Cotec Holdings Corp. Notes Hypromag USA Project Update

Core Points - CoTec Holdings Corp. is pleased to note the press release by its joint venture, HyProMag USA, regarding the update on the Detailed Design phase of its rare earth magnet recycling and manufacturing hub in Dallas-Fort Worth [1] Company Summary - CoTec Holdings Corp. operates in the rare earth permanent magnet recycling and manufacturing sector through its joint venture, HyProMag USA [1] - The company is focused on advancing the development of its recycling and manufacturing capabilities in the U.S. market [1] Industry Summary - The rare earth magnet recycling and manufacturing industry is seeing significant developments, particularly in the Dallas-Fort Worth area, which is becoming a hub for such activities [1] - The update from HyProMag USA indicates progress in the Detailed Design phase, which is crucial for the establishment of efficient recycling processes [1]