CoTec Notes HyProMag Germany’s EU Strategic Project Designation
CoTec Holdings Corp. has noted HyProMag Germany’s selection as a Strategic Project under the European Union’s Critical Raw Materials Act, supporting the company’s rare earth magnet recycling activities in Pforzheim.
CoTec Holdings Corp. has noted that HyProMag Germany was selected as a Strategic Project under the European Union’s Critical Raw Materials Act. The designation was announced by HyProMag USA on October 9, 2026, and HyProMag Germany was included among 46 projects identified by the European Commission.
HyProMag Germany operates a rare earth magnet recycling and manufacturing facility in Pforzheim, Germany. The site uses patented Hydrogen Processing of Magnet Scrap technology, known as HPMS.
The European Commission said the selected projects are intended to support critical raw materials supply chains across Europe. Its stated objectives include strengthening value chains, expanding processing and recycling capacity, improving competitiveness and increasing supply chain resilience.
CoTec said the German operation uses the same HPMS technology that HyProMag USA is deploying in the United States. HyProMag USA is a joint venture owned 50:50 by CoTec Holdings Corp. and HyProMag Limited.
Julian Treger, chief executive officer of CoTec, said the European recycling capacity is complementary to HyProMag USA’s objective of establishing a domestic source of recycled rare earth magnetic materials in the United States.
HyProMag Limited is 100% owned by Maginito Limited. Maginito is owned on a 79.4%/20.6% basis by Mkango Magnetic Materials Limited and CoTec Holdings Corp.
Maginito holds a 90% direct and indirect interest in HyProMag Germany, assuming conversion of Maginito’s convertible loan.
CoTec Holdings Corp., which is listed under TSXV:CTH and OTCQX:CTHCF, says it focuses on rare earth magnets and strategic materials. The company identifies activities including the HyProMag USA magnet recycling joint venture in Texas, iron tailings reprocessing and reclamation in Québec, and copper and iron solutions.
CoTec said statements concerning the expected benefits of the Strategic Project designation, the development of rare earth magnet recycling capacity in Europe and HyProMag USA’s U.S. supply-chain objective are forward-looking statements. The company said actual results could differ materially from those anticipated because of known and unknown risks and uncertainties.
The risks identified by CoTec include resource and reserve risks; environmental risks and costs; permitting and regulatory risks; labour costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labour disputes and work stoppages; equipment leasing and availability; heavy equipment demand and availability; contractor and subcontractor performance; worksite safety issues; project delays and cost overruns; extreme weather events; and social, transport or geopolitical disruptions.
CoTec said readers should not place undue reliance on its forward-looking statements and that it assumes no obligation to update them except as required by law.
HyProMag Germany was selected as a Strategic Project under the European Union’s Critical Raw Materials Act.
The project was one of 46 announced by the European Commission.
The Pforzheim facility recycles and manufactures rare earth magnets using HPMS technology.
HyProMag USA is owned 50:50 by CoTec Holdings Corp. and HyProMag Limited and is deploying the same technology in the United States.
CoTec said the designation and related objectives are subject to forward-looking risks, including regulatory, supply, cost, operational and geopolitical uncertainties.
CoTec Holdings Corp. noted that HyProMag Germany had been selected as a Strategic Project under the European Union’s Critical Raw Materials Act. The selection was announced by HyProMag USA on October 9, 2026, and was included in a group of 46 Strategic Projects announced by the European Commission.
CoTec Holdings Corp. issued its announcement on October 13, 2026, and it referred to a press release issued by HyProMag USA on October 9, 2026. The announcement concerns the designation of HyProMag Germany as a Strategic Project under the European Union’s Critical Raw Materials Act.
The European Commission said the selected projects are intended to support critical raw materials supply chains across Europe. Its stated objectives include strengthening value chains, increasing processing and recycling capacity, enhancing competitiveness and improving supply chain resilience.
HyProMag Germany operates a rare earth magnet recycling and manufacturing facility in Pforzheim, Germany. The facility uses patented Hydrogen Processing of Magnet Scrap technology.
HyProMag Germany uses patented Hydrogen Processing of Magnet Scrap, or HPMS, technology. CoTec Holdings Corp. said this is the same technology that HyProMag USA is deploying in the United States.
Julian Treger, Chief Executive Officer of CoTec Holdings Corp., said the development of recycling capacity in Europe is complementary to HyProMag USA’s objective of establishing a domestic source of recycled rare earth magnetic materials in the United States.
HyProMag USA LLC is owned 50:50 by CoTec Holdings Corp. and HyProMag Limited. HyProMag Limited is 100% owned by Maginito Limited.
Maginito Limited holds a 90% direct and indirect interest in HyProMag Germany, assuming conversion of Maginito’s convertible loan. Maginito is owned on a 79.4%/20.6% basis by Mkango Magnetic Materials Limited and CoTec Holdings Corp.
The source identifies CoTec Holdings Corp. with the ticker symbols TSXV:CTH and OTCQX:CTHCF. It also identifies Mkango Magnetic Materials Limited as AIM/TSXV: MKA.
CoTec Holdings Corp. says it focuses on rare earth magnets and strategic materials, combining technologies with strategic assets to develop supply chains. The company describes activities including its HyProMag USA magnet recycling joint venture in Texas, iron tailings reprocessing and reclamation in Québec, and next-generation copper and iron solutions.
CoTec Holdings Corp. said the designation reflects recognition of rare earth magnet recycling as an important component of critical minerals supply chains. Its forward-looking statements regarding the expected benefits of the designation, the development of European recycling capacity and HyProMag USA’s US supply-chain objective are subject to risks and uncertainties, and the company said actual results could differ materially.
CoTec Holdings Corp. identifies resource and reserve risks, environmental risks and costs, permitting and regulatory risks, labour costs and shortages, uncertain supply and price fluctuations in materials, increases in energy costs, labour disputes and work stoppages, equipment leasing and availability, heavy equipment demand and availability, contractor and subcontractor performance, worksite safety issues, project delays and cost overruns, extreme weather events, and social, transport or geopolitical disruptions. The company said readers should not place undue reliance on its forward-looking statements and that it assumes no obligation to update them except as required by law.