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CoTec Holdings ( (TSE:CTH) ) has shared an announcement.
CoTec Holdings said portfolio company MagIron LLC has completed an independent definitive feasibility study confirming the strong economics and technical robustness of restarting its Plant 4 facility in Minnesota and the Reynolds Pellet Plant in Indiana to produce direct-reduced grade iron ore pellets for the U.S. electric arc furnace steel market. The study outlines a long-life, high-return project with a 32-year mine life, significant annual DR-grade pellet output using largely existing infrastructure, and a planned final investment decision in early 2026, implying an attributable post-tax net present value of about US$272 million for CoTec’s roughly 17% stake and reinforcing its strategy of backing assets that strengthen domestic critical-materials supply chains.
More about CoTec Holdings
CoTec Holdings Corp. is a Vancouver-based company focused on redefining resource extraction and recycling, with an emphasis on rare earth magnets and other strategic materials. By integrating breakthrough technologies with strategic assets, CoTec aims to build secure, sustainable and low-cost supply chains for the United States and its allies, supporting the energy transition and U.S. economic and national security through capital-efficient, scalable solutions that upgrade marginal assets.
Average Trading Volume: 59,945
Technical Sentiment Signal: Buy
Current Market Cap: C$172.4M
For an in-depth examination of CTH stock, go to TipRanks’ Overview page.