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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.