CoTec and Copper Intelligence Finalize JV to Process DRC Copper Tailings
CTHCF sits 26% above its 52-week low of $0.69.
Summary
CoTec Holdings and Copper Intelligence have finalized a definitive joint venture agreement to process historical copper tailings in the DRC. The JV includes two third-party investment vehicles tied to CoTec's CEO and Chairman, aligning insider interests. The venture will pursue asset-by-asset opportunities with independent board approvals and aims to secure funding from the U.S. International Development Finance Corporation. This marks a concrete step in CoTec's strategy to build a copper division, leveraging its technology on tailings in a world-class copper district. The partnership with Copper Intelligence, a US-listed DRC-focused copper company with a ~$750M market cap, adds execution credibility. Watch for initial asset acquisitions and funding milestones.
At the time of this announcement, CTHCF was trading at $0.87 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $104.9M. The 52-week trading range was $0.69 to $2.70. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.