$CTH.V

HyProMag Ltd is 100% Owned by Maginito Ltd, Which is Owned on a 79.4%/20.6% Basis by Mkango Resources and CoTec

HyProMag USA LLC is Owned 50:50 by CoTec and HyProMag Limited

CoTec JV, HyProMag USA, to Commence Preparatory Work for Project Execution Phase at Dallas-Fort Worth Texas Hub

CoTec Releases Updated Mineral Resource and "Positive" PEA for Lac Jeannine Iron Tailings Project; Lost Near 10% on Tuesday

CoTec Holdings (CTH.V), which fell near 10% yesterday, released an updated independent preliminary economic assessment for the Lac Jeannine iron tailings project in Quebec, according to a Wednesday news release.The updated PEA includes a new mineral resource estimate that was developed following the August 2025 drilling program, the company noted.CoTec said the updated PEA showed a 41% increase in the resource compared to the 2024 PEA with a global increase in total iron grade from 6.7% to 6.8% total Fe.Also, about 31 million tonnes of inferred resource was converted into indicated resourced supporting the first four years of production and the 2026 MRE has resulted in an extension of the life of mine to 15 years from 11 years with total tonnes of concentrate produced increasing from 3.8 Mt to 5.4 Mt, the company added.CoTec said the pre-tax net present value is US$141.5 million, and the internal rate of return is 33.8%, while the after tax NPV is $91.9 million, and the IRR is 29.6% with payback achieved in 2.3 years.All-in sustaining cost is $54.5/tonne compared to the 2024 PEA figure of $61/tonne, it added.