CoTec Notes Portfolio Company HyProMag USA and Intelligent Lifecycle Solutions Commission Inserma Rare Earth Magnet Pre-Processing System in South Carolina

Executive Summary

• CoTec Holdings’ U.S. joint‑venture HyProMag USA commissioned an Inserma hard‑disk‑drive magnet pre‑processing system at the ILS facility in Williston, SC, marking a key operational milestone for its rare‑earth magnet recycling platform.
• The two automated Inserma units can process >60,000 end‑of‑life drives per week, separating magnet assemblies in ~3 seconds each, supporting feedstock preparation for the planned Dallas‑Fort Worth recycling hub.
• Federal, state and local leaders attended, underscoring the strategic importance of domestic rare‑earth supply chains for advanced manufacturing and AI infrastructure.

Key Details

• Commissioning Date & Location: March 13 2026, ILS facility (Williston Site), Williston, South Carolina.
• Equipment Capacity: Two Inserma pre‑processing units; combined throughput >60,000 HDDs per week; separation time ≈3 seconds per drive.
• Strategic Role: First stage of feedstock preparation within HyProMag USA’s “hub‑and‑spoke” model; downstream supply to the planned rare‑earth magnet recycling/manufacturing hub in Dallas‑Fort Worth, Texas.
• Joint‑Venture Ownership: HyProMag USA is 50:50 owned by CoTec Holdings Corp. and HyProMag Limited (itself wholly owned by Maginito Ltd., which is 79.4 % Mkango Resources Ltd. and 20.6 % CoTec).
• Stakeholder Attendance: Congressman Joe Wilson, South Carolina state/local officials, and other federal/regional leaders highlighted the national‑security and economic benefits of domestic rare‑earth capabilities.
• CEO Quote (Julian Treger): Emphasized partnership with ILS, community support, and the platform’s role in building feedstock supply chains for large‑scale magnet production.
• Forward‑Looking Statements: The release contains typical forward‑looking cautions regarding future benefits of the Inserma system and HyProMag USA operations.

Notable Quotes

“This investment demonstrates how South Carolina continues to attract innovative companies to build the technologies that will power the next generation of American manufacturing – creating jobs,” — Congressman Joe Wilson

“Partnership and community support are essential as we work to establish a new domestic platform for rare earth magnet recycling and manufacturing in the United States,” — Julian Treger, CEO, CoTec Holdings Corp.