Convertible Loan Transformed into $2 Million by Kings Chapel
CoTec Holdings Corp. Advances as a Mid-Tier Disruptor in Global Metals and Minerals Industry
CoTec Holdings Corp., a publicly traded investment issuer listed on the Toronto Venture Stock Exchange and the OTCQB, is making strides in revolutionizing the global metals and minerals industry. The company is committed to driving the sector towards a low-carbon future, focusing on innovative, environmentally sustainable technologies and strategic asset acquisitions.
In mid-2025, CoTec is progressing its Quebec-based Lac Jeannine iron ore tailings and reclamation project. The company has commenced a drilling program in August 2025 to expand mineral resources and potentially double the mine life without additional capital expenditure. CoTec is evaluating Salter Cyclone Multi-Gravity Separators technology to improve iron ore recovery at this site.
The company invests in and develops strategic assets such as Ceibo Inc., which advances low-carbon copper heap leaching technology demonstrated at major mining sites, and MagIron LLC, in which CoTec holds a 16.6% stake. CoTec is working towards feasibility studies for a long-life iron ore concentrator in the US.
Financially, CoTec completed a successful private placement in mid-2025, oversubscribed by 35%, raising gross proceeds of $13.5 million. This was supplemented by $6.6 million in convertible loan facilities to support future growth initiatives. CoTec has also converted a portion of convertible debt into equity, strengthening their balance sheet to fuel ongoing development.
Recently, CoTec Holdings Corp. announced that Kings Chapel International has converted $2 million of a convertible loan into 2,666,667 CoTec common shares, pursuant to the terms of the amended and restated convertible loan agreement between the two parties dated November 19, 2024. After the conversion, the remaining outstanding principal amount owing by CoTec under the Convertible Loan Agreement is $4,351,387.
Forward-looking statements in this press release about CoTec Holdings Corp.'s business involve risks and uncertainties. Actual results could differ materially from those currently anticipated. TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
For further information, contact Braam Jonker at (604) 992-5600. For an Investor Presentation, contact CoTec Holdings Corp. directly. This press release is not for distribution to U.S. newswire services or for dissemination in the United States.
CoTec employs a dual approach: investing in disruptive mineral extraction technologies and applying these technologies to undervalued mining assets. The company's mission is to drive the sector toward a low-carbon future, with a focus on reducing environmental impact. These statements include management's expectations regarding the adoption of new technologies across the mineral extraction industry.
[1] CoTec Holdings Corp. Press Release, August 15, 2025. [2] CoTec Holdings Corp. Press Release, July 15, 2025. [3] CoTec Holdings Corp. Press Release, June 15, 2025. [4] CoTec Holdings Corp. Press Release, May 15, 2025. [5] CoTec Holdings Corp. Press Release, April 15, 2025.
CoTec Holdings Corp. is not only revolutionizing the global metals and minerals industry through its low-carbon approach, but also invests heavily in technological advancements for mineral extraction, a strategic move for both business and environmental sustainability. The company's focus on finances is evident in its successful private placements and smart use of investment funds towards strategic assets and technology implementations.
