MagIron LLC announced that it has received $0.120225 million in funding from CoTec Holdings Corp.

CoTec Holdings Corp. is a Canada-based environment, social, and governance (ESG)-focused company investing in technologies. The Company focuses on investment in disruptive and scalable technology in the mineral extraction industry and, in parallel, acquiring assets to which the technology could be applied. It supports the transition to a lower carbon future for the extraction industry. It invests in, licenses and owns technologies that are transformative, disruptive and result in lower carbon footprints than existing processes for extracting, refining and processing metals and minerals. Its initial focus is acquiring stakes in multiple technologies, which are disruptive and scalable. Through licensing, joint ventures and operations, it applies its acquired technology interests and rights to assets in multiple commodities. These assets range from traditional mines to waste dumps and recycled scrap.