CoTec's Ceibo Joins Forces with Glencore for Copper Leaching Innovation

CoTec Holdings Corp., listed on TSX Venture Exchange and OTCQB, announces a partnership between its investment, Ceibo, and Glencore's Lomas Bayas Mining Company. This collaboration aims to deploy Ceibo's advanced leaching technology, improving copper extraction from low-grade sulphides at the renowned Chilean mine. Supported by two years of successful testing by Glencore, further on-site evaluations will occur at Lomas Bayas.

Ceibo's process focuses on leaching low-grade primary copper sulphides and waste materials using a proprietary method that accelerates ore oxidation and enhances recovery rates. CEO Julian Treger celebrates the agreement, highlighting its potential impact on large, extended-life copper deposits. CoTec foresees significant benefits, including reduced production time, cost-efficiency, and smaller environmental footprint, contingent upon successful scaling.

With over US$30 million raised in Series B financing, CoTec eyes commercial deployment of Ceibo's technology in new assets, marking a vital step in sustainable extraction industry transformation.