CoTec Holdings Corp. Completes Third and Final Closing of Upsized Life Offering, Raises $12.4 Million

CoTec Holdings Corp. has completed its third and final closing of an upsized offering, raising $4.6 million and totaling $12.4 million in gross proceeds to date. The funds will be used for the detailed design and engineering of its rare earth magnet recycling facility, an upcoming drill program at its Lac Jeannine iron tailings property, additional investment obligations, and general corporate purposes.

CoTec Holdings Corp. (OTCQB: CTHCF) has successfully completed its third and final closing of an upsized offering, raising a total of $12.4 million in gross proceeds to date. The latest closing, which occurred on July 16, 2025, saw the company raise $4.57 million through the issuance of 5,864,800 Units at a price of $0.78 per Unit [1].

The offering, conducted under the Listed Issuer Financing Exemption (LIFE), has significantly exceeded its initial target of $10 million. The funds will be allocated towards several key projects, including the detailed design and engineering of CoTec's HyProMag USA rare earth magnet recycling facility, an upcoming drill program at its Lac Jeannine iron tailings property, additional investment obligations, and general corporate purposes.

The LIFE Offering has been conducted concurrently with a private placement, which has also contributed to the total gross proceeds of $12.4 million. Each Unit in the offering consists of one common share and one purchase warrant exercisable at $1.20 for 18 months. The final closing of the private placement is anticipated to occur on or about July 17, 2025 [1].

Julian Treger, CoTec CEO, expressed satisfaction with the strong support received for the financing, stating, "We are very pleased with the strong support received for this financing, which resulted in total gross proceeds to date of over $12.4 million—significantly above our originally announced $10 million target. The interest from both existing and new investors underscores market confidence in CoTec's strategy and our unique positioning in critical minerals and technology-enabled resource extraction. We look forward to deploying these funds into our high-impact pipeline, including the detailed design and engineering at HyProMag USA and drilling at our Lac Jeannine project" [1].

CoTec Holdings Corp. is a publicly traded investment issuer listed on the TSXV and the OTCQB, trading under the symbols CTH and CTHCF respectively. The company is committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. By focusing on recycling, waste mining, and scalable solutions, CoTec aims to accelerate the production of critical minerals, shorten development timelines, and reduce environmental impact [1].

References:
[1] https://www.stocktitan.net/news/CTHCF/co-tec-holdings-corp-announces-third-and-final-closing-of-upsized-9l1hhzhtcloj.html