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The latest update is out from CoTec Holdings ( (TSE:CTH) ).
CoTec Holdings highlighted the official opening of HyProMag’s first commercial-scale rare earth sintered magnet manufacturing facility at Tyseley Energy Park in the UK, the country’s only plant of its kind, which uses University of Birmingham-developed HPMS technology to recycle rare earth magnets and produce new NdFeB sintered magnets at up to 300 tonnes per year on multiple shifts. With CoTec holding a 60.3% interest in HyProMag USA, the UK facility is seen as a key technical and operational de-risking step for the roll-out of HyProMag’s platform in the United States, supporting faster product qualification for U.S. customers and bolstering domestic supply chain resilience as HyProMag USA advances expansion plans in South Carolina, Nevada and Texas, targets a U.S. listing, and positions itself as a preferred magnet-to-magnet recycling partner for hyperscale data center and AI infrastructure operators.
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 other strategic materials. Through the integration of breakthrough technologies with strategic assets, CoTec aims to build secure, sustainable and low-cost critical mineral supply chains for the United States and its allies, including projects such as its HyProMag USA magnet recycling joint venture and other initiatives that convert marginal assets, tailings, waste streams and recycled products into high-value critical minerals.
Average Trading Volume: 59,945
Technical Sentiment Signal: Buy
Current Market Cap: C$172.4M
For an in-depth examination of CTH stock, go to TipRanks’ Overview page.