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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 bailey2on Oct 15, 2023 6:29am
191 Views
Post# 35684165

RE:RE:Positive event

RE:RE:Positive eventSure. I know nothing . However, the CEO indicated a few weeks ago in a video that the company with the NDA was going to do an onsite visit. Bill Powers of MiningStockEducation did an onsite visit last week and is releasing a video on Tuesday apparently, of the operations. If we do not get an operational update before Tuesday Indicating how close we are to full production I think it is farcical that these visits would be allowed and the ""grand opening:" on the 24th if things are NOT progressing positively towards full production. Many shareholders are very concerned with the lack of transparency of many issues that have come up since the April news release announcing that commissioning was starting of module one and think that transparent updates, along the way, would have resulted in a lot less concerns amongst  shareholders that have supported the company through all the rights offerings , etc.  Management will defend delays, as this has never been done before,(which is true) however, indication of "cash flow positive by the end of June or early July," in presentations, and now gunning for later October is almost 4 months later than projected. (every delay results in significant cash burn, for this company with limited resources and is resulting in share dilution)  Shareholders will eventually  be rewarded if module one is at 2.5 tons, with validation of the process coming after the system has run for several weeks to do cost analysis, etc. Obviously the sooner the better to get to 2.5 tons. The biggest concern I have going forward is how long will it really take for this company to do the next three modules without HUGE help from someone with greater resources and more " boots on the ground."
Godspeed.
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