Regenx appointed John Kiland to its Board of Directors: Mr. Kiland is a great strategic addition to the Regenx team given his extensive experience in the catalytic converter industry. Mr. Kiland has been associated with DPF Alternatives since 2020, a company focused on cleaning and restoration of diesel particulate filters and diesel oxidation catalysts which are the primary components of a diesel catalytic converter. DPF operates 90 locations across North America and is recognized as a leader in complete DPF restoration for all years, makes, and models. Mr. Kiland has been granted 300,000 stock options with an exercise price of $0.05 and have a five-year term.
Regenx appointed DMCL as its new auditor: This change was necessary as Regenx's previous auditor, Gallo LLP, decided to cease auditing publicly listed companies due to increasing regulatory requirements for small and mid-sized accounting firms.
Regenx changed its Fiscal Year-End date to March 31st: This change was necessary due to the change in auditor and CPA Alberta regulations. As a result, Regenx's Q4 2024 interim financial statements will be released on or before March 3, 2025, and the audited 15-month financial statements for the period ending March 31, 2025, will be published on or before July 29, 2025.
Regenx received funding support to advance proprietary technology: The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) is to provide Regenx with up to $50,000 CAD and advisory services to further advance research and development to support the advancement of Regenx’s proprietary technology that extracts precious metals from end-of-life catalytic converters.
Regenx closed Non-Brokered Financing for Gross Proceeds of $503,423 CAD: Unsecured Debenture Financing at a 15% annual interest rate; investors received 500 warrants per $1,000 debenture to purchase shares at $0.05 until Oct 30, 2025.
Regenx has continued to capture the attention of the media with its proprietary, disruptive, urban mining, recycling technology for the recovery of critical metals like platinum (Pt) and palladium (Pd).
CEO, Don Weatherbee, highlights Regenx's operational progress, the strengthening of its team, Module One revenue milestone, derisked supply chain through strategic partner, research advancements, and a breakdown of the PGM recycling market.
Regenx is scaling up its Module One recycling plant in Tennessee with a primary focus on establishing a consistent revenue-generating operation and a clear path for growth.
The RBMG and Regenx teams look forward to providing updates on operational progress in the near term.
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 (Pt) and palladium (Pd).
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