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VANCOUVER, BC / ACCESS Newswire / April 28, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has filed its audited annual financial statements and the accompanying management discussion and analysis for the financial year ended December 31, 2024. The Company reported net income of $0.5 million and net loss of $0.2 million for the quarter and the year, respectively.

Julian Treger, CoTec CEO commented; "2024 was a transformative and exciting year for CoTec during which we have achieved all our objectives and completed two very successful independent technical studies for our HyProMag USA joint venture and the Lac Jeannine project. We are now extremely well positioned to become a resource producing company by H1, 2027, a mere five years since launching CoTec. This would be a remarkable achievement for a resource-based company, compared to the 12 - 15 years plus timeframe for conventional mining companies."

"Our technology investments and operations are focused on critical minerals supply chains for Western countries and HyProMag USA has the potential to become a key player in the domestic supply of rare earth permanent magnets in the USA during a time when it is critically needed."

"We continue to believe that the CoTec shares are trading at a significant discount to our intrinsic value as indicated by the Lac Jeannine Preliminary Economic Assessment, HyProMag USA Feasibility Study and the value of our investments. We have initiated various initiatives to create investor awareness in both USA and Canada to increase the liquidity in our stock and to close this value gap. We also continue to support the company through insider buying of shares in the market, insider participation in financings and through the provision of loan finance."

"We are looking forward to an equally successful 2025, laying the foundation for the construction of our projects during 2026 and ultimate production early in 2027 and continue to work closely with all our stakeholders across governments, first nation groups and the communities where our assets are located."

Highlights for the year include:

Operational

• HyProMag USA LLC ("HyProMag USA") formally incorporated for the roll-out of the revolutionary hydrogen based HyProMag rare earth magnet recycling technology in the USA. CoTec owning 60.3% of the economic interest - 50% direct and 10.3% indirect holding

• BBA USA Inc., PegasusTSI and Weston Solutions Inc. engaged by HyProMag USA to complete the independent Feasibility Study for the roll out of the HyProMag technology in the USA which was completed on time and within budget ("USA Feasibility Study"). Results of the study concluded a net present value applying a 7% discount rate ("NPV7%") of US$262 million and 23% real internal rate of return ("IRR") based on current market prices. $503 million post-tax NPV7% and 31% real IRR based on forecasted market prices. All-in sustaining cost of US$19.6 per kg of NdFeB compared to a weighted average market price of US$55 per kg

• Awarded contracts for the National Instrument 43-101 Preliminary Economic Assessment for the Lac Jeannine Project ("PEA") to an interdisciplinary team of consultants, engineers and scientists co-led by Addison Mining Services Ltd. and Soutex Inc. with targeted completion during the first half of 2024

• Filed Initial Mineral Resource Estimate ("MRE") and positive PEA on time and within budget. Initial Inferred Mineral Resource of approximately 73 million tonnes (Mt) at 6.7% total Fe for 4.9 Mt of contained total Fe. Pre-tax NPV7% of US$93.6 million, and IRR of 38%, and post-tax NPV7% of US$59.5 million, and IRR of 30% excluding potential benefit of adjacent tailings

• MagIron LLC ("MagIron") investment signed long-term mineral leases which provide feedstock for further operational and economic support for the restart of MagIron's Plant 4 iron ore concentrator. When combined with iron-bearing stockpiles already owned by MagIron, the aggregate iron-bearing materials secured could be sufficient to support Plant 4 for more than 20 years of operation, targeting annual production of 2.5 million dry tonnes per annum of Direct Reduction grade iron concentrate

• HyProMag secured exclusive agreement with Inserma Anoia S.L to commercialize pre-processing technologies through the automated processing of hard disk drives, loudspeakers and electric motors to compliment HyProMag USA and HyProMag's future German and UK operations

• Initiated "Request for Proposal" process for Engineering, Procurement and Construction Management providers for HyProMag USA

• Commenced the process to appoint a drilling contractor for the 2025 infill and expansion drilling program for Lac Jeannine

• Ceibo Investment partnered with Glencore‘s Lomas Bayas Mining Company to deploy Ceibo's proprietary leaching technologies targeting a more effective extraction of copper from low-grade sulphides at one of Chile's leading mines