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EastCoal ( (TSE:CTH) ) has issued an update.
CoTec Holdings Corp. has successfully completed the second closing of its LIFE Offering and concurrent Private Placement, raising a total of approximately $3.93 million under the LIFE Offering and $3.92 million under the Private Placement. The company plans to use the proceeds to fund detailed design and engineering at HyProMag USA LLC, its drilling program at the Lac Jeannine property, further investment obligations, and general corporate purposes. This financing positions CoTec to strengthen its operations and continue its strategic focus on sustainable mineral extraction technologies, potentially enhancing its market positioning as a mid-tier disruptor in the commodities sector.
More about EastCoal
CoTec Holdings Corp. is a publicly traded investment issuer listed on the TSXV and OTCQB, focusing on revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. The company aims to drive the sector toward a low-carbon future by investing in disruptive mineral extraction technologies and applying these to undervalued mining assets, enhancing efficiency and sustainability.
Average Trading Volume: 19,126
Technical Sentiment Signal: Buy
Current Market Cap: C$60.11M
For an in-depth examination of CTH stock, go to TipRanks’ Overview page.