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CoTec Holdings Reports 2024 Financials and Strategic Progress

Story Highlights
  • CoTec Holdings reported a net income of $0.5 million for the quarter and a net loss of $0.2 million for 2024.
  • The company is on track to become a resource-producing entity by 2027, focusing on critical minerals supply chains.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CoTec Holdings Reports 2024 Financials and Strategic Progress

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The latest update is out from EastCoal ( (TSE:CTH) ).

CoTec Holdings Corp., a company focused on critical minerals supply chains for Western countries, has announced its audited financial results for 2024, reporting a net income of $0.5 million for the quarter and a net loss of $0.2 million for the year. The company has made significant strides in its HyProMag USA joint venture and Lac Jeannine project, positioning itself to become a resource-producing company by 2027. CoTec is actively working to close the gap between its market value and intrinsic value through various initiatives, including insider buying and investor awareness campaigns. The company is also preparing for the construction of its projects in 2026 with an aim for production in 2027.

More about EastCoal

YTD Price Performance: 17.19%

Average Trading Volume: 16,774

Technical Sentiment Signal: Sell

Current Market Cap: C$53.7M

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