CoTec and Copper Intelligence Join Forces to Extract Copper from Congo Mining Waste
Vancouver, Wednesday, 6 May 2026.
CoTec and Copper Intelligence have partnered to extract valuable copper from decades of legacy mining waste in the Democratic Republic of Congo, transforming historical tailings into critical global supply.
A Strategic Alliance in the Central African Copperbelt
On May 5 and May 6, 2026, CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF, also tracked under ticker CTCHF [3]) and Copper Intelligence Inc. (OTC: AFDG) announced the signing of a non-binding term sheet [1][2][4]. The agreement outlines an early-stage exploration joint venture to process historical copper tailings in the Democratic Republic of Congo (DRC) [1][2]. Notably, the partnership includes a third-party investment vehicle associated with CoTec’s Chief Executive Officer, Julian Treger, and Chairman, Lucio Genovese [2][4].
Technological Integration and Financial Structuring
To unlock the economic viability of these redundant copper deposits, the joint venture intends to deploy CoTec’s proprietary extraction technologies [1][2]. Andrew Groves, Chairman of Copper Intelligence, emphasized that the partnership is designed to inject capital into the project in a non-dilutive manner for existing shareholders [2][4]. According to Julian Treger, Copper Intelligence’s extensive operational experience in Africa will be instrumental in guiding CoTec’s execution strategy within the DRC [1].
Next Steps and Regulatory Milestones
Before capital resources are fully committed, any identified asset opportunities will undergo rigorous legal and technical due diligence [1][2]. Furthermore, because the term sheet involves an investment vehicle tied to CoTec’s leadership, binding agreements on an asset-by-asset basis will require explicit approval from the independent members of CoTec’s Board of Directors [1][2]. The companies have set a target to finalize mutually acceptable definitive agreements by the third quarter of 2026, contingent upon their progress in securing specific tailings targets [1][2].