Regenx Tech Stock Price, News & Analysis

Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) has announced the appointment of John Kiland to its Board of Directors. Kiland has been associated with DPF Alternatives since 2020, a company specializing in cleaning and restoration of diesel particulate filters and diesel oxidation catalysts with 90 locations across North America.

Upon joining the board, Kiland will receive 300,000 stock options at an exercise price of $0.05, vesting immediately with a five-year term.

Additionally, Regenx has appointed DMCL Chartered Professional Accountants as its new auditor effective February 4, 2025, following the resignation of Gallo LLP. The company also announced a fiscal year-end change to March 31. Q4 2024 interim financial statements will be released by March 3, 2025, and the audited 15-month financial statements for the period ending March 31, 2025, will be published by July 29, 2025.

Regenx Tech Corp (CSE: RGX, OTCQB: RGXTF) has secured up to $50,000 in funding and advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The funding will support research and development efforts to advance the company's proprietary technology for extracting precious metals from end-of-life catalytic converters. The research is being conducted by Regenx's scientific team in the Vancouver, BC area. CEO Don Weatherbee expressed gratitude to the NRC IRAP team and their industrial technology advisor for their guidance throughout the process.

Regenx Tech Corp. (TSXV: RGX, OTCQB: RGXTF) has secured a non-brokered financing through debentures for gross proceeds of $503,423. The debentures will carry a 15% annual interest rate and include warrant issuance of 500 warrants per $1,000 debenture. Each warrant enables the purchase of one common share at $0.05 per share until October 30, 2025. The company maintains the right to redeem debentures with 10 days prior notice. Proceeds will support operations and working capital needs. Regenx operates in the cleantech sector, focusing on recycling end-of-life diesel catalytic converters to recover precious metals like platinum and palladium.

Regenx Tech Corp (CSE: RGX, OTCQB: RGXTF) has announced the granting of 5,700,000 stock options to directors, officers, employees, and consultants. The options have an exercise price of $0.05 per share and are valid for five years, subject to vesting provisions. This grant follows the Company's Stock Option Plan approved by shareholders on July 27, 2022.

During 2024, 1,800,000 previously issued options from 2019 expired. The new grant requires final approval from the Canadian Securities Exchange. Regenx operates as a cleantech urban mining company in the United States, specializing in recycling end-of-life diesel catalytic converters to recover precious metals like platinum and palladium.

Regenx Tech Corp has resumed operations at its Greeneville facility following flood damage from Hurricane Helene, operating with temporary equipment and rehiring previously laid-off employees. The company announced a strategic relocation to a new facility in Newport, Tennessee, after their current property's lease won't be renewed. The new location, secured with a lease offering options for up to ten years, better aligns with Regenx's operational and economic goals. The transition began on November 1, 2024, with completion expected within a month. During the transition, the company maintains processing capacity of approximately 1,000 lbs. per day using temporary equipment.

Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF) has reported on the effects of Hurricane Helene on its operations. CEO Don Weatherbee confirmed that the company's facility suffered no damage and all employees are safe. However, the Regenx Module One facility in Greene County has been impacted by severe flooding, rated as a 1 in 1,000-year event.

The local water intake structure was damaged, resulting in a complete shutdown of water supply to the area. Regenx's facility cannot operate without water access, and local officials expect water service to resume next week. The company will provide updates on the restart of operations as more information becomes available.

Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF) has provided a production update for its Greeneville, TN facility and announced an upcoming Corporate Webinar on September 11, 2024. The company successfully processed over 32,000 lbs of diesel catalytic converter feedstock, with a portion containing more than 30 oz of precious metal shipped to Heraeus for final refining. However, during maintenance, technicians discovered unusual wear in the reactors, leading to a temporary halt in operations. Regenx is working on implementing a solution and will provide additional information during the webinar. The company focuses on developing environmentally friendly processing technologies for recovering precious metals, particularly platinum and palladium from diesel catalytic converters.

Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) has announced significant changes in its senior leadership. Greg Pendura, who has led the company for over 14 years, is stepping down as CEO but will remain as Chairman of the Board. Don Weatherbee, who has been with Regenx since 2015 and served as President for the last two years, has been named the new CEO.

Weatherbee brings over 21 years of senior executive experience to the role. Pendura expressed confidence in Weatherbee's ability to manage the company's projected growth, citing his broad operational and financial experience. Weatherbee, in turn, expressed enthusiasm about leading Regenx into its next growth phase, emphasizing the strong team and opportunities ahead.