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Turning Waste and Underused Resources into Strategic Materials

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CoTec Provides Market Update

December 2024

About CoTec

CoTec combines differentiated resource technologies with strategic assets, recycling platforms and industry partnerships to develop new sources of rare earth magnets, iron and copper.

Our focus is on opportunities where technology can unlock value from materials that are otherwise difficult to recover or underutilized — including mine tailings, low-grade resources, industrial waste and end-of-life products.

CoTec is building a differentiated resource platform focused on the recovery and production of strategic materials.

Rather than relying solely on conventional mine development, CoTec invests in and deploys technologies that can improve recoveries, reduce processing intensity and unlock value from existing resources, waste streams and recycled materials.

The Company is advancing projects and partnerships across rare earth magnets, iron and copper, including HyProMag USA’s rare earth magnet recycling and manufacturing platform, the Lac Jeannine iron tailings reclamation project in Québec, its investment in MagIron’s integrated U.S. iron platform, and emerging mineral-recovery and copper-tailings opportunities.

CoTec is publicly traded on the TSX Venture Exchange under CTH and on the OTCQX Best Market under CTHCF.

 

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Assets & Technologies

CoTec’s strategy is built around identifying technologies with a demonstrated technical advantage and combining them with assets and feedstocks where that advantage can create meaningful economic value.

Recover

Extract valuable materials from tailings, waste streams and end-of-life products that conventional processes may leave behind.

Deploy

Apply differentiated technologies through controlled projects, joint ventures and strategic partnerships.

Scale

Develop repeatable platforms capable of expanding across assets, regions and commodity markets.

The result is a growing portfolio spanning rare earth magnet recycling, iron recovery and processing, and copper.

 

Why Invest?

HyProMag USA

Building a U.S. rare earth magnet recycling and manufacturing platform

HyProMag USA is developing an integrated U.S. platform to recover magnets from end-of-life products and manufacture recycled NdFeB magnetic products.

The first Texas facility is being developed at the Ironhead Commerce Center in the Dallas-Fort Worth area, supported by pre-processing operations in South Carolina and Nevada.

Lac Jeannine

Recovering high-purity iron from historic mine tailings in Québec

CoTec is advancing the Lac Jeannine Mine Tailings Reclamation and Restoration Project through feasibility studies following a positive 2026 Preliminary Economic Assessment and successful production of iron concentrate grading greater than 67% FeT in recent metallurgical test work.

MagIron

Rebuilding a domestic U.S. iron and steelmaking feedstock platform

CoTec holds an approximately 17% fully diluted interest in MagIron, which owns iron resources and processing infrastructure in Minnesota together with the Reynolds Pellet Plant in Indiana. MagIron is evaluating production of both DR-grade pellets and merchant pig iron for the U.S. steel industry.

Mineral Recovery

Unlocking value from ultra-fine mineral streams

Through its collaboration with Salter Cyclones, CoTec is advancing commercial deployment of Multi-Gravity Separator technology for iron and manganese applications, targeting valuable mineral particles that are often lost to conventional tailings streams.

Copper

Building a technology-enabled copper platform

CoTec is expanding its activities in copper through its investment in Ceibo and through CoTec Copper, including a joint venture established to pursue historical copper-tailings opportunities in the Democratic Republic of Congo.

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Assets & Technologies

Turning Waste and Underused Resources into Strategic Materials

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