Church Transforms Two Million Dollars of Convertible Debt into Cash
In the ever-evolving landscape of the global metals and minerals industry, CoTec Holdings Corp. (TSXV:CTH; OTCQB:CTHCF) continues to make strides as a forward-thinking resource extraction company, committed to revolutionising the sector through innovative, environmentally sustainable technologies and strategic asset acquisitions.
The Company's strategic model emphasises recycling, waste mining, and scalable solutions, all aimed at accelerating the production of critical minerals required for a low-carbon future. This approach supports low capital requirements, rapid revenue generation, and creates high barriers to entry, positioning CoTec as a mid-tier disruptor in the commodities sector.
Recent developments include:
- On July 30, 2025, CEO Julian Treger presented the company's strategic outlook and recent progress during an investor update.
- On August 5, 2025, Kings Chapel International converted $2 million of a convertible loan into 2,666,667 common shares of CoTec at CAD$0.75 per share, reducing the outstanding loan balance and strengthening the company’s financial position.
- On August 11, 2025, CoTec announced the automatic conversion of the remaining Kings Chapel convertible loan and the establishment of $6.6 million in new convertible loan facilities, indicating ongoing financial structuring to support its growth and projects.
- On August 12, 2025, CoTec filed its second-quarter financial statements and management discussion and analysis (MD&A), revealing an investment of about US$450,000 to maintain its equity interest in MagIron and engagement in ongoing operational activities.
It is important to note that the forward-looking statements involve risks and uncertainties. Actual results could differ materially from those currently anticipated in the forward-looking statements. The press release is not for distribution to the U.S. newswire services or for dissemination in the United States. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
CoTec Holdings Corp. invites investors to connect for an Investor Presentation to learn more about its business and future plans. The Company's commitment to growth and sustainability in the metals and minerals industry is evident in its strategic approach and recent financial maneuvers, positioning it as a company to watch in the commodities sector.
[1] CoTec Holdings Corp. Press Release, July 30, 2025. [2] CoTec Holdings Corp. Press Release, August 5, 2025. [3] CoTec Holdings Corp. Press Release, August 11, 2025. [4] CoTec Holdings Corp. Press Release, August 12, 2025.
Read also:
- EA Relies on Madden and Battlefield to Drive Microtransactions Recovery
- Expense for Creating a Digital Platform for Fantasy Sports
- AI-Enhanced Battery-Swapping Station in Southeast Asia Officially Opens Its Doors
- Honda unveils blueprint for design, advanced driver assistance systems, electric vehicles, fuel efficiency, and technology development
