on CoTec Holdings Corp. (CVE:CTH)
CoTec and Battery Mineral Resources Forge Strategic Partnership
CoTec Holdings Corp. and Battery Mineral Resources Corp. have entered a non-binding agreement to explore increasing copper production at the Punitaqui mining district in Chile. The partnership will involve a Strategic Economic Joint Venture to evaluate opportunities for resource optimization using CoTec technologies.
BMR will leverage its existing infrastructure and CoTec's expertise in technology and project development to enhance copper recovery. The parties aim for a 50% share in new production opportunities, while BMR maintains ownership of current operations.
The agreement initiates an assessment program focusing on metallurgical testing and economic evaluations to capitalize on lower-grade mineralization and tailings. CoTec will cover initial costs, targeting future growth and increased production.
R. P.
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