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About CoTec Holdings Corp.
CoTec Holdings Corp. (TSXV:CTH, OTCQB:CTHCF) is a publicly traded investment issuer committed to transforming the global metals and minerals industry through the adoption of innovative, environmentally sustainable technologies. Operating at the intersection of resource extraction and technological innovation, CoTec focuses on investing in disruptive mineral extraction technologies while applying these advancements to undervalued mining assets and recycling opportunities. This dual approach enables CoTec to address critical supply chain gaps for minerals essential to renewable energy, electric vehicles, and green steel production.
Core Business Model and Strategy
CoTec’s business model is centered on leveraging cutting-edge technologies to enhance efficiency and sustainability in mineral extraction. The company prioritizes recycling, waste mining, and scalable solutions to accelerate the production of critical minerals while reducing environmental impact. By acquiring or partnering with undervalued assets, CoTec applies proprietary innovations to unlock their potential, thereby shortening development timelines and minimizing capital requirements. This strategy positions CoTec as a mid-tier disruptor in the commodities sector, offering high barriers to entry and rapid revenue generation.
Key Areas of Focus
- Rare Earth Recycling: Through its investment in HyProMag USA, CoTec is advancing patented hydrogen processing technology for recycling rare earth magnets, addressing supply chain vulnerabilities and supporting the transition to a low-carbon economy.
- Green Steel Production: The Lac Jeannine project in Québec exemplifies CoTec’s focus on rehabilitating historical mine sites to produce high-purity iron concentrates for the green steel industry.
- Innovative Technologies: Collaborations such as the WaveCracker™ project with McGill University and the application of Salter Cyclones’ Multi-Gravity Separators (MGS) demonstrate CoTec’s commitment to pioneering low-carbon, high-efficiency mineral recovery methods.
Market Position and Competitive Advantages
CoTec operates in tier-one jurisdictions, including the United States, Canada, and Europe, ensuring regulatory stability and access to premium markets. Its portfolio of U.S. dollar-based assets provides a natural hedge against currency fluctuations. The company’s competitive edge lies in its ability to integrate disruptive technologies into traditional resource extraction processes, creating value from waste materials and legacy assets. By focusing on critical minerals such as neodymium, iron, and manganese, CoTec aligns with the growing demand for sustainable resource solutions in clean energy and advanced manufacturing sectors.
Commitment to Sustainability
As an ESG-focused company, CoTec is dedicated to supporting the global transition to a low-carbon future. Its investments in recycling technologies and waste mining not only reduce environmental impact but also contribute to the circular economy. By repurposing end-of-life materials and tailings, CoTec exemplifies how innovation can drive both economic and ecological benefits.
Conclusion
CoTec Holdings Corp. stands at the forefront of a green revolution in resource extraction, combining technological innovation with strategic asset management to redefine the production of critical minerals. With a robust portfolio of projects and partnerships, CoTec is well-positioned to deliver sustainable solutions that meet the demands of modern industries while addressing environmental challenges.
CoTec Holdings Corp (CTHCF) reported Q3 2024 financial results with a comprehensive loss of $2.19 million for the quarter and $0.78 million for the nine months ended September 30, 2024. The loss was mainly due to adverse exchange rate impacts on investments ($381k) and equity incentive unit vesting ($822k). Key developments include filing a Preliminary Economic Assessment for Lac Jeannine Iron Tailings Project, showing pre-tax NPV7% of US$93.6M and IRR of 38%, progress on HyProMag USA's feasibility study, and raising $2.75 million through private placement. The company expects to begin project build-out in H2 2025 with first revenue anticipated by end of H2 2026.
Maginito (79.4% owned by Mkango, 20.6% by CoTec) has secured an exclusive agreement with Inserma Anoia S.L to commercialize automated pre-processing technologies for HyProMag in the UK, Germany, US, and other regions. The collaboration focuses on optimizing and rolling out technologies for hard disc drives (HDDs), loudspeakers, and electric motors.
Key points:
- Inserma's mobile unit can rapidly remove voice call motors containing rare earth magnets from HDDs in <3 seconds
- The technology provides a steady neodymium magnet scrap feed for HyProMag's HPMS process
- Initial purchase of three units for HDD pre-processing in UK, Germany, and US
- Collaboration aims to deploy hundreds of pre-processing units across multiple jurisdictions
- Agreement includes exclusive rights and intellectual property sharing
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) has filed an independent National Instrument 43-101 technical report for its Lac Jeannine Iron Tailings Project in Québec, Canada. The report, dated August 5, 2024, with an effective date of March 19, 2024, includes a Mineral Resource Estimate and Preliminary Economic Assessment (PEA). The PEA results, previously announced on June 27, 2024, remain unchanged, with no material differences between the filed report and the earlier release. The company confirms that no new information materially affects the previously disclosed PEA results. The full technical report is now available on SEDAR+ and CoTec's website for public access.
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) has filed its Q2 2024 financial results, reporting comprehensive income of $1.45 million for the quarter and $1.42 million for the six months ended June 30, 2024. Key highlights include:
1. Completion of the Lac Jeannine Iron Tailings Project PEA, showing an Initial Inferred Mineral Resource of 73 million tonnes at 6.7% total Fe and a pre-tax NPV7% of US$93.6 million.
2. Progress on the HyProMag USA Feasibility Study, on track for release by the end of fiscal 2024.
3. MagIron's signing of long-term mineral leases to support Plant 4 restart.
4. Appointment of Linda Lourie to HyProMag USA 's Board.
5. Raised $2.6 million through a non-brokered private placement.
The company aims to generate first revenue from HyProMag USA in 2026, demonstrating its strategy to bring production and revenues to market quickly with reduced environmental impact and capital intensity.
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) has engaged San Diego Torrey Hills Capital, Inc. to provide market awareness and investor relations services, subject to TSX Venture Exchange acceptance. Torrey Hills, led by Cliff Mastricola, specializes in small and microcap companies. The firm will increase awareness about CoTec through its established relationships with investment professionals.
The engagement terms include:
- US$5,000 monthly rate for an initial six-month term
- Automatic extension with a 30-day termination notice
- One-time grant of 150,000 incentive stock options at C$0.50 per share for three years
Torrey Hills currently holds no direct or indirect interest in CoTec's securities, except for the potential exercise of the granted options.
Mkango Resources has provided an update on the commissioning of its short-loop rare earth magnet recycling and manufacturing plant at Tyseley Energy Park in Birmingham, UK. The plant, operated by HyProMag, is expected to start commercial operations in Q1 2025. Key milestones include:
- Magnet manufacturing presses commissioned in December 2023
- Powder processing plant delivered in July 2024
- HPMS vessel expected in September 2024
- Infrastructure development to commence in September 2024
Initial production is targeted at 25-30 tonnes per year of recycled NdFeB, with potential to scale up to 100-330 tonnes annually. The project aims to establish a domestic source of recycled rare earths in the UK, important for clean energy technologies and electronic devices.
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) has announced the granting of stock options to company officers and a director. A total of 532,301 options were granted to an officer and director, while an additional 350,000 options were granted to other officers. The options, effective July 15, 2024, have a three-year vesting period and a ten-year validity. Of these, 682,301 options are exercisable at $0.50 per share, while the remaining 200,000 are exercisable at $0.75 per share. These options are governed by the company's Omnibus Equity Incentive Plan and are subject to TSX Venture Exchange policies.
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) and Mkango Resources (MKA) have announced mid-project findings for HyProMag USA's bankable feasibility study. The study, 50% complete, aims to establish rare earth magnet recycling plants in the United States. Key points include:
- Targeted production of 500-800 tonnes per annum of NdFeB magnets
- Four shortlisted 'hub' sites in Fort Worth, Texas
- First U.S. magnet production targeted for H2 2026
- Discussions with U.S. government for funding support
- Project aligns with U.S. Defense Production Act requirements
The study, conducted by BBA USA Inc. and PegasusTSI Inc., is set to complete in Q4 2024, with site selection finalized and permitting to begin in Q1 2025.
CoTec Holdings Corp. (CTHCF) and Mkango Resources announce mid-project findings for HyProMag USA's bankable feasibility study on REE magnet recycling plants in the United States. Key points include:
1. Study is 50% complete, targeting completion in Q4 2024
2. Production capacity of 500-800 tonnes per annum of NdFeB magnets
3. Four shortlisted 'hub' sites in Fort Worth, Texas
4. First U.S. magnet production targeted for H2 2026
5. Discussions with U.S. government for funding support
6. Project aligns with U.S. Defense Production Act requirements
The study aims to establish a sustainable, domestic supply of NdFeB permanent magnets using HPMS recycling technology.
CoTec Holdings Corp. (TSXV:CTH) has completed a non-brokered private placement of 5,500,000 common shares to Kings Chapel International at $0.50 per share, generating $2,750,000 in gross proceeds. Kings Chapel, an existing insider and control person, is linked to CEO Julian Treger via a family trust. The transaction, exempt from certain MI 61-101 requirements, will use $500,000 to repay part of a loan from Kings Chapel. Post-placement, Kings Chapel's stake rose to 44.96%, while Treger's stake decreased to 3.79%. The remaining funds will support potential investments and working capital.
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