on CoTec Holdings Corp. (CVE:CTH)
CoTec Investment in MagIron Achieves Promising Pilot Plant Results
CoTec Holdings Corp.'s 16.5% investment in MagIron LLC has produced promising results in a pilot plant test. The tests, conducted in Coleraine, Minnesota, confirmed MagIron's process flowsheet and showed high iron recovery rates and concentrate quality. With 68.3% total Fe, the Direct Reduction (DR) grade concentrate achieved 83.5% iron recovery, while the Blast Furnace (BF) grade, at 66.4% total Fe, reached 85.9% recovery. This was more than double the original plant's performance.
The data is crucial for the upcoming National Instrument 43-101 compliant estimates and the ongoing feasibility study by Behre Dolbear. CoTec CEO, Julian Treger, is optimistic about MagIron's potential to become a key player in the US steel industry.
R. H.
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