CoTec Enters Exclusive Agreement with Salter Cyclones for Innovative Metal Recovery

CoTec Holdings Corp. and Salter Cyclones Limited have signed a long-term exclusivity and collaboration agreement. This deal focuses on using Salter's Multi-Gravity Separators (MGS) technology for recovering iron ore and manganese from mining tailings. The agreement allows CoTec exclusive global rights for iron ore and specific regional rights for manganese in the US, South Africa, and Brazil.

Salter's MGS, historically used for valuable metals, now targets bulk commodities. The partnership seeks to transform tailings, often discarded as waste, into high-grade mineral concentrates. CoTec's CEO, Julian Treger, highlighted successful initial tests in Quebec, aiming to bolster CoTec's low-carbon iron concentrate supplies.

The deal targets millions of tonnes of global tailings, positioning CoTec as a mid-tier concentrate producer. By venturing into key manganese sectors, CoTec aims to disrupt the Chinese-dominant HPMSM supply chain. Potential partnerships and asset acquisitions are on the horizon.