Recent Insider Transactions • Jul 08
CFO & Corporate Secretary recently bought CA$61k worth of stock On the 3rd of July, Abraham Jonker bought around 42k shares on-market at roughly CA$1.46 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$181k. Abraham has been a buyer over the last 12 months, purchasing a net total of CA$664k worth in shares. Recent Insider Transactions • Jun 29
CFO & Corporate Secretary recently bought CA$80k worth of stock On the 23rd of June, Abraham Jonker bought around 56k shares on-market at roughly CA$1.43 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$157k. Abraham has been a buyer over the last 12 months, purchasing a net total of CA$422k worth in shares. Announcement • Jun 16
Cotec Holdings Corp. Provides Mid-Project Update on Lac Jeannine Mine Tailings Reclamation and Restoration Project CoTec Holdings Corp. released a mid-project update following engineering work carried out by BBA on the Lac Jeannine Mine Tailings Reclamation and Restoration Project, Québec, Canada. The Feasibility Study is currently expected to be completed during Second Quarter, 2027. The Project has the potential to supply the market with a 67% total Fe iron concentrate that qualifies as a critical and strategic mineral under the Québec and federal critical mineral initiatives. The recently reported updated Mineral Resource Estimate and Preliminary Economic Assessment for the Project increased the after tax NPV to USD 91.9 million, and its IRR to 29.6% with a 15-year life of mine, excluding further potential upside from an additional 28 million tonnes of exploration material and the application of the Salter gravity separation technology. Completion of a gap analysis on the 2024 Preliminary Economic Assessment by BBA has provided a de-risked path from Preliminary Economic Assessment to Feasibility Study and Environmental Impact Assessment submission. Commencement of baseline environmental studies at the site and development of an environmental permitting roadmap to achieve a targeted Environmental Impact Assessment submission by Second Quarter 2027. Ongoing engagement with key local stakeholders including Federal and Provincial government agencies as well as the Innus of Pessamit and Uashat mak Mani-Utenam First Nations Communities. Updated beneficiation circuit which is being verified through a metallurgical test work program at Corem; initial metallurgical tests at Corem have produced direct reduction iron concentrates which would classify the project at critical mineral status. Site preliminary layout and tailings disposal method within the historical pit completed. Completion of an updated Mineral Resource Estimate and positive Preliminary Economic Assessment for the Project. Based on continuous tailings reclamation method and the production of a gravity concentrate via conventional processing techniques and at a discount rate of 7.0% (and based solely on the 2026 Mineral Resource Estimate), the pre-tax NPV is USD 141.5 million, and its IRR is 33.8%, and the after tax NPV is USD 91.9 million, and its IRR is 29.6% with payback achieved in 2.3 years and a profitability index (PI) of 1.2. The after tax NPV does not include any potential benefit from government incentives, tax or otherwise. The 2026 Preliminary Economic Assessment does not include further tailings that are present outside of the indicated and inferred drilling area of the 2025 drilling campaign and further potential upside from the application of the Salter gravity separation technology that would allow access to the ultra-fine material contained in the tailings. A confirmation letter was received in May 2026 from the Impact Assessment Agency of Canada confirming that based on the information available to date, the Project would not be subject to the federal impact assessment process defined in the Impact Assessment Act. The project would therefore be subject only to the provincial environmental impact assessment and review procedure. Completion of a gap analysis on the Preliminary Economic Assessment by BBA has provided a de-risked path from Preliminary Economic Assessment to Feasibility Study and Environmental Impact Assessment submission. In May 2026, CoTec completed an updated positive Preliminary Economic Assessment on the Project. The Company engaged the services of BBA in late 2025 to support in the next phase of Project development. BBA has completed a review of the information available to date and an assessment of the Project’s readiness to advance toward a Feasibility Study – The Gap Analysis. This work included identifying technical, regulatory, and scheduling gaps relative to Feasibility Study requirements, with the objective of informing Project decision-making, development priorities, and the path forward for public disclosure under NI 43-101. In January 2026, following the onboarding of BBA, a site visit to the Lac Jeannine mine was carried out to collect baseline water samples from lakes/old mine pits and streams in the area. A detailed list of environmental studies which are to be carried out in the coming months by BBA and Groupe Nipi to support the submission of a final Environmental Impact Assessment for the Project was submitted to the provincial Ministry of the Environment and the scope of these studies was adjusted based on the comments received from the Ministry of the Environment. The Project has optimised the previous Preliminary Economic Assessment flowsheet and will target an iron ore concentrate of >67% FeT at a finer P80 which produced a 66.8% FeT concentrate but with circa 1/3rd being greater than 850 µm. The metallurgical testing program has been compiled to support the engineering design of a plant capable of producing a concentrate that will achieve a premium in the iron ore market. Initial results from the Corem support this alternative flowsheet which has achieved direct reduction concentrate grades which qualify for critical mineral status. Following detailed discussions between CoTec and BBA, the layout of the Project has been finalised incorporating the process plant, staff accommodation, run of mine stockpiles and the concentrate load out location. A strategy for the disposal of the tailings into the old Lac Jeannine mine pit has also been agreed upon, with the objective being to return the landscape to as close to its previous form, with as minimal an impact to the current environment as possible. Early fish DNA sampling of the old pit and adjacent pit indicates the possibility the old pits may contain fish species. 
