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CoTec Holdings ( (TSE:CTH) ) has provided an announcement.
CoTec Holdings Corp. has triggered an acceleration clause on 17,339,336 common share purchase warrants issued in a prior financing, after its TSX-V share price exceeded C$1.35 for 15 consecutive trading days. The new expiry date for all outstanding warrants is April 10, 2026, after which any unexercised warrants will lapse.
So far, 5,132,643 warrants have been exercised, generating gross proceeds of about C$6.16 million for the company. Full exercise of the remaining 12,206,696 warrants would bring in an additional roughly C$14.65 million, potentially strengthening CoTec’s balance sheet as it advances its portfolio of technology-driven critical minerals and recycling projects.
More about CoTec Holdings
CoTec Holdings Corp. is a Vancouver-based company focused on redefining resource extraction and recycling, with an emphasis on rare earth magnets and strategic materials. The company integrates disruptive technologies with strategic assets, targeting secure, sustainable and low-cost supply chains across projects in magnet recycling, iron tailings reprocessing, and next-generation copper and iron solutions.
Average Trading Volume: 74,879
Technical Sentiment Signal: Buy
Current Market Cap: C$184.6M
See more data about CTH stock on TipRanks’ Stock Analysis page.