Cotec Holdings Corp. Notes Hypromag USA Project Update
CoTec Holdings (OTCQB:CTHCF) provided an update on HyProMag USA's rare earth permanent magnet recycling facility project in Dallas-Fort Worth. The Detailed Design phase is 25% complete, incorporating experience from UK and German facilities. Key developments include the addition of Advanced Grain Boundary Diffusion techniques and a tripled throughput capacity at the University of Birmingham pilot facility.
The project has already produced 900kg of recycled NdFeB alloy powder at the UK facility. HyProMag USA has shortlisted four site options and plans to begin permitting in Q3 2025, targeting first magnet production in H1 2027. The company is also planning expansion to Nevada and South Carolina, while initiating a Concept Study for a "Long Loop" recycling process.
CoTec Holdings (OTCQB:CTHCF) ha fornito un aggiornamento sul progetto dell’impianto di riciclo di magneti permanenti rari HyProMag USA a Dallas-Fort Worth. La fase di Progettazione Dettagliata è al 25% di avanzamento, incorporando l’esperienza maturata presso le strutture del Regno Unito e della Germania. Sviluppi chiave includono l’aggiunta di tecniche di Diffusione Avanzata ai Confini dei Granuli e una capacità di throughput triplicata presso l’impianto pilota dell’Università di Birmingham.
Il progetto ha già prodotto 900 kg di polvere di lega NdFeB riciclata presso l’impianto nel Regno Unito. HyProMag USA ha selezionato quattro opzioni di sito e prevede di avviare le autorizzazioni nel terzo trimestre del 2025, puntando alla prima produzione di magneti nel 2027 nella prima metà dell’anno. L’azienda pianifica anche l’espansione in Nevada e Carolina del Sud, mentre avvia uno Studio di Concept per un processo di riciclo “Long Loop”.
CoTec Holdings (OTCQB:CTHCF) proporcionó una actualización sobre el proyecto de la planta de reciclaje de imanes de tierras raras de HyProMag USA en Dallas-Fort Worth. La fase de Diseño Detallado está al 25% completa, incorporando la experiencia de las instalaciones en el Reino Unido y en Alemania. Desarrollos clave incluyen la incorporación de técnicas avanzadas de difusión en la frontera de grano y una capacidad de rendimiento tres veces mayor en la instalación piloto de la Universidad de Birmingham.
El proyecto ya ha producido 900 kg de polvo de aleación NdFeB reciclada en la instalación del Reino Unido. HyProMag USA ha preseleccionado cuatro opciones de sitio y planea comenzar las autorizaciones en el tercer trimestre de 2025, apuntando a la primera producción de imanes en la primera mitad de 2027. La compañía también planea expandirse a Nevada y Carolina del Sur, mientras inicia un Estudio de Concepto para un proceso de reciclaje de “Long Loop”.
CoTec Holdings(OTCQB:CTHCF)는 달라스-포트워스 지역의 HyProMag USA 희토류 영구자석 재활용 시설 프로젝트에 대한 업데이트를 제공했습니다. 상세 설계 단계는 25% 완료되었으며, 영국 및 독일 시설의 경험을 반영하고 있습니다. 주요 개발로는 고급 결정 경계 확산 기술의 도입과 버밍엄 대학교 파일럿 시설의 처리 용량이 3배로 증가한 점이 있습니다.
이 프로젝트는 이미 영국 시설에서 재활용 NdFeB 합금 분말 900kg을 생산했습니다. HyProMag USA는 네 가지 현장 옵션을 선정했으며 2025년 3분기에 허가 절차를 시작하고 2027년 상반기에 첫 자석 생산을 목표로 하고 있습니다. 또한 회사는 네바다 주와 사우스캐롤라이나 주로의 확장을 계획하고 있으며, “Long Loop” 재활용 공정에 대한 개념 연구도 시작하고 있습니다.
CoTec Holdings (OTCQB : CTHCF) a fourni une mise à jour sur le projet d’installation de recyclage des aimants permanents en terres rares de HyProMag USA à Dallas-Fort Worth. La phase de conception détaillée est terminée à 25 %, en tirant parti de l’expérience des installations au Royaume-Uni et en Allemagne. Parmi les avancées clés figurent l’ajout de techniques de diffusion avancée des joints de grain et une capacité de débit triplée sur l’installation pilote de l’Université de Birmingham.
Le projet a déjà produit 900 kg de poudre d’alliage NdFeB recyclée sur l’installation du Royaume-Uni. HyProMag USA a retenu quatre options de site et prévoit de commencer les autorisations au troisième trimestre 2025, visant une première production de aimants au premier semestre 2027. L’entreprise prévoit également une extension au Nevada et en Caroline du Sud, tout en lançant une étude conceptuelle pour un procédé de recyclage « Long Loop ».
CoTec Holdings (OTCQB:CTHCF) hat ein Update zum HyProMag USA-Projekt zur Recyclinganlage für Seltene-Erden-PPermanentmagneten in Dallas-Fort Worth gegeben. Die Detailentwurfsphase ist zu 25% abgeschlossen und nutzt Erfahrungen aus Einrichtungen im Vereinigten Königreich und in Deutschland. Wichtige Entwicklungen umfassen die Einführung von Advanced Grain Boundary Diffusion-Techniken und eine dreifache Durchsatzkapazität in der Pilotanlage der Universität Birmingham.
Das Projekt hat am UK-Standort bereits 900 kg recyceltes NdFeB-Legierungspulver produziert. HyProMag USA hat vier Standortoptionen shortlistet und plant, im dritten Quartal 2025 Genehmigungen zu beantragen, mit dem Ziel der ersten Magnetproduktion in der ersten Hälfte 2027. Das Unternehmen plant außerdem eine Expansion nach Nevada und South Carolina und beginnt eine Konzeptstudie für einen „Long Loop“-Recyclingprozess.
CoTec Holdings (OTCQB:CTHCF) قدّمت تحديثاً حول مشروع منشأة إعادة تدوير مغناطيسات دائمة من الأرض النادرة لـ HyProMag USA في دالاس-فورت وورث. مرحلة التصميم التفصيلي مكتملة بنسبة 25%، مع الاستفادة من خبرة المنشآت في المملكة المتحدة وألمانيا. من التطورات الرئيسية إضافة تقنيات الانتشار الحَبَكي المتقدمة وتضاعف سعة التدفق في منشأة جامعة برمنغهام التجريبية.
حتى الآن، أنتج المشروع 900 كغ من مسحوق سبيكة NdFeB المعاد تدويره في المنشأة البريطانية. قامت HyProMag USA باختصار أربع خيارات مواقع وتخطط لبدء التصاريح في الربع الثالث من 2025، مع هدف الإنتاج الأول للمغانط في النصف الأول من 2027. كما تخطط الشركة للتوسع إلى نيفادا وكولورينا الجنوبية، بينما تبدأ دراسة مفاهيمية لعملية إعادة تدوير "Long Loop".
CoTec Holdings（OTCQB:CTHCF） 就 HyProMag USA 位于达拉斯-沃斯堡的稀土永久磁铁回收设施项目提供了更新。详细设计阶段完成度达到 25%，借鉴了英国和德国设施的经验。关键进展包括引入高级晶界扩散技术，以及伯明翰大学试点设施的吞吐量提高至原来的三倍。
该项目在英国设施已生产出 900 kg 的回收 NdFeB 合金粉末。HyProMag USA 已从四个现场选项中进行初选，并计划在 2025 年第 3 季开始许可程序，目标在 2027 年上半年实现首批磁铁生产。公司还计划扩张至内华达州和南卡罗来纳州，同时启动一个名为“Long Loop”的回收工艺概念研究。
- Project meets U.S. Defence Production Act Title III requirements for secure domestic magnet production
- Successful production of 900kg recycled NdFeB alloy powder demonstrates operational capability
- Tripled throughput capacity achieved at pilot facility with over 50 completed runs
- Geographic expansion planned with additional hubs in Nevada and South Carolina
- Advanced Grain Boundary Diffusion techniques implemented to enhance magnet performance
- First magnets production not expected until H1 2027
- Project funding still needs to be secured from government and commercial sources
VANCOUVER, BC / ACCESS Newswire / September 15, 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 an update on the Detailed Design phase of its Dallas-Fort Worth rare earth magnet recycling and manufacturing hub. The engineering, procurement and construction management work is being led by PegasusTSI Inc. and BBA USA Inc.
Highlights of the update include:
Detailed Design now
25% complete, incorporating learnings from HyProMag's UK and German facilities.Advanced Grain Boundary Diffusion ("GBD") techniques added to enhance magnet performance.
Tripled throughput capacity at the University of Birmingham HPMS pilot facility, with over 50 pilot runs completed.
Circa 900kg of recycled NdFeB alloy powder already produced at the Tyseley Energy Park facility in the UK.
Four shortlisted Dallas-Fort Worth hub site options identified, with permitting to commence in Q3 2025.
Feedstock supply collaboration advancing with Intelligent Lifecycle Solutions (ILS), which has begun stockpiling feed.
Expansion planning underway for additional hubs in Nevada and South Carolina, and a Concept Study initiated for a complementary "Long Loop" recycling process led by Worley.
Julian Treger, CEO of CoTec, commented: "We are very pleased with the progress of the EPCM Detailed Design. The learnings from HyProMag's facilities in the UK and Germany continue to inform PegasusTSI's and BBA's work and support an accelerated project schedule targeting first magnets in H1 2027. In parallel with the EPCM Detailed Design, the company is focused on securing funding from the U.S. Government, commercial lenders, equity providers and off takers. With the commencement of the long-loop Concept Study, the Company is in a unique position as it provides both short and long-loop rare earth permanent magnet recycling. HyProMag USA's proposed U.S. facility fully meets the requirements of the U.S. Defence Production Act ("DPA") Title III and will provide a secure, long-term, commercial-scale magnet recycling and production facilities in the United States."
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. (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 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 HyProMag USA and its proposed development 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.
SOURCE: CoTec Holdings Corp.
View the original press release on ACCESS Newswire
FAQ
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