By specializing in uncommon earth recycling, inexperienced metal, and sustainable copper extraction, CoTec is addressing essential provide chain vulnerabilities for North America and its allies. Our property are primarily based within the USA, European, Canadian and UK markets, all tier one jurisdictions, and our largely US dollar-based portfolio gives a pure hedge towards foreign money weak spot exterior of the USA.
Julian Treger, CoTec CEO commented; “2024 was a milestone yr for CoTec as we constructed the operational basis for what quickly can be a income producing firm. The Board of Administrators and administration are excited for 2025 and proceed to help the Firm by way of the acquisition of shares out there and direct monetary help, demonstrating their confidence within the CoTec worth proposition and our capacity to ship superior returns to our shareholders. We acknowledge the fabric distinction between our sum of the elements valuation and our market capitalization, and we’re working exhausting to create market consciousness and help for our inventory to shut this worth hole.”
“We enter 2025 with clear aims and confidence in our capacity to execute on our goal of being a useful resource producing firm by early 2027, merely 5 years after founding the Firm. CoTec is nicely positioned as a sustainable mining firm of the longer term addressing the necessities of essential mineral provide chains and we proceed to work intently with our companions and stakeholders to handle legacy property and implement progress prospects from earlier low worth alternatives.”
Current Highlights
Company
- Accomplished impartial technical research on HyProMag USA and Lac Jeannine, valuing CoTec’s undiluted, attributable curiosity in these two tasks at over CAD$300 million1.
- Administrators and administration acquired greater than 600,000 CoTec shares out there throughout H2, 2024, demonstrating confidence within the Firm’s long-term worth proposition.
- Secured a CAD$4.5 million convertible mortgage facility from Kings Chapel Worldwide Restricted, an organization related to CoTec CEO Julian Treger. The mortgage is convertible into CoTec inventory at 75c per share, a big premium to the market value on the time.
- Engaged Peter Epstein and Torrey Hills Capital to help the Firm in its investor relations and market consciousness efforts.
Initiatives
HyProMag USA LLC (60.3% possession)
- Accomplished impartial feasibility examine with NPV7% of US$262 million, actual IRR of 23% and payback interval of three.9 years at present market costs2.
- NPV7% US$503 million, actual IRR of 31% and payback of three.1 years utilizing forecast pricing.
- Initiated EPCM contractor choice to undertake detailed design, engineering and undertaking building.
- Engaged with USA Authorities and industrial monetary establishments for potential funding of the undertaking.
- Superior discussions with quite a few potential suppliers and off-takers.
- Showcased HyProMag’s uncommon earth magnet recycling and manufacturing tasks on the Minerals Safety Partnership assembly in Brussels.
- Maginito Restricted secured unique settlement with Inserma to commercialise automated preprocessing of exhausting disc drives, loudspeakers and electrical motors for all HyProMag operations.
Lac Jeannine (100% possession)
- Accomplished preliminary financial evaluation with NPV7% of US$59.5 million and actual IRR of 30%3.
- Outlined an Preliminary Inferred Mineral Useful resource of 73 million tonnes (Mt) at 6.7% whole Fe for 4.9 Mt of contained whole Fe.
- Recognized tailings materials surrounding the Inferred Mineral Useful resource (“Adjoining Tailings”) that, if confirmed by drilling and evaluation, might probably add 50 to 70 Mt to the undertaking.
- Commenced course of to nominate a drilling contractor to finish infill drilling of 2024 outcomes and enlargement drilling on Adjoining Tailings.
- Engaged stakeholders, together with First Nations and Funding Quebec, to advance allowing and neighborhood help.
Key Operational Targets for 2025
HyProMag USA
- Appoint US primarily based EPCM contractor.
- Full detailed design and engineering and make sure discover to proceed.
- Ordering of long-lead objects and signal lease/purchase property in Fort Value, Texas the place the primary undertaking facility can be primarily based.
- Utility for all related permits and securing off-take and provide contracts.
- Safe financing for the undertaking (Authorities & industrial) and begin building.
Lac Jeannine
- Full infill drilling to improve and develop mineral assets.
- Full a Request for Proposal course of for Feasibility Research.
- Fee Feasibility Research.
- Apply for all related permits and procure help from all related stakeholders.
Different
- Safe a copper asset alternative with Ceibo expertise.
- Spend money on two additional applied sciences complementary to our current portfolio.
- Construct out organisational technical capability while guaranteeing operational effectivity, and worth creation.
The Impartial Certified Particular person as outlined by NI 43-101 for the Lac Jeannine Mineral Useful resource, Mr. Christian Beaulieu, P.Geo., is a member of l’Ordre des géologues du Québec (#1072). The Certified Particular person has reviewed and accepted the scientific and technical content material of this announcement regarding the Lac Jeannine Mineral Useful resource.
About CoTec
CoTec is a publicly traded funding issuer listed on the Toronto Enterprise Inventory Trade (“TSX– V”) and the OTCQB and trades below the image CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking useful resource extraction firm dedicated to revolutionizing the worldwide metals and minerals business by way of progressive, environmentally sustainable applied sciences and strategic asset acquisitions. With a mission to drive the sector towards a low-carbon future, CoTec employs a twin strategy: investing in disruptive mineral extraction applied sciences that improve effectivity and sustainability whereas making use of these applied sciences to undervalued mining property to unlock their full potential. By specializing in recycling, waste mining, and scalable options, the Firm accelerates the manufacturing of essential minerals, shortens improvement timelines, and reduces environmental impression. CoTec’s strategic mannequin delivers low capital necessities, speedy income technology, and excessive limitations to entry, positioning it as a number one mid-tier disruptor within the commodities sector.
For additional info, please contact:
Braam Jonker – (604) 992-5600
Ahead-Trying Info Cautionary Assertion
Statements on this press launch concerning the Firm and its investments which aren’t historic information are “forward-looking statements” that contain dangers and uncertainties, together with statements regarding administration’s expectations with respect to CoTec’s capacity to grow to be a cash-flow producing firm and when that may happen, the potential worth of the Lac Jeannine and HyProMag USA tasks and its present and potential future investments and the advantages to the Firm which can be implied from such statements. Since forward-looking statements deal with future occasions and circumstances, by their very nature, they contain inherent dangers and uncertainties. Precise leads to every case might differ materially from these presently anticipated in such statements. For additional particulars concerning dangers and uncertainties dealing with the Firm please check with “Danger Components” within the Firm’s submitting assertion dated April 6, 2022, a replica of which can be discovered below the Firm’s SEDAR+ profile at www.sedarplus.com and its different public disclosure paperwork.
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch.
1Primarily based on indicative NPV7% of US$59.5 million as per preliminary financial evaluation of the Lac Jeannine undertaking and 100% possession by CoTec and NPV7% of US$262 million as per the feasibility examine of HyProMag USA and 60.3% CoTec fairness curiosity.
2For additional particulars on the feasibility examine, please check with CoTec’s November 25, 2024, press launch.
3For additional particulars, please check with the technical report entitled “Mineral Useful resource Estimate, Preliminary Financial Evaluation and NI 43-101 technical report for CoTec’s Lac Jeannine Fe Tailings Challenge, Québec, Canada” dated August 5, 2024 and having an efficient date of March 19, 2024 ready by Addison Mining Companies Ltd., JPL GeoServices Inc., Soutex Inc., Amerston Consulting Ltd. and Axe Valley Mining Consultants Ltd. A replica of the technical report is accessible below CoTec’s profile on SEDAR+ (www.sedarplus.com) and the Firm’s web site.
