HyProMag USA Commences Stockpiling of Feedstock
CoTec Holdings (OTCQB:CTHCF) and Mkango Resources announced that HyProMag USA has begun stockpiling feedstock through Intelligent Lifecycle Solutions (ILS) for rare earth magnet recycling. The initiative will take place at ILS sites in Williston, South Carolina and Reno, Nevada, with pre-processing expected to start before December 31, 2025.
HyProMag USA aims to secure 6-12 months of feedstock before commissioning its advanced rare earth magnet recycling and manufacturing plant in Dallas-Fort Worth, Texas. The project utilizes Hydrogen Processing of Magnet Scrap (HPMS) technology and follows a positive feasibility study from last year. ILS, a certified electronics recycling company, will provide full traceability to support the circular economy and critical mineral supply chains in the United States.
CoTec Holdings (OTCQB:CTHCF) e Mkango Resources hanno annunciato che HyProMag USA ha iniziato ad accumulare materie prime tramite Intelligent Lifecycle Solutions (ILS) per il riciclo di magneti a terre rare. L’attività si svolgerà presso gli stabilimenti ILS di Williston, South Carolina e Reno, Nevada, con il pre-trattamento previsto prima del 31 dicembre 2025.
HyProMag USA intende assicurarsi 6-12 mesi di approvvigionamento prima di avviare l’impianto avanzato per il riciclo e la produzione di magneti a terre rare nella area di Dallas-Fort Worth, Texas. Il progetto adotta la tecnologia Hydrogen Processing of Magnet Scrap (HPMS) e segue uno studio di fattibilità favorevole dello scorso anno. ILS, azienda certificata nel riciclo di dispositivi elettronici, garantirà la piena tracciabilità a supporto dell’economia circolare e delle filiere di minerali critici negli Stati Uniti.
CoTec Holdings (OTCQB:CTHCF) y Mkango Resources anunciaron que HyProMag USA ha comenzado a acumular material a través de Intelligent Lifecycle Solutions (ILS) para el reciclaje de imanes de tierras raras. La iniciativa se llevará a cabo en las instalaciones de ILS en Williston, Carolina del Sur y Reno, Nevada, con el preprocesamiento previsto antes del 31 de diciembre de 2025.
HyProMag USA busca asegurar 6-12 meses de suministro antes de poner en marcha su planta avanzada de reciclaje y fabricación de imanes de tierras raras en el área de Dallas-Fort Worth, Texas. El proyecto utiliza la tecnología Hydrogen Processing of Magnet Scrap (HPMS) y sigue a un estudio de viabilidad positivo realizado el año pasado. ILS, una empresa certificada en reciclaje electrónico, proporcionará total trazabilidad para apoyar la economía circular y las cadenas de suministro de minerales críticos en Estados Unidos.
CoTec Holdings (OTCQB:CTHCF)와 Mkango Resources는 HyProMag USA가 희토류 자석 재활용을 위해 Intelligent Lifecycle Solutions(ILS)를 통해 원료 비축을 시작했다고 발표했습니다. 이 사업은 ILS의 사우스캐롤라이나주 윌리스턴 및 네바다주 리노 현장에서 진행되며, 전처리는 2025년 12월 31일 이전에 시작될 예정입니다.
HyProMag USA는 텍사스 댈러스-포트워스 지역에 건설되는 첨단 희토류 자석 재활용 및 제조 시설 가동 전 6~12개월분의 원료 확보를 목표로 하고 있습니다. 이 프로젝트는 Hydrogen Processing of Magnet Scrap(HPMS) 기술을 활용하며, 작년의 긍정적 타당성 조사 결과를 바탕으로 합니다. 인증된 전자제품 재활용 업체인 ILS는 미국 내 순환 경제와 핵심 광물 공급망을 지원하기 위해 완전한 추적 가능성을 제공할 것입니다.
CoTec Holdings (OTCQB:CTHCF) et Mkango Resources ont annoncé que HyProMag USA a commencé à stocker des matières premières via Intelligent Lifecycle Solutions (ILS) pour le recyclage d’aimants en terres rares. L’initiative se déroulera sur les sites ILS de Williston, Caroline du Sud et Reno, Nevada, avec un pré-traitement attendu avant le 31 décembre 2025.
HyProMag USA vise à sécuriser 6 à 12 mois de matières premières avant la mise en service de son usine avancée de recyclage et de fabrication d’aimants en terres rares dans la région de Dallas-Fort Worth, au Texas. Le projet utilise la technologie Hydrogen Processing of Magnet Scrap (HPMS) et fait suite à une étude de faisabilité positive réalisée l’année dernière. ILS, entreprise certifiée de recyclage électronique, assurera une traçabilité complète pour soutenir l’économie circulaire et les chaînes d’approvisionnement en minéraux critiques aux États-Unis.
CoTec Holdings (OTCQB:CTHCF) und Mkango Resources gaben bekannt, dass HyProMag USA begonnen hat, über Intelligent Lifecycle Solutions (ILS) Rohmaterial für das Recycling von Seltenen-Erden-Magneten zu lagern. Die Initiative findet an ILS-Standorten in Williston, South Carolina und Reno, Nevada statt, wobei die Vorverarbeitung voraussichtlich vor dem 31. Dezember 2025 beginnt.
HyProMag USA beabsichtigt, vor der Inbetriebnahme seiner fortschrittlichen Recycling- und Produktionsanlage für Seltene-Erden-Magneten im Raum Dallas-Fort Worth, Texas, 6–12 Monate an Rohmaterial zu sichern. Das Projekt nutzt die Hydrogen Processing of Magnet Scrap (HPMS)-Technologie und baut auf einer positiven Machbarkeitsstudie aus dem Vorjahr auf. ILS, ein zertifiziertes Elektronikrecycling-Unternehmen, wird vollständige Rückverfolgbarkeit bieten, um die Kreislaufwirtschaft und die Lieferketten für kritische Mineralien in den USA zu unterstützen.
- Strategic partnership with ILS provides secure feedstock supply for rare earth magnet recycling
- Pre-processing operations at two established ILS sites in South Carolina and Nevada
- Full traceability support for circular economy and critical mineral supply chains
- Project backed by positive feasibility study from previous year
- Contribution to strengthening U.S. domestic rare earth magnet supply chain
- Plant commissioning timeline not specified
- Actual feedstock quantities and financial terms not disclosed
LONDON, UK AND VANCOUVER, BC / ACCESS Newswire / August 25, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec") and Mkango Resources Ltd. (AIM/TSX-V: MKA) ("Mkango") are pleased to announce that Intelligent Lifecycle Solutions LLC ("ILS") has formally commenced its stockpiling of feedstock initiative pursuant to the recently announced feedstock supply and pre-processing site share agreement between HyProMag USA LLC ("HyProMag USA" or the "Project") and ILS. Pre-processing of the feedstock is expected to commence prior to December 31, 2025.
The stockpiling and pre-processing will take place at both the ILS sites in Williston, South Carolina and Reno, Nevada (the "ILS sites"). ILS is a global electronics recycling company processing electronic waste. It is a full-service IT asset disposition, electronics recycling and scrap purchasing company and is fully compliant in ISO 14001:2015, ISO 45001:2018 and "Responsible Recycling R2v3 Recycler" at its USA locations. Through ILS, HyProMag USA will provide full traceability on its products to support the "closed loop" circular economy and critical mineral supply chains within the United States.
Julian Treger, CoTec CEO commented:"This is another major milestone in the execution of the HyProMag USA project. Securing feedstock is key to the success of any recycling business and we are pleased to work with credible companies such as ILS. HyProMag USA's target is to secure between 6 months and 12 months of feedstock prior to commissioning of HyProMag USA's advanced stage rare earth magnet recycling and manufacturing plant to be located in Dallas-Fort Worth, Texas. HyProMag USA aims to become a major contributor to the USA supply chain of rare earth magnets, a critical input for accelerating the reshoring of the U.S industrial base."
Will Dawes, Mkango CEO commented: "The agreement with ILS and commencement of stockpiling of NdFeB feedstock underpins the rapid deployment of Hydrogen Processing of Magnet Scrap (HPMS) and associated magnet manufacturing into the United States by HyProMag USA, with detailed engineering well underway following the positive feasibility study last year. These developments will catalyse development of a more robust rare earth supply chain, whilst unlocking new NdFeB scrap sources in the United States and generating significant value for HyProMag USA and its stakeholders."
About HyProMag USA LLC.
HyProMag USA is owned 50:50 by CoTec and HyProMag Limited. HyProMag Limited is 100 per cent owned by Maginito ("Maginito"), which is owned on a 79.4/20.6 per cent basis by Mkango and CoTec.
For more information, please visit www.hypromagusa.com
About CoTec Holdings Corp.
CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX- V") and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.
For more information, please visit www.cotec.ca.
About Mkango Resources Ltd.
Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.
Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.
Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a Binding Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger.
For more information, please visit www.mkango.ca
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango and CoTec. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the delivery and effectiveness of the HDD magnet separation system built by Inserma, the results of the Accelerated Pilot Programme at UoB, the availability of (or delays in obtaining) financing to develop Songwe Hill, the Recycling Plants being developed by Maginito in the UK, Germany and the US (the "Maginito Recycling Plants"), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants, and Pulawy and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company and CoTec disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company and CoTec undertake no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
For further information on CoTec, please contact:
CoTec Holdings Corp.
Braam Jonker
Chief Financial Officer
braam.jonker@cotec.ca
Canada: +1 604 992-5600
For further information on Mkango, please contact:
Mkango Resources Limited | ||
William Dawes | Alexander Lemon | |
Chief Executive Officer | President | |
Canada: +1 403 444 5979 | ||
@MkangoResources |
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. 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 release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
SOURCE: CoTec Holdings Corp.
View the original press release on ACCESS Newswire
FAQ
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