CoTec Announces Acceleration of Warrants

Rhea-AI Summary

CoTec (OTCQB:CTHCF / TSX-V:CTH) announced the acceleration of 17,339,336 warrants issued in a May–July 2025 financing after the TSX-V share price exceeded C$1.35 for 15 consecutive trading days ended March 3, 2026.

The accelerated expiry date is April 10, 2026 (37 days after this notice). To date 5,132,643 warrants have been exercised for gross proceeds of C$6,159,172; if the remaining 12,206,696 are exercised, CoTec would receive approximately C$14,648,036.

Positive

• Warrants exercised: 5,132,643 generated C$6.16M gross proceeds
• Remaining potential financing of approximately C$14.65M if all remaining warrants exercise

Negative

• Potential dilution of 12,206,696 common shares if remaining warrants are exercised
• Accelerated expiry gives holders 37 days to exercise, raising execution risk for warrant holders

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / March 4, 2026 / CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce the accelerated expiry date of the common share purchase warrants ("Warrants") issued by the Company pursuant to the Listed Issuer Finance Exemption ("LIFE") Offering and Private Placement announced by the Company on May 20, 2025 and completed in tranches on June 18, July 3, July 16 and July 21, 2025 (together the "Financing").

The Company issued an aggregate of 17,339,336 Warrants pursuant to the Financing entitling the holders thereof to purchase one common share of the Company ("Common Share") per Warrant at an exercise price of C$1.20 per Common Share for a period of 18 months following the date of issuance, subject to the Acceleration Clause (as defined herein).

The Warrants are subject to an accelerated expiry provision such that if, for any 15 consecutive trading days during the unexpired term of the Warrants, the closing price of the Common Shares on the TSX-V exceeds $1.35 (the "Acceleration Trigger"), the Company may accelerate the expiry date of the Warrants by way of an announcement ("Acceleration Clause").

The Company hereby advises that the Acceleration Trigger has been met as a result of the closing price of the Common Shares on the TSXV exceeding $1.35 for a period of 15 consecutive trading days ended March 3, 2026. Accordingly, the accelerated expiry date of the Warrants shall be Wednesday, April 10, 2026 ("Accelerated Expiry Date"), being 37 days following the date of this notice. All Warrants that remain unexercised after 5:00 p.m. (Vancouver time) on the Accelerated Expiry Date will expire and become void and of no further force or effect.

To date, 5,132,643 Warrants have been exercised resulting in gross proceeds of $6,159,172 to the Company. If all the remaining 12,206,696 Warrants are exercised, the Company will receive further gross proceeds of approximately C$14,648,036.

About CoTec

CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains.

CoTec's mission is clear: accelerate the energy transition while strengthening strategic mineral supply chains for the countries we operate in. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a differentiated platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:

Braam Jonker - (604) 992-5600
Chief Financial Officer

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" that involve risks and uncertainties. Forward-looking statements in this release include, without limitation, statements relating to the advancement, development, financing and potential construction of the Company's projects and investments; anticipated economic metrics; expected production, permitting, engineering and execution milestones; potential strategic transactions or listings; future investment opportunities; and management's expectations regarding the Company's strategy and growth plans. Such forward-looking statements are based on a number of assumptions, including assumptions regarding the continued advancement of the Company's projects, availability of financing, receipt of required permits and approvals, commodity price assumptions, and general economic and market conditions. Since forward-looking statements address future events and conditions, by their nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation: risks relating to project development and execution; the ability to obtain financing on acceptable terms or at all; changes in commodity prices; changes in government regulation or policy; permitting and environmental risks; joint venture and counterparty risks; and general economic, market and industry conditions. For further details regarding risks and uncertainties facing the Company, readers are encouraged to review the Company's public disclosure documents, which are available under the Company's SEDAR+ profile at www.sedarplus.ca.

Neither the 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.

View the original press release on ACCESS Newswire

FAQ

What triggered the warrant acceleration for CoTec (CTHCF) on March 4, 2026?

The acceleration was triggered because CoTec's TSX-V closing share price exceeded C$1.35 for 15 consecutive trading days. According to the company, that met the Acceleration Trigger and permitted advancing the expiry date under the warrant terms.

When is the accelerated expiry date for CoTec warrants (CTHCF) and how long do holders have?

The accelerated expiry date is Wednesday, April 10, 2026, giving holders 37 days from this notice to act. According to the company, all unexercised warrants expire at 5:00 p.m. Vancouver time on that date.

How many CoTec (CTHCF) warrants remain and what proceeds would exercise generate?

There are 12,206,696 remaining warrants; full exercise would generate approximately C$14,648,036 in gross proceeds. According to the company, each warrant converts to one common share at C$1.20 per share.

How many CoTec (CTHCF) warrants have already been exercised and what was raised?

To date, 5,132,643 warrants have been exercised, yielding gross proceeds of C$6,159,172. According to the company, those proceeds were received from warrant holders exercising at the C$1.20 exercise price.

What happens to CoTec (CTHCF) warrants not exercised by the accelerated expiry date?

Any warrants not exercised by 5:00 p.m. (Vancouver time) on April 10, 2026 will expire and be void. According to the company, unexercised warrants will become of no further force or effect after that deadline.