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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 (TSXV:CTH, OTCQX:CTHCF) reported that portfolio company MagIron, in which it holds about 17% fully diluted, has achieved excellent results in its first independent full pot-grate pellet test program at the University of Minnesota’s NRRI.
The tests, using concentrate from MagIron’s 2025 pilot plant, showed fired pellets with strong durability and performance under direct reduction conditions, supporting suitability for DR-grade pellet and DRI applications. MagIron is also optimizing its process flowsheet, including coarser grind and lower reagent use, which is expected to improve project economics while maintaining concentrate quality. CoTec notes the information comes from MagIron’s public disclosure and has not been independently verified.
CoTec Holdings (TSXV:CTH)(OTCQX:CTHCF) filed its unaudited Q2 2026 interim financial statements and MD&A for the period ended June 30, 2026. The company reported a net loss of $7.6 million for the quarter, driven mainly by non-cash accounting items and financing charges, and a net loss of $10.3 million for the six months.
Key non-cash components included a $1.4 million share of loss from associates/joint ventures, $4 million finance expense largely related to the HyProMag USA receivable, a $568,000 loss on settlement of convertible loans, and $1.1 million in stock-based compensation, partially offset by gains and finance income.
Operationally, CoTec advanced HyProMag USA by installing pre-processing units at U.S. sites, taking occupation of a 125,000-square-foot Texas facility and starting long-lead equipment procurement. At Lac Jeannine, an updated 2026 PEA outlined an after-tax NPV (7%) of US$92 million, a 29.6% IRR, 15-year mine life and 5.4 Mt life-of-mine concentrate production.
Corporate actions included $19.1 million in warrant exercise proceeds, settlement of $2.6 million in convertible loan principal via equity at $1.15 per share, a further $4 million drawdown and subsequent conversion into 3,007,518 shares at $1.33 per share, graduation to the OTCQX market, and signing a term sheet for a copper tailings joint venture in the DRC.
CoTec Holdings (TSXV:CTH, OTCQX:CTHCF) plans a non-brokered private placement of up to $20 million in unsecured convertible debentures. The debentures bear 12.5% annual interest, payable semi-annually from February 28, 2027, and mature five years from issuance. Principal is convertible into common shares at CAD$1.75 per share at the holder’s option.
CoTec may redeem the debentures at any time, with a make-whole interest feature if redeemed before the third anniversary. Principal and interest can be settled in cash or, subject to TSXV approval, in shares. Proceeds are expected to fund HyProMag USA magnet recycling equipment and working capital. Certain insiders are expected to participate, making the placement a related party transaction under MI 61-101, with CoTec relying on available exemptions. Closing is targeted for August 2026, subject to TSXV and other approvals, and the securities will carry a four-month-plus-one-day hold period.
CoTec Holdings (TSXV:CTH)(OTCQX:CTHCF) reports that its investee MagIron LLC, in which it holds about 17% on a fully diluted basis, has completed a positive pig iron concept and economic study for its Minnesota iron ore and Indiana pelletizing facilities, prepared by Primetals Technologies.
The Study outlines three technically credible pathways to produce roughly 2 million tonnes per year of granulated pig iron, alongside DR-grade pellet output, leveraging existing infrastructure with an aggregate replacement value of about US$1.3 billion. MagIron indicates intent to advance domestic pig iron production, subject to further technical and feasibility work.
CoTec Holdings (TSXV:CTH, OTCQX:CTHCF) reports that MagIron, a U.S. company in which it holds an approximately 17% fully diluted equity stake, has implemented senior leadership changes and completed an additional insider capital raise at a US$550 million pre-money valuation.
Joe Nielsen has been appointed Chief Operating Officer of MagIron to lead operational and technical workstreams for the planned restart of its Minnesota iron ore concentrator and Indiana pellet plant. Larry Lehtinen has moved from Chief Executive Officer to Executive Director, while CoTec CEO Julian Treger has assumed the role of Executive Chairman of MagIron and continues to lead its board and strategy. MagIron stated that new capital from existing shareholders will fund ongoing technical, engineering, commercial and financing activities to support the restart of its facilities.
CoTec Holdings (TSXV:CTH, OTCQX:CTHCF) reported metallurgical test work for the Lac Jeannine Mine Tailings Reclamation and Restoration Project in Québec confirming production of a high‑purity iron concentrate grading in excess of 67% FeT, low in silica, alumina and other deleterious elements. This exceeds the 67% iron threshold for classification as high‑purity iron under Québec’s critical and strategic minerals framework and aligns with Canada’s updated Critical Minerals List.
The new results build on the 2026 Project PEA, which indicated a concentrate grade of about 66.8% Fe, an after‑tax NPV of US$91.9 million, and an IRR of 29.6% over a 15‑year mine life. The 67% FeT outcome, generated from bulk samples tested at Corem and engineering work by BBA, forms part of an ongoing NI 43‑101 Feasibility Study. Environmental baseline studies and engagement with Indigenous communities and government stakeholders are progressing as CoTec advances reprocessing of the Lac Jeannine tailings and rehabilitation of Québec’s largest abandoned mine site under government responsibility.
CoTec Holdings (TSXV:CTH, OTCQX:CTHCF) has engaged Epstein Research to provide investor relations services, subject to acceptance by the TSX Venture Exchange. CoTec will pay US$10,800 upfront for an initial six‑month term, with any extension requiring mutual agreement. Epstein Research currently holds no direct or indirect interest in CoTec securities.
CoTec focuses on breakthrough technologies for rare earth magnets and strategic materials, including a HyProMag USA magnet recycling joint venture in Texas and iron tailings reprocessing in Québec, aiming to build secure, sustainable and low‑cost critical mineral supply chains.
CoTec Holdings (TSXV:CTH)(OTCQX:CTHCF) reports that joint venture HyProMag USA will develop its Dallas–Fort Worth “Texas Hub” in phases, starting with early downstream magnet finishing. Commissioning of initial finished NdFeB magnet production equipment in Texas is targeted for H1 2027, using up to 20 tonnes of magnet blocks supplied from HyProMag operations in the UK and Germany for U.S. customers.
The integrated Hydrogen Processing of Magnet Scrap (HPMS) section is targeted for Q2 2028, with initial annual capacity of about 400 t recycled sintered NdFeB magnets and 278 t NdFeB co‑products, ramping toward a previously announced 1,526 t magnetic-products capacity. Long-lead equipment has been ordered, customer sample programs and feedstock discussions are advancing, the Class 2 engineering study is ~38% complete, and CoTec and Mkango continue to evaluate a potential future U.S. listing for HyProMag USA.
CoTec (TSX-V:CTH, OTCQX:CTHCF) will host a business update webinar on Thursday, July 30, 2026 at 11:00am EST / 8:00am PST, led by CEO Julian Treger and CFO Braam Jonker. The event will highlight portfolio momentum and multiple near-term value catalysts, including HyProMag USA's progress toward commercial production in Texas through feedstock stockpiling, Inserma pre-processing units and ongoing engineering work, and the continued de-risking of the Lac Jeannine Project via drilling, positive project economics and a feasibility study led by BBA. The webinar will also address CoTec's broader North American growth strategy focused on scalable, low-carbon supply chains in rare earths, iron and copper, followed by a Q&A session. Investors can register via the provided Zoom link.
CoTec (OTCQB:CTHCF) filed an independent NI 43-101 technical report and preliminary economic assessment for its Lac Jeannine Mine Tailings Reclamation and Restoration Project in Québec, effective March 23, 2026. CoTec reports no material changes from PEA results released May 20, 2026.
The property includes 31 mineral claims over 1,649.34 ha, covering the former Lac Jeannine open pit mine and tailings storage facility, where about 260 million long tons of 33% iron ore were historically extracted. CoTec aims to reprocess tailings for residual iron and rehabilitate the site.