CoTec Holdings Corp. Announces Exclusivity Agreement with Salter Cyclones Limited for Iron Ore and Manganese Recovery
VANCOUVER, BC, February 27, 2025 – CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (“CoTec”), a leading technology and services company in the mining industry, is thrilled to announce the signing of a binding long-term exclusivity and collaboration agreement with Salter Cyclones Limited (“Salter”). This agreement grants CoTec the rights to utilize Salter’s innovative Multi-Gravity Separators (MGS) technology for the recovery of iron ore and manganese from both primary mining and tailings material.
Background on Salter Cyclones Limited and MGS Technology
Salter Cyclones Limited, founded in the 1980s, is a globally recognized leader in the development and application of gravity separation technologies. Their MGS technology has been in operation for decades, demonstrating its effectiveness in the recovery of valuable metal minerals such as tin, chromium, copper, and zinc. The MGS technology is unique due to its ability to separate minerals based on their specific gravity, making it an ideal solution for the recovery of iron ore and manganese.
Impact on CoTec and the Mining Industry
The collaboration between CoTec and Salter represents a significant step forward in the mining industry’s pursuit of sustainable and efficient mining practices. By utilizing Salter’s MGS technology, CoTec aims to improve the overall efficiency of iron ore and manganese recovery processes, reducing waste and minimizing environmental impact. Furthermore, this collaboration allows CoTec to expand its service offerings, providing added value to its clients and strengthening its position as a leading technology and services provider in the mining industry.
Global Implications
The implementation of MGS technology in the mining sector can have far-reaching impacts on the global stage. With growing demand for iron ore and manganese in various industries, including steel production and electric vehicle manufacturing, the need for sustainable and efficient mining practices is more crucial than ever. By adopting advanced technologies like MGS, mining companies can reduce their environmental footprint, lower operational costs, and contribute to the global transition towards a more sustainable future.
Conclusion
CoTec Holdings Corp.’s collaboration with Salter Cyclones Limited marks an exciting new chapter in the mining industry’s quest for sustainable and efficient mining practices. By utilizing Salter’s Multi-Gravity Separators technology for the recovery of iron ore and manganese, CoTec aims to improve overall efficiency, reduce waste, and minimize environmental impact. This collaboration is not only a significant step for CoTec but also for the mining industry as a whole, as the adoption of advanced technologies like MGS can lead to a more sustainable future for mining operations worldwide.
- CoTec Holdings Corp. signs long-term exclusivity agreement with Salter Cyclones Limited
- Collaboration grants CoTec rights to utilize Salter’s MGS technology for iron ore and manganese recovery
- MGS technology separates minerals based on specific gravity
- Improves mining industry’s efficiency, reduces waste, and minimizes environmental impact
- Global implications include improved sustainability, lower operational costs, and a more sustainable future for mining operations
