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Assets & Technologies

Overview
Binding Solutions Ltd. logo

Binding Solutions Ltd.

Investment Year

2022

Sector

Steel

HQ

UK

Status

Active

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The Company

BSL is a UK based company governed by the laws of England and Wales that has developed a proprietary cold agglomeration technology for the production of high-quality clean pellets from primary materials, waste dumps, and stockpiles.

The Partnership

CoTec has agreed to subscribe for a minimum of US$3.0 million and a maximum of US$4.0 million to be funding in two tranches. The Company and BSL will enter into an investment agreement where CoTec will receive the exclusive right to apply BSL’s pelletization technology to ferroalloy and slag waste projects in Canada, Germany, Austria and the Netherlands for a period of 36 months from the date of the investment agreement. Such application would be via one or more joint venture entities that would initially be owned 50/50 by CoTec and BSL and on terms and conditions set out in the investment agreement.

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