CoTec Holdings Corp. Notes HyProMag UK Plant Opening

Executive Summary

• HyProMag USA announced the official opening of the UK’s first commercial‑scale rare earth sintered magnet manufacturing facility at Tyseley Energy Park, inaugurated by the UK Minister for Industry.
• The plant, developed with the University of Birmingham’s Magnetic Materials Group, can recycle over 400 kg of rare‑earth alloy per batch and produce up to 100 t/yr (single shift) or >300 t/yr (multiple shifts) of sintered NdFeB magnets from recycled material.
• CoTec holds a 60.3% equity interest in HyProMag USA, positioning the company to leverage this UK milestone as a springboard for U.S. commercial‑scale expansion and potential public listing.

Key Details

• Facility Capacity:

• 400 kg rare‑earth alloy recovered per batch via HPMS reactor.

• New sintered magnet production capacity: 100 t per annum on a single shift; >300 t per annum with multiple shifts.
• Technology: Patented Hydrogen Processing of Magnet Scrap (HPMS) licensed exclusively to HyProMag for separating, recycling, and re‑manufacturing NdFeB alloy powder and sintered magnet blocks.
• Equity Structure: CoTec owns 60.3% of HyProMag USA (50 % direct, 10.3 % indirect).
• Strategic Significance: The UK plant demonstrates commercial viability of HPMS technology, providing a technical foundation for scaling U.S. operations and supporting domestic supply‑chain resilience for hyperscale data‑center and AI infrastructure customers.
• U.S. Expansion Milestones (recent):
• Announced expansion projects in South Carolina and Nevada.
• Completed detailed engineering & feasibility studies for a Texas hub.
• Executed lease of site at Ironhead Commerce Center.
• Intent to pursue a U.S. public listing.
• Market Positioning: HyProMag USA targets large technology and infrastructure operators needing secure, low‑carbon recycling solutions for magnet‑bearing equipment (servers, storage systems).

Notable Quotes

• “The official opening of HyProMag UK's Plant is a major achievement after 20 years development at the University of Birmingham… provides the foundation of technical expertise to support a scalable U.S. manufacturing platform.” – Julian Treger, CEO, CoTec Holdings Corp.