Cotec Purchases Commercial Scale Salter Cyclone Multi-Gravity-Separator Unit to be Located at Corem Quebec, Canada

Executive Summary

• CoTec Holdings Corp. announced the purchase of its first commercial‑scale multi‑gravity separator (MGS) from Salter Cyclone Limited to support tailings retreatment projects.
• The MGS will be installed at Corem’s testing laboratory in Québec and will be used to generate data for the Lac Jeannine Feasibility Study, targeting higher‑grade iron concentrates and future expansion into copper, lead and zinc recovery.
• This acquisition follows a February 2025 exclusive collaboration agreement with Salter, underscoring CoTec’s strategy to apply advanced gravity‑separation technology to waste streams and accelerate project economics.

Key Details

• Equipment Acquired: One commercial‑scale Multi‑Gravity Separator (MGS) from Salter Cyclone Limited.
• Location: Installed at Corem’s testing laboratory, Québec, Canada.
• Purpose:
• Generate high‑grade concentrate data from ultra‑fine iron tailings (‑75 µm) for the Lac Jeannine Feasibility Study.
• Evaluate applicability to other minerals (copper, lead, zinc) and to additional tailings streams (iron, manganese).
• Strategic Fit: Supports CoTec’s corporate strategy of “technology‑enabled mineral recovery from waste” and enables rapid transition from lab‑scale testing to commercial‑scale data for engineering design and economic valuation.
• Collaboration Background:
• February 2025 – Binding long‑term exclusivity and collaboration agreement with Salter Cyclone Limited for MGS technology on iron ore, manganese, and other mineral tailings.
• Joint asset‑by‑asset approach to apply the technology across identified projects.
• CEO Comment (Julian Treger): Emphasized that the MGS purchase accelerates data collection, improves capital efficiency, and shortens time‑to‑revenue for tailings reclamation projects.

Notable Quotes

“The purchase of the MGS is another exciting step forward in achieving CoTec's corporate strategy of applying technology to recover minerals from material classified as waste… This ability to assess opportunities in a compressed timeframe allows for efficient capital deployment and the ability to bring operations online far quicker than current industry standards.” – Julian Treger, CEO

Materiality Assessment: Material – Positive (the acquisition directly advances a feasibility study that could unlock significant value from existing tailings assets and supports future expansion into additional minerals).