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CoTec Holdings ( (TSE:CTH) ) just unveiled an announcement.
CoTec Holdings highlighted that its portfolio company MagIron LLC has completed an independent definitive feasibility study confirming the strong economics and rapid restart potential of its Plant 4 facility in Minnesota and the Reynolds Pellet Plant in Indiana to produce direct-reduced grade iron ore pellets. The study outlines a 32-year mine life, robust project returns, and a planned restart using historically developed infrastructure with significant embedded capital, positioning MagIron as a future domestic supplier of high-quality DR-grade iron units to the U.S. electric arc furnace steel market. With MagIron targeting a final investment decision in early 2026 and commissioning in 2027, CoTec’s roughly 17% stake implies substantial potential attributable value, reinforcing its strategy of investing in assets that enhance domestic critical material supply chains and potentially strengthening its position within the strategic materials sector.
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 strategic materials. By integrating breakthrough technologies with strategic assets, CoTec aims to create secure, sustainable and low-cost supply chains for the United States and its allies, supporting the energy transition while bolstering U.S. economic and national security.
Average Trading Volume: 59,945
Technical Sentiment Signal: Buy
Current Market Cap: C$172.4M
Learn more about CTH stock on TipRanks’ Stock Analysis page.