CoTec Holdings Corp.

Independent Pre-Feasibility Study completed by PegasusTSI Inc. and BBA USA Inc. supports three new plants with a centralized finishing hub - in addition to HyProMag USA's first plant at Northlake, Texas - indicating an estimated incremental post-tax NPV of US$1.85 billion to US$2.06 billion, a post-tax IRR of 31% to 36%, competitive manufacturing costs and higher value, low-carbon finished magnet production.

Feedstock platform continues to build ahead of Dallas-Fort Worth commissioning, with commercial PCB sales to smelter partners generating revenue that supports magnet acquisition

Power capacity secured with Oncor; contractor selection and permitting underway ahead of targeted H1 2027 commissioning of cutting and finishing operations and Phase 1 completion targeted for mid-2028

European Commission recognition supports the development of rare earth magnet recycling capacity in Europe and complements HyProMag USA's efforts to establish a domestic U.S. supply chain for recycled rare earth magnetic materials

CoTec advances commercial deployment of SCMG2 multi‑gravity separator, establishing dedicated testing and demonstration platform at Corem.

Commissioning of finished magnet production equipment targeted for H1-2027, ahead of fully integrated U.S. operations in Q2 2028

HyProMag USA Starts Long‑Lead Equipment Procurement, Increases Projected Magnet Production, and Progresses U.S. Build‑Out

• Preparatory work for project execution phase to commence at HyProMag USA's Dallas-Fort Worth site, with the lease now fully in effect

• Parallel advancement of detailed engineering, procurement, feedstock sourcing and customer engagement efforts

• German Federal Ministry for Economic Affairs and Energy officially opens HyProMag plant in Pforzheim, Germany. HyProMag's second commercial scale rare earth sintered magnet manufacturing facility

• Facility further derisks HyProMag USA roll out and accelerates opportunity for U.S. customer magnet product verification

95.6% Of Warrants Exercised

83.4% of Warrants Exercised To Date

Unexercised Warrants Will Expire at 5:00 pm (Vancouver Time) on Friday, April 10, 2026

• Commissioning of Inserma hard disk drive magnet pre-processing system at the ILS facility in Williston, South Carolina

• Operational milestone advances U.S. rare earth magnet recycling platform and supports domestic supply chains for advanced manufacturing and AI infrastructure

• The Williston site houses two automated Inserma pre-processing units that separate magnet assemblies from end-of-life hard disk drives in approximately three seconds per drive, with combined capacity exceeding 60,000 drives per week.

Equipment delivery supports commissioning pathway for planned U.S. rare earth magnet recycling platform; on-site operational milestone events expected following commissioning