Cotec press release14 Sep 2023 07:03
From yesterday julians comments encouraging:-
VANCOUVER, BC / ACCESSWIRE / September 13, 2023 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that HyProMag Limited ("HyProMag"), an investee company of CoTec, is collaborating with Europe Metal Recycling Limited ("EMR"), the Offshore Renewable Energy (ORE) Catapult, Magnomatics and University of Birmingham in a £1.5 million project, Re-RE Wind (the "Project").
£1.0 million or 67% of the Project will be funded by Innovate UK's circular critical materials supply chains (CLIMATES) programme. The budget for HyProMag's portion of the Project is circa £350,000 of which 70% will be funded by the grant.
Julian Treger, CoTec CEO commented; "We are very pleased with this latest development at HyProMag that again confirms its position as a key player amongst industry leaders in the rare earth renewable space. This project further supports HyProMag as it scales up HPMS (Hydrogen Processing of Magnet Scrap) and rolls-out the technology internationally. We are looking forward to assist HyProMag in its European endeavors and its roll out in the US."