CoTec Holdings Corp. Notes HyProMag USA Purchases Inserma Pre-Processing Units for Texas, Nevada And South Carolina Rare Earth Magnet Recycling Hubs in The United States

Executive Summary

• HyProMag USA, the U.S. joint‑venture of CoTec Holdings, purchased three skid‑mounted Inserma magnet and PCB separation units to accelerate rare‑earth magnet recycling.
• The units will be operated by Intelligent Lifecycle Solutions (ILS) at its Texas facility, enabling sub‑2‑second extraction of voice coil motors from hard‑disk drives and subsequent processing of magnet scrap.
• CoTec’s CEO Julian Treger highlighted the acquisition as a key step in expanding pre‑processing capabilities, supporting feedstock supply, and delivering low‑cost, low‑carbon recycling for hyperscale data center providers.

Key Details

• Equipment Purchased: Three Inserma Anoia S.L. magnet and PCB separation units (skid‑mounted).
• Functionality: Removes voice coil motor (VCM) containing rare‑earth magnets from HDDs in <2 seconds; separates PCBs for precious‑metal recovery.
• Location & Operation: Units will be co‑located with hyperscale data centers, shredding/recycling sites or HyProMag facilities and operated by Intelligent Lifecycle Solutions (ILS) at the Fort Worth, Texas feedstock stockpiling site.
• Process Integration: Feed from Inserma units feeds directly into HyProMag USA’s Hydrogen Processing of Magnet Scrap (HPMS) operation, enhancing concentration of rare‑earth magnet feedstock.
• Strategic Rationale: Provides a closed‑loop, low‑cost, low‑carbon recycling network in the U.S.; supports consistent finished‑grade magnets via batch processing with separate waste streams.
• Ownership Structure: HyProMag USA is 50:50 owned by CoTec Holdings Corp. and HyProMag Limited; HyProMag Limited is owned 79.4 % by Mkango Resources Ltd. and 20.6 % by CoTec.
• CEO Comment (Julian Treger): Emphasized the importance of pre‑processing technologies as a competitive advantage, the start of roll‑out for feedstock suppliers, and ongoing discussions with hyperscale data center providers.

Notable Quotes

“We are very excited to see the rapid development of the Inserma partnership. Pre‑processing technologies are a key enabler and competitive advantage for HyProMag USA as it progresses with the purchase of feedstock.” – Julian Treger, Chief Executive, CoTec Holdings Corp.