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Regenx Tech Corp. C.RGX

Alternate Symbol(s):  RGXTF

Regenx Tech Corp. is a cleantech company. The Company is engaged in the development and commercialization of its processing technologies for the recovery of precious metals. The Company’s initial focus is the extraction of platinum and palladium from diesel catalytic converters. Its technology produces a sustainable PGM concentrate without the need for smelting or mining. It provides an alternative from environmentally harsh smelters to modern technology to recover precious metals. Its products are used in various industries, including electronics, medical, transportation, emissions, jewelry, and pharmaceuticals. The Company’s subsidiaries include Mineworx Technologies Inc., Regenx USA Inc., MWX Espana, S.A.U., and Iron Bull Mining Inc.


CSE:RGX - Post by User

Bullboard Posts
Comment by dieseldaveon Dec 18, 2019 7:19pm
147 Views
Post# 30470611

RE:Freedom! And Tax Loss Is Bogus...

RE:Freedom! And Tax Loss Is Bogus..."The Company recognized revenue of $130,791 (2018 - $nil) from the sale metals created from the preliminary runs of the dry concentrate circuit of the Vancouver facility. Cost of Sales were $321,600 (2018 - $nil) comprised of $34,811 of fees and charges for the transportation on processing of the concentrate materials shipped from the Vancouver facility, $164,999 for the purchase of the E-waste feedstock, and $121,790 for the Vancouver facility overheads. This creates a negative Gross Margin of $190,809. The facility costs were not covered by the revenues as the amount of material processed was lower than is required to cover the fixed facility costs. The initial feedstock was purchased at a premium in the spot market to secure the required test materials and no provision was made for value contained in the organic fraction that is awaiting processing in the wet circuit". ... From sedar,com ... Enviroleach Interim Quarterly Highlights ... March 31 /2019  ...referencing the Glencore  Jan 23 (heavy fraction) shipment in question.
Bullboard Posts