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CoTec and Mkango Advance U.S. Rare Earth Magnet Project

Story Highlights
  • CoTec and Mkango engage PegasusTSI and BBA USA for HyProMag USA’s rare earth magnet project.
  • The project aims to supply 10% of U.S. NdFeB magnet demand, boosting domestic supply chains.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CoTec and Mkango Advance U.S. Rare Earth Magnet Project

Confident Investing Starts Here:

An update from EastCoal ( (TSE:CTH) ) is now available.

CoTec Holdings Corp. and Mkango Resources Ltd. have engaged PegasusTSI Inc. and BBA USA Inc. to provide engineering, procurement, and construction management services for HyProMag USA’s rare earth magnet recycling and manufacturing project in Dallas-Fort Worth, Texas. This project aims to supply 10% of the U.S. domestic demand for NdFeB magnets within five years, contributing to a more robust rare earth supply chain and reducing reliance on foreign sources. The initiative is expected to create significant job opportunities and strengthen the U.S. magnet sector.

More about EastCoal

YTD Price Performance: 9.38%

Average Trading Volume: 15,690

Technical Sentiment Signal: Sell

Current Market Cap: C$49.72M

Learn more about CTH stock on TipRanks’ Stock Analysis page.

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