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CoTec Holdings ( (TSE:CTH) ) has shared an announcement.
HyProMag USA, a joint venture between CoTec Holdings and HyProMag Limited, has purchased three Inserma magnet and PCB separation units for its rare earth magnet recycling hubs in Texas, Nevada, and South Carolina. This acquisition is a strategic move to enhance HyProMag USA’s competitive advantage in the recycling industry by enabling efficient pre-processing of feedstock. The units will be operated by Intelligent Lifecycle Solutions to support the Fort Worth facility, furthering CoTec’s goal of providing a closed-loop, secure recycling network in the U.S. with low costs and a reduced carbon footprint.
More about CoTec Holdings
CoTec Holdings Corp. is focused on redefining resource extraction and recycling, particularly in rare earth magnets and strategic materials. The company aims to integrate breakthrough technologies with strategic assets to create secure, sustainable, and cost-effective supply chains for the United States and its allies. CoTec’s mission is to accelerate the energy transition while enhancing U.S. economic and national security by transforming marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.
Average Trading Volume: 54,100
Technical Sentiment Signal: Buy
Current Market Cap: C$108.9M
For a thorough assessment of CTH stock, go to TipRanks’ Stock Analysis page.