on CoTec Holdings Corp. (CVE:CTH)
CoTec Holdings Corp. Launches Subsidiary CoTec Québec for Investment Growth
CoTec Holdings Corp. has announced the formation of CoTec Québec, a new, wholly-owned subsidiary aimed at boosting investment activities in the province of Québec, Canada. This move aligns with CoTec's strategy of establishing local operations in regions where it holds assets and investments.
Julian Treger, CEO of CoTec, stated that the creation of CoTec Québec underscores the company's dedication to advancing the Lac Jeannine Project and exploring further investment avenues within Québec. The company plans to engage with a network of strategic partners, including the Government of Québec and local stakeholders.
CoTec focuses on tapping into the economic potential of historical tailings sites using its technology. Québec's status as a reservoir of high-purity iron resources positions the province as a potential leader in the sustainable green steel supply chain. The development of the Lac Jeannine project is underway, with a feasibility study in progress.
R. H.
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