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EastCoal ( (TSE:CTH) ) just unveiled an announcement.
CoTec Holdings Corp. has announced an increase in its LIFE Offering due to strong investor demand, raising the potential gross proceeds from $5 million to $9 million. Combined with a previously announced private placement, the total potential proceeds could reach $14 million. The funds will be used for various strategic initiatives, including the development of HyProMag USA LLC and a drilling program at Lac Jeannine. The final closing of the offering is anticipated around July 11, 2025, pending necessary approvals. This move positions CoTec to strengthen its market presence and further its mission of sustainable resource extraction.
More about EastCoal
CoTec is a publicly traded investment issuer listed on the TSXV and the 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. CoTec emphasizes recycling, waste mining, and scalable solutions to accelerate the production of critical minerals, reduce environmental impact, and deliver rapid revenue generation.
Average Trading Volume: 18,949
Technical Sentiment Signal: Buy
Current Market Cap: C$74.36M
For a thorough assessment of CTH stock, go to TipRanks’ Stock Analysis page.