Mr. Braam Jonker reports

COTEC HOLDINGS CORP. ANNOUNCES EXTENSION OF PRIVATE PLACEMENT OF UNSECURED CONVERTIBLE DEBENTURES

Subject to approval of the TSX Venture Exchange, Cotec Holdings Corp. intends to extend the date of the final closing of its previously announced non-brokered private placement of unsecured convertible debentures to on or before Oct. 15, 2026.

The offering is for aggregate gross proceeds of up to $20-million, of which $12,059,000 was raised pursuant to the initial closing announced on Sept. 17, 2026. The company continues to make progress toward a second closing of the offering. Kings Chapel International Ltd. has agreed to purchase up to $5-million principal amount of convertible debentures at the final closing to the extent that the company has not otherwise secured subscriptions from third party investors for those convertible debentures. For further details regarding the offering, please refer to the company's press releases dated Aug. 11, 2026, and Sept. 17, 2026.

All other terms and conditions of the offering remain unchanged. Completion of the offering remains subject to the receipt of all necessary approvals, including approval of the TSX-V. The company will issue a further news release upon completion of an additional closing of the offering.

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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