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CoTec Engages BBA for Lac Jeannine Project Feasibility Study

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FAQsIR News Desk
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#CoTec Appoints BBA for Feasibility Study

CoTec Holdings Corp. announced the engagement of BBA Inc., a Québec-based engineering firm, to lead a bankable feasibility study for the Lac Jeannine Iron Tailings Recovery Project. This initiative marks a significant step towards reclaiming legacy waste sites and transforming them into valuable resources in Québec, Canada.

#Project Overview

The Lac Jeannine project aims to recover iron ore from historical tailings, which could yield high-grade iron ore concentrate for the green steel industry. Julian Treger, CEO of CoTec, emphasized that this project aligns with the company’s strategy to deploy innovative and environmentally responsible technologies to enhance economic returns while addressing historical environmental issues.

#Enhancing Project Viability

Preliminary assessments suggest that incorporating adjacent tailings could nearly double the operational lifespan of the mining project, significantly enhancing its potential economic value. The forthcoming feasibility study will build on the positive results from a previous Preliminary Economic Assessment conducted in 2024, which projected a pre-tax net present value of approximately $93.6 million.

#Timeline for Completion

The feasibility study is anticipated to unfold through a staged approach, with completion expected in the latter half of 2026. The results of new drilling and bulk sampling planned for early 2026 are expected to further refine the resource estimate and solidify support from strategic partners, including government bodies and local First Nations.

#About Lac Jeannine

The Lac Jeannine property spans 1,649 hectares in Québec's Côte-Nord region and was previously an operational iron mine from 1961 to 1976. CoTec plans to reprocess the tailings deposited at the site to recover residual iron while also rehabilitating the tailings storage facility.

#Key Takeaways

  • BBA Inc. has been hired to conduct a feasibility study for CoTec's Lac Jeannine Iron Tailings Recovery Project.
  • The project aims to transform historical tailings into high-grade iron ore concentrate, supporting green steel production.
  • Inclusion of adjacent tailings could nearly double the project’s operational lifespan.
  • Completion of the feasibility study is expected by the second half of 2026, following new drilling for resource evaluation.
  • The project seeks to recover value from legacy waste while addressing environmental liabilities.

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Frequently Asked Questions

The Lac Jeannine Iron Tailings Recovery Project aims to reclaim legacy waste sites in Québec by processing iron tailings to recover valuable resources. The project reflects a strategic move by CoTec to employ innovative and environmentally responsible technologies to enhance resource recovery.
CoTec has engaged BBA Inc., a Québec-based engineering firm, to lead the bankable feasibility study for the Lac Jeannine project. Their expertise will be crucial in designing an efficient reclamation plan that can unlock significant economic value.
The project is expected to generate strong economic returns while mitigating historical environmental liabilities. Additionally, by potentially doubling the mine life with adjacent tailings inclusion, it unlocks substantial upside potential for CoTec.
Strategic partnerships are essential as they can enhance the project's support from key stakeholders, including the Government of Québec and local First Nations. These collaborations may provide various resources and advantages as the project progresses.
The feasibility study will build upon the positive results of the 2024 Preliminary Economic Assessment, which indicated a pre-tax NPV of approximately US$93.6 million. This groundwork suggests a solid foundation for the project’s financial viability.
The project aims to produce high-grade iron ore concentrate suitable for the green steel industry, positioning CoTec favourably amidst increasing demand for sustainable materials.
The feasibility study is anticipated to be carried out through a staged approach, with completion expected by the second half of 2026, allowing for adequate validation of the project’s economic potential.
CoTec aims to redefine resource extraction and recycling while accelerating the energy transition. By focusing on sustainable practices and innovative technologies, the company seeks to establish long-term growth and robust supply chains for critical minerals.