Business
CoTec Holdings Corp. Announces Proposed Change of Business Transaction
Transition To Investment Issuer Focused on Disruptive Technologies in the Mineral Extraction...
About this update from Cotec Holdings Corp
[{"type":"text","content":"CoTec Holdings Corp. Announces Proposed Change of Business TransactionTransition To Investment Issuer Focused on Disruptive Technologies in the Mineral Extraction IndustryVANCOUVER, BC / ACCESSWIRE / December 10, 2021 / Cotec Holdings Corp. (TSXV:CTH.H) (\"CoTec\" or the \"Corporation\") is pleased to announce a proposed change of business from mineral exploration to an investment issuer (the \"Proposed COB\") under the rules of the TSX Venture Exchange (\"TSXV\").Subject to the receipt of all necessary regulatory and shareholder approvals, including approval by the TSXV of the Proposed COB, following completion of the transactions described below (the \"Proposed Transactions\"), the Corporation intends to become a Tier 2 Investment Issuer focused on investments in disruptive technologies in the mineral extraction industry.Julian Treger, Chief Executive Officer designate and a director of the Corporation, commented: \"We are very pleased to announce the proposed change of business to become an Investment Issuer. Historically, the extractive industry sector has been reluctant to embrace innovation, and is on the cusp on of transformational changes spurred on by the emergence of exciting new technologies and an ever growing focus on ESG matters by investors, regulators and governments.\"These changes, in our view, will lead to a rapid adoption of new technologies across the industry, resulting in harvesting of commodities contained in stockpiles, dumps and heaps which have been previously considered uneconomic and increased recycling opportunities. And it will help transform primary deposits previously considered uneconomic into commercially viable enterprises. In turn, this will generate a significant supply of materials which will help to address the anticipated increase in demand for minerals and metals that will be required to help the world transition to a low-carbon economy.\"CoTec will seek out opportunities to invest in innovative technologies that fundamentally change the manner in which minerals and commodities are extracted. Our priority will be to gain exposure to high margin and scalable technologies that we can monetize by applying them to assets, operating mines, development opportunities and even large-scale projects. We are excited to provide our investors with exposure to unique investments in this area and to le...