CoTec Completes Drilling Program at Lac Jeannine Project, Initiates Feasibility Study

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 the feasibility study, expected to start in Q3 2025. The project aims to recover and produce high-purity iron ore concentrate for the green steel industry. CoTec's CEO, Julian Treger, emphasized the potential to increase resource estimates and unlock additional material outside the tailings dam. The feasibility study will include advanced technology for iron ore recovery, potentially doubling the project's life without additional capital expenditure.

Why It's Important?

The completion of the drilling program and the initiation of a feasibility study mark significant progress for CoTec Holdings Corp. in its efforts to contribute to the green steel industry. The Lac Jeannine Project has the potential to provide economic benefits by reprocessing large iron tailing sites, aligning with sustainable resource extraction goals. The involvement of strategic partners and stakeholders, including the Government of Québec and First Nations, underscores the project's importance in regional economic development and environmental sustainability. Successful implementation could position CoTec as a leader in innovative resource recovery technologies.

What's Next?

CoTec Holdings Corp. will proceed with the feasibility study, focusing on the recovery and production of iron ore concentrate. The study will explore the use of advanced separation technologies to enhance resource extraction efficiency. Bulk sampling and assay results are anticipated in Q4 2025, which will provide further insights into the project's viability. The company aims to strengthen its portfolio by integrating breakthrough technologies and strategic assets, potentially expanding its influence in the resource extraction and recycling sectors.