Cotec investor Kings Chapel exercises 833,332 warrants

Executive Summary

• Kings Chapel International exercised all 833,332 share purchase warrants held in Cotec Holdings Corp., generating approximately $1 million in gross proceeds.
• The exercise price was $1.20 per share, increasing the company's issued and outstanding common shares to 99,940,639.
• The proceeds are intended to strengthen the balance sheet and support the advancement of the company's portfolio of strategic materials and resource recovery investments.

Key Details

• Warrant Holder: Kings Chapel International (a trust associated with CEO Julian Treger).
• Warrants Exercised: 833,332 shares.
• Exercise Price: $1.20 per share.
• Gross Proceeds: Approximately $1 million.
• Post-Exercise Share Count: 99,940,639 issued and outstanding common shares.
• Use of Proceeds: Enhance financial flexibility and support the advancement of the company's portfolio of strategic materials and resource recovery investments.
• Context: These warrants were originally received in connection with an equity financing that closed in July 2025.

Notable Quotes

• "The exercise of these warrants further strengthens Cotec's balance sheet and reflects Kings Chapel's continued long-term support for the company's strategy. We remain focused on disciplined execution and advancing value across the portfolio." — Julian Treger, Chief Executive Officer