Welcome to our dedicated page for Regenx Tech news (Ticker: RGXTF), a resource for investors and traders seeking the latest updates and insights on Regenx Tech stock.
Regenx Tech Corp. (RGXTF) generates news that centers on its cleantech, urban mining activities and its regulatory and financing developments. The company describes itself as recycling end-of-life diesel catalytic converters using proprietary, environmentally friendly technology to recover precious metals such as platinum and palladium. Many of its announcements provide insight into how this business focus is being advanced through operations, research, and capital decisions.
Investors following Regenx’s news can expect updates on the status of its process facility in Newport, Tennessee, including testing milestones and operational restarts. The company has reported that its system has been tested using full chemistry and that modifications to its process allow the base solution to be reused multiple times, which it states can lead to higher concentrations of platinum group metals in its product.
Regenx’s news flow also includes disclosures about non-brokered debenture financings used to support operations and general working capital. These items detail the terms of the debentures, such as interest rates, redemption provisions, and associated warrants. In addition, the company reports on advisory services and funding support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) for projects aimed at advancing its proprietary extraction process, with research conducted by a scientific team in the Vancouver, British Columbia area.
Another recurring theme in Regenx’s news releases is regulatory compliance and filing status. The company has issued multiple updates about delays in filing its audited annual financial statements and related documents, its application for a management cease trade order, and the subsequent cease trade order issued by the Alberta Securities Commission, along with a trading halt imposed by the Canadian Investment Regulatory Organization. Readers can use this news page to review these developments and track how Regenx reports on its operational, financial, and regulatory status over time.
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.
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