on CoTec Holdings Corp. (CVE:CTH)
CoTec Holdings Corp. Releases First Quarter Financial Statements
CoTec Holdings Corp. has disclosed its unaudited interim financial statements and management discussion for the quarter ending March 31, 2025. CEO Julian Treger reported significant progress in the HyProMag USA project, which focuses on rare earth magnet recycling. The project has entered its detailed design phase following the selection of PegasusTSI Inc. and BBA USA Inc. as service providers.
The company is advancing its strategic initiatives, including partnerships aimed at enhancing mineral recovery technologies. While CoTec reported a loss of $1.7 million this quarter, it remains proactive in addressing its market valuation through investor outreach programs. Key investments included maintaining stakes in MagIron LLC and expanding collaborations with McGill University for copper recovery technologies.
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