CoTec Notices Executive Order "Immediate Measures to Increase American Mineral Production" in the United States
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 Corp (TSXV:CTH)(OTCQB:CTHCF) riconosce un nuovo Decreto Esecutivo Presidenziale volto a potenziare la produzione mineraria americana. Il portafoglio tecnologico e di asset dell'azienda, basato negli Stati Uniti, è in linea con questa direttiva, concentrandosi sulla fornitura di minerali critici.
HyProMag USA (di cui CoTec detiene il 60,3%) sta espandendo il suo progetto di riciclaggio di magneti permanenti per includere tre impianti HPMS, con piani per potenzialmente triplicare la capacità nelle strutture di Fort Worth, Carolina del Sud e Nevada. L'espansione prevede anche la valutazione dello sviluppo integrato di processi chimici a lungo ciclo negli Stati Uniti.
MagIron, vicino a Grand Rapids, Minnesota, sta progredendo con il suo progetto di minerale di ferro, inclusa la ristrutturazione del concentratore Plant 4. L'azienda sta avanzando attraverso vari flussi di lavoro di riduzione del rischio, tra cui la stima delle risorse NI 43-101, test di impianto pilota e studi di fattibilità, mirando a diventare un fornitore chiave di unità di ferro di alta qualità e a basse emissioni di carbonio per l'industria siderurgica americana.
CoTec Holdings Corp (TSXV:CTH)(OTCQB:CTHCF) reconoce una nueva Orden Ejecutiva Presidencial destinada a impulsar la producción minera estadounidense. El portafolio de tecnología y activos de la empresa, con sede en EE. UU., se alinea con esta directiva, enfocándose en el suministro de minerales críticos.
HyProMag USA (60.3% propiedad de CoTec) está expandiendo su proyecto de reciclaje de imanes permanentes para incluir tres instalaciones HPMS, con planes de potencialmente triplicar la capacidad en las instalaciones de Fort Worth, Carolina del Sur y Nevada. La expansión también incluye la evaluación del desarrollo químico integrado a largo plazo en EE. UU.
MagIron, cerca de Grand Rapids, Minnesota, está avanzando con su proyecto de mineral de hierro, incluida la renovación del concentrador Plant 4. La empresa está progresando a través de varias líneas de trabajo para reducir riesgos, que incluyen la estimación de recursos NI 43-101, pruebas de planta piloto y estudios de viabilidad, con el objetivo de convertirse en un proveedor clave de unidades de hierro de alta calidad y bajas emisiones de carbono para la industria del acero estadounidense.
CoTec Holdings Corp (TSXV:CTH)(OTCQB:CTHCF)는 미국 광물 생산을 촉진하기 위한 새로운 대통령 행정 명령을 인정합니다. 미국에 본사를 둔 회사의 기술 및 자산 포트폴리오는 이 지침과 일치하며, 핵심 광물 공급에 집중하고 있습니다.
HyProMag USA (CoTec가 60.3% 소유)는 Fort Worth, South Carolina 및 Nevada에 있는 시설에서 용량을 잠재적으로 세 배로 늘리기 위해 세 개의 HPMS 용기를 포함하는 영구 자석 재활용 프로젝트를 확장하고 있습니다. 이 확장에는 미국 내 장기 화학 처리의 통합 개발 평가가 포함됩니다.
MagIron은 미네소타주 그랜드 래피드 근처에서 철광석 프로젝트를 진행하고 있으며, Plant 4 농축기 개보수를 포함합니다. 이 회사는 NI 43-101 자원 추정, 파일럿 플랜트 테스트 및 타당성 연구를 포함한 다양한 위험 감소 작업을 통해 발전하고 있으며, 미국 철강 산업을 위한 고품질 저탄소 철 제품의 주요 공급자가 되는 것을 목표로 하고 있습니다.
CoTec Holdings Corp (TSXV:CTH)(OTCQB:CTHCF) reconnaît un nouvel arrêté exécutif présidentiel visant à stimuler la production minérale américaine. Le portefeuille technologique et d'actifs de l'entreprise, basé aux États-Unis, s'aligne sur cette directive, en se concentrant sur l'approvisionnement en minéraux critiques.
HyProMag USA (détenu à 60,3 % par CoTec) étend son projet de recyclage d'aimants permanents pour inclure trois installations HPMS, avec des plans pour potentiellement tripler la capacité dans les installations de Fort Worth, Caroline du Sud et Nevada. L'expansion comprend également l'évaluation du développement chimique intégré aux États-Unis.
MagIron, près de Grand Rapids, Minnesota, progresse avec son projet de minerai de fer, y compris la rénovation du concentrateur Plant 4. L'entreprise avance à travers divers flux de travail de réduction des risques, y compris l'estimation des ressources NI 43-101, les tests de l'usine pilote et les études de faisabilité, visant à devenir un fournisseur clé d'unités de fer de haute qualité et à faibles émissions de carbone pour l'industrie sidérurgique américaine.
CoTec Holdings Corp (TSXV:CTH)(OTCQB:CTHCF) erkennt eine neue Präsidialverordnung an, die darauf abzielt, die amerikanische Mineralproduktion zu steigern. Das technologie- und assetbasierte Portfolio des Unternehmens in den USA steht im Einklang mit dieser Richtlinie und konzentriert sich auf die Versorgung mit kritischen Mineralien.
HyProMag USA (60,3% im Besitz von CoTec) erweitert sein Projekt zum Recycling von Permanentmagneten um drei HPMS-Anlagen, mit dem Ziel, die Kapazität in den Einrichtungen in Fort Worth, South Carolina und Nevada potenziell zu verdreifachen. Die Expansion umfasst auch die Bewertung der integrierten chemischen Verarbeitung in den USA.
MagIron, in der Nähe von Grand Rapids, Minnesota, macht Fortschritte bei seinem Eisenerzprojekt, einschließlich der Renovierung des Konzentrators Plant 4. Das Unternehmen entwickelt sich durch verschiedene Risikominderungsmaßnahmen, einschließlich der Ressourcenschätzung nach NI 43-101, Tests an Pilotanlagen und Machbarkeitsstudien, mit dem Ziel, ein wichtiger Anbieter von hochwertigen, kohlenstoffarmen Eisenprodukten für die amerikanische Stahlindustrie zu werden.
- Expansion of HyProMag USA project to three HPMS vessels with potential triple capacity
- Government support through Executive Order for domestic mineral production
- Progress in MagIron's iron ore project development and de-risking activities
- Strategic positioning in critical minerals supply chains
- Significant capital expenditure required for MagIron's plant refurbishment
- Project expansions still in planning/study phase, not yet implemented
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / March 21, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec") is pleased to notice President Trump's Presidential Executive Order "Immediate Measures to Increase American Mineral Production in the United States."[i] The Executive Order directs government agencies to immediate action to facilitate domestic mineral production to the maximum extent possible. CoTec's U.S. based technology and asset portfolio targets supplying the United States with critical minerals and this Executive Order will potentially provide further support to CoTec's U.S. based interests.
In March 2025, CoTec and Mkango Resources Ltd. announced that HyProMag USA LLC ("HyProMag USA") will expand the upcoming detailed design phase of its U.S. permanent magnet recycling and manufacturing project to include three HPMS[ii] vessels (the "Project"). Furthermore, HyProMag USA will begin conceptual studies to evaluate further expansion to triple the capacity of the Project, versus that envisaged in the Feasibility Study, across the Project footprint of Fort Worth, Texas ("Texas Hub"), South Carolina, and Nevada as well as integrated U.S. development of long loop chemical processing, which is complementary to the HPMS short-loop process. HyProMag USA (
CoTec's interests in MagIron LLC ("MagIron") continue to progress. MagIron, located near Grand Rapids, Minnesota, is a U.S.-based private company, which acquired an iron ore project including the Plant 4 concentrator, which it intends to refurbish and bring back into production. MagIron continues to make significant progress on various de-risking workstreams including a National Instrument 43-101 ("NI 43-101") compliant resource estimate, pilot plant test work, and a feasibility study focused on optimizing the capital expenditure required to restart operations and the resultant operating costs. MagIron was established to becoming a key supplier of high quality, low carbon iron units, which will be critical for the future success the U.S. steel industry to support manufacturing in the United States.
CoTec's additional interests in technologies through sulphide copper leaching (Ceibo), ultra fines extraction (Salter), and cold pelletising targeting (Binding Solutions) all provide potential solutions for the accelerated development and supply of critical minerals in the United States - in keeping with the intent of the Executive Order.
Julian Treger, CoTec CEO commented, "We are very pleased to notice the continued support by the White House for permanent magnets and critical minerals in the United States. CoTec believes these immediate measures by the U.S. government are critical for the development of a strong domestic mineral industry to secure U.S. independence and support the reshoring of manufacturing and job opportunities."
"CoTec is positioning itself as a key player in critical minerals supply chains in the United States and its allied countries with investments in rare earth permanent magnet recycling, copper, and green steel."
About CoTec
CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX- V") and the OTCQB and trades under the symbol CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.
For further information, please contact:
Braam Jonker - (604) 992-5600
Forward-Looking Information Cautionary Statement
Statements in this press release regarding the Company and its investments which are not historical facts are "forward-looking statements" which involve risks and uncertainties, including statements relating to President Trump's Presidential Executive Order "Immediate Measures to Increase American Mineral Production in the United States" and any potential benefit to the Company that might be derived from the Executive Order as well as management's expectations with respect to other current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to "Risk Factors" in the Company's filing statement dated April 6, 2022, a copy of which may be found under the Company's SEDAR profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company's continuous disclosure documents which are available on SEDAR at www.sedarplus.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
[ii] HPMS = Hydrogen Processing of Magnet Scrap
SOURCE: CoTec Holdings Corp.
View the original press release on ACCESS Newswire
FAQ
How will the new Presidential Executive Order impact CoTec Holdings (CTHCF) operations?
What is the scope of HyProMag USA's expansion plans for 2025?
What progress is MagIron making in its Minnesota iron ore project?
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