Mr. Braam Jonker reports

COTEC HOLDINGS CORP. ANNOUNCES SECOND CLOSING OF LIFE OFFERING AND CONCURRENT PRIVATE PLACEMENT

Cotec Holdings Corp. has completed a second closing of its previously announced financing pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions and concurrent private placement of up to an aggregate of 12,820,512 units at a price of 78 cents per unit for aggregate gross proceeds of up to $10-million (comprising $5-million under the LIFE offering and $5-million under the private placement). Each unit consists of one common share in the capital of the corporation and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $1.20 for a period of 18 months following the issuance of the units.

Cotec is also pleased to note that the aggregate target of $10-million under the offerings are now fully subscribed for and that the corporation will be closing the financing on or around July 9, 2025, to allow for subscription agreements received but not yet finalized to be processed.

Pursuant to the second closing, the corporation issued a total of 2,306,753 units for aggregate gross proceeds of $1,799,270.36 under the LIFE offering and 1,080,723 units for aggregate gross proceeds of $842,964.90 under the private placement. Together with the initial closing under the offerings, the corporation has issued an aggregate total of 5,039,065 units for aggregate gross proceeds of $3,930,474.27 under the LIFE offering and 5,027,854 units for aggregate gross proceeds of $3,921,728.72 under the private placement. The corporation will use the net proceeds of the offerings to finance the detailed design and engineering at HyProMag USA LLC, the corporation's drilling program at its Lac Jeannine property, further investment obligations and for general corporate purposes.

In connection with the second closing, the corporation paid cash fees and compensation warrants to certain agents and finders as follows: $70,540.47 and 90,437 compensation warrants to ECM Capital Advisors Ltd.; $6,000.00 and 7,692 compensation warrants to Odeon Capital Group LLC; $40,799.91 and 52,308 compensation warrants to Integrity Capital Group Inc.; and $12,237.12 and 15,689 compensation warrants to INTE Securities LLC.

All securities issued to investors in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.

About Cotec Holdings Corp.

Cotec is a publicly traded investment issuer listed on the TSX Venture Exchange and the OTCQB and trades under the symbol CTH and CTHCF, respectively. Cotec 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 employes 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.

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