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Regenx Tech Corp. RGXTD


Primary Symbol: C.RGX

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.


CSE:RGX - Post by User

Comment by calerxxon Feb 15, 2024 11:29am
195 Views
Post# 35881945

RE:RE:Announcement brings more pain than relief

RE:RE:Announcement brings more pain than relief I disagree. Everyone has been asking for more frequent updates. Well this is exactly that and I think it's great. They could have waited until the refiner had processed this run and they had agreeed to keep shipping higher amounts, but then we'd be waiting with no news for who knows how long.

This is a pivotal announcement potentially establishing another link in the chain from raw inputs to product sold in the market. They sold a small amount of the black powder from there early runs to a refiner. It may be a long time until they are profitable but keep in mind every $ of revenue means we are operating closer to break even. Ideally net costs and revenue will slower starting to balance out. Slowly, yes, but remember the tortoise.
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