Accesswire
29 May 2026, 02:00 UTC · 18h ago
Source · https://www.accessnewswire.com/newsroom/en/metals-and-mining/cotec-holdings-corp.-files-first-quarter-financial-statements-and-mdanda-1171747
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A concept study for HyProMag USA suggests a path to triple US rare earth magnet capacity by 2029, with a post-tax NPV forecast between $1,143 million and $2,180 million. — High projected valuation and strategic scaling of rare earth capacity are significant catalysts for long-term company value.
+0.80The Definitive Feasibility Study for MagIron's plant restarts shows a base case after-tax NPV of approximately US$1.598 billion and an IRR of 27.6%. — Strong independent feasibility results for the MagIron project provide concrete validation for the asset's economic viability.
+0.70The 2026 PEA for the Lac Jeannine Project returned an after-tax NPV of US$92 million and an IRR of 29.6%, with a 41% increase in the underlying mineral resource. — Positive updates and resource growth move the project toward the full feasibility stage, though the NPV is smaller than other holdings.
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CoTec reported a net loss of $2.6 million for the first quarter ended March 31, 2026, primarily due to G&A expenses and professional fees. — While a loss is negative, it is typical for companies in the development/feasibility stage and is offset by the project valuations.
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Company reported a net loss but highlighted a 'strong start to the year' with positive progress on several major projects including HyProMag and Lac Jeannine.
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