COTEC HOLDINGS CORP Stock Price, News & Analysis

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.

CoTec Holdings Corp. (CTHCF) and Mkango Resources announced the completion of an independent Product Carbon Footprint (PCF) analysis for HyProMag USA, a Texas-based recycled rare earth permanent magnets facility. The study, conducted by Minviro , revealed:

The facility demonstrates a remarkably low carbon footprint of 2.35 kg CO2 eq. per kg of NdFeB cut sintered block product, with an annual production capacity of 750 metric tons of sintered NdFeB magnets and 291 metric tons of co-products. The associated HPMS recycled NdFeB alloy powder shows a carbon footprint of 0.38 kg CO2 eq. per kg.

The project involves developing a 40-year rare earth magnet recycling facility in Dallas-Fort Worth, utilizing a 100,000 square feet pre-existing industrial unit. The operation includes two satellite spokes in Nevada and South Carolina, connected through intermodal transportation.

CoTec Holdings Corp. (CTHCF) and Mkango Resources announced the completion of an independent Product Carbon Footprint (PCF) analysis for HyProMag USA's recycled rare earth permanent magnets facility in Texas. The study, conducted by Minviro , revealed an exceptionally low carbon footprint of 2.35 kg CO2 eq. per kg of NdFeB cut sintered block product.

The facility, located in Dallas-Fort Worth, will have a 40-year operational life and an annual production capacity of 750 metric tons of sintered NdFeB magnets and 291 metric tons of associated co-products. The project utilizes the patented Hydrogen Processing of Magnet Scrap (HPMS) technology, which shows approximately 95% reduction in CO2 emissions compared to traditional mine-based production methods.

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

CoTec Holdings Corp. (TSXV:CTH) has announced an amendment to its convertible loan agreement with Kings Chapel International , increasing the principal amount by up to $2.5 million. The loan bears a 10% annual interest rate and matures on December 31, 2027.

The loan is convertible into common shares at CAD$0.75 per share at Kings Chapel's election or automatically when the 15-day volume weighted average trading price reaches CAD$1.00. Conversion restrictions prevent Kings Chapel and affiliates from owning more than 49% of outstanding shares.

As Kings Chapel is an insider and the transaction involves CEO Julian Treger's family trust, this represents a related party transaction, though exempt from certain MI 61-101 requirements due to transaction size and listing status.

CoTec Holdings Corp (TSXV:CTH)(OTCQB:CTHCF) has signed a binding long-term exclusivity and collaboration agreement with Salter Cyclones for their Multi-Gravity Separators (MGS) technology to recover iron ore and manganese from mining and tailings material.

The agreement grants CoTec a three-year exclusivity period for MGS application to iron ore globally and manganese in the US, South Africa, and Brazil, with potential extensions based on milestone achievements. Initial due diligence at the Lac Jeannine Project in Québec has shown promising results, achieving critical mineral status concentrate grades from ultra-fine iron tailings.

The technology targets millions of tonnes of tailings from ongoing and historical operations in major mining regions. CoTec aims to become a mid-tier producer of high-grade concentrate and plans to either acquire assets or enter joint ventures with existing operators. The strategy focuses on expediting early revenue through low capital, low carbon technologies and brownfield permitting processes.

CoTec Holdings Corp. (CTHCF) has entered into a joint collaboration agreement with McGill University to develop Project WaveCracker™, focusing on microwave technology applications for enhanced copper recovery. The project aims to improve low-carbon, economic metal recovery from mineral targets, particularly in advanced sulphide leaching applications.

The collaboration leverages McGill's 30-year expertise in mineral processing and microwave technologies research. The initiative will explore using microwaves to pre-condition copper sulphide waste materials before leaching, potentially increasing permeability and copper recoveries. This technology complements CoTec's existing Ceibo technology, which focuses on leaching low-grade primary copper sulphides and copper waste material.

CoTec Holdings Corp. (CTHCF) has provided an operational update highlighting its transition from investment to project implementation. The company completed two independent technical studies in 2024, setting the foundation for revenue generation targeted for early 2027.

Key developments include the HyProMag USA permanent magnet recycling project, valued at US$262 million NPV7% with 23% IRR, and the Lac Jeannine iron ore tailings facility in Quebec, with US$59.5 million NPV7% and 30% IRR. The Lac Jeannine project has defined an Initial Inferred Mineral Resource of 73 million tonnes at 6.7% total Fe.

The company secured a CAD$4.5 million convertible loan facility and reported significant insider buying with directors and management acquiring over 600,000 shares in H2 2024. CoTec's 2025 targets include appointing an EPCM contractor for HyProMag USA, completing detailed design, and securing project financing.