CoTec-backed MagIron reports strong results from independent DR-grade iron pellet tests

• CoTec flagged strong independent test results for MagIron’s Minnesota iron concentrate, producing DR-grade pellets with high strength and durability.
• Full pot-grate program run by University of Minnesota’s NRRI used concentrate from MagIron’s 2025 pilot plant campaign.
• Metallurgical work showed strong performance under direct reduction conditions, supporting suitability for DRI plants.
• CoTec holds about a 17% fully diluted stake in MagIron, which is prioritizing pig iron development while retaining DR-pellet optionality.
• MagIron is optimizing its flowsheet to improve economics, including a coarser grind and lower reagent use versus earlier feasibility assumptions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoTec Holdings Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608200700ACCESSWRNAPR_____1209687) on August 20, 2026, and is solely responsible for the information contained therein.