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CoTec Holdings ( (TSE:CTH) ) just unveiled an announcement.
HyProMag USA, a joint venture involving CoTec Holdings, has expanded its feedstock supply agreement with Intelligent Lifecycle Solutions (ILS) to enhance its rare earth magnet recycling operations. This agreement will see ILS securing and storing neodymium iron boron feedstock from various sources, including hard disk drives and electric motors, to support HyProMag USA’s upcoming recycling plant in Texas. The collaboration aims to boost the recovery and recycling of critical materials in the U.S., fostering growth in the rare earth material recycling sector.
More about CoTec Holdings
CoTec Holdings Corp. is focused on redefining the future of resource extraction and recycling, particularly in rare earth magnets and strategic materials. The company integrates breakthrough technologies with strategic assets to create secure, sustainable, and low-cost supply chains for the United States and its allies, aiming to accelerate the energy transition and strengthen U.S. economic and national security.
Average Trading Volume: 88,578
Technical Sentiment Signal: Buy
Current Market Cap: C$147.9M
For an in-depth examination of CTH stock, go to TipRanks’ Overview page.