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The latest announcement is out from CoTec Holdings ( (TSE:CTH) ).
CoTec’s U.S. joint venture HyProMag USA has commissioned an Inserma hard disk drive magnet pre-processing system at Intelligent Lifecycle Solutions’ facility in Williston, South Carolina. The site now operates two automated units capable of separating magnet assemblies from end-of-life hard disk drives in about three seconds per drive, with a combined capacity of more than 60,000 drives per week.
The new system marks a key operational milestone in building a U.S. rare earth magnet recycling platform and forms the first step in a hub-and-spoke strategy feeding a planned magnet recycling and manufacturing hub in the Dallas–Fort Worth area. Backed by strong support from federal, state and local officials, the project is positioned to strengthen domestic critical materials supply chains for advanced manufacturing and AI infrastructure, underlining CoTec’s efforts to expand its presence in strategic materials and recycling.
More about CoTec Holdings
CoTec Holdings Corp. is a Vancouver-based company focused on rare earth magnets and strategic materials, aiming to redefine resource extraction and recycling. It deploys disruptive technologies to transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals, supporting secure, sustainable and low-cost supply chains for the energy transition.
Average Trading Volume: 80,493
Technical Sentiment Signal: Buy
Current Market Cap: C$173.9M
For an in-depth examination of CTH stock, go to TipRanks’ Overview page.