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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, TSXV:CTH) converted the full $4,000,000 principal of its amended and restated convertible loans with Kings Chapel and Epic Capital into equity at $1.33 per share.
The company issued 3,007,518 common shares and now has no principal outstanding under these loans.
CoTec Holdings (OTCQX:CTHCF, TSXV:CTH) has drawn the full $4,000,000 available under its amended and restated convertible loan facilities with Kings Chapel and Epic Capital for working capital.
The loans are convertible at $1.33 per share into 3,007,518 common shares and accompanied by 1,503,758 one-year warrants at the same price, subject to TSXV approvals and Canadian hold periods.
CoTec Holdings (OTCQX:CTHCF) reported that joint venture HyProMag USA has taken occupation of its ~125,000-square-foot Dallas-Fort Worth facility at Ironhead Commerce Center in Texas.
The hub will use patented HPMS technology and is expected to produce 1,552 metric tons of recycled NdFeB products annually, create 90–100 skilled jobs, and anchor a U.S. hub-and-spoke rare earth magnet recycling platform.
CoTec Holdings (OTCQB:CTHCF, TSXV:CTH) filed unaudited Q1 2026 financial statements and MD&A for the period ended March 31, 2026. The company reported a net loss of $2.6 million, mainly from $1.2 million G&A and a $1.4 million share of associate and joint venture losses.
Operational highlights included progress at HyProMag USA on feedstock supply, financing discussions, and a concept study targeting up to triple US rare earth magnet capacity by 2029. MagIron completed a Definitive Feasibility Study showing an after-tax NPV of about US$1.598 billion and 27.6% IRR. At Lac Jeannine, a 2026 PEA outlined after-tax NPV (7%) of US$92 million, 29.6% IRR, a 15-year mine life, and 5.4 Mt total concentrate production.
Warrant exercises generated total gross proceeds of $19.9 million, with 95.6% of warrants converted by April 10, 2026.
CoTec (OTCQB:CTHCF) released an updated 2026 Preliminary Economic Assessment and Mineral Resource Estimate for the Lac Jeannine iron tailings project in Québec.
Highlights include a 41% resource increase, 15-year life of mine, 5.4 Mt total concentrate, and an after-tax NPV of US$91.9M with a 29.6% IRR.
CoTec (TSXV:CTH / OTCQB:CTHCF) signed a non-binding term sheet with U.S. company Copper Intelligence and investment vehicles linked to CoTec's CEO and Chairman to form an early-stage exploration joint venture targeting processing of historical copper tailings in the Democratic Republic of Congo.
The JV will pursue tailings opportunities in the Central African Copperbelt, use CoTec technologies where applicable, require asset-by-asset due diligence and independent board approvals, target U.S. International Development Finance Corporation funding at scale, and aims for definitive agreements by Q3 2026.
CoTec Holdings (TSXV:CTH | OTCQX:CTHCF) qualified to trade on the OTCQX Best Market, upgrading from OTCQB effective May 5, 2026. U.S. investors can access current financial disclosure and Real-Time Level 2 quotes on otcmarkets.com. The upgrade signals meeting OTCQX financial, governance and compliance standards and aims to increase visibility with U.S. investors while CoTec advances HyProMag USA toward commercial production of recycled rare earth magnets.
CoTec (TSXV:CTH / OTCQB:CTHCF) granted equity awards under its Long Term Incentive Plan with an effective grant date of April 30, 2026 (closing price $1.34).
Grants include 598,274 stock options exercisable at $1.34 for 10 years (1/3 vesting annually over three years), 1,364,482 restricted share units vesting 1/3 per year, and 213,919 deferred share units for directors vesting after 12 months.
CoTec Holdings (TSXV:CTH / OTCQB:CTHCF) repaid $2.6M drawn under its August 11, 2025 convertible loan facilities by issuing 2,260,869 common shares at $1.15 per share. The parties amended the remaining $4.0M facility: draws available until June 12, 2026, 10% annual interest, 2.5% standby fee, repayable Dec 31, 2028, convertible at $1.33 per share with one-year warrants equal to 50% of each draw.
Kings Chapel is a related-party lender; its ownership increases to ~38.18% post-conversion. Securities subject to TSXV approval and four-month hold periods.
CoTec Holdings (TSXV:CTH / OTCQB:CTHCF) filed audited annual financial statements and MD&A for year ended Dec 31, 2025, reporting a $19.2 million net loss. The loss includes $7.7 million of non-cash provisions and $5.5 million share of loss of associates/joint ventures.
Operational milestones include progress at HyProMag USA, MagIron acquisitions and studies, Lac Jeannine drilling and feasibility work, and completed financings and strategic partnerships.