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. > What is MWX's burn rate?

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Comment by BrandNewGuyon May 03, 2022 2:36pm

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Post# 34652069

RE:RE:What is MWX's burn rate?

Both good questions.
The year end showed $3.55m of cash and now the company is down to $500k? where did $3m go so fast? I guess we will find out by the end of the month when the Q1 report has to be released.
Hopefully their testing and optimization phase is producing revenues otherwise like Atech said, can we get another $2m 3 year debenture, that would be so much better than raising more capital.

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