.

         The Company is an Ontario  corporation  and, in the past,  has prepared
its interim and year-end  financial  statements  in  accordance  with  generally
accepted  accounting  principles  in  Canada  ("Canadian  GAAP").   Because  the
Company's  operations are centered in the United States,  the Company determined
effective  January 1, 1997 that its functional  currency is the U.S.  Dollar and
determined effective January 1, 1998 to prepare its interim financial statements
in accordance with accounting principles generally accepted in the United States
("U.S. GAAP"). Accordingly, the foregoing unaudited interim financial statements
are denominated in U.S. Dollars and presented in accordance with U.S. GAAP.

         The results of operations for the  three-month  and nine-month  periods
ended  September  30, 1999 are not  necessarily  indicative of the results to be
expected for the full year.

Note 2.  Capital Stock

         During the three months ended  September 30, 1999,  options to purchase
50,000  common  shares of the Company  ("Common  Shares") were issued to service
providers  at prices equal to the market price on the Nasdaq Stock Market on the
day prior to the date of  issuance.  During the same  period,  no  options  were
exercised. As of September 30, 1999, options to purchase 2,315,000 Common Shares
were outstanding.

                                       5
<PAGE>


Note 3.  Development Stage Company

         As of  September  30, 1999,  the Company  would be  characterized  as a
development stage enterprise under Statement of Financial  Accounting  Standards
No. 7 ("SFAS 7"). The following is a summary of the deficit  accumulated  during
the development stage prepared in accordance with SFAS 7:

                                                      Accumulated deficit
                                                          during the
                                                       development stage
                                                       -----------------
Professional fees                                       $  1,506,645
Salaries and wages                                         2,152,827
Shareholders' expenses                                     1,079,681
Office and general                                         2,268,366
Loss on sale of mining claims                                101,047
Amortization                                               1,847,080
Interest on long-term debt                                    97,001
Write off of mineral properties and related
     deferred exploration expenditures                     1,292,354
Write off of organization costs                                8,563
                                                       -----------------
                                                          10,353,564
Less:
     Interest income                                        (561,449)
     Gain on sale of marketable securities                   (35,773)
     Lease payments                                         (143,754)
     Gain on forgiveness of debt                            (728,531)
     Option payments                                         (70,906)
                                                       -----------------
Total accumulated loss                                     8,813,151
Convertible debenture costs                                  537,731
Share issue costs                                            148,057
Accretion of equity element of convertible debentures        144,801
Premium on conversion of convertible debentures              244,915
Premium on redemption of convertible debentures              193,256
                                                       -----------------
Accumulated deficit, September 30, 1999                 $ 10,081,911
                                                       =================


                                       6
<PAGE>



ITEM 2.        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                       AND RESULTS OF OPERATIONS

         The  following  discussion  summarizes  the  material  changes  in  the
Company's  financial  condition between December 31, 1998 and September 30, 1999
and the material changes in the results of operations and financial condition of
the Company  between the three- and nine-month  periods ended September 30, 1999
and September  30, 1998.  This  discussion  should be read in  conjunction  with
Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations  included in the  Company's  Annual  Report on Form 10-K for the year
ended December 31, 1998.


Results of Operations

         The Company has earned no operating  revenues to date. Basic net losses
totaled $1,349,390 ($.09 per share) for the nine months ended September 30, 1999
and  $1,534,714  ($.10 per  share)  during  the same  period of 1998.  Principal
factors  contributing  to the losses  during  these  periods were the absence of
revenue together with the incurrence of operating expenses.

         Nine-Month  Periods  Ended  September  30,  1999  and  1998.  Operating
expenses for the nine months ended September 30, 1999 decreased by $165,521 from
the  nine-month  period ended  September 30, 1998.  Included in this amount is a
decrease in  amortization  expense of $151,825  which  resulted  from a two-year
extension in the life of the centrifugal jig patents.  Amortization  expense has
been reduced to account for the longer lives of the patents.  Testing,  research
and  development  decreased by $67,772,  principally  due to a decrease in funds
expended on testing and  development  of the  centrifugal  jig.  Although  these
efforts are  continuing at a reduced  level,  the Company is  concentrating  its
resources on the development of its Tennessee mineral properties and these costs
are largely recorded on the Consolidated  Balance Sheets as "Mineral  properties
and related deferred exploration expenditures." Stock exchange fees decreased by
$43,672 from the same period in 1998.  In January  1998,  the  Company's  common
shares were initially  listed on the Nasdaq  National  Market System and certain
initial  listing fees were incurred.  Similar fees were not incurred  during the
nine months ended  September  30, 1999. In addition to this,  professional  fees
declined by $33,620, principally due to a decrease in legal fees associated with
external financing and regulatory compliance,  and a decrease in consulting fees
related to external financing.

         These decreases in expense were partially  offset by increases in other
expense categories.  Wages and administration expense increased by $115,289 over
the same period in 1998 due to the  addition of five new  employees  in the Reno
office  which  occurred  in  February,  April  and  July,  1998  and  May  1999.
Shareholder  relations  expenses  increased  by $67,957  over the same period in
1998, as the Company has increased its efforts to develop and maintain  investor
contacts.

         Interest  income for the  nine-month  period ended  September  30, 1999
decreased  by  $203,652  from the same  period in 1998 due to a decrease  in the
amount of cash invested in temporary investments following the redemption of the
Company's convertible debentures in August 1998.

         Three-Month  Periods  Ended  September  30,  1999 and  1998.  Operating
expenses for the three months ended September 30, 1999 decreased by $91,778 from
the  comparable  period of 1998.  This  decrease was  primarily  the result of a
decrease in testing, research and development expense of $76,177, which decrease
was  principally due to a reduction of funds expended on testing and development
of the  centrifugal  jig. In  addition,  the Company  experienced  a decrease in
amortization  of  $36,630  caused  by a  two-year  extension  in the life of the
centrifugal jig patents.

         These  decreases  in  expense  between  the  three-month  period  ended
September  30, 1999 and the  three-month  period ended  September  30, 1998 were
partially  offset  by  increases  in  other  expense   categories,   principally
professional fees, which increased by $44,000 over the same period in 1998. This
increase  was due to an  increase  in legal fees  incurred  to  enforce  certain
provisions  of a  services  agreement  the  Company  entered  into with  another
corporation.

                                       7
<PAGE>

         Interest  income for the  three-month  period ended  September 30, 1999
decreased  by  $60,841  from the same  period in 1998 due to a  decrease  in the
amount of cash invested in temporary investments following the redemption of the
Company's convertible debentures in August 1998.


Liquidity and Capital Resources

         The Company has earned no revenues to date and has  incurred  recurring
losses. At December 31, 1998 the Company's  accumulated  deficit was $8,645,021.
The deficit increased by $1,436,890 to $10,081,911  during the first nine months
of 1999,  due to the net loss for the period of  $1,349,390  and  capital  stock
issuance costs of $87,500.

         On September 23, 1999, the Company entered into a Letter Agreement with
respect to a proposed acquisition by the Company of certain proprietary titanium
processing  technology and related equipment from a major international  mineral
processing  group.  The  Company  believes  that  the  technology  has  economic
potential in its own right, but may also complement the Company's development of
its Tennessee mineral property. The Company is negotiating a definitive purchase
agreement and related  documents  with respect to its proposed  purchase of such
titanium processing technology and related equipment. The Company can provide no
assurance  that  any  such  definitive  purchase  agreement  will  be  executed;
nevertheless,  the Company is optimistic  that a definitive  purchase  agreement
regarding its purchase of such titanium  processing  technology may be completed
and signed in mid-November 1999.

         The Company  also  continues  to use its working  capital to invest its
mineral properties located in or around Benton County,  Tennessee and near Ione,
California and in the testing and development of the Altair Centrifugal Jig (the
"Jig").  The Company is proceeding with the development of the Tennessee mineral
property  and intends to complete a final  feasibility  study (the  "Feasibility
Study") by the end of 2000 at a cost of approximately  $5.5 million.  During the
first nine months of 1999, the Company  invested  $485,138 in the exploration of
its Tennessee and  California  mineral  properties.  The Company has built three
Series 30 Jigs to be used for bulk  sample  testing at the  Company's  Tennessee
mineral property or for potential commercial installation. During the first nine
months of 1999,  the  Company  invested  $97,423 in  development  of the Jig and
$188,458 in construction of additional Jigs.

         The  Company  currently  maintains  working  capital  which  management
believes will be sufficient to complete the first phase of the Feasibility Study
and fund the current level of operations  through the second quarter of the 2000
fiscal year. However, additional capital resources in the estimated amount of $5
million  will be required to complete  the  Feasibility  Study.  Moreover,  if a
definitive  purchase  agreement  regarding the Company's  acquisition of certain
titanium  processing  technology is finalized and executed,  additional  capital
resources  will  likely  be  required  in  connection  with  such   acquisition.
Management  intends to access equity and/or debt financing sources to meet these
requirements but can provide no assurance that the Company will be able to raise
adequate  amounts of capital on acceptable  terms in order to fund its long-term
capital requirements.

         The Company has financed its operations  since  inception  primarily by
the  issuance  of  equity   securities  and  convertible  debt  (common  shares,
convertible debentures, and options and warrants to purchase common shares) with
cumulative  aggregate net proceeds of  $18,867,561 as of September 30, 1999. The
Company  received cash  proceeds of  $1,662,500  from sales of common shares and
warrants  during the first nine  months of 1999.  At  September  30,  1999,  the
Company had $2,881,625 in cash and short-term  investments available to meet its
near-term development and operating needs.

Forward-Looking Statements

         This Quarterly Report on Form 10-Q contains forward-looking  statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the  Securities  Exchange Act of 1934, as amended.  Statements in
this report regarding the sufficiency of the Company's working capital, plans to
raise additional capital,  development of the Jig or any mineral properties, the
value of the titanium processing technology the Company proposes to purchase and
any future acquisition activities are forward-looking statements.  Words such as
"expects",  "intends",  "believes",  "anticipates"  and "likely"  also  identify
forward-looking  statements.  Actual results could differ  materially from those
anticipated  for a number of reasons,  including,  among others,  the unforeseen
need for and/or inability to raise capital for: (i) testing and development of


                                       8
<PAGE>


the  Tennessee  mineral  property  and the Jig,  (iii)  funding the  purchase of
mineral processing equipment or technologies,  including the titanium processing
technology being considered by the Company,  or (iii) investing in other ongoing
or new projects.  In addition,  the Company's  proposed  acquisition of titanium
processing technology and assets may not be finalized or, even if finalized, the
acquired technology and assets may be ineffective or otherwise  valueless.  Such
Risk factors, cautionary statements and other conditions that could cause actual
results to differ are contained in the Company's filings with the Securities and
Exchange Commission,  including the Company's Annual Report on Form 10-K for the
year ended December 31, 1998.


9
<PAGE>



                           PART II - OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K

(a)      See Exhibit Index attached hereto.

(b)      No reports on Form 8-K have been filed during the third  quarter of
1999.

                                       10
<PAGE>


                                   SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                         Altair International Inc.



           November 12, 1999             By: /s/ William P. Long
           -----------------                 --------------------
                 Date                    William P. Long, President



          November 12, 1999              By: /s/ C. Patrick Costin
          -----------------                  ----------------------
                Date                     C. Patrick Costin, Vice-President
                                         (Principal Financial
                                         or Accounting Officer)

                                       11
<PAGE>

<TABLE>
<CAPTION>

                                  EXHIBIT INDEX



                  Exhibit                                                                 Incorporated           Filed
                   No.                   Exhibit                                          By Reference           Herewith
                   ---                   -------                                          ------------           --------

                  <S>          <C>                                                             <C>                <C>
                  3.1          Articles of Incorporation of the Registrant                     (1)

                  3.2          Amendment to Articles of Incorporation of the                   (2)

                  3.3          Bylaws of the Registrant                                        (1)

                  4.1          Form of Common Stock Certificate                                (1)

                  4.2          Form of Warrant related to Covertible Debentures                (3)

                  4.3          Form of Series J Warrant                                        (4)

                   27          Financial Data Schedule                                                             (5)

</TABLE>





(1)  Incorporated  by  reference to  Registration  Statement on Form 10 SB filed
     with the Commission on November 25, 1996.

(2)  Incorporated by reference to Amendment No. 1 to  Registration  Statement on
     Form 10 filed with the Commission on December 23, 1996.

(3)  Incorporated  by reference to the Current Report on Form 8-K filed with the
     Commission  on January 13, 1998,  as amended by Amendment  No. 1 to Current
     Report on Form 8-K/A filed on January 21, 1998.

(4)  Incorporated  by reference to the Quarterly  Report on Form 10-Q filed with
     the Commission on May 5, 1999.

(5) Filed herewith.
                                       12