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An update from CoTec Holdings ( (TSE:CTH) ) is now available.
CoTec Holdings Corp. announced that Kings Chapel International has exercised all 833,332 of its share purchase warrants at an exercise price of $1.20 per share, delivering approximately $1 million in gross proceeds and bringing CoTec’s total issued and outstanding common shares to 99,940,639. The warrant exercise, by a trust associated with CEO Julian Treger and a long-term shareholder, reinforces insider confidence in CoTec’s strategy while strengthening its balance sheet and financial flexibility to advance its portfolio of strategic materials and resource recovery investments, supporting its broader push to build a diversified, technology-driven platform in critical minerals and recycling.
More about CoTec Holdings
CoTec Holdings Corp. is a Canadian company focused on redefining resource extraction and recycling, with an emphasis on rare earth magnets and strategic materials. It integrates disruptive technologies with strategic assets to create secure, sustainable and low-cost supply chains, targeting the transformation of marginal assets, tailings, waste streams and recycled products into high-value critical minerals. CoTec’s portfolio includes its HyProMag USA magnet recycling joint venture in Texas, iron tailings reprocessing in Québec, and next-generation copper and iron projects supported by major industry partners, positioning the company at the intersection of technology, sustainability and strategic materials for the energy transition.
Average Trading Volume: 60,081
Technical Sentiment Signal: Buy
Current Market Cap: C$178.4M
Learn more about CTH stock on TipRanks’ Stock Analysis page.