COTEC HOLDINGS CORP Stock Price, News & Analysis

CoTec Holdings has filed its 2024 audited financial statements, reporting a quarterly net income of $0.5M and annual net loss of $0.2M. The company achieved major milestones through two successful technical studies: the HyProMag USA Feasibility Study and Lac Jeannine Preliminary Economic Assessment.

Key highlights include:

• HyProMag USA (60.3% CoTec-owned) completed a feasibility study showing NPV7% of US$262M and 23% IRR at current prices
• Lac Jeannine Project revealed an Inferred Mineral Resource of 73M tonnes at 6.7% total Fe
• MagIron secured long-term mineral leases supporting 20+ years of operations
• Company raised $5.3M through private placements and secured a convertible loan

CEO Julian Treger expects CoTec to become a resource-producing company by H1 2027, significantly faster than conventional mining companies' 12-15 year timeframe. The company focuses on critical minerals supply chains for Western countries.

CoTec Holdings Corp. (CTHCF) has announced the commencement of its 2025 drilling program at the Lac Jeannine Property in Québec, appointing 403 Drilling for the expansion. The program includes 12-13 holes totaling 680 meters of sonic core samples, with four holes dedicated to infill drilling and the remainder for step-out drilling of adjacent tailings.

The project's August 2024 technical report indicated promising metrics: pre-tax NPV7% of US$93.6 million, IRR of 38%, and after-tax NPV7% of US$59.5 million, based on 73 million tonnes at 6.7% total Fe. The current business case produces a 66.8% FeT concentrate from approximately half the historic tailings volume.

The company plans to incorporate Multi-Gravity Separators Salter technology (MGS) into the recovery circuit, potentially increasing iron recovery from ultra-fines. CoTec received approval from Québec authorities for its closure plan and continues discussions with stakeholders, including the Government of Québec and First Nations, for project support.

CoTec Holdings (TSXV:CTH)(OTCQB:CTHCF) has announced an upcoming investor update scheduled for Thursday, April 24, 2025. The presentation will be hosted by CEO Julian Treger at 7:30am PDT / 10:30pm EDT.

The event will include a presentation followed by a Q&A session. Interested investors can participate by registering through the provided link on the 6ix platform.

CoTec Holdings Corp. (CTHCF) and Mkango Resources have appointed PegasusTSI and BBA for EPCM services for HyProMag USA's rare earth magnet recycling project in Dallas-Fort Worth, Texas. The project follows a Feasibility Study showing a NPV7% of US$262 million at current prices and US$503 million based on forecast prices.

The 24-month project targets first revenue in H1 2027, aiming to supply 10% of U.S. domestic demand for NdFeB magnets within five years. The DFW Hub will produce 750 metric tons annually of recycled sintered NdFeB magnets and 807 metric tons of associated co-products over a 40-year operating life. The facility will create 90-100 skilled manufacturing jobs and features a low CO2 footprint of 2.35 kg CO2 eq. per kg of product.

HyProMag USA is jointly owned 50:50 by CoTec and HyProMag , with the latter being fully owned by Maginito (79.4% Mkango, 20.6% CoTec).

CoTec Holdings Corp (TSXV:CTH)(OTCQB:CTHCF) has released an updated investor presentation showcasing its strategic progress. The company's CEO, Julian Treger, highlighted their objective of establishing two cash flow generating assets by H1 2027, noting this timeline is significantly faster than conventional mining operations which typically take over fifteen years to generate cash flow.

The company acknowledges it is currently trading at a substantial discount to its indicative value and aims to close this gap. Management believes successful strategy execution will lead to a significant company re-rating, potentially offering enhanced shareholder returns.

CoTec Holdings Corp (TSXV:CTH)(OTCQB:CTHCF) acknowledges a new Presidential Executive Order aimed at boosting American mineral production. The company's U.S.-based technology and asset portfolio aligns with this directive, focusing on critical minerals supply.

HyProMag USA (60.3% owned by CoTec) is expanding its permanent magnet recycling project to include three HPMS vessels, with plans to potentially triple capacity across facilities in Fort Worth, South Carolina, and Nevada. The expansion includes evaluating integrated U.S. development of long-loop chemical processing.

MagIron , near Grand Rapids, Minnesota, is progressing with its iron ore project, including the Plant 4 concentrator refurbishment. The company is advancing through various de-risking workstreams, including NI 43-101 resource estimation, pilot plant testing, and feasibility studies, aiming to become a key supplier of high-quality, low-carbon iron units for the U.S. steel industry.

CoTec Holdings (TSXV:CTH)(OTCQB:CTHCF) has announced an upcoming investor update scheduled for March 14, 2025. The presentation will be led by CEO Julian Treger and will begin at 9:00am PDT / 12:00pm EDT.

The event will include a presentation followed by an interactive Q&A session. Interested investors can participate by registering through the provided link at 6ix.com.

HyProMag USA has announced an expansion of its U.S. permanent magnet recycling project to include three HPMS vessels, up from the previously planned two vessels. The project's November 2024 Feasibility Study showed that adding a third HPMS vessel, at an incremental cost of $7 million, would increase NPV7% from $262 million to $279 million at current market prices, and from $503 million to $593 million based on forecast prices.

The company is also initiating conceptual studies to potentially triple the project's capacity across facilities in Fort Worth, Texas, South Carolina, and Nevada. The expansion includes evaluating integrated long-loop chemical processing development. HyProMag USA aims to supply 10% of U.S. domestic NdFeB magnet demand within five years of commissioning.

With the third HPMS vessel, the Texas Hub will produce 750 metric tons annually of recycled sintered NdFeB magnets and 807 metric tons of associated NdFeB co-products over a 40-year operating life.

HyProMag USA is expanding its U.S. permanent magnet recycling project by including three HPMS vessels in the detailed design phase, up from the initially planned two vessels. The expansion requires an additional capital cost of US$7 million but increases the project's NPV7% to US$279 million at current market prices and US$593 million based on forecast prices.

The project includes a Texas Hub and two pre-processing facilities in South Carolina and Nevada. With the third HPMS vessel, annual production capacity will reach 750 metric tons of recycled sintered NdFeB magnets and 807 metric tons of NdFeB co-products over a 40-year operating life. The company aims to supply 10% of U.S. domestic NdFeB magnet demand within five years of commissioning.

Additionally, HyProMag USA is initiating concept studies to potentially triple the project's capacity and develop integrated long-loop chemical processing capabilities. A recent ISO-Compliant study confirmed the product's low carbon footprint of 2.35 kg CO2 eq. per kg of NdFeB cut sintered block product.