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CoTec Holdings Corp. Provides Operational Update

CoTec Holdings Corp. Provides Operational Update

CoTec 控股公司提供最新运营情况
Accesswire ·  2024/04/02 07:00

VANCOUVER, BC / ACCESSWIRE / April 2, 2024 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to provide an update on its operational roll-out opportunities and Normal Course Issuer Bid program ("NCIB Program").

不列颠哥伦比亚省温哥华/ACCESSWIRE/2024年4月2日/CoTec Holdings Corp.(多伦多证券交易所股票代码:CTH)(OTCQB: CTHCF)(“CoTec” 或 “公司”)很高兴提供其运营推出机会和普通课程发行人竞标计划(“NCIB计划”)的最新情况。

Julian Treger, CoTec CEO commented; "We are very encouraged by the significant progress made on all fronts of the business and continue to support the share price through our NCIB Program ("NCIB") as we believe our shares offer considerable value at the current share price levels."

CoTec首席执行官朱利安·特雷格评论说:“我们对业务各方面取得的重大进展感到非常鼓舞,并将继续通过我们的NCIB计划(“NCIB”)支持股价,因为我们相信我们的股票在当前的股价水平上具有可观的价值。”

"We have engaged engineering companies for both HyProMag USA and Lac Jeannine and are targeting completion of the HyProMag USA bankable Feasibility Study ("Feasibility Study") prior to year-end and the Preliminary Economic Assessment ("PEA" or the "Study"), including a maiden Mineral Resource Estimate, for the Lac Jeannine property during H1, 2024. The timeframe for the completion of these studies and the target dates for first revenue from these opportunities are testimony to the advantages of the CoTec strategy over the traditional mining approach."

“我们已经为HyproMag USA和Lac Jeannine聘请了工程公司,目标是在年底之前完成HyproMag美国银行可担保的可行性研究(“可行性研究”),以及在2024年上半年完成Lac Jeannine物业的初步经济评估(“PEA” 或 “研究”),包括首次矿产资源估算。完成这些研究的时间表以及从这些机会中获得首次收入的目标日期证明了CoTec战略相对于传统采矿方法的优势。”

HyProMag USA Feasibility Study

HyproMag 美国可行性研究

HyProMag USA has engaged BBA USA Inc. ("BBA") and PegasusTSI ("Pegasus") to complete the Feasibility Study with targeted completion prior to year-end. BBA and Pegasus have successfully completed their onboarding process through visiting key manufacturers in Germany, Poland and the HyProMag Demonstration Plant at Tyseley,UK. The experience from the UK and Germany demonstration plants will be transferred expeditiously to the Feasibility Study.

HyproMag USA已聘请BBA USA Inc.(“BBA”)和PegaSusTSI(“Pegasus”)来完成可行性研究,目标是在年底之前完成。BBA和Pegasus通过访问德国、波兰的主要制造商以及位于英国泰斯利的HyproMag示范工厂,成功完成了入职流程。英国和德国示范工厂的经验将迅速转移到可行性研究中。

Site selection for three Plants in the USA has commenced. This process will be driven by Pegasus, working with environmental consultant Weston Solutions Inc. The current focus is on Texas, Fort Worth for the first recycling spoke and magnet production facility (~500 tonnes of NdFeB finished permanent magnets and alloys per annum). Three recycling spokes are targeted and permitting for the various sites will start once site selection has been completed in Q3. Commercial production is targeted for H1 2026.

美国三家工厂的选址已经开始。该过程将由Pegasus与环境顾问Weston Solutions Inc合作推动。目前的重点是德克萨斯州沃思堡的第一个回收辐条和磁体生产设施(每年约500吨钕铁硼成品永磁体和合金)。目标是使用三个回收辐条,在第三季度完成选址后,将开始对各个场地的许可。计划于2026年上半年实现商业化生产。

Discussions with potential feedstock suppliers and off takers in the USA have commenced, targeting agreements to secure recycled feedstock and long term off take through strategic partners.

与美国潜在的原料供应商和收购商的讨论已经开始,目标是通过战略合作伙伴达成协议,确保回收原料和长期收购。

Finally, the company has appointed Robert Harward, a retired Vice Admiral, US Navy, SEAL and a senior defence technology executive to the board of CoTec. Mr. Harward will be focused on supporting and guiding HyProMag USA in the application for US Government Grant support and long-term strategic supply of Rare Earth permanent magnets to US Government Prime contractors.

最后,该公司已任命退休的美国海军、海豹突击队副海军上将兼高级国防技术主管罗伯特·哈沃德为CoTec董事会成员。哈沃德先生将专注于支持和指导美国HyproMag USA向美国政府主要承包商申请美国政府拨款支持和稀土永磁体的长期战略供应。

Lac Jeannine PEA

Lac Jeannine PEA

The Company has completed sampling at the Lac Jeannine property and metallurgy testing and process flow development with its technical consultant and Corem. Corem has produced circa 30 kg of high-grade Fe concentrate to date.

该公司已与其技术顾问和Corem一起完成了Lac Jeannine的采样和冶金测试以及工艺流程开发。迄今为止,Corem已经生产了约30千克的高品位铁精矿。

CoTec has awarded contracts for the National Instrument 43-101 ("NI43-101") PEA for the Lac Jeannine Project to an interdisciplinary team of consultants, engineers and scientists co-led by Addison Mining Services Ltd. and Soutex Inc. The PEA is anticipated to be completed and published by H1 2024. The PEA will incorporate the Company's 2023 drill-program and metallurgy testing results at Corem, providing a maiden Mineral Resource Estimate for the Lac Jeannine Project.

CoTec已将Lac Jeannine项目National Instrument 43-101(“NI43-101”)PEA的合同授予了由艾迪生矿业服务有限公司和Soutex公司共同领导的跨学科顾问、工程师和科学家团队。PEA预计将在2024年上半年完成并发布。PEA将纳入该公司2023年在Corem的钻探计划和冶金测试结果,为Lac Jeannine项目提供首次矿产资源估算。

The Study's techno-economic analysis will present a scenario with concentrate from Lac Jeannine providing feedstock for a low carbon pelletizing technology.

该研究的技术经济分析将提出一个情景,即来自Lac Jeannine的浓缩物为低碳造粒技术提供原料。

Senior representatives of the Company have commenced a process to engage and meet with the numerous potential stakeholders, including the Government of Québec.

该公司的高级代表已开始与包括魁北克政府在内的众多潜在利益相关者进行接触和会面。

NCIB

NCIB

Since its approval on January 23, 2024, the Company acquired 625,000 shares under the NCIB at prices ranging between $0.60 and $0.69.

自2024年1月23日获得批准以来,该公司在NCIB下以0.60美元至0.69美元的价格收购了62.5万股股票。

About CoTec

关于 Cotec

CoTec is a publicly traded investment issuer listed on the TSX Venture Exchange ("TSX- V") and the OTCQB and trades under the symbol CTH and CTHCF respectively. The Company is an environment, social, and governance ("ESG")-focused company investing in innovative technologies. These technologies have the potential to fundamentally change the way metals and minerals can be extracted and processed for the purpose of applying those technologies to undervalued operating assets and recycling opportunities, as the Company transitions into a mid-tier mineral resource producer.

CoTec是一家上市的投资发行人,在多伦多证券交易所风险交易所(“TSX-V”)和OTCQB上市,交易代码分别为CTH和CTHCF。该公司是一家专注于环境、社会和治理(“ESG”)的公司,投资于创新技术。随着公司向中级矿产资源生产商过渡,这些技术有可能从根本上改变金属和矿物的开采和加工方式,目的是将这些技术应用于被低估的运营资产和回收机会。

CoTec is committed to supporting the transition to a lower carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. The Company has made four investments to date and is actively pursuing operating opportunities where current technology investments could be deployed.

Cotec致力于支持开采业向低碳未来的过渡,该行业正处于绿色革命的风口浪尖,因为它拥抱技术和创新。迄今为止,该公司已经进行了四项投资,并正在积极寻找可以部署当前技术投资的运营机会。

For further information, please contact:

欲了解更多信息,请联系:

Braam Jonker - (604) 992-5600

Braam Jonker-(604) 992-5600

Forward-Looking Information Cautionary Statement

前瞻性信息警示声明

Statements in this press release regarding the Company and its investments which are not historical facts are "forward-looking statements" which involve risks and uncertainties, including statements relating to the Feasibility Study, PEA, the NCIB as well as management's expectations with respect to other current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social disruptions. For further details regarding risks and uncertainties facing the Company please refer to "Risk Factors" in the Company's filing statement dated April 6, 2022, a copy of which may be found under the Company's SEDAR profile at . The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company's continuous disclosure documents which are available on SEDAR at .

本新闻稿中关于公司及其投资的非历史事实的声明是 “前瞻性陈述”,涉及风险和不确定性,包括与可行性研究、PEA、NCIB相关的陈述,以及管理层对其他当前和潜在未来投资的预期以及此类陈述可能暗示的公司收益。由于前瞻性陈述涉及未来的事件和状况,因此就其本质而言,它们涉及固有的风险和不确定性。由于影响公司的已知和未知风险和不确定性,每种情况的实际结果可能与此类声明中目前的预期存在重大差异,包括但不限于资源和储备风险;环境风险和成本;劳动力成本和短缺;不确定的材料供应和价格波动;能源成本增加;劳资纠纷和停工;租赁成本和设备可用性;承包商和分包商绩效问题;工作场所安全问题;项目延误和成本超支;极端天气条件;以及社会混乱。有关公司面临的风险和不确定性的更多详细信息,请参阅公司2022年4月6日的申报声明中的 “风险因素”,其副本可在公司的SEDAR简介下找到,网址为。除非法律要求,否则公司不承担更新本新闻稿中的前瞻性陈述的责任。读者不应过分依赖本新闻稿中包含的前瞻性陈述和信息,并鼓励读者阅读公司的持续披露文件,这些文件可在SEDAR上查阅,网址为。

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所风险交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

SOURCE: CoTec Holdings Corp.

资料来源:科泰克控股公司


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