Regenx Opens Its First CleanTech Facility in Tennessee Recovering Precious Metals from End of Life Products

Rhea-AI Summary

Regenx Tech Corp. (RGXTF) has received the occupancy permit for its first facility in Greeneville, Tennessee, enabling the commissioning of Module 1 for processing platinum and palladium from recycled diesel catalytic converters. The commissioning process will involve testing components and gradually scaling up capacity to 2.5 tonnes per day over approximately 90 days. This CleanTech solution promotes sustainability and aligns with the circular economy. CEO Greg Pendura emphasized the technology's role in urban mining. Local government representatives expressed strong support for Regenx’s operations as a model for economic development in the area.

Positive

• Received occupancy permit for Greeneville facility, allowing progression to commissioning phase.
• Commissioning expected to scale capacity to 2.5 tonnes per day in approximately 90 days.
• Technology promotes sustainability and urban mining, aligning with circular economy principles.

Negative

• None.

EDMONTON, Alberta, April 11, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the “Corporation” or Regenx”) (TSXV: RGX) (OTCQB: RGXTF) (FSE: YRS: A2DSW3) is pleased to announce that last week the Company received the occupancy permit for its first facility in Greeneville, Tennessee. This permit allowed the commissioning of Module 1 to begin. The commissioning process includes the testing of all the components and will start with processing smaller batches and gradually scaling up the technology in stages to 100% of its expected capacity of 2.5 tonnes per day. It is projected the commissioning phase will take up to 90 days to complete and reach full capacity.

Regenx’s CleanTech solution uses a proprietary chemical and processing technology which offers a sustainable alternative to current smelter options for the recovery of platinum and palladium from recycled diesel catalytic converters. Regenx CEO, Greg Pendura, stated, “What we’ve created is a technology that encompasses modern, urban mining, while promoting sustainability within a circular economy. We are excited about completing our commissioning phase and expanding into a four Module facility.”

Jeffrey Taylor, President & CEO of Greene County Partnership, the economic development arm of the County of Greeneville stated, “After having the chance to tour the Regenx facility and meet with their senior management I’m impressed and excited about the prospects of this operation. Both the city of Greeneville and the State of Tennessee have been partnering with Regenx to provide support and assistance in the growth of the company. Regenx’s clean technology fits with the type of development the County of Greeneville is trying to encourage to locate in the area.”

About Regenx
Regenx is positioned for growth in the tech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial market focus is the extraction of platinum and palladium from diesel catalytic converters with its business partner Davis Recycling. For further information visit www.Regenx.Tech

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

For further information contact:

REGENX TECH CORP. ‎
Greg Pendura
Chief Executive Officer
‎780-800-0726‎
Greg@Regenx.Tech