CoTec Holdings Expands LIFE Offering to $14 Million

CoTec Holdings Corp., a resource extraction company, has increased its LIFE Offering to $9 million following strong investor interest. The upsized LIFE Offering now involves selling up to 11.5 million units at $0.78 each. Each unit includes a common share and a purchase warrant, exercisable at $1.20 for 18 months.

In addition to this, a $5 million private placement takes the total potential gross proceeds to $14 million, issuing nearly 18 million units in total. The funds will support projects at HyProMag USA and the Lac Jeannine property, along with corporate initiatives.

CoTec has previously closed portions of this offering, raising about $7.85 million. The final closing is slated for July 11, 2025, pending necessary approvals. Investors should review the offering document on CoTec's SEDAR+ profile before proceeding.