The Conversation (0)
Regenx Tech Corp ., (the " Company " or " Regenx ") (CSE: RGX,OTC:RGXTF) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) is excited to provide additional operational details regarding the restart of the process facility in Newport, Tennessee. The system has now been tested using full chemistry and is performing as expected. The testing process is meticulous and involves multiple inspections and analysis during each step to ensure quality and safety controls are maintained.
The testing included using the modifications to the previous chemistry that the Company previously disclosed. The modifications provided successful results and now allow the base solution to be used multiple times. The ability to recycle the base solution enables Regenx to produce a product with a much higher concentration of PGMs. The higher concentration offers both operational and commercial advantages.
Rick Purdy, President of Regenx USA, stated:
We continue to successfully hit targets to allow the facility to operate at full capacity. Our methodical process for this start-up is providing excellent results and laying a solid foundation for future operations.
Both the Lab and Operations teams have provided exceptional support, not only in fabricating the revised system but also in modifying the chemistry to increase the effectiveness of the process. I would like to recognize and thank the teams who have been working together to seamlessly integrate the changes.
Being on the ground in Tennessee, I am excited by our progress and know we are ready to take the next step. We are fielding inquiries from customers looking to place their products with us.
The next step is for the system to operate continuously at full capacity. Regenx will continue to provide additional updates on the operation in the near future.
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.
