CoTec Holdings Corp. Files First Quarter 2023 Results and Targets Operational Roll-Out - Seite 2

"Our MagIron investment is also progressing very well. Recent independent metallurgical test work at laboratory scale has indicated the potential of MagIron's Plant 4 to both significantly increase iron recoveries from historical levels which were previously achieved and to produce DR grade iron concentrate. MagIron plans to commence a limited restart of Plant 4 during the latter half of 2023 to test these results at scale.

"Finally, with our recent investment in Ceibo Inc., we have now secured interests in recycling rare earth elements, green iron ore and low carbon, low-cost copper. CoTec is continuing to deliver on its key strategic objectives by applying ground-breaking disruptive technologies to build operating businesses which will play an essential role in the transition towards a carbon-neutral energy system."

About CoTec

CoTec is an ESG-focused company investing in innovative technologies that have the potential to fundamentally change the way metals and minerals can be extracted and processed. The Company is committed to supporting the transition to a lower carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. CoTec is a publicly traded mining issuer listed on the Toronto Venture Stock Exchange and OTCQB and trades under the symbols CTH.V and CTHCF respectively.

For further information, please contact:

Braam Jonker - [phone]

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to management's expectations with respect to its current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. For further details regarding risks and uncertainties facing the Company please refer to "Risk Factors" in the Company's filing statement dated April 6, 2022 and in the Company's other filings with Canadian securities regulators, copies of which may be found under the Company's SEDAR profile at www.sedar.com,.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: CoTec Holdings Corp.

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The EastCoal Stock at the time of publication of the news with a raise of 0,00 % to 0,001EUR on Frankfurt stock exchange (19. Oktober 2017, 10:15 Uhr).