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CoTec Notes Portfolio Company HyProMag USA Advances U.S. Hub-And-Spoke Strategy With Arrival of Inserma HDD Pre-Processing Machines at South Carolina and Nevada Sites
Equipment delivery supports commissioning pathway for planned U.S. rare earth magnet recycling pl...
About this update from Cotec Holdings Corp
[{"type":"text","content":"CoTec Notes Portfolio Company HyProMag USA Advances U.S. Hub-And-Spoke Strategy With Arrival of Inserma HDD Pre-Processing Machines at South Carolina and Nevada SitesEquipment delivery supports commissioning pathway for planned U.S. rare earth magnet recycling platform; on-site operational milestone events expected following commissioning VANCOUVER, BC / ACCESS Newswire / February 5, 2026 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (\"CoTec\" or the \"Company\") is pleased to note today's press release by HyProMag USA LLC (\"HyProMag USA\"), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.HyProMag USA announced the arrival of Inserma hard disk drive (\"HDD\") recycling machines at Intelligent Lifecycle Solutions LLC (\"ILS\") facilities in South Carolina and Nevada. The delivery represents a further step in advancing HyProMag USA's planned U.S. rare earth magnet recycling platform and hub-and-spoke development strategy.The equipment delivery builds on HyProMag USA's recent expansion concept studiesi and pre-feasibility planning for facilities in South Carolina and Nevada, as well as its partnershipii with ILS to secure and prepare magnet-bearing feedstocks. The Inserma machines are now on site and are expected to enter commissioning activities in line with site readiness and operational planning.Julian Treger, Chief Executive Officer of CoTec, commented: \"The delivered Inserma machines represent continued execution against HyProMag USA's scalable U.S. strategy. By advancing pre-processing capability in South Carolina and Nevada, we're strengthening the foundation for a domestic recycling platform and supporting momentum across our broader development program.\"HyProMag USA has indicated that installation and commissioning activities are planned over the coming weeks. Once commissioned, the machinery is expected to support feedstock sourcing and preparation activities in partnership with ILS, providing a bridge to subsequent operational milestones.The U.S. deployment builds on HyProMag's demonstratediii commercial operations in the United Kingdom, where the patented Hydrogen Processing of Magnet Scrap (\"HPMS\") technology is operating at industrial scale.Following completion of commissioning, HyProMag USA expects to host small, on-site operational milestone events at the South Car...