Mr. Julian Treger reports
COTEC AND COPPER INTELLIGENCE FINALISE JOINT VENTURE SHAREHOLDER AGREEMENT TO TARGET PROCESSING OF HISTORICAL COPPER TAILINGS OPPORTUNITIES IN THE DEMOCRATIC REPUBLIC OF CONGO
Cotec Holdings Corp. has finalized the terms of a definitive joint venture agreement with Copper Intelligence Inc. and two third party investment vehicles associated with the company's chief executive officer, Julian Treger, and chairman, Lucio Genovese, respectively. The joint venture will focus on processing historical copper tailings in the Democratic Republic of Congo (the DRC).
Julian Treger, chief executive officer of Cotec, commented: "The company's strategy is to build a copper division and the joint venture with Copper Intelligence provides Cotec with a long-term partner who has demonstrated resource execution in a world-class copper district. We are excited to progress towards securing assets which can utilize our technologies as we build out our asset portfolio. The DRC has a rich copper mining history that we expect would be reflected in its potential scalable tailings opportunities."
Andrew Groves, chairman of Copper Intelligence, commented: "We are excited to pursue a strategic partnership with the Cotec team. We look forward to a strong and profitable relationship with a team that has achieved a track record of success for many decades. This transaction further contributes to our vertically integrated vision for Copper Intelligence."
Copper tailings in the DRC are a defining feature of the DRC's long mining history, particularly in the Central African Copperbelt, one of the world's richest copper and cobalt provinces. Large volumes of tailings have been generated by the state-owned company Gecamines during industrial mining since the 1950s.
The joint venture has established a framework for pursuing copper-tailings opportunities in the DRC's historical copper districts. Opportunities identified will be subject to detailed legal and technical due diligence and binding agreements on an asset-by-asset basis with approval by the independent members of the joint venture board of directors and the independent members of the Cotec board of directors in this matter, prior to resources being committed to development.
It is expected that Cotec technologies will be used to further enhance the economic potential of these historical tailings sites and redundant copper deposits. The joint venture will target funding from the U.S. International Development Finance Corp. and other funding sources once sufficient scale is achieved.
The joint venture company is being incorporated in the British Virgin Islands and all formation documents will be executed on registration.
About Cotec Holdings Corp.
Cotec Holdings is redefining the future of resource extraction and recycling. Focused on rare-earth magnets and strategic materials, Cotec integrates breakthrough technologies with strategic assets to unlock secure, sustainable and low-cost supply chains.
Cotec's mission is clear: accelerate the energy transition while strengthening strategic mineral supply chains for the countries the company operates in. By investing in and deploying disruptive technologies, the company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams and recycled products into high-value critical minerals.
From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing and reclamation in Quebec, to next-generation copper and iron solutions backed by global majors, Cotec is building a diversified portfolio with long-term growth, rapid cash flow potential and high barriers to entry. The result is a differentiated platform at the intersection of technology, sustainability and strategic materials.
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