German Federal Ministry for Economic Affairs and Energy Officially Opens HyProMag Second Plant in Pforzheim, Germany

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German Federal Ministry for Economic Affairs and Energy Officially Opens HyProMag Second Plant in Pforzheim, GermanyGerman Federal Ministry for Economic Affairs and Energy officially opens HyProMag plant in Pforzheim, Germany. HyProMag's second commercial scale rare earth sintered magnet manufacturing facilityFacility further derisks HyProMag USA roll out and accelerates opportunity for U.S. customer magnet product verification VANCOUVER, BC / ACCESS Newswire / April 28, 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 official launch of HyProMag GmbH's ("HyProMag Germany") rare earth magnet facility today at Pforzheim (the "Facility"). HyProMag Germany today hosted the opening of the Facility for separating and recycling rare earth magnets using the patented Hydrogen Processing of Magnet Scrap ("HPMS") technology, licensed exclusively to HyProMag. The Facility was officially opened by Stefan Rouenhoff, Parliamentary State Secretary of the Federal Ministry for Economic Affairs and Energy.The Facility is the second commercial scale rare earth sintered magnet manufacturing facility alongside the recently commissioned HyProMag Ltd. facility in the UK. HyProMag Germany, once fully commissioned, will have a minimum initial capacity of approximately 100 metric tons per annum of NdFeB product increasing to up to circa 350 metric tons per annum of Product. A further scale-up to 750 tonnes per annum is currently under evaluation.Julian Treger, CoTec CEO commented: "The official opening of HyProMag's second plant in Germany is a further major milestone after 20 years development at the University of Birmingham of the HPMS technology. HyProMag's second plant will provide the further technical expertise to support a scalable U.S. manufacturing platform and optimize products for U.S. customers. Collaboration between the HyProMag businesses provides a long-term solution in securing resilience in domestic supply chains and partnership between countries."CoTec holds a 20.6% equity interest in Maginito, which owns 100% of HyProMag UK, 90% of HyProMag Germany and 50% of HyProMag USA.CoTec owns the remaining 50% of HyProMag USA (CoTec effective int...

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