CoTec Holdings Corp. Notes HyProMag USA Press Release Regarding Capacity Expansion Concept Study
CoTec Holdings (OTCQB:CTHCF) announced that its joint venture HyProMag USA is conducting a Concept Study to evaluate operations expansion into Nevada and South Carolina. The study, led by PegasusTSI Inc. and BBA USA Inc., will assess design and capital requirements for additional HPMS capacity and up to four new magnet production lines.
The expansion complements the Texas Hub development, with HyProMag USA's NPV for the Texas hub estimated at $600 million. The company projects a potential 3x increase in value with additional hubs. Commercial operations are targeted for H1 2027, positioning HyProMag USA to support growing U.S. demand for rare earth magnets amid government support for domestic supply chain development.
CoTec Holdings (OTCQB:CTHCF) ha annunciato che la sua joint venture HyProMag USA sta svolgendo uno studio concettuale per valutare l'espansione delle operazioni in Nevada e South Carolina. Lo studio, guidato da PegasusTSI Inc. e BBA USA Inc., esaminerà i requisiti progettuali e di capitale per aumentare la capacità HPMS e per l'installazione di fino a quattro nuove linee produttive di magneti.
L'espansione integra lo sviluppo del Texas Hub; il valore attuale netto (NPV) stimato per il hub in Texas è di 600 milioni di dollari. L'azienda prevede una possibile crescita di valore fino a 3 volte con l'aggiunta di ulteriori hub. Le operazioni commerciali sono previste per la prima metà del 2027, posizionando HyProMag USA per supportare la crescente domanda statunitense di magneti da terre rare nel contesto del sostegno governativo allo sviluppo della filiera interna.
CoTec Holdings (OTCQB:CTHCF) anunció que su empresa conjunta HyProMag USA está llevando a cabo un estudio conceptual para evaluar la expansión de operaciones a Nevada y Carolina del Sur. El estudio, dirigido por PegasusTSI Inc. y BBA USA Inc., evaluará los requisitos de diseño y capital para incrementar la capacidad HPMS y para hasta cuatro nuevas líneas de producción de imanes.
La expansión complementa el desarrollo del Texas Hub; el VAN estimado de HyProMag USA para el hub de Texas es de 600 millones de dólares. La compañía proyecta una posible multiplicación por 3 del valor con la incorporación de hubs adicionales. Se apunta a iniciar operaciones comerciales en la primera mitad de 2027, posicionando a HyProMag USA para respaldar la creciente demanda de imanes de tierras raras en EE. UU., en un contexto de apoyo gubernamental al desarrollo de la cadena de suministro nacional.
CoTec Holdings (OTCQB:CTHCF)는 공동 투자사 HyProMag USA가 네바다 및 사우스캐롤라이나로의 사업 확장을 평가하기 위한 개념 연구(Concept Study)를 진행하고 있다고 발표했습니다. PegasusTSI Inc.와 BBA USA Inc.가 주도하는 이 연구는 추가 HPMS 설비와 최대 4개의 신규 자석 생산 라인을 위한 설계 및 자본 요건을 검토합니다.
이번 확장은 텍사스 허브 개발을 보완하며, HyProMag USA의 텍사스 허브 NPV는 6억 달러로 추정됩니다. 회사는 추가 허브를 통해 가치를 약 3배로 확대할 가능성을 예상하고 있습니다. 상업 운영은 2027년 상반기를 목표로 하고 있어, 정부의 국내 공급망 육성 지원 속에서 증가하는 미국 내 희토류 자석 수요를 지원할 위치에 서게 됩니다.
CoTec Holdings (OTCQB:CTHCF) a annoncé que sa coentreprise HyProMag USA mène une étude conceptuelle afin d'évaluer l'extension des opérations vers le Nevada et la Caroline du Sud. L'étude, dirigée par PegasusTSI Inc. et BBA USA Inc., évaluera les besoins en conception et en capitaux pour accroître la capacité HPMS et pour jusqu'à quatre nouvelles lignes de production d'aimants.
Cette expansion vient compléter le développement du Texas Hub ; la VAN (NPV) estimée pour le hub texan de HyProMag USA s'élève à 600 millions de dollars. La société projette une possible augmentation de valeur de 3 fois avec l'ajout de hubs supplémentaires. Les opérations commerciales sont ciblées pour le premier semestre 2027, positionnant HyProMag USA pour soutenir la demande américaine croissante en aimants de terres rares, dans un contexte de soutien gouvernemental au développement de la chaîne d'approvisionnement nationale.
CoTec Holdings (OTCQB:CTHCF) gab bekannt, dass sein Joint Venture HyProMag USA eine Konzeptstudie durchführt, um eine Betriebserweiterung nach Nevada und South Carolina zu prüfen. Die von PegasusTSI Inc. und BBA USA Inc. geleitete Studie wird die Planungs- und Kapitalanforderungen für zusätzliche HPMS-Kapazitäten und bis zu vier neue Magnet-Produktionslinien bewerten.
Die Erweiterung ergänzt die Entwicklung des Texas Hub; der geschätzte NPV von HyProMag USA für das Texas-Hub beträgt 600 Millionen US-Dollar. Das Unternehmen rechnet mit einer möglichen Verdreifachung des Werts durch zusätzliche Hubs. Der Beginn der kommerziellen Produktion ist für die erste Hälfte 2027 geplant und positioniert HyProMag USA, um die wachsende US-Nachfrage nach Seltenen-Erden-Magneten vor dem Hintergrund staatlicher Unterstützung für den Aufbau einer heimischen Lieferkette zu bedienen.
- Texas hub NPV estimated at $600 million with potential 3x increase from additional hubs
- Strategic expansion into Nevada and South Carolina markets
- Government support for domestic rare earth magnet production
- Strong increase in rare earth and magnet prices strengthening company valuation
- Secured collaboration with Intelligent Lifecycle Solutions (ILS)
- Commercial operations not expected until H1 2027
- Capital requirements and final design specifications still pending study completion
- Financing needs still to be determined and secured
VANCOUVER, BC / ACCESS Newswire / September 4, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to note today's press release by HyProMag USA, LLC ("HyProMag USA"), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.
HyProMag USA announced the commissioning of a Concept Study to evaluate the expansion of its operations into Nevada and South Carolina in collaboration with Intelligent Lifecycle Solutions, LLC ("ILS")[i]. The Concept Study will be completed by PegasusTSI Inc. and BBA USA Inc. and will define design and capital requirements for additional Hydrogen Processing of Magnet Scrap ("HPMS")[ii] capacity and up to four new magnet production lines. The expansions are planned to complement the phased build-out of the first Texas Hub to optimize HyProMag USA's hub-and-spoke configuration in the United States.[iii]
Julian Treger, CEO of CoTec, commented: "We are very excited to begin formally expanding and optimizing the footprint of HyProMag USA to Nevada and South Carolina collaborating with our partner, ILS. HyProMag USA's NPV for the Texas hub is circa
Furthermore, given the recent strong increase in the price of rare earths and their associated magnets, the valuation of the Company continues to strengthen as detailed engineering, supply of feedstock and offtake discussions continue at pace. With the recent significant steps by the U.S. Government to support domestic supply and reshoring of rare earth magnet production, HyProMag USA is well positioned to support U.S. demand growth with commercial operations targeted in H1 2027. HyProMag USA continues to develop strategic partnership discussions with all stakeholders to accelerate financing, commissioning and product verification timelines."
For further information, please refer to HyProMag USA's press release, available at: www.hypromagusa.com
About HyProMag USA
HyProMag USA LLC is owned 50:50 by CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec") and HyProMag Limited. HyProMag Limited is 100 per cent owned by Maginito Limited which is owned on a 79.4/20.6 per cent basis by Mkango Resources Ltd. (AIM/TSX-V:MKA) and CoTec.
About CoTec
CoTec Holdings Corp. (TSXV: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 for the United States and its allies.
CoTec's mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. 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 game-changing 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
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 the Company's interest in and the proposed expansion of HyProMag USA and management's expectations with respect to its current and potential future investments, including HyProMag USA, 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 and transport 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 www.sedarplus.ca. 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 www.sedarplus.ca.
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.
[ii] Patented Hydrogen Processing of Magnet Scrap (HPMS) technology developed at University of Birmingham, which liberates NdFeB magnets from end-of-life scrap streams in a cost effective and energy efficient way
SOURCE: CoTec Holdings Corp.
View the original press release on ACCESS Newswire
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