CoTec Holdings Corp. Files Third Quarter Financial Statements and MD&A and Provides Market Commentary
Key Highlights
- ➤CoTec reported Q3 net loss of $4.2 million, versus $14.5 million for nine months
- ➤Convertible debenture financing raised $20 million at 12.5% interest, convertible at $1.75
- ➤HyProMag USA supplied first rare earth magnet samples to potential U.S. customers
- ➤Northlake magnet cutting and finishing commissioning remains targeted for first half of 2027
- ➤HyProMag USA expansion study indicates incremental post-tax NPV up to US$2.1 billion
Expert Statements
Julian Treger, CEO of CoTec Holdings Corp.
“CoTec continued to make strong progress in the roll out of its operations during the quarter and subsequent to quarter-end, and we do not believe our recent share price performance reflects that progress.”
Julian Treger, CEO of CoTec Holdings Corp.
“At HyProMag USA, first sample magnets have been supplied to potential customers in the United States, electrical power capacity has been secured and the first major process equipment has now been delivered to the Northlake, Texas facility.”
Julian Treger, CEO of CoTec Holdings Corp.
“Magnet cutting and finishing operations remain targeted for commissioning in the first half of 2027, followed by Phase 1 in mid-2028.”
Julian Treger, CEO of CoTec Holdings Corp.
“Beyond Northlake, the independent Pre-Feasibility Study announced on October 27, 2026 outlines options to quadruple planned U.S. rare earth magnet capacity over time through three additional plants, indicating an incremental post-tax NPV of up to US$2.1 billion based on forecast prices.”
Julian Treger, CEO of CoTec Holdings Corp.
“At Lac Jeannine, test work has confirmed the project's ability to produce a high-purity iron concentrate, and the feasibility study is expected to be completed by mid-2027.”
Julian Treger, CEO of CoTec Holdings Corp.
“We remain very encouraged by developments at MagIron, which announced a positive pig iron concept study and completed a successful pot-grate pellet test program during the quarter, and which continues to engage with potential customers and financing partners for the re-start of its facilities.”
Julian Treger, CEO of CoTec Holdings Corp.
“The completion of our $20 million convertible debenture financing has improved our liquidity as we advance the Northlake facility, and discussions with potential project financiers for HyProMag USA are progressing.”
Julian Treger, CEO of CoTec Holdings Corp.
“We remain highly focused on executing our strategy and delivering the milestones ahead, which we believe will ultimately be reflected in value for our shareholders.”
VANCOUVER, BC / ACCESS Newswire / November 10, 2026 / CoTec Holdings Corp. (TSXV:CTH)(OTCQX:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has filed its unaudited interim condensed consolidated financial statements and the accompanying management discussion and analysis ("MD&A") for the three and nine months ended September 30, 2026, and to provide commentary on the recent trading activity in its common shares. The financial statements and MD&A can be accessed under the Company's SEDAR+ profile at www.sedarplus.ca.
The Company's Chief Executive Officer, Julian Treger, and Chief Financial Officer, Braam Jonker, will host an investor webinar on Thursday, November 12, 2026, at 10:00am PT / 12:00pm ET to discuss the results and provide an update across CoTec's portfolio. A Q&A period will follow the presentation. Investors that want to attend the presentation may do so by clicking here to register. Should the aforementioned link not work, please copy and paste the following link to your browser:
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