The Fort Worth Press - CoTec to Form an Early Stage Exploration Joint Venture with U.S. Company Copper Intelligence to Target Processing Historical Copper Tailings Opportunities in the Democratic Republic of Congo

USD -
AED 3.672502
AFN 63.496378
ALL 81.115938
AMD 369.999665
ANG 1.789884
AOA 918.000242
ARS 1385.947016
AUD 1.381817
AWG 1.8
AZN 1.696371
BAM 1.65949
BBD 2.014662
BDT 122.963617
BGN 1.668102
BHD 0.378004
BIF 2979.907684
BMD 1
BND 1.266376
BOB 6.911825
BRL 4.942801
BSD 1.000288
BTN 94.642615
BWP 13.384978
BYN 2.824803
BYR 19600
BZD 2.011777
CAD 1.362275
CDF 2314.999906
CHF 0.77918
CLF 0.022769
CLP 896.079981
CNY 6.83035
CNH 6.811775
COP 3702.49
CRC 456.404426
CUC 1
CUP 26.5
CVE 93.559486
CZK 20.70355
DJF 178.124152
DKK 6.35852
DOP 59.588547
DZD 132.186603
EGP 52.6505
ERN 15
ETB 156.186957
EUR 0.85088
FJD 2.1849
FKP 0.736622
GBP 0.735325
GEL 2.689674
GGP 0.736622
GHS 11.253564
GIP 0.736622
GMD 73.000009
GNF 8779.35786
GTQ 7.635589
GYD 209.238393
HKD 7.83541
HNL 26.592734
HRK 6.410103
HTG 130.892895
HUF 305.283499
IDR 17323.75
ILS 2.903605
IMP 0.736622
INR 94.367801
IQD 1310.201485
IRR 1315999.999814
ISK 122.17994
JEP 0.736622
JMD 157.609595
JOD 0.709022
JPY 156.406972
KES 129.202579
KGS 87.420504
KHR 4009.129786
KMF 420.501037
KPW 900.003495
KRW 1447.46973
KWD 0.30796
KYD 0.83356
KZT 463.200855
LAK 21973.425197
LBP 89575.838311
LKR 320.221287
LRD 183.554507
LSL 16.305407
LTL 2.95274
LVL 0.60489
LYD 6.331536
MAD 9.184383
MDL 17.194712
MGA 4167.797991
MKD 52.453339
MMK 2099.549246
MNT 3579.649525
MOP 8.073157
MRU 39.923296
MUR 46.779996
MVR 15.454967
MWK 1734.489547
MXN 17.240451
MYR 3.924967
MZN 63.896414
NAD 16.305476
NGN 1362.069874
NIO 36.80763
NOK 9.271394
NPR 151.428014
NZD 1.67826
OMR 0.384503
PAB 1.000288
PEN 3.489513
PGK 4.349394
PHP 60.738041
PKR 278.705369
PLN 3.60165
PYG 6121.903517
QAR 3.646584
RON 4.482598
RSD 99.880027
RUB 74.998128
RWF 1462.717214
SAR 3.751823
SBD 8.032258
SCR 13.733854
SDG 600.489513
SEK 9.221995
SGD 1.268455
SHP 0.746601
SLE 24.625002
SLL 20969.496166
SOS 571.629786
SRD 37.410973
STD 20697.981008
STN 20.78808
SVC 8.752206
SYP 111.203697
SZL 16.3004
THB 32.245018
TJS 9.347679
TMT 3.505
TND 2.906356
TOP 2.40776
TRY 45.221299
TTD 6.778611
TWD 31.381979
TZS 2592.183047
UAH 43.857246
UGX 3761.369807
UYU 40.193288
UZS 12078.298941
VES 493.49396
VND 26325
VUV 118.250426
WST 2.722585
XAF 556.574973
XAG 0.012924
XAU 0.000213
XCD 2.70255
XCG 1.802793
XDR 0.696429
XOF 556.577334
XPF 101.191284
YER 238.580153
ZAR 16.38915
ZMK 9001.215562
ZMW 18.930729
ZWL 321.999592
  • RYCEF

    1.0500

    17.5

    +6%

  • RBGPF

    0.0800

    63.18

    +0.13%

  • RIO

    4.9050

    105.405

    +4.65%

  • NGG

    0.3800

    88.02

    +0.43%

  • BTI

    0.2100

    59.61

    +0.35%

  • RELX

    -0.4200

    35.74

    -1.18%

  • CMSC

    0.0950

    22.975

    +0.41%

  • BCE

    0.0450

    24.145

    +0.19%

  • GSK

    0.3420

    50.722

    +0.67%

  • AZN

    3.0400

    184.28

    +1.65%

  • VOD

    0.3600

    16.1

    +2.24%

  • JRI

    0.1100

    13.15

    +0.84%

  • CMSD

    0.0400

    23.33

    +0.17%

  • BCC

    3.0400

    75.17

    +4.04%

  • BP

    -1.5900

    44.91

    -3.54%

CoTec to Form an Early Stage Exploration Joint Venture with U.S. Company Copper Intelligence to Target Processing Historical Copper Tailings Opportunities in the Democratic Republic of Congo
CoTec to Form an Early Stage Exploration Joint Venture with U.S. Company Copper Intelligence to Target Processing Historical Copper Tailings Opportunities in the Democratic Republic of Congo

CoTec to Form an Early Stage Exploration Joint Venture with U.S. Company Copper Intelligence to Target Processing Historical Copper Tailings Opportunities in the Democratic Republic of Congo

VANCOUVER, BC / ACCESS Newswire / May 6, 2026 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has today signed a term sheet with U.S. based Copper Intelligence Inc. ("Copper Intelligence") (AFDG) and third party investment vehicles associated with the Company's CEO, Julian Treger, and Chairman, Lucio Genovese, to form an early stage exploration joint venture ("Joint Venture") that will be focused on processing historical copper tailings in the Democratic Republic of Congo (the "DRC").

Text size:

Once formed, the Joint Venture will establish a framework for the joint pursuit of copper tailings opportunities in the historical copper districts of the DRC. 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 CoTec Board of Directors in this matter, prior to resources being committed to development.

To the extent applicable, CoTec technologies will be used to further enhance economic potential of these historical tailings sites and redundant copper deposits. The Joint Venture will target funding from the U.S. International Development Finance Corporation once sufficient scale is achieved. Copper Intelligence is solidifying its status as the first stand-alone DRC company to be publicly traded in the United States.

Copper tailings in the DRC are a defining feature of the DRC's long mining history, particularly in the Central African Copperbelt.

Julian Treger, Chief Executive Officer of CoTec, commented: "The DRC has an incredibly rich copper history and the potential for historical copper tailings opportunities could be significant. Copper Intelligence has a wealth of experience in operating in Africa and this partnership will support CoTec as it navigates its execution strategy for potential asset opportunities in the DRC.

The Company continues to progress its strategy to target asset acquisitions with its technology suite, these technologies could provide alternative processing solutions to the historical tailing deposits of the DRC and will be tested through the due diligence process. We strongly believe in the strategic importance of copper and the opportunistic Joint Venture in the Copperbelt is one of the copper opportunities we are pursuing to build out our copper interests and seek to further leverage CoTec's evolving technology portfolio over the coming year."

The term sheet was negotiated on an arm's length basis, is non-binding and the specific structure, terms and conditions of the Joint Venture will be reflected in mutually acceptable definitive agreements targeted for signing by Q3, 2026 or sooner, depending on progress in securing of potential targets.

About CoTec

CoTec Holdings Corp. (TSX-V: CTH, OTCQB: CTHCF) 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 for the United States and its allies.

CoTec's mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. 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 in Québec, 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.

For more information, please visit www.cotec.ca

About Copper Intelligence Inc.

Copper Intelligence is a resource development company focused on copper exploration and project advancement in the Democratic Republic of Congo, including the Butembo copper project. The company maintains a focus on responsible development and community engagement in the regions where it operates. Copper Intelligence is proud to be the first stand-alone DRC company to be publicly traded in the United States.

For further information, please contact:

Eugene Hercun, VP Finance - +1 604 537 2413

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to management's expectations with respect to its proposed joint venture with Copper Intelligence, copper tailings opportunities in the DRC, the ability to apply its suite of technologies to these opportunities and it current and potential future investments, including potential investments in copper tailings and copper sulfide deposits, and the benefits to the Company which may be obtained from such investments. 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. For further details regarding risks and uncertainties facing the Company, please refer to the Company's public disclosure documents, copies of which may be found under the Company's SEDAR+ profile at www.sedarplus.ca

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

SOURCE: CoTec Holdings Corp.



View the original press release on ACCESS Newswire

L.Davila--TFWP