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Cotec Announces Exclusivity and Collaboration Agreement with Salter Cyclones for the Use of Its Multi-Gravity Technology for the Recovery Ultra Fine Iron and Manganese
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 27, 2025 / CoTec Holdings Corp. (TSXV...
About this update from Cotec Holdings Corp
[{"type":"text","content":"Cotec Announces Exclusivity and Collaboration Agreement with Salter Cyclones for the Use of Its Multi-Gravity Technology for the Recovery Ultra Fine Iron and ManganeseVANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 27, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (\"CoTec\") is pleased to announce the signing of a binding long-term exclusivity and collaboration agreement with Salter Cyclones Limited (\"Salter\") for the application of its Multi-Gravity Separators (MGS) technology for the recovery of iron ore and manganese from both primary mining and tailings material.Salter's MGS technology was originally developed in the 1980s by Richard Mozley and has been in operation for many years applied to the recovery of valuable metal minerals (tin, chromium, copper, zinc etc). Its application to bulk commodities such as iron and manganese has been limited.CoTec believes the technology could represent a step change in the bulk handling of iron and manganese tailings, offering the company the opportunity to produce high grade critical mineral iron and manganese concentrates from ultra fine tailings, material which is currently classified as waste and sent directly to tailings storage facilities.As part of the collaboration CoTec will have an Exclusivity Period for the application of the MGS to iron ore globally and manganese in the United States, South Africa and Brazil for three (3) years. This Exclusivity Period can be extended by achieving certain milestones. CoTec and Salter will actively collaborate on a asset-by-asset basis to apply the technology to identified iron and manganese assets.Julian Treger, CoTec CEO commented, \"We are very pleased to have entered into an agreement with Salter, a company that has a long history with the MGS technology. Our initial due diligence of the MGS has produced exciting results from our Lac Jeannine Project in Québec, Canada achieving concentrate grades of critical mineral status from ultra fine iron tailings.We plan to build on these results in the coming months supporting CoTec's strategy to become a leading supplier of high grade, low carbon, iron concentrate through the processing of tailings material. The application of the technology to manganese also offers us the opportunity to become a supplier of high-grade manganese concentrate to the steel industry and producers ...