tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

CoTec Holdings Completes $13.5 Million Private Placement

Story Highlights
CoTec Holdings Completes $13.5 Million Private Placement

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

CoTec Holdings Corp. has successfully completed its private placement, raising a total of $13.5 million. The funds will be used to advance the design and engineering of its HyProMag USA rare earth magnet recycling facility, initiate a drill program at its Lac Jeannine iron tailings property, and fulfill additional investment obligations. The oversubscription of the offering highlights strong investor confidence in CoTec’s strategic positioning within the critical minerals supply chain. This development is expected to enhance CoTec’s market presence and potentially increase shareholder value.

More about EastCoal

Average Trading Volume: 32,283

Technical Sentiment Signal: Buy

Current Market Cap: C$78.28M

See more data about CTH stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1