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The latest announcement is out from CoTec Holdings ( (TSE:CTH) ).
CoTec Holdings highlighted the official opening of HyProMag Limited’s first commercial-scale rare earth sintered magnet manufacturing facility at Tyseley Energy Park in the UK, the country’s only plant of its kind, which uses the University of Birmingham’s proprietary Hydrogen Processing of Magnet Scrap (HPMS) technology to recycle rare earth magnets into new NdFeB alloy and sintered magnet blocks at annual capacities of up to 300 tonnes on multiple shifts. With CoTec holding a 60.3% equity interest in HyProMag USA, the UK facility is expected to de-risk and accelerate the rollout of HyProMag’s U.S. operations, underpinning technical expertise and product qualification for American customers as HyProMag USA advances its expansion plans in South Carolina, Nevada and a Texas hub, and positions itself as a key low-carbon, magnet-to-magnet recycling partner for hyperscale data center and AI infrastructure operators seeking secure domestic supply chains.
More about CoTec Holdings
CoTec Holdings Corp. is a Vancouver-based company focused on rare earth magnets and other strategic materials, aiming to redefine resource extraction and recycling. Through the integration of breakthrough technologies with strategic assets, it targets secure, sustainable and low-cost supply chains for the United States and its allies, turning marginal assets, tailings, waste streams and recycled products into high-value critical minerals.
Average Trading Volume: 59,945
Technical Sentiment Signal: Buy
Current Market Cap: C$172.4M
For a thorough assessment of CTH stock, go to TipRanks’ Stock Analysis page.