CoTec Holdings Corp. reports developments in critical-mineral technology, resource extraction and recycling. Company updates center on rare earth magnet recycling through HyProMag USA, iron tailings reprocessing in Québec, copper and iron opportunities, and the use of technologies such as Hydrogen Processing of Magnet Scrap and multi-gravity separation for strategic materials recovery.
Recurring news also covers capital structure activity, including warrants, convertible loan facilities and common share issuance; annual financial statements and MD&A; long-term incentive grants; exchange and OTC market status; and joint venture or portfolio updates tied to CoTec's strategy of pairing resource assets with processing technologies.
CoTec Holdings (OTCQX:CTHCF) reported a net loss of $4.2 million for the third quarter ended September 30, 2026. The nine-month net loss was $14.5 million, with $4.0 million of operating cash used before non-cash working-capital changes. Quarter-end cash was $9.9 million, before the final financing closing.
CoTec completed a $20 million convertible debenture financing, bearing 12.5% annual interest and convertible at $1.75 per share. At HyProMag USA, first sample magnets reached potential customers, power capacity was secured and initial process equipment arrived. CoTec targets Northlake cutting and finishing commissioning in the first half of 2027 and Phase 1 in mid-2028; Lac Jeannine's feasibility study is expected by mid-2027.
Following a share-price decline, CoTec said it knew of no undisclosed material information and no material business, operational or previously announced timeline changes explaining the trading.
CoTec Holdings (CTHCF) announced that its HyProMag USA joint venture received the first major process equipment at its Northlake, Texas facility. The rare earth magnet recycling and manufacturing project has secured a long-term site lease and electrical power capacity through Oncor. Permitting and contractor selection remain underway.
HyProMag USA targets initial magnet cutting and finishing in the first half of 2027, followed by Phase 1 integrated operations commissioning in mid-2028. The facility targets approximately 1,526 metric tons per year of total payable production upon Phase 2 completion. A completed expansion pre-feasibility study targets approximately 4,192 metric tons per year of magnet production and approximately 6,000 metric tons per year of total salable materials across four plants by 2034. CoTec and HyProMag Limited each own 50% of HyProMag USA.
CoTec Holdings (CTHCF) said management is unaware of material operational changes that would explain the recent increase in market activity.
CoTec Holdings (CTHCF) outlined a completed pre-feasibility study evaluating three additional plants for its HyProMag USA rare earth magnet joint venture. The proposed expansion targets approximately 4,192 metric tons of magnets annually by 2034 across four plants, versus approximately 1,048 at Northlake alone.
The study estimates incremental post-tax net present value of US$1,854 million to US$2,062 million, excluding Northlake, based on forecast prices. Estimated expansion capital costs range from US$623 million to US$656 million. Northlake's updated post-tax net present value is approximately US$723 million, down from approximately US$797 million, reflecting a later construction timetable, higher capital costs and updated operating costs. Northlake Phase 1 commissioning is expected in mid-2028. The expansion remains at the pre-feasibility stage, with further study subject to ongoing review.
CoTec Holdings (CTHCF) has signed two investor awareness agreements, both subject to acceptance by the TSX Venture Exchange.
The Investing News Network agreement adds advertising to an existing campaign running through February 27, 2027, for C$57,000 plus applicable taxes, payable in cash in advance. The one-time BTV campaign covers video production and distribution for C$10,750 plus US$6,000, plus applicable taxes, payable in cash on signing. BTV's engagement continues until services are delivered. Neither agreement involves securities-based compensation.
CoTec Holdings (CTHCF) announced that its joint venture, HyProMag USA, deployed its third hard disk drive separation system as a mobile unit. The unit complements fixed operations through Intelligent Lifecycle Solutions in South Carolina and Nevada and is intended for customer trials and on-site processing across the United States.
Commercial sales of recovered printed circuit board material to downstream smelters have generated revenue, partly offsetting the cost of acquiring and retaining magnet-bearing feedstock. Those materials remain in inventory for future rare earth recycling. CoTec expects inventories under contract and in storage, alongside active procurement, to support initial commissioning and ramp-up of Phase 1 at the planned Dallas-Fort Worth facility in 2028. Sourcing is expanding across industrial, healthcare, government and IT asset disposition sectors.
CoTec Holdings (CTHCF) completed the final closing of its unsecured convertible debenture placement, bringing total principal issued to $20 million. The final closing added $7,941,000, following the September 17, 2026 initial closing. The debt bears 12.5% annual interest, payable semi-annually in cash, with the first payment February 28, 2027. It matures September 10, 2031 and is convertible into common shares at holders' option.
CoTec intends to use net proceeds for equipment purchases at its HyProMag USA magnet recycling joint venture and general corporate needs. Offering-wide finder compensation totaled $623,400 cash and 356,228 warrants exercisable at $1.75 for 18 months from issuance. Insider Kings Chapel purchased $5 million principal at the final closing; its partially diluted ownership rose from approximately 41.55% to approximately 42.88%, while non-diluted ownership remained approximately 40.51%.
Battery Mineral Resources (BTRMF) and CoTec Holdings (CTHCF) signed a non-binding framework to evaluate additional copper production at Punitaqui in Chile. The proposed joint venture would apply technologies sourced through CoTec to lower-grade sulphide mineralization and tailings.
BMR would retain 100% ownership and economic benefit of its existing operation, including current resources, production and mine plans, under a baseline still to be agreed. Each party would receive 50% economic participation in incremental production and value from CoTec technologies and qualifying new development opportunities.
The parties plan metallurgical testing and preliminary technical and economic evaluations before negotiating definitive agreements. CoTec is expected to bear third-party costs of initial assessment and testing activities it approves. Formation of the venture remains subject to those evaluations and definitive agreements.
CoTec Holdings (CTHCF) announced that its HyProMag USA joint venture secured electrical power capacity for its Texas rare earth magnet project. Oncor capacity covers cutting and finishing operations and Phase 1; Phase 2 power requires a sub-station upgrade. Pegasus has begun contractor selection, while Weston is advancing permitting.
Cutting and finishing commissioning is targeted for H1 2027, initially using neodymium iron boron magnet blocks supplied by HyProMag Group operations. Phase 1 completion is targeted for mid-2028, with designed annual production of approximately 550 tonnes of magnet blocks and finished magnets plus 484 tonnes of co-products. Phase 2 envisages approximately 1,526 tonnes of total payable annual production, including 1,048 tonnes of magnet blocks and cylinders and 478 tonnes of co-products. HyProMag USA expects electricity to come predominantly from renewable resources.
CoTec Holdings (CTHCF) noted HyProMag Germany's selection as a Strategic Project under the European Union's Critical Raw Materials Act.
HyProMag Germany was among 46 projects selected by the European Commission and operates a rare earth magnet recycling and manufacturing facility in Pforzheim, Germany. CoTec owns 20.6% of Maginito, which holds a 90% direct and indirect interest in HyProMag Germany, assuming conversion of Maginito's convertible loan. CoTec also owns 50% of HyProMag USA, which announced the German designation on October 9, 2026. CoTec describes European recycling capacity as complementary to the U.S. venture's objective of establishing a domestic source of recycled rare earth magnetic materials.