CoTec and Copper Intelligence Finalize Joint Venture in DRC

CoTec Holdings Corp. and Copper Intelligence Inc. have finalized their joint venture to process historical copper tailings in the Democratic Republic of Congo (DRC). This venture aligns with CoTec's strategy to expand its copper division, leveraging Copper Intelligence's expertise in resource execution in the region. The venture will target the copper-rich tailings of Gécamines, a state-owned company in the Central African Copperbelt, which is known for its vast copper reserves.

The joint venture will pursue opportunities only after thorough legal and technical evaluations, ensuring a committed approach to potential development. CoTec's technologies aim to enhance the economic value of these tailings. Funding is expected from the U.S. International Development Finance Corporation once sufficient scale is achieved. The venture will be incorporated in the British Virgin Islands, cementing a framework for copper-tailings opportunities in the DRC.