Regenx Tech Corp. C.RGX

Alternate Symbol(s): RGXTF

Metals & Mining Industrial Metals & Minerals

Regenx Tech Corp. is a Canada-based company, which is engaged in development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. It has two operating segments, exploration, and development of mineral properties in Spain and mineral extraction through use of its equipment in North America. It is focused on the extraction of platinum and palladium from diesel catalytic converters. It provides an alternative from environmentally harsh smelters to modern technology to recover the precious metals. Its industries using catalytic converters include generators, industrial, automotive, light trucks, commercial vehicles, and heavy equipment. The Company’s subsidiaries include SME Resources Ltd., Mineworx Technologies Inc., Regenx USA Inc., and MWX Espana, S.A.U.

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Regenx Tech Corp. > What is MWX's burn rate?

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Comment by BrandNewGuyon May 03, 2022 2:36pm

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Post# 34652069

RE:RE:What is MWX's burn rate?

Both good questions.
The year end showed $3.55m of cash and now the company is down to $500k? where did $3m go so fast? I guess we will find out by the end of the month when the Q1 report has to be released.
Hopefully their testing and optimization phase is producing revenues otherwise like Atech said, can we get another $2m 3 year debenture, that would be so much better than raising more capital.

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