Cotec Holdings forms Cotec Copper subsidiary

Executive Summary

• Cotec Holdings Corp. has established a wholly owned subsidiary, Cotec Copper, to accelerate investment activities specifically focused on copper tailings and copper sulfide deposits.
• The new subsidiary serves as a vehicle to target "brownfield" asset investments in historical Tier 1 copper districts, leveraging the company's existing technology readiness.
• Cotec Copper intends to focus on opportunities in the United States, Australia, and Africa, aiming to recover economic potential from large historical tailings sites and undeveloped copper deposits.

Key Details

• Entity Formation: Creation of a wholly owned subsidiary named "Cotec Copper."
• Strategic Focus: Accelerating investment in copper tailings and copper sulfide deposits.
• Geographic Targeting: United States, Australia, and Africa.
• Asset Type: "Brownfield" asset investments in historical Tier 1 copper districts.
• Operational Strategy: Deploying Cotec's multiple technology investments to recover economic potential from large historical tailings sites and redundant copper deposits where sulfide resources remain undeveloped.
• Partnerships: Activities will be supported by technology partners and local stakeholders.

Notable Quotes

• "The establishment of Cotec Copper demonstrates our commitment to advancing investments in copper tailings and copper sulphide deposits globally. Cotec's multiple technology investments have reached a readiness level where they can potentially enable asset level investments, consistent with our core strategy." — Julian Treger, CEO, Cotec Holdings Corp.
• "Cotec intends to use Cotec Copper as a vehicle to target 'brownfield' asset investments in historical Tier 1 copper districts over the coming year in the United States, Australia and Africa with the support of our technology partners and local stakeholders." — Julian Treger, CEO, Cotec Holdings Corp.