Mr. Julian Treger reports

COTEC RECEIVES $19.9 MILLION FROM WARRANT ACCELERATION

Cotec Holdings Corp. has received gross proceeds of approximately $19.9-million from the exercise of 16.6 million warrants pursuant to its warrant acceleration announced on March 4, 2026.

The warrant exercise represents 95.6 per cent of the 17.3 million warrants subject to the warrant acceleration. The unexercised warrants expired on Friday, April 10, 2026.

The company issued 16.6 million common shares pursuant to the warrant exercise increasing the total common shares outstanding to 115,136,805.

Julian Treger, chief executive officer of Cotec, commented: "We are very pleased with the successful outcome of the warrant acceleration during a challenging time in the markets. This is testimony to the continued support of our shareholders and recognition of the compelling value proposition of our company."

About Cotec Holdings Corp.

Cotec Holdings is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, Cotec integrates breakthrough technologies with strategic assets to unlock secure, sustainable and low-cost supply chains.

Cotec's mission is clear: accelerate the energy transition while strengthening strategic mineral supply chains for the countries the company operates in. By investing in and deploying disruptive technologies, the company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas to iron tailings reprocessing in Quebec to next-generation copper and iron solutions backed by global majors, Cotec is building a diversified portfolio with long-term growth, rapid cash flow potential and high barriers to entry. The result is a differentiated platform at the intersection of technology, sustainability and strategic materials.

We seek Safe Harbor.