BHP-Backed Startup Delivers First Copper at Chile Leaching Plant
A Chilean startup backed by BHP Group has delivered its first copper cathodes from a demonstration plant at a mine site in northern Chile as the industry looks to squeeze out more metal from lower quality ore.
Ceibo extracted the metal from sulfide ores at a mine owned by Cia. Minera San Geronimo, or CMSG, using a proprietary leaching process, the two companies said in a statement Tuesday.
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Miami Herald
2 hours ago
- Miami Herald
CoTec Investment Ceibo Successfully Produces Copper Cathodes at Demo Plant, Marking a Major Milestone in Copper Sulfide Leaching Technology
VANCOUVER, BC / ACCESS Newswire / June 5, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that its investment, Ceibo Inc. ("Ceibo"), has achieved a significant milestone with the successful production of copper cathodes at a demonstration plant in partnership with Chilean copper producer Compañía Minera San Gerónimo ("CMSG"). The achievement validates the significant progress Ceibo's proprietary copper sulfide leaching technology has achieved and demonstrates its potential to revolutionize copper production. For more information on Ceibo's announcement, please visit: Ceibo Successfully Launches Copper Production at Compañía Minera San Gerónimo (CMSG). The demonstration plant, constructed at CMSG's mine in northern Chile, began construction in February 2025 and delivered its first copper cathodes just three months later. The plant has operated continuously since commissioning, showcasing the speed, reliability, and scalability of Ceibo's leaching process. This process integrates seamlessly with existing infrastructure, enabling faster and more efficient copper recovery than conventional methods, while unlocking resources once considered too challenging or uneconomical to process. Julian Treger, CEO of CoTec, commented: "We are excited to see Ceibo's technology successfully produce copper cathodes at their demo plant. This achievement is a testament to the quality, strength and dedication of the Ceibo team and underscores the transformative potential of their technology in the copper sector. Global copper supply is critical to the energy transition, Ceibo's approach aligns with CoTec's strategy to invest in technologies which accelerate critical mineral production and deliver early revenue. CoTec is actively exploring joint venture opportunities to identify operating assets where Ceibo's technology could be deployed, further demonstrating CoTec's commitment to accelerating the commercialization and global impact of this breakthrough technology." Ceibo's advanced leaching technology leverages cutting-edge chemistry, data analytics, and AI-driven modeling to enhance copper recovery from primary sulfide ores such as chalcopyrite. By enabling copper extraction from ores previously considered too difficult to process on-site, Ceibo's solution addresses the industry's shift from oxide to sulfide ores and supports a more efficient, lower carbon production process. If scaling is successful, CoTec believes that Ceibo's technology will deliver significant economic and environmental benefits, including faster project timelines, lower operating costs, and reduced environmental footprints. These advantages could fundamentally reshape copper production globally and help meet the growing demand for copper in the green economy. CoTec participated in Ceibo's Series B financing round in 2022, joining a consortium of leading mining-focused investors, including BHP Ventures, Orion Industrial Ventures, and Unearth Capital, alongside existing investors Khosla Ventures and Aurus Ventures. In total, Ceibo raised over US$30 million in that round to advance its technology towards commercialization. In November 2024, Ceibo announced it had partnered with Glencore's Lomas Bayas mining company to deploy Ceibo's proprietary leaching technologies. About CoTecCoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX-V") and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector. Please visit For further information, please contact:Braam Jonker - (604) 992-5600 Forward-Looking Information Cautionary StatementStatements in this press release regarding the Company and its investments which are not historical facts are "forward-looking statements" which involve risks and uncertainties, including statements relating to Ciebo and it progress relating to copper production and future success, as well as management's expectations with respect to other 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, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social disruptions. 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, a copy of which may be found under the Company's SEDAR profile at The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company's continuous disclosure documents which are available on SEDAR+ at 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.
Forbes
3 hours ago
- Forbes
Mixus AI Agent Tool Includes Human Intervention
is a collaborative artificial intelligence platform that incorporate human participation to ... More help ensure accuracy of results. In the world of artificial intelligence, when the technology spits out inaccurate information, instead of calling it what it is, a screw up, the industry invented a softer euphemism—hallucination. Those hallucinations have the potential of causing physical or financial harm, or at the least, a major embarrassment. But a months-old startup called has added a very analog backstop to catching errors before they do any harm—the human brain. Indeed, its name is a portmanteau of mix and us, meaning blending artificial with human intelligence to help ensure accuracy. The simple explanation is when a user makes an AI query, in addition to a AI-generated response also recommends people who have expertise, experience or knowledge on the specific topic. The user can then add those recommended people into their chat and converse with them and AI together. Building on that original model, has now added an even more powerful tool it calls 'colleague in the loop' AI agents, which can conduct a vast array of tasks such as generating social media posts, emails or lists, to name a few. The twist is, the content goes nowhere until trusted human beings in a user's network act as editors and fact-checkers. co-creators Shai Magzimof (left) and Elliot Katz. 'By bringing colleagues into the loop, you get the full power of AI agents, the efficiency and the time savings, etc, without the any of that downside risk of AI mistakes going undetected,' explained Elliot Katz, who co-founded with Shai Magzimof. Creating AI agents on mixus does not require any sort of coding or programming knowledge, just the ability to read and write. 'The beauty of this is someone who's never used AI, someone who doesn't even know what an AI agent is, you can create, can build and use agents on mixus,' declared Katz, in an interview. In the video below, Katz demonstrates how a colleague in the loop AI agent is created in mixus. There's no shortage of examples of the volume of AI hallucinations causing companies and individuals to swoon from their effects. A report released in April by OpenAI, which operates the popular ChatGPT platform, revealed its o3 model hallucinated over 50% of the time, meaning every other answer was incorrect. And OpenAI's o4-mini model performed even worse: nearly four out of five responses were wrong, meaning it fabricated answers nearly 80% of the time. A very recent example occurred just last month when a summer reading list written by a syndicated freelance writer using AI appeared in such major market newspapers as the Chicago Sun-Times and Philadelphia Inquirer. As reported in the Sun-Times, the writer admitted he never double-checked the results of his AI search which was incredibly unfortunate because several of the book titles in the list never actually existed, making the AI-generated summaries equally false. Katz contends it's an example of a situation that could have been prevented by use of the colleague in the loop system. 'They could be using mixus, and they could have rules that are brought out through mixus, that say, before you publish anything, you have to have your editor or a colleague or multiple colleagues press that verify button, meaning they've actually reviewed they know that what the AI put out is real and not total slop, etc,' Katz said. Investors are backing the playbook. The company just closed its $2.6 million pre-seed funding round which included participation by Liquid 2, former NFL star quarterback Joe Montana's venture capital firm. Access to is by subscription. The company offers a free, 14-day trial to individuals using a business or personal email address. After that period, anyone who wants to continue as a user will need to contact mixus for 'custom pricing,' according to Katz. Since launching late last year, has changed its business model from B to C, targeting consumers, to now targeting businesses, for which, errors can be more consequential according to Katz. That doesn't mean individuals who are self-employed or are freelancers can't sign up. They just can't do so alone. It's all based on maintaining the collaborative nature of the site. 'You have to sign up with four other people, because that's key. We want colleagues in the loop,' said Katz. 'We are working with businesses that want to deploy AI in an AI agents in a way that they don't have to deal with these undetected AI mistakes.' You can listen or watch the entire interview with Elliot Katz and an extended demonstration of the colleague in the loop AI agent creation tool in the author's podcast Tales From the Beat.
Indianapolis Star
3 hours ago
- Indianapolis Star
CoTec Investment Ceibo Successfully Produces Copper Cathodes at Demo Plant, Marking a Major Milestone in Copper Sulfide Leaching Technology
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ('CoTec' or the 'Company') is pleased to announce that its investment, Ceibo Inc. ('Ceibo'), has achieved a significant milestone with the successful production of copper cathodes at a demonstration plant in partnership with Chilean copper producer Compañía Minera San Gerónimo ('CMSG'). The achievement validates the significant progress Ceibo's proprietary copper sulfide leaching technology has achieved and demonstrates its potential to revolutionize copper production. For more information on Ceibo's announcement, please visit: Ceibo Successfully Launches Copper Production at Compañía Minera San Gerónimo (CMSG). The demonstration plant, constructed at CMSG's mine in northern Chile, began construction in February 2025 and delivered its first copper cathodes just three months later. The plant has operated continuously since commissioning, showcasing the speed, reliability, and scalability of Ceibo's leaching process. This process integrates seamlessly with existing infrastructure, enabling faster and more efficient copper recovery than conventional methods, while unlocking resources once considered too challenging or uneconomical to process. Julian Treger, CEO of CoTec, commented: 'We are excited to see Ceibo's technology successfully produce copper cathodes at their demo plant. This achievement is a testament to the quality, strength and dedication of the Ceibo team and underscores the transformative potential of their technology in the copper sector. Global copper supply is critical to the energy transition, Ceibo's approach aligns with CoTec's strategy to invest in technologies which accelerate critical mineral production and deliver early revenue. CoTec is actively exploring joint venture opportunities to identify operating assets where Ceibo's technology could be deployed, further demonstrating CoTec's commitment to accelerating the commercialization and global impact of this breakthrough technology.' Ceibo's advanced leaching technology leverages cutting-edge chemistry, data analytics, and AI-driven modeling to enhance copper recovery from primary sulfide ores such as chalcopyrite. By enabling copper extraction from ores previously considered too difficult to process on-site, Ceibo's solution addresses the industry's shift from oxide to sulfide ores and supports a more efficient, lower carbon production process. If scaling is successful, CoTec believes that Ceibo's technology will deliver significant economic and environmental benefits, including faster project timelines, lower operating costs, and reduced environmental footprints. These advantages could fundamentally reshape copper production globally and help meet the growing demand for copper in the green economy. CoTec participated in Ceibo's Series B financing round in 2022, joining a consortium of leading mining-focused investors, including BHP Ventures, Orion Industrial Ventures, and Unearth Capital, alongside existing investors Khosla Ventures and Aurus Ventures. In total, Ceibo raised over US$30 million in that round to advance its technology towards commercialization. In November 2024, Ceibo announced it had partnered with Glencore's Lomas Bayas mining company to deploy Ceibo's proprietary leaching technologies. About CoTec CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ('TSX-V') and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector. Please visit For further information, please contact: Braam Jonker – (604) 992-5600 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' which involve risks and uncertainties, including statements relating to Ciebo and it progress relating to copper production and future success, as well as management's expectations with respect to other 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, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social disruptions. 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, a copy of which may be found under the Company's SEDAR profile at The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company's continuous disclosure documents which are available on SEDAR+ at 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.
