Regenx Tech Corp. C.RGX

Alternate Symbol(s): RGXTF

Metals & Mining Industrial Metals & Minerals

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.

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Regenx Tech Corp. > Only good news?

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Comment by PinkCowon Jan 18, 2022 5:50pm

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Post# 34330613

RE:RE:RE:RE:Only good news?

It could be the case that they have found a partner and MWX contributes the asset for X% of newco shares and the partner contrinutes cash or something else and gets the rest of newco. Then MWX jsut distributes the newco shares it received from the 'sale; of the asset into newco.

Of course this means that shareholder ownership is diluted from owning 100% of the mining asset to whatever percent ownership MWX gets from the newco. This makes sense only if a) the value of newco is higher than the $20MM notional value of the asset sale and b) the MWX could not advance the value of the mining asset without the help of partners.

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