on CoTec Holdings Corp. (CVE:CTH)
CoTec Holdings Corp. Announces Positive Test Results from MagIron Investment
CoTec Holdings Corp., with a 17% stake in MagIron LLC, highlighted successful results from MagIron's pot-grate pellet test program. The tests showcased the high-quality Direct Reduction (DR) grade pellets produced from MagIron's Minnesota iron resources.
The testing, conducted by independent experts at the University of Minnesota's NRRI, demonstrated the pellets' strength and durability, fitting for high-performance DR furnace operations. These results position MagIron's pellets as an optimal feedstock for modern DR plants.
Julian Treger, CoTec CEO, remarked on the significance of these results in addressing U.S. steel industry challenges. Despite focusing on pig iron production, MagIron shows potential for high-grade DR pellet production under favorable market conditions.
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