COTEC HLDGS CORP - CTHCF STOCK NEWS

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.

CoTec Holdings Corp. announced the filing of its audited annual financial statements for 2023, reporting a net income of $9.8 million. The company made various operational advancements, including investments in Maginito and Binding Solutions , engagement in the HyProMag USA Feasibility Study, and acquisition of Lac Jeannine iron ore mining claims. CoTec also secured a partnership with the Birmingham Centre for Strategic Elements and became a member of SAFE. CEO Julian Treger highlighted the successful year and the company's shift towards operational activities.

CoTec Holdings Corp. announced the initial closing of a non-brokered private placement, raising $2,070,513.07 from the issuance of 4,141,025 units. The private placement aims to raise up to $3,000,000 through the issuance of 6,000,000 units priced at $0.50 each. The funds will be used for ongoing feasibility studies and general working capital. Kings Chapel International , an existing insider, purchased 4,000,000 units in the initial closing.

CoTec Holdings Corp. announces a non-brokered private placement of up to 6,000,000 units at $0.50 per unit, aiming for gross proceeds of $3,000,000. The funds will be used for investment commitments and working capital. Kings Chapel International is expected to participate in the placement. The closing is subject to regulatory approvals.

CoTec Holdings Corp. announces CEO Julian Treger's interview on Resource Stock Digest. Investors can watch the interview on the company's website.

CoTec Holdings Corp. provides updates on operational roll-out opportunities and NCIB Program. Progress in HyProMag USA and Lac Jeannine projects, engagement with engineering companies, completion of Feasibility Study and PEA, site selection for plant, discussions with feedstock suppliers, and appointment of Robert Harward to the board are highlighted. NCIB Program details share acquisitions at prices between $0.60 and $0.69.

CoTec Holdings Corp. (CTHCF) CEO to Present Investor Update on March 18, 2024

CoTec Holdings Corp. and Mkango Resources Ltd. announce the engagement of BBA USA Inc. and PegasusTSI Inc. to complete the HyProMag USA bankable feasibility study for REE magnet recycling plants and a production facility in the United States. The study aims to establish a sustainable, domestic supply of neodymium/iron/boron permanent magnets. The project is expected to be completed by H2 2024, with potential revenue targeted for 2025/2026. CoTec and Mkango will jointly decide on project construction post-study, with CoTec funding the development costs. HyProMag USA is also seeking US Government funding and strategic partnerships for feed supply and magnet offtake.