CoTec Partners with Copper Intelligence for DRC Copper Tailings Exploration

CoTec Holdings Corp., listed on TSXV and OTCQB, has signed a term sheet with Copper Intelligence Inc. and investment vehicles related to its CEO and Chairman, to form a joint venture focused on copper tailings in the Democratic Republic of Congo (DRC). This venture aims to explore historical copper tailings sites, with detailed due diligence and asset-specific agreements required before development commences.

The joint initiative will leverage CoTec's technologies to enhance the economic potential of these sites. The venture also seeks funding from the U.S. International Development Finance Corporation when viable. Copper Intelligence aims to become the first publicly traded DRC-focused company in the U.S.

Julian Treger, CoTec's CEO, highlighted the potential of the DRC's rich copper history and the role of Copper Intelligence's African operations experience in supporting CoTec's strategic objectives. The term sheet, non-binding and negotiated at arm's length, expects definitive agreements by Q3 2026.