Mr. Julian Treger reports

COTEC PROVIDES UPDATE ON COMMERCIAL DEPLOYMENT OF MULTI-GRAVITY SEPARATOR TECHNOLOGY

Cotec Holdings Corp. today provided an update on the deployment of its commercial-scale multigravity separator (MGS) technology, a key enabler of the company's strategy to generate revenue from improving mineral recovery at existing mining operations and historical tailings sites, including progress toward commissioning of the first SCMG2 unit purchased by company and advancement of identified iron ore recovery opportunities. The SCMG2 is expected to form the cornerstone of Cotec's iron ore mineral recovery business and underpin the company's path to commercialization and future revenue generation from ultrafine iron recovery.

Cotec's MGS strategy is supported by its exclusivity and collaboration agreement with Salter Cyclones Ltd., the developer of the technology. The SCMG2 is currently being assembled at the SCL facility in the United Kingdom, with factory acceptance testing scheduled to commence in Q3 of this year. Following completion of testing the unit will be shipped to Corem in Quebec, Canada, where it will serve as Cotec's commercial testing and demonstration platform. This platform is expected to support the evaluation, optimization and subsequent deployment of MGS technology across multiple iron ore and iron ore waste streams, providing a scalable route to commercial contracts.

Julian Treger, chief executive officer of Cotec, commented: "The SCMG2 represents an important step in Cotec's strategy to deploy technologies capable of improving resource recovery from existing mining operations and historical tailings. The combination of commercial-scale processing capability, exclusive rights in key markets and a growing pipeline of opportunities positions Cotec to accelerate deployment of this technology across a range of iron ore applications and to build a meaningful, high-margin mineral recovery business over time."

Ian Daniels, managing director of Salter Cyclones, commented: "The move to commercial deployment in iron ore is an important milestone for the technology. Our MGS has a long operating history in the recovery of fine and ultrafine minerals and we look forward to continuing our collaboration with Cotec as it advances opportunities in the iron ore sector."

The MGS technology is designed to recover ultrafine mineral particles that are typically not recovered through conventional gravity separation processes. The technology is particularly effective on fine particle streams below 150 micrometres and has historically been applied to the recovery of minerals including tin, chromium, copper and zinc. Cotec believes the technology has significant potential in iron ore applications where valuable mineralization is lost to tailings streams because of fine particle size characteristics, supporting both economic value creation and more sustainable use of existing mineral resources.

Cotec continues to advance evaluation of the technology at its Lac Jeannine project in Quebec, where the MGS is being assessed as a means of recovering ultrafine iron units from spiral tailings streams. The company is also progressing discussions relating to iron ore tailings opportunities in Brazil, where available data indicates material characteristics that are well suited to MGS processing. Together with other identified opportunities, these initiatives are expected to contribute to a growing pipeline of prospective commercial projects for Cotec.

Cotec's MGS strategy is supported by its exclusivity and collaboration agreement with Salter Cyclones, the developer of the technology. The agreement provides Cotec with exclusive worldwide rights for iron ore and iron ore waste applications using the SCMG2, as well as certain rights relating to future generations of the technology.

Cotec believes that the combination of commercial-scale equipment ownership, exclusive market rights and access to a dedicated testing platform at Corem, provides a strong foundation for scaling its mineral recovery business. Unlike many beneficiation technologies that remain at pilot scale, the SCMG2 is a commercial operating system specifically designed to recover ultrafine particles that are often unrecoverable using conventional gravity separation equipment, enabling Cotec to offer iron ore producers a differentiated solution to unlock value from tailings and fine particle streams, and to generate incremental revenue from material that is currently treated as waste.

About Cotec Holdings Corp.

Cotec 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 and reclamation 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.

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