COTEC HOLDINGS CORP Stock Price, News & Analysis

CoTec Holdings (OTCQB:CTHCF) and Mkango Resources have announced that HyProMag USA has entered into a significant feedstock supply agreement with Intelligent Lifecycle Solutions (ILS). The agreement establishes pre-processing sites in South Carolina and Nevada for storing and processing neodymium iron boron (NdFeB) magnets from hard disk drives and other sources.

The partnership will support HyProMag USA's upcoming Dallas-Fort Worth manufacturing hub, which aims to produce 1,557 metric tons of NdFeB materials annually within five years of commissioning. The facility will utilize advanced HPMS technology and create 90-100 skilled jobs. Notably, the operation boasts an exceptionally low carbon footprint of 2.35 kg CO2 eq. per kg of NdFeB product.

CoTec Holdings (OTCQB:CTHCF) has successfully completed its private placement and LIFE Offering, raising total gross proceeds of $13.5 million through the issuance of 17,339,336 units at $0.78 per unit. The final closing brought in $1.1 million, exceeding the initial target by 35%.

Each unit consists of one common share and one purchase warrant exercisable at $1.20 for 18 months. The proceeds will fund the HyProMag USA rare earth magnet recycling facility, Lac Jeannine iron tailings drill program, and other corporate purposes. Insiders Kings Chapel and CEO Julian Treger participated in the final closing, purchasing 192,307 and 230,769 units respectively.

CoTec Holdings (OTCQB:CTHCF) has completed the third and final closing of its upsized Listed Issuer Financing Exemption (LIFE) offering, raising total proceeds of $12.4 million to date, significantly exceeding its initial $10 million target.

The offering consists of Units priced at $0.78 each, with each Unit comprising one common share and one purchase warrant exercisable at $1.20 for 18 months. The final LIFE closing raised $4.57 million through 5,864,800 Units, bringing the total LIFE offering proceeds to $8.5 million.

Proceeds will fund the HyProMag USA rare earth magnet recycling facility design, Lac Jeannine iron tailings drill program, and additional investment obligations.

CoTec Holdings (OTCQB:CTHCF) has increased its LIFE Offering from $5 million to $9 million due to strong investor demand. The upsized offering consists of up to 11,538,461 units at $0.78 per unit, with each unit comprising one common share and one warrant exercisable at $1.20 for 18 months.

Combined with a concurrent $5 million private placement, the total offering reaches $14 million. The company has already completed two closings, raising $7.85 million through 10,066,919 units. The final closing is expected around July 11, 2025.

Proceeds will fund HyProMag USA's detailed design and engineering, Lac Jeannine property drilling program, and general corporate purposes.

CoTec Holdings (OTCQB:CTHCF) announced that Mkango Resources and HyProMag have achieved first production of recycled rare earth alloy at the commercial-scale HPMS facility in Birmingham, UK. The milestone marks the first commercial-scale production of recycled neodymium-iron-boron (NdFeB) alloy using HPMS technology at the UK's only sintered rare earth magnet manufacturing facility.

The success has significant implications for HyProMag USA, a 50:50 joint venture between CoTec and HyProMag, which is developing an integrated rare earth magnet recycling facility in Dallas-Fort Worth, with commissioning targeted for 2027. This development represents a crucial step toward establishing a secure, domestic rare earth magnet supply chain in North America.

CoTec Holdings (OTCQB:CTHCF) has completed the second closing of its previously announced financing, consisting of a LIFE Offering and Private Placement. The company issued 2,306,753 units at $0.78 per unit under the LIFE Offering and 1,080,723 units under the Private Placement, raising total gross proceeds of $2,642,235.26.

To date, CoTec has raised aggregate proceeds of $7,852,202.99 through both offerings. Each unit includes one common share and one warrant exercisable at $1.20 for 18 months. The company will use proceeds for HyProMag USA's design and engineering, Lac Jeannine drilling program, and general corporate purposes. The final closing is expected around July 9, 2025.

CoTec Holdings Corp. (OTCQB:CTHCF) held its annual and special meeting of shareholders virtually on June 27, 2025. The company announced that all resolutions were passed by requisite majority. Shareholders re-elected seven incumbent directors to the Board and approved the re-appointment of PricewaterhouseCoopers LLP as the company's auditors. Additionally, shareholders approved the company's amended and restated omnibus equity incentive plan.

CoTec Holdings Corp. (CTHCF) has completed the initial closing of its combined LIFE Offering and Private Placement, raising total gross proceeds of approximately $5.21 million through the issuance of 6,679,443 units at $0.78 per unit. Each unit includes one common share and one warrant exercisable at $1.20 for 18 months. The company plans to use proceeds for HyProMag USA's design and engineering, Lac Jeannine drilling program, and general corporate purposes. Kings Chapel, an insider, and certain directors participated in the offering, with Kings Chapel purchasing 641,025 units. Following the closing, Kings Chapel owns 42.06% of outstanding shares. The company expects a final closing by June 2025.

HyProMag, backed by Mkango Resources and CoTec Holdings, has achieved significant technical milestones in its rare earth magnet recycling program using HPMS technology. The company has produced over 3,500 commercial-grade magnets at its University of Birmingham pilot plant, successfully testing them with partners like ZF Automotive and GKN Automotive. The technology has demonstrated effective magnet recovery from various sources, including hard disk drives and electric motor rotors. HyProMag is preparing for commercial production in the UK and Germany (2025) and USA (2027), with a new production-ready HDD magnet separation system expected in Q3. The company has optimized its processes to produce various magnet grades and has initiated an accelerated pilot program targeting two tonnes of HPMS powder production over six months.