Welcome to our dedicated page for COTEC HOLDINGS news (Ticker: CTHCF), a resource for investors and traders seeking the latest updates and insights on COTEC HOLDINGS stock.
CoTec Holdings Corp (CTHCF) operates at the intersection of mineral extraction innovation and sustainable resource recovery. This news hub provides investors with essential updates on the company's operational milestones, technological advancements, and strategic partnerships in rare earth magnet recycling and low-carbon mineral processing.
Access authoritative reporting on CTHCF's deployment of patented technologies like the HPMS system, project developments including HyProMag USA, and financial performance indicators. Our curated news collection serves as your primary source for tracking the company's progress in transforming mining waste streams into valuable resources through environmentally conscious methods.
Key updates cover earnings announcements, joint venture formations, recycling technology validations, and operational expansions. Bookmark this page for streamlined access to verified information about CoTec's initiatives in sustainable metal recovery and its role in advancing circular economy solutions for the mining sector.
CoTec Holdings Corp. (CTHCF) has completed its second and final non-brokered private placement of units, raising $2,573,013.07 in gross proceeds. Each unit, priced at $0.50, includes one common share and one common share purchase warrant, exercisable at $1.05 within 12 months. The funds will support the HyProMag USA feasibility study, the Lac Jeannine Project's preliminary economic assessment, and general working capital. Insiders purchased 4,050,000 units for $2,025,000, making this a related party transaction under MI 61-101 exemptions. Following this issuance, CoTec has 66,047,531 common shares outstanding.
CoTec Holdings Corp. (TSX.V:CTH)(OTCQB:CTHCF) announced that MagIron , in which CoTec holds a 17% equity interest, has signed long-term mineral leases. These leases will support the reopening of MagIron's Plant 4 iron ore concentrator.
The secured iron-bearing materials combined with existing stockpiles can potentially sustain Plant 4 operations for over 20 years, targeting an annual production of 2.5 million dry tonnes of Direct Reduction (DR) grade iron concentrate. This milestone aids MagIron's strategy to restart Plant 4 and contributes to ongoing feasibility studies and testing. The initiative aims to recycle historical mining materials into high-quality DR-grade iron concentrate, which is important for the decarbonization of the steel industry.
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