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CoTec Holdings Corp. reports developments in critical-mineral technology, resource extraction and recycling. Company updates center on rare earth magnet recycling through HyProMag USA, iron tailings reprocessing in Québec, copper and iron opportunities, and the use of technologies such as Hydrogen Processing of Magnet Scrap and multi-gravity separation for strategic materials recovery.
Recurring news also covers capital structure activity, including warrants, convertible loan facilities and common share issuance; annual financial statements and MD&A; long-term incentive grants; exchange and OTC market status; and joint venture or portfolio updates tied to CoTec's strategy of pairing resource assets with processing technologies.
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.