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 / TSXV:CTH) notes the official opening of HyProMag UK at Tyseley Energy Park, a commercial-scale rare earth sintered magnet manufacturing facility using the patented HPMS recycling technology.
The facility can recover > 400 kg of rare earth alloy per batch and produce 100 tonnes of sintered magnets per annum on a single shift (> 300 tonnes on multiple shifts). CoTec holds a 60.3% equity interest in HyProMag USA, which is advancing U.S. expansion, a Texas hub feasibility, a signed site lease at Ironhead Commerce Center, and customer engagement for hyperscale recycling.
CoTec Holdings (TSX-V:CTH / OTCQB:CTHCF) will host an investor update on Friday, January 16, 2026 at 8:00 a.m. PST / 11:00 a.m. EST. CEO Julian Treger will present a high-level update on platform and strategic developments across the CoTec portfolio, including progress at MagIron and HyProMag USA, management's 2026 outlook, priorities, upcoming milestones, and other initiatives. A Q&A session will follow the presentation. Investors can register via the provided Zoom webinar link to attend the live update.
CoTec (OTCQB:CTHCF) reports HyProMag USA completed Expansion Concept Studies and will start pre-feasibility studies for South Carolina and Nevada hubs, aiming to triple U.S. NdFeB magnet capacity to 4,656 metric tons per year by 2029 across Texas, South Carolina and Nevada.
Concept results show a $2,180 million post-tax NPV and 38.7% real IRR based on forecast prices for a fully integrated three-hub Case 3, and $1,143 million post-tax NPV and 27.6% IRR at current prices. The studies assume commissioning of three plants between 2027–2029 and conditional expansions tied to feedstock and offtake.
CoTec (OTCQB:CTHCF / TSXV:CTH) said MagIron completed the purchase of the Reynolds Pellet Plant near Reynolds, Indiana on December 31, 2025, under the Asset Purchase Agreement.
CoTec holds 16.5% equity in MagIron on a fully diluted basis. The plant is described as a "restart-ready" straight-grate pelletizer that benefited from approximately $440 million of prior investment. MagIron plans to implement a restart strategy targeting Electric Arc Furnace (EAF) steelmakers and pursue merchant pig iron development.
CoTec (OTCQB:CTHCF) noted that MagIron entered a binding Asset Purchase Agreement to acquire the Reynolds Pellet Plant near Reynolds, Indiana, with expected close before December 31, 2025. The facility previously ran at ~2.2 mtpa pellets and can expand to 3.0 mtpa with limited capital; the site benefits from ~$440 million of prior investment.
After closing, MagIron would own an integrated portfolio (concentrator, rail loadout, pelletizer) originally built at ~$660 million, supporting a strategy to produce DR-grade pellets and evaluate downstream granulated merchant pig iron with Primetals Technologies. MagIron aims to be the U.S.'s first merchant pig iron producer, reducing import reliance and serving automotive, aerospace and defense supply chains.
CoTec Holdings (OTCQB:CTHCF) said it owns 16.5% of MagIron on a fully diluted basis and highlighted MagIron's December 18, 2025 announcement that the State of Minnesota approved five new iron ore mining leases on December 2, 2025.
The five leases are effective January 1, 2026, run for 20 years, cover 760 acres in Itasca County, and grant rights to explore, mine and process hematite iron formation. MagIron says the leases align with its proprietary process to upgrade oxidized iron into Direct Reduction (DR) grade iron ore concentrate for the U.S. electric arc furnace steel sector.
CoTec noted the leases, combined with existing stockpiles, tailings, private mineral agreements and other mineral rights, strengthen MagIron's restart plans for Plant 4 to supply low-carbon, domestically sourced iron units to U.S. steelmakers.
CoTec (OTCQB:CTHCF) reports HyProMag USA completed a Class 2 AACE detailed design for its Texas Hub, increasing magnet capacity and improving project economics.
Key metrics: post-tax NPV US$409M and 27.6% IRR at current prices; post-tax NPV US$780M and 38.7% IRR at forecast prices. Annual payable capacity is 1,552 t NdFeB (941 t magnets + 611 t co-products). Initial capex is US$142M, payback ~3.1 years at current prices, very low carbon footprint 2.35 kg CO2-eq/kg. HyProMag USA has started a strategic review for a potential U.S. listing in late 2026 or early 2027, subject to execution, financing and approvals.
CoTec (OTCQB:CTHCF) noted that HyProMag USA finalized a long-term lease for a 128,000 sq ft Texas facility at Ironhead Commerce Center in Dallas-Fort Worth to recycle and remanufacture rare-earth permanent magnets. The site sits next to BNSF intermodal rail and Alliance airport and will occupy 50% of Building 1. HyProMag USA plans to use the licensed HPMS hydrogen processing technology and aims to commission the Texas Facility by mid-2027, subject to final permitting and financing. The project expects to create ~90–100 skilled jobs, will act as a central hub for a hub-and-spoke network with pre-processing sites in Nevada and South Carolina, and has a feedstock partnership with Intelligent Lifecycle Solutions, which is stockpiling magnet-bearing materials.
CoTec (OTCQB:CTHCF) said its ~16.5% investee MagIron completed independent pilot plant testing with NRRI on November 26, 2025, validating a new flowsheet.
The flotation pilot produced DR-grade concentrate 68.3% Fe (post-LOI) with 83.5% iron recovery and BF-grade 66.4% Fe with 85.9% iron recovery, versus the original Plant 4 recovery of 40.0%. Results will feed an upcoming NI 43-101 resource/reserve and an independent feasibility study by Behre Dolbear expected shortly.
CoTec Holdings (TSXV:CTH / OTCQB:CTHCF) filed unaudited interim condensed consolidated financial statements and MD&A for the three and nine months ended September 30, 2025. Key operational updates include >25% completion of detailed design and engineering at HyProMag USA, expansion planning from one to three U.S. hubs, and completion of the Lac Jeannine 2025 infill and expansion drill program with assays expected in Q1 2026. Corporate highlights include a $13.5 million LIFE financing (35% oversubscribed), new $6.6 million convertible facilities undrawn, conversion of $6.851 million prior loans to equity, and $5.8 million cash at quarter-end. Net loss was approximately $2.9 million for the quarter and $8.1 million year-to-date.