Hypromag Showcases Recycling Projects

HYPROMAG SHOWCASES ITS RARE EARTH MAGNET RECYCLING AND MANUFACTURING PROJECTS AT THE MINERALS SECURITY PARTNERSHIP MEETING IN BRUSSELS

London/Vancouver - 13 December 2024 - Mkango Resources Ltd. (AIM/TSX-V: MKA) and CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) ("CoTec") are pleased to announce that HyProMag Ltd. ("HyProMag") presented its rare earth magnet recycling and manufacturing projects during yesterday's Minerals Security Partnership ("MSP") meeting in Brussels.

The following statement was released by the Governments of the Republic of Korea (ROK) and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, Sweden, the United Kingdom, the United States of America, and the European Commission following conclusion of the Meeting: Joint Statement on the High-Level Minerals Security Partnership Forum Events in Brussels - United States Department of State

HPMS technology was developed at the University of Birmingham Magnetic Materials Group and is exclusively licenced to HyProMag. The technology is underpinned by approximately US$100 million of research and development funding, and has major competitive advantages versus other rare earth magnet recycling technologies, which are largely focused on chemical processes but do not solve the challenges of liberating magnets from end-of-life scrap streams - HPMS provides this solution.

HyProMag was one of the first projects to be selected by the MSP for support given its strong potential to contribute towards the development of responsible critical mineral supply chains: Joint Statement on the Minerals Security Partnership Announce Support for Mining, Processing, and Recycling Projects - United States Department of State

About Mkango Resources Ltd.

About CoTec Holdings Corp.

CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX- V") and the OTCQB and trades under the symbol CTH and CTHCF respectively. CoTec is an environment, social, and governance ("ESG")-focused company investing in innovative technologies which have the potential to fundamentally change the way metals and minerals can be extracted and processed for the purpose of applying those technologies to undervalued operating assets and recycling opportunities, as it transitions into a mid-tier mineral resource producer.

For more information, please visit www.cotec.ca.

CoTec Holdings Corp.

Braam Jonker

Chief Financial Officer

Canada: +1 604 992-5600