Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from CoTec Holdings ( (TSE:CTH) ).
HyProMag USA, a joint venture in which CoTec Holdings Corp. holds a stake, is commissioning a Concept Study to expand its operations into Nevada and South Carolina. This expansion aims to enhance its hub-and-spoke configuration in the U.S., complementing the Texas Hub. The expansion is expected to potentially triple the company’s value, driven by the rising demand for rare earth magnets and U.S. government support for domestic production. HyProMag USA is strategically positioned to meet this demand with commercial operations targeted for early 2027.
More about CoTec Holdings
CoTec Holdings Corp. is focused on redefining 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. CoTec’s mission is to accelerate the energy transition while strengthening U.S. economic and national security by transforming marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.
Average Trading Volume: 46,990
Technical Sentiment Signal: Buy
Current Market Cap: C$94.15M
See more data about CTH stock on TipRanks’ Stock Analysis page.