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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 AlfTanneron Nov 11, 2023 10:52pm
177 Views
Post# 35730618

RE:Oh no now the Pt/Pd price hits the skids!!

RE:Oh no now the Pt/Pd price hits the skids!!
Therancher, the story is great for Regenx if they can actually produce platinum.  The soaring price of palladium has had 2 impacts.  First, more platinum is being substituted for palladium in catalytic converters, so demand for platinum is increasing.  This substitution takes years to implement, so the current level of substitution will continue for years even if the price of palladium drops.  Second, mining companies have been using their palladium profits to subsidize the cost of mining the platinum.  They usually mine them both together because the ore contains both.  With the price of palladium dropping like a rock, some of those mines are no longer profitable.  They will soon be put on care and maintenance, so both the palladium and platinum production will stop.
 
In short, the demand for platinum will be increasing while the supply will be decreasing.  The price of platinum has dropped a little, and it will probably drop a little more as the recession gets going in 2024.  After that, it should rebound sharply, and I would not be surprised to see platinum in the $1200 to $1500 range in 2025.
 
Since Regenx mostly produces platinum from diesel catalytic converters, it should benefit greatly from the eventual run up in the price of platinum.  Again, that depends on if Regenx can actually figure out how to extract the platinum at full production.
 
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