CoTec Holdings Raises CA$8 Million in Second Tranche of Debenture Financing

11:14 AM EDT, 10/16/2026 (MT Newswires) -- CoTec Holdings (CTH.V) said late Thursday that it raised CA$7.94 million in the second and final tranche of its debenture financing, bringing the total amount raised to CA$20 million. The debentures, which bear interest at a rate of 12.5% per annum, will mature on Sept. 10, 2031. Proceeds will fund equipment purchases for CoTec's HyProMag USA permanent magnet recycling joint venture. CoTec shares were last seen down CA$0.02 at CA$1.20 on the TSX Venture Exchange. Price: 1.20, Change: -0.02, Percent Change: -1.64