Regenx Tech Corp Provides Operations Update
Regenx Tech Corp (OTCQB:RGXTF), a cleantech company specializing in recycling diesel catalytic converters, announced two significant developments. First, the company received all necessary permits on July 2, 2025, for its Newport, Tennessee facility, enabling construction completion and material processing commencement. The facility aims to achieve a processing capacity of 4,000 pounds of milled feedstock daily.
Additionally, Regenx received a favorable initial response from the U.S. Department of Energy (DOE) regarding its proposal titled "Domestic Recovery of Critical Minerals from End-of-Life Catalytic Converters." The DOE has requested additional details to evaluate the company's eligibility for government funding, recognizing the proposal's alignment with its mission to secure critical mineral supply chains.
Regenx Tech Corp (OTCQB:RGXTF), un'azienda cleantech specializzata nel riciclo dei convertitori catalitici diesel, ha annunciato due importanti sviluppi. In primo luogo, la società ha ottenuto tutte le autorizzazioni necessarie il 2 luglio 2025 per il suo stabilimento di Newport, Tennessee, permettendo il completamento della costruzione e l'inizio del trattamento dei materiali. L'impianto punta a raggiungere una capacità di lavorazione di 4.000 libbre di materia prima macinata al giorno.
Inoltre, Regenx ha ricevuto una risposta iniziale favorevole dal Dipartimento dell'Energia degli Stati Uniti (DOE) riguardo alla sua proposta intitolata "Recupero Domestico di Minerali Critici da Convertitori Catalitici a Fine Vita". Il DOE ha richiesto ulteriori dettagli per valutare l'idoneità dell'azienda a ricevere finanziamenti governativi, riconoscendo come la proposta sia in linea con la sua missione di garantire le catene di approvvigionamento di minerali critici.
Regenx Tech Corp (OTCQB:RGXTF), una empresa cleantech especializada en el reciclaje de convertidores catalíticos diésel, anunció dos desarrollos importantes. Primero, la compañía recibió todos los permisos necesarios el 2 de julio de 2025 para su planta en Newport, Tennessee, lo que permite la finalización de la construcción y el inicio del procesamiento de materiales. La planta tiene como objetivo alcanzar una capacidad de procesamiento de 4,000 libras de materia prima molida por día.
Adicionalmente, Regenx recibió una respuesta inicial favorable del Departamento de Energía de los EE.UU. (DOE) respecto a su propuesta titulada "Recuperación Doméstica de Minerales Críticos de Convertidores Catalíticos al Final de su Vida Útil". El DOE ha solicitado detalles adicionales para evaluar la elegibilidad de la empresa para financiamiento gubernamental, reconociendo que la propuesta está alineada con su misión de asegurar las cadenas de suministro de minerales críticos.
Regenx Tech Corp (OTCQB:RGXTF)는 디젤 촉매 변환기 재활용을 전문으로 하는 클린테크 기업으로서 두 가지 중요한 발전 사항을 발표했습니다. 첫째, 회사는 2025년 7월 2일에 테네시주 뉴포트 시설에 대한 모든 필요한 허가를 취득하여 건설을 완료하고 원료 처리 작업을 시작할 수 있게 되었습니다. 이 시설은 하루에 4,000파운드의 분쇄 원료 처리 능력을 목표로 하고 있습니다.
또한, Regenx는 미국 에너지부(DOE)로부터 "수명이 다한 촉매 변환기에서의 국내 핵심 광물 회수"라는 제목의 제안서에 대해 긍정적인 초기 반응을 받았습니다. DOE는 정부 자금 지원 자격 평가를 위해 추가 세부 정보를 요청했으며, 이 제안서가 핵심 광물 공급망 확보라는 DOE의 임무와 부합한다고 인정했습니다.
Regenx Tech Corp (OTCQB:RGXTF), une entreprise cleantech spécialisée dans le recyclage des convertisseurs catalytiques diesel, a annoncé deux développements importants. Premièrement, la société a obtenu tous les permis nécessaires le 2 juillet 2025 pour son site de Newport, Tennessee, permettant l'achèvement de la construction et le début du traitement des matériaux. L'installation vise une capacité de traitement de 4 000 livres de matière première broyée par jour.
De plus, Regenx a reçu une réponse initiale favorable du Département de l'Énergie des États-Unis (DOE) concernant sa proposition intitulée « Récupération domestique des minéraux critiques à partir de convertisseurs catalytiques en fin de vie ». Le DOE a demandé des informations supplémentaires pour évaluer l'éligibilité de l'entreprise au financement gouvernemental, reconnaissant que la proposition s'aligne sur sa mission de sécuriser les chaînes d'approvisionnement en minéraux critiques.
Regenx Tech Corp (OTCQB:RGXTF), ein Cleantech-Unternehmen, das sich auf das Recycling von Diesel-Katalysatoren spezialisiert hat, gab zwei bedeutende Entwicklungen bekannt. Erstens erhielt das Unternehmen am 2. Juli 2025 alle erforderlichen Genehmigungen für seine Anlage in Newport, Tennessee, was den Abschluss der Bauarbeiten und den Beginn der Materialverarbeitung ermöglicht. Die Anlage strebt eine Verarbeitungskapazität von 4.000 Pfund gemahlenem Rohmaterial pro Tag an.
Darüber hinaus erhielt Regenx eine positive erste Rückmeldung vom US-Energieministerium (DOE) zu seinem Vorschlag mit dem Titel „Inländische Rückgewinnung kritischer Mineralien aus ausgedienten Katalysatoren“. Das DOE hat weitere Details angefordert, um die Förderfähigkeit des Unternehmens für staatliche Mittel zu prüfen, und erkennt an, dass der Vorschlag mit seiner Mission zur Sicherung kritischer Mineralversorgungsketten übereinstimmt.
- Secured all necessary permits for Newport facility operations
- Processing operations expected to begin by end of July 2025
- Target processing capacity of 4,000 pounds daily
- Favorable initial response from DOE for funding proposal
- Recent upgrades expected to improve site performance
- Full-scale production will take time to achieve
- DOE funding not yet secured, pending additional information
- Operational success dependent on market acceptance and commodity prices
EDMONTON, Alberta, July 03, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) is providing an update on the status of the restart of operations at its new facility in Newport, Tennessee as well as the application for funding from the US Department of Energy.
Permit Application
Regenx is pleased to announce that all the necessary permits were granted on July 2, 2025. These permits authorize the Company to complete the construction of operations at the new facility and allows the processing of material to commence. This marks an important milestone in the restart of operations in Newport, Tennessee. The permit application, submitted on December 18, 2024, involved close collaboration with regulatory agencies and local authorities.
Rick Purdy, President of Regenx USA, commented: "Securing the permits is a crucial step forward for Regenx. With the necessary approvals in place, our team is set to complete the plant construction and begin processing material by the end of July. While full-scale production will be achieved over time, these critical steps position us well to accelerate our progress and work toward our operational milestones. The Company extends its gratitude to all stakeholders for their ongoing support throughout this process."
The recent upgrades and efficiencies in Regenx’s processes are expected to improve overall site performance. The Company is focused on gradually increasing production capacity, aiming to reach a processing rate of 4,000 pounds of milled feedstock per day as it moves toward full capacity.
Department of Energy Proposal
Regenx is pleased to announce that it has received a favorable response from the U.S. Department of Energy (DOE) concerning its proposal titled “Domestic Recovery of Critical Minerals from End-of-Life Catalytic Converters,” submitted on April 24, 2025. Following an initial review, the DOE determined that the proposal aligns with its mission and adheres to Federal Acquisition Regulation 15.603(c).
The Department of Energy has requested additional details to further assess Regenx's eligibility for the requested government funding. Regenx looks forward to providing the necessary information to support the evaluation process.
"We are excited by the DOE's interest in our proposal," said Don Weatherbee, Chief Executive Officer of Regenx. “This initiative presents a valuable opportunity for Regenx to contribute to securing critical mineral supply chains vital to national interests. We are eager to expand upon our initial submission and demonstrate how our innovative technology can advance sustainable recovery of these essential resources.”
About Regenx
Regenx Tech is a cleantech, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium. Learn more at www.regenx.tech.
For further information contact:
REGENX TECH CORP.
Investors@Regenx.Tech
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the business of the Company, including future plans and objectives, and the debentures. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Regenx’s current beliefs and is based on information currently available to Regenx and on assumptions Regenx believes are reasonable. These assumptions include, but are not limited to: the underlying value of Regenx and its common shares, Regenx’s current and initial understanding and analysis of its projects and the development required for such projects; the costs of Regenx’s projects; Regenx’s general and administrative costs remaining constant; and the market acceptance of Regenx’s business strategy. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Regenx to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; industry condition; volatility of commodity prices; environmental risks; operational risks; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting Regenx; the timing and availability of external financing on acceptable terms; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Regenx’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although Regenx has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Regenx as of the date of this news release and, accordingly, is subject to change after such date. However, Regenx expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
FAQ
When will Regenx Tech (RGXTF) begin operations at its Newport, Tennessee facility?
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