Canada Canada Hypromagusacommencesstockpilingoffeedstock
MKANGO RESOURCES LTD. COTEC HOLDINGS CORP.
550 Burrard Street 755 Burrard Street
Suite 2900 Suite 428
Vancouver Vancouver
BC V6C 0A3 V6Z 1X6
Canada Canada
HYPROMAGUSACOMMENCESSTOCKPILINGOFFEEDSTOCK
London/Vancouver:August26,2025 – CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) (“CoTec”)
and Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) are pleased to announce that Intelligent
Lifecycle Solutions LLC (“ILS”) has formally commenced its stockpiling of feedstock initiative pursuant
to the recently announced feedstock supply and pre-processing site share agreement between
HyProMag USA LLC (“HyProMag USA” or the “Project”) and ILS. Pre-processing of the feedstock is
expected to commence prior to December 31, 2025.
Thestockpilingandpre-processingwilltakeplaceatboththeILSsitesinWilliston,SouthCarolinaand
Reno, Nevada (the “ILS sites”). ILS is a global electronics recycling company processing electronic
waste. It is a full-service IT asset disposition, electronics recycling and scrap purchasing company and
isfullycompliantinISO14001:2015,ISO45001:2018and“ResponsibleRecyclingR2v3Recycler”atits
USA locations. Through ILS, HyProMag USA will provide full traceability on its products to support the
“closed loop” circular economy and critical mineral supply chains within the United States.
Julian Treger, CoTec CEO commented:“This is another major milestone in the execution of the
HyProMag USA project. Securing feedstock is key to the success of any recycling business and we are
pleased to work with credible companies such as ILS. HyProMag USA’s target is to secure between 6
months and 12 months of feedstock prior to commissioning of HyProMag USA’s advanced stage rare
earthmagnetrecyclingandmanufacturingplanttobelocatedinDallas-FortWorth,Texas.HyProMag
USAaimstobecomeamajorcontributortotheUSAsupplychainofrareearthmagnets,acriticalinput
foracceleratingthereshoringoftheU.Sindustrialbase.”
WillDawes,MkangoCEOcommented: “The agreement with ILS and commencement of stockpiling
ofNdFeBfeedstockunderpinstherapiddeploymentofHydrogenProcessingofMagnetScrap(HPMS)
and associated magnet manufacturing into the United States by HyProMag USA, with detailed
engineering well underway following the positive feasibility study last year. These developments will
catalyse development of a more robust rare earth supply chain, whilst unlocking new NdFeB scrap
sourcesintheUnitedStatesandgeneratingsignificantvalueforHyProMagUSAanditsstakeholders.”
AboutHyProMagUSALLC.
HyProMag USA is owned 50:50 by CoTec and HyProMag Limited. HyProMag Limited is 100 per cent
ownedbyMaginito(“Maginito”),whichisownedona79.4/20.6percentbasisbyMkangoandCoTec.
For more information, please visit www.hypromagusa.com
AboutCoTecHoldingsCorp.
CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX- V")
and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a
forward-thinking resource extraction company committed to revolutionizing the global metals and
minerals industry through innovative, environmentally sustainable technologies and strategic asset
acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual
approach: investing in disruptive mineral extraction technologies that enhance efficiency and
sustainability while applying these technologies to undervalued mining assets to unlock their full
potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates
the production of critical minerals, shortens development timelines, and reduces environmental
impact. CoTec’s strategic model delivers low capital requirements, rapid revenue generation, and
high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.
For more information, please visitwww.cotec.ca.
AboutMkangoResourcesLtd.
MkangoislistedontheAIMandtheTSX-V.Mkango’scorporatestrategyistobecomeamarketleader
in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito
Limited (“Maginito”), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to
develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply
accelerating demand from electric vehicles, wind turbines and other clean energy technologies.
Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest
(assuming conversion of Maginito’s convertible loan) in HyProMag GmbH, focused on short loop rare
earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango
Rare Earths UK Ltd (“Mkango UK”), focused on long loop rare earth magnet recycling in the UK via a
chemical route.
Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the
50/50 owned HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi (“Songwe”) and the
Pulawy rare earths separation project in Poland (“Pulawy”). Both the Songwe and Pulawy projects
havebeenselectedasStrategicProjectsundertheEuropeanUnionCriticalRawMaterialsAct.Mkango
has signed a Binding Combination Agreement with Crown PropTech Acquisitions to list the Songwe
Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger.
For more information, please visit www.mkango.ca
MarketAbuseRegulation(MAR)Disclosure
The information contained within this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication
of this announcement via Regulatory Information Service, this inside information is now considered
to be in the public domain.
CautionaryNoteRegardingForward-LookingStatements
This news release contains forward-looking statements (within the meaning of that term under
applicable securities laws) with respect to Mkango and CoTec. Generally, forward looking statements
can be identified by the use of words such as “plans”, “expects” or “is expected to”, “scheduled”,
“estimates” “intends”, “anticipates”, “believes”, or variations of such words and phrases, or
statements that certain actions, events or results “can”, “may”, “could”, “would”, “should”, “might”
or “will”, occur or be achieved, or the negative connotations thereof. Readers are cautioned not to
place undue reliance on forward-looking statements, as there can be no assurance that the plans,
intentions or expectations upon which they are based will occur. By their nature, forward-looking
statementsinvolvenumerousassumptions,knownandunknownrisksanduncertainties,bothgeneral
and specific, that contribute to the possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause actual performance and results in future
periods to differ materially from any estimates or projections of future performance or results
expressed or implied by such forward-looking statements. Such factors and risks include, without
limiting the foregoing, the delivery and effectiveness of the HDD magnet separation system built by
Inserma, the results of the Accelerated Pilot Programme at UoB, the availability of (or delays in
obtaining) financing to develop Songwe Hill, the Recycling Plants being developed by Maginito in the
UK, Germany and the US (the “Maginito Recycling Plants”), governmental action and other market
effects on global demand and pricing for the metals and associated downstream products for which
Mkangoisexploring,researchinganddeveloping,geological,technicalandregulatorymattersrelating
to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies
to commercial scale, competitors having greater financial capability and effective competing
technologies in the recycling and separation business of Maginito and Mkango, availability of scrap
supplies for Maginito’s recycling activities, government regulation (including the impact of
environmental and other regulations) on and the economics in relation to recycling and the
development of the Maginito Recycling Plants, and Pulawy and future investments in the United
StatespursuanttotheproposedcooperationagreementbetweenMaginitoandCoTec,costoverruns,
complexities in building and operating the plants, and the positive results of feasibility studies on the
various proposed aspects of Mkango’s, Maginito’s and CoTec’s activities. The forward-looking
statements contained in this news release are made as of the date of this news release. Except as
required by law, the Company and CoTec disclaim any intention and assume no obligation to update
or revise any forward-looking statements, whether because of new information, future events or
otherwise, except as required by applicable law. Additionally, the Company and CoTec undertake no
obligation to comment on the expectations of, or statements made by, third parties in respect of the
matters discussed above.
ForfurtherinformationonCoTec,pleasecontact:
CoTecHoldingsCorp.
Braam Jonker
Chief Financial Officer
Canada: +1 604 992-5600
ForfurtherinformationonMkango,pleasecontact:
MkangoResourcesLimited
William Dawes Alexander Lemon
Chief Executive Officer President
[email protected] [email protected]
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
SPAngelCorporateFinanceLLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
AlternativeResourceCapital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5
TheTSXVentureExchangehasneitherapprovednordisapprovedthecontentsofthispressrelease.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
thepoliciesoftheTSXVentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthis
release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or
other securities of the Company in the United States. The securities of the Company will not be
registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and
may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons
exceptincertaintransactionsexemptfromtheregistrationrequirementsoftheU.S.SecuritiesAct.