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CoTec Holdings Reports Q3 Progress Amid Financial Losses

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CoTec Holdings Reports Q3 Progress Amid Financial Losses

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

CoTec Holdings Corp. has filed its third-quarter financial statements, highlighting significant progress in its rare earth magnet recycling joint venture, HyProMag USA, and its Québec iron tailings project at Lac Jeannine. The company reported a net loss of $2.9 million for the quarter, largely due to non-cash items and administrative expenses, but remains optimistic about its undervalued market position and future growth potential, supported by successful financing initiatives and strategic project advancements.

More about CoTec Holdings

CoTec Holdings Corp. is a publicly traded investment issuer listed on the TSX Venture Exchange and OTCQB, focused on revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions.

Average Trading Volume: 88,578

Technical Sentiment Signal: Buy

Current Market Cap: C$147.9M

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

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