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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 djstone56on Jan 17, 2022 2:40pm
312 Views
Post# 34325488

RE:re:re very nice news

RE:re:re very nice newsWoke up to an 18" dumping of snow in Southern Ontario today AND, news of a letter of intent to sell our interest in the Cehegin property. What a start to the week! I think it's a little too early to assign a value to the deal, but once solidified, the $20 million equates to roughly 0.055/share. Whatever we all thought the value of Cehegin was/is, it wasn't adding any value to the current shareprice as is, and, depending on the share structure of the Newco, (1:1, 1:5, 1:10?), and our % moving forward, 25-40% of something is better than 100% of nothing. I think more importantly, it demonstrates how hard Greg has been working behind the scene to broker the deal and his ability to execute on something that he told us was in the works. Still a lot of unanswered questions with the deal, but I'm hoping that the Company releases the details to shareholders once the letter of intent is firmed up and the spin off is a done deal. Until then, I see today's news as a big positive. We get to monetize the value of Cehegin and the Company gets to re-brand itself in the ESG space, opening us up to "green" investors and funds. djstone
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