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CoTec Holdings Corp. (CTHCF) is an ESG-focused company investing in innovative technologies that can change the way metals and minerals are extracted and processed. The company is transitioning into a mid-tier mineral resource producer, with a strong focus on sustainable practices and environmental stewardship.
Recent achievements include a net income of $9.8 million for the financial year ended December 31, 2023. CoTec has made strategic investments in companies like Maginito, HyProMag, and Binding Solutions Limited. These investments aim to revolutionize the recovery of rare earth elements, cold bonding technology in the mining sector, and leaching processes for copper waste material.
CoTec's partnerships with organizations like the Birmingham Centre for Strategic Elements and Critical Materials and its commitment to initiatives like SAFE underscore its dedication to advancing transformative technologies and supporting a lower carbon future for the extraction industry.
With a portfolio of investments and operational opportunities, CoTec continues to provide a compelling value proposition to investors, driven by a strong leadership team and significant insider support.
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CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) announces the appointment of Mr. Erez Ichilov to its Board of Directors and the resignation of Mr. John Conlon as a non-executive director, effective January 1, 2024. Mr. Ichilov, a seasoned mining and metals executive, brings a legal and financial background and has a strong focus on responsible mining of Battery Materials and other Critical Minerals. He has served as Managing Director at Traxys Projects LP since 2012, with notable investments in companies like Nouveau Monde Graphite, Li-Cycle Holdings Corp., Talon Metals, and Nemaska Lithium. Previously, Mr. Ichilov was the Deputy CEO - Corporate Development of the Ferro-Nickel miner and producer Cunico Resources N.V.
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CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) has announced the first production of recycled rare earth magnets in the UK by its investee Maginito Limited. The production run was completed by Maginito's subsidiary HyProMag Limited in collaboration with the University of Birmingham at Tyseley Energy Park. Commercial production at Tyseley is targeted for mid-2024, with initial throughput at 20 tonnes per year, scaling up to a minimum of 100tpa. Larger scale-up scenarios of up to 1,000tpa are being evaluated. The Tyseley plant forms the basis for the 2024 development of magnet recycling and manufacture in Germany by HyProMag GmbH and for the feasibility study of a multi-spoke and hub operation in the United States through the joint venture between CoTec and Maginito. The successful piloting operation commissioned in 2022 at the University of Birmingham has produced over 3,000 finished rare earth magnets to date. CoTec CEO, Julian Treger, expressed optimism about the success achieved and the potential role of HyProMag technology in the future rare earth elements independence of the West, emphasizing CoTec's support of HyProMag's efforts in the UK and Germany and through its joint venture with Maginito in the United States.
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CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) announces a non-brokered private placement of up to 3,333,333 units at $0.75 per unit, aiming to raise up to $2,500,000. The company plans to use the proceeds for investment commitments, repayment of debt, and working capital. Certain directors and officers are expected to participate in the placement. The closing is subject to regulatory approvals, including the TSXV.
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CoTec Holdings Corp. (CTH) has received $2.25 million from the exercise of 3 million warrants at 75 cents by Kings Chapel International (KCI). Julian Treger, CoTec CEO, stated that the company's intrinsic value exceeds its share price. KCI has increased its ownership to 37.08% of the issued and outstanding Common Shares.
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CoTec Holdings Corp. announces successful annual and special meeting of shareholders
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Mkango Resources and CoTec Holdings provide an update on the roll-out of HyProMag's rare earth magnet recycling technology into the United States
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CoTec Holdings Corp. announces DTC eligibility for its common shares, allowing for electronic clearing and settlement in the United States. This could enhance liquidity and attract new investors.
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CoTec Holdings Corp. completes sonic drilling and bulk sampling testing at Lac Jeannine property. Results expected in Q1 2024. Company targeting completion of maiden resource estimate and feasibility study for low cost, low carbon iron ore pellets. Revenue expected by 2025/2026.
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CoTec Holdings Corp. CEO to present at Emerging Growth Conference on October 4, 2023.
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CoTec Holdings Corp. has converted its £2 million loan note in Mkango Resources Ltd. into additional shares of Maginito Ltd., increasing its equity position from 10% to 20.6%. CoTec and Mkango have also formed a 50:50 joint venture to pursue the roll-out of HyProMag's rare earth magnet recycling technology in the US. CoTec will fund the development costs of the US Project, with expected funding of £30 million to £50 million over the first three years post completion of the Feasibility Study. The roll-out of the HyProMag technology in the US is ongoing, with first production targeted for 2025/2026.
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FAQ
What is the current stock price of COTEC HLDGS (CTHCF)?
The current stock price of COTEC HLDGS (CTHCF) is $0.4571 as of December 19, 2024.
What is the market cap of COTEC HLDGS (CTHCF)?
The market cap of COTEC HLDGS (CTHCF) is approximately 31.2M.
What is CoTec Holdings Corp. focused on?
CoTec is an ESG-focused company investing in innovative technologies that can change the way metals and minerals are extracted and processed.
What are some recent achievements of CoTec Holdings Corp.?
CoTec reported a net income of $9.8 million for the financial year ended December 31, 2023 and made strategic investments in companies like Maginito, HyProMag, and Binding Solutions Limited.
What partnerships has CoTec Holdings Corp. formed?
CoTec has partnered with organizations like the Birmingham Centre for Strategic Elements and Critical Materials and has become a member of SAFE to support transformative technologies in the extraction industry.
How does CoTec Holdings Corp. provide value to investors?
With a strong portfolio of investments, operational opportunities, and insider support, CoTec offers a compelling value proposition to investors looking to engage with ESG-focused companies.
COTEC HLDGS CORP
OTC:CTHCF
CTHCF Rankings
CTHCF Stock Data
31.21M
57.11M
Offices of Other Holding Companies
Management of Companies and Enterprises
United States of America