Business
CoTec Holdings Corp. Files First Quarter Financial Statements and MD&A
VANCOUVER, BC / ACCESS Newswire / May 28, 2026 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has filed its unaudited interim condensed consolidated financial statements and the accompanying ...
About this update from Cotec Holdings Corp
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 28, 2026 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has filed its unaudited interim condensed consolidated financial statements and the accompanying management discussion and analysis ("MD&A") for the three months ended March 31, 2026. The financial statements and MD&A can be accessed under the Company's SEDAR profile at www.sedarplus.ca.","length":482,"tagName":"p"},{"type":"text","content":"Julian Treger, CoTec CEO commented; "CoTec had a strong start to the year, and our focus remain the operational roll-out of our operating business opportunities. We continue to make good progress at HyProMag USA where we are working diligently with our procurement partner ILS to secure and develop supply chains for our feedstock. We have commenced discussions with potential off-takers that would ultimately be required for our financing, and we are moving towards the ordering of certain long-lead equipment. Subsequent to quarter-end, on June 1, 2026, we will also be taking occupation of the leased facility for the Texas hub in Dallas-Fort Worth.","length":657,"tagName":"p"},{"type":"text","content":"At Lac Jeannine we were able to significantly advance the PEA, culminating in the announcement of the results post quarter-end. We are excited to note that these results were within our expectancy range, and we have now commenced with full feasibility stage on this project.","length":274,"tagName":"p"},{"type":"text","content":"Securing the pelletizer was transformative for MagIron and we were very encouraged with the results of their feasibility study. They will now progress to potential customer engagement and the raising of funds for the re-start of their operation."","length":251,"tagName":"p"},{"type":"text","content":"The Company announced a net loss for the three months ended March 31, 2026, of $2.6 million, mainly driven by G&A expenses and professional fees of $1.2 million and $1.4 million provision for proportionate share of loss of associate and joint venture accounted for using the equity method of accounting.","length":307,"tagName":"p"},{"type":"text","content":"Highlights for the quarter include:","length":35,"tagName":"p"},{"type":"text","content":"Operational","length":11,"tag...