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CoTec Market Update

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Fri, November 17, 2023 at 9:00 AMendedReplay
CoTec Market Update

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Meeting Overview The meeting featured Julian Traeger, President and CEO of Kotex, who provided updates on the company's progress, including financial performance, technology investments, and strategic partnerships. The discussion also highlighted the company's vision to disrupt the commodity extraction sector through innovative and environmentally friendly practices. Key Discussion Points - Overview of Kotex's long-term vision to become a technologically driven disruptor in the commodity extraction sector. - Update on financial performance, including Q3 profits of approximately $3 million and year-to-date profits of around $13 million. - Investment in three technologies and plans to increase to five or six technologies and ten assets by the end of next year. - Increased stake in magnet recycling technology and establishment of a 50-50 joint venture for the US business of Magneta. - Recognition as a priority project by the Minerals Security Partnership in the US. - Significant uplift...

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Speaker 1: Hello everyone and welcome to Kotex live event hosted by 6. I'm pleased to introduce their speaker for today, Julian Traeger, President and CEO. Speaker 1: Julian will discuss the latest updates and after that we'll be accepting questions. As a reminder you can submit your questions in the chat at any point during the conversation just at the bottom right corner of your screen. Speaker 1: As always the summit is being recorded and will be available on 6 and YouTube Speaker 1: afterwards to watch. Without further ado, I'll hand things over to you, Julian. Speaker 2: Thank you so much, Carl, and thank you all for tuning in to this podcast. And apologies Speaker 2: for the technical difficulties that bedeviled us this morning. But Speaker 2: I'm glad you're here to Speaker 2: get the update on Kotech and I'm pleased to say Speaker 2: that Kotech is developing Speaker 2: very well. Speaker 2: The longer-term Speaker 2: vision for Kotech Speaker 2: is to be the technologically Speaker 2: driven disruptor Speaker 2: of the commodity extraction Speaker 2: sector Speaker 2: to Speaker 2: produce Speaker 2: the commodities the world needs quicker Speaker 2: than through existing conventional Speaker 2: mining processes Speaker 2: and to do so in a very low carbon way, a very green way, Speaker 2: and in a way which we can scale Speaker 2: a business which can ultimately over the next decade Speaker 2: become a challenger Speaker 2: to the incumbent Speaker 2: commodity extraction businesses. Speaker 2: So far in our short life, Speaker 2: we have now invested in 3 technologies Speaker 2: and we have 3 Speaker 2: assets which we plan to bring in Speaker 2: online, Speaker 2: particularly in the recycling space. Speaker 2: And our medium-term Speaker 2: goal is by th...

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