CoTec Q2 net loss widens to $7.6 million

Reuters2026/08/14 03:00

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CoTec posted a net loss of $7.6 million for the three months ended June 30, 2026.
Six-month net loss totaled $10.3 million; cash used in operating activities before non-cash working-capital changes was $2.8 million.
Quarter loss included $1.5 million in G&A and professional fees, $4 million finance expense, $1.1 million stock-based compensation.
HyProMag USA took occupancy of a 125,000-square-foot Texas facility; procurement began for long-lead equipment including HPMS vessels.
Lac Jeannine 2026 PEA showed after-tax NPV (7%) of USD 92 million and after-tax IRR of 29.6%; feasibility study targeted for Q2 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoTec Holdings Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608132300ACCESSWRNAPR_____1207258) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoTec Q2 net loss widens to $7.6 million

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