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CoTec Holdings ( (TSE:CTH) ) just unveiled an update.
CoTec Holdings Corp. announced that its investment, MagIron LLC, has successfully completed pilot plant tests in collaboration with the University of Minnesota, confirming the technical viability of a new process flowsheet. This achievement demonstrates exceptional iron recovery rates, significantly improving upon previous results and supporting the company’s strategy to supply high-grade feedstock for the Electric Arc Furnace steel sector. The results are a major step forward for MagIron’s feasibility study and potential re-start of Plant 4 in Minnesota, positioning the company as a significant player in the US steel industry.
More about CoTec Holdings
CoTec Holdings Corp. is a company focused on redefining the future of resource extraction and recycling, with a particular emphasis on rare earth magnets and strategic materials. The company integrates breakthrough technologies with strategic assets to create secure, sustainable, and low-cost supply chains. CoTec aims to accelerate the energy transition and strengthen critical mineral supply chains through investments in disruptive technologies, transforming marginal assets and waste streams into high-value critical minerals.
Average Trading Volume: 90,828
Technical Sentiment Signal: Buy
Current Market Cap: C$165.7M
For an in-depth examination of CTH stock, go to TipRanks’ Overview page.