What's Happening?
CoTec Holdings Corp. has completed its 2025 sonic drilling and bulk sampling testing program at the Lac Jeannine Iron Tailings Project in Québec, Canada. The company has engaged Corem for metallurgical testing and is in the process of appointing an EPCM provider for a feasibility study, expected to begin in Q3 2025. The drilling program aimed to upgrade the existing inferred mineral resource and extend the project to include adjacent tailings, potentially doubling the life of the mine. CoTec's CEO, Julian Treger, emphasized the project's potential to produce high-purity iron concentrates for the green steel industry, with support from stakeholders including the Government of Québec and First Nations.
Why It's Important?
The Lac Jeannine Project represents a significant opportunity for CoTec to contribute to the green steel industry by recovering and producing critical mineral iron ore concentrate at competitive costs. The project's success could enhance the economic benefits of large iron tailing sites, supporting sustainable resource extraction and recycling. This initiative aligns with CoTec's mission to accelerate the energy transition and strengthen U.S. economic and national security by investing in disruptive technologies. The feasibility study and subsequent developments could position CoTec as a key player in the strategic materials sector, offering scalable solutions for transforming marginal assets into high-value critical minerals.
What's Next?
CoTec plans to commence the feasibility study in Q3 2025, with bulk sampling and assay results expected in Q4 2025. The study will include the application of Salter Cyclone Multi-Gravity Separators technology for additional iron ore recovery. The company aims to upgrade the mineral resource classification and extend the project's scope, potentially increasing its economic viability. Stakeholders, including government entities and First Nations, are expected to play a crucial role in supporting the project's advancement. CoTec's strategic focus on integrating breakthrough technologies with resource extraction could lead to further partnerships and investments in the sector.
