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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

Comment by GoodHabitson Apr 19, 2021 7:16pm
296 Views
Post# 33026525

RE:RE:RE:RE:RE:RE:Mineworx reminds me

RE:RE:RE:RE:RE:RE:Mineworx reminds me Wild speculation here, but considering ETIs stated propensity to favour a licensing business model, rather than be an operator, it wouldn't be shocking to hear that a reverse would happen: Mineworx buying ETI out of the Surrey plant and operating it. ETI would get its pound of flesh and Mineworx would do something they're comfortable with, getting revenues from operating the plant. I did call it wild speculation and while it would be surprising, it wouldn't be shocking. Existing cash on hand is allocated to other things, but if revenues start to trickle in, they might be re-directed there.

That said, the whole ETI joint venture went from being such a natural fit to feeling like a giant headache, and considering the "stories" (because I don't know of any actual facts) it doesn't sound like it's the kind of relationship where cash-flow would suddenly make the relationship better...it egos are involved, cash will probably make it worse. Maybe both sides will prove to be mature adults. I hope so. And maybe it will just continue to be the 80/20 venture it is now and give everyone a bit of much needed cash and good PR.
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