Integrity Capital Group Releases November 2026 Update Report on CoTec Holdings
Integrity Capital Group (ICG) has released its November 2026 research update on CoTec Holdings Corp. (TSX.V: CTH; OTCQB: CTHCF), maintaining a BUY rating and a C$4.75 per share target price.
The report highlights what ICG views as a significant gap between CoTec’s share price and the estimated value of its critical minerals assets. Based on a closing share price of C$0.90 and market data as of November 11, 2026, ICG estimates that CoTec is trading at approximately 0.19 times its net asset value.
A central theme of the update is ICG’s assessment that investors are attributing no value to CoTec’s flagship HyProMag USA project. The report argues that the estimated value of MagIron and Lac Jeannine alone comfortably supports the current share price.
The update also examines HyProMag USA’s recently published Pre-Feasibility Study, which supports a proposed expansion in rare earth magnet manufacturing capacity. Under the proposal, annual production of neodymium iron boron magnets and powders would increase from 1,526 tonnes in 2028 to 6,000 tonnes by 2034, supported by additional facilities in South Carolina, Nevada and Texas.
ICG’s C$4.75 per share net asset value estimate incorporates discounted cash flow valuations of HyProMag USA, MagIron and Lac Jeannine.
Click here to read the full CoTec Holdings November 2026 Update Report for the complete analysis and disclosures.
Disclosure: Integrity Capital Group has provided professional services to CoTec Holdings for which it has been compensated.
