Copper Intelligence and CoTec Finalise Joint Venture Shareholder Agreement to Target DRC Copper Tailings
OTC: CUAI
Overview
Copper Intelligence announced that it has finalized the terms of a definitive joint venture agreement with CoTec Holdings Corp. and two third-party investment vehicles associated with the company's CEO, Julian Treger, and Chairman, Lucio Genovese, respectively, according to the company. The joint venture will focus on processing historical copper tailings in the Democratic Republic of Congo, according to the company.
According to the company, copper tailings in the DRC are a defining feature of the country's long mining history, particularly in the Central African Copperbelt, one of the world's richest copper and cobalt provinces. The company stated that large volumes of tailings have been generated by the state-owned company Gécamines during industrial mining since the 1950s.
Key Highlights
- Copper Intelligence and CoTec Holdings Corp. (TSXV: CTH) (OTCQB: CTHCF) have finalized a definitive joint venture agreement, according to the company.
- The joint venture also includes two third-party investment vehicles associated with the company's CEO, Julian Treger, and Chairman, Lucio Genovese, respectively, according to the company.
- The joint venture has established a framework for pursuing copper-tailings opportunities in the DRC's historical copper districts, according to the company.
- Opportunities identified will be subject to detailed legal and technical due diligence and binding agreements on an asset-by-asset basis, with approval required from the independent members of the joint venture board of directors and the independent members of the CoTec board of directors, prior to resources being committed to development, according to the company.
- It is expected that CoTec technologies will be used to further enhance the economic potential of the historical tailings sites and redundant copper deposits, according to the company.
- The joint venture will target funding from the U.S. International Development Finance Corporation and other funding sources once sufficient scale is achieved, according to the company.
- The joint venture company is finalizing incorporation in the British Virgin Islands, and all formation documents will be executed on registration, according to the company.
Strategic/Operational Context
Andrew Groves, Chairman of Copper Intelligence, commented: "We are excited to pursue a strategic partnership with the CoTec team that will add capital in a non-dilutive fashion to our shareholders. We look forward to a strong and profitable relationship with a team that has achieved a track record of success in Africa for many decades. This transaction further contributes to our vertically integrated vision for Copper Intelligence, and augments the dimension of our approach."
Julian Treger, Chief Executive Officer of CoTec, commented: "The Company's strategy is to build a copper division and the Joint Venture with Copper Intelligence provides CoTec with a long-term partner who has a demonstrated resource execution in a world class copper district. We are excited to progress towards securing assets which can utilize our technologies as we build out our asset portfolio. The DRC has a rich copper mining history that we expect would be reflected in its potential scalable tailings opportunities."
What to Watch Next
- Completion of the joint venture company's incorporation in the British Virgin Islands and execution of formation documents on registration, according to the company.
- Identification of copper-tailings opportunities in the DRC's historical copper districts, subject to legal and technical due diligence and asset-by-asset board approvals, according to the company.
- Pursuit of funding from the U.S. International Development Finance Corporation and other sources once sufficient scale is achieved, according to the company.
About Copper Intelligence
Copper Intelligence "CUAI" is the first stand-alone DRC company to be publicly traded in the United States. Copper Intelligence is a U.S.-publicly traded copper exploration and development company focused on advancing high-potential copper assets in the Democratic Republic of Congo. The company's strategy is aligned with the growing global demand for secure, diversified, and responsible sources of critical minerals. Copper has become one of the most strategic commodities of our time, essential for electrification, decarbonization, and digital transformation. From renewable energy to EVs, drones, data centers, and infrastructure, it underpins nearly every global growth sector. Copper Intelligence is a resource development company focused on copper exploration and project advancement in the Democratic Republic of Congo. The company maintains a focus on responsible development and community engagement in the regions where it operates. The Democratic Republic of Congo's copper production is among the largest in the world, with the DRC accounting for 65% of newly announced copper reserves worldwide in 2023, according to S&P Global Market Intelligence.
About CoTec
CoTec Holdings Corp. (TSXV: CTH) (OTCQB: CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains.
CoTec's mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.
From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a differentiated platform at the intersection of technology, sustainability, and strategic materials.
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