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CoTec Holdings Corp. (TSXV:CTH) provides business update

Energy, Socials, The Watchlist
TSXV:CTH
15 February 2023 12:00 (EDT)

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CoTec Holdings has shared an update in respect of its portfolio, investment initiatives and other matters.

CEO Julian Treger met with Coreena Robertson to highlight the company’s accomplishments and plans for 2023.

“Recently, we have identified two potential joint venture opportunities for the application of the Binding Solutions Limited (“BSL”) technology, and we have commenced high-level discussions with the respective counterparties in this regard. If successful, these could potentially lead to future operating revenue for CoTec. We are also looking forward to working with the Mkango Resources Ltd. team to pursue rare earth elements opportunities in the United States and will provide an update on this front in due course.

“During 2023, we will continue to identify disruptive technology solutions that fit the CoTec investment criteria and work with our current investments to develop operational applications of their technologies. If appropriate, we will further strengthen our team. We will also focus on marketing and investor relations in an attempt to close the value gap between our view of the CoTec value proposition and our current share price. Finally, we have applied for listing on the OTC Market in the United States (“OTC”), which we believe will make it easier for US-based investors to purchase our shares. Our application is currently being reviewed by the regulators at the OTC.

“The focus on ESG in the globally emerging green economy demands technology solutions for the mining industry’s emissions and environmental challenges while meeting the ever-increasing demand for resources. CoTec’s ultimate strategy of creating a technology-driven mid-tier mineral resource producer focused on limiting carbon emissions and minimizing operational footprint is at the forefront of this trend.”

CoTec is an ESG-focused coal mining company investing in technologies to change how metals and minerals are extracted and processed.

CoTec Holdings Corp. (CTH) opened trading at C$0.50.


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