Company email This almost sounds too good to be true! Are we really moving toward production? They seem to be checking all the boxes.
Dear Shareholders
Hopefully everyone had a wonderful time with family and friends over the festive season. I had the great fortune of having my family together and it was a very joyous occasion, especially with the grandkids and pets. I am wishing all of our Shareholders a Happy and Prosperous New Year.
The New Year has already started with the entire Regenx team excited and focused on graduating towards full commercial production and are eager to check off all the boxes for Module 1 production along with related operational efficiencies. We have started the year off processing 1000 lbs/day and expect to increase that to 1500 lbs/day by mid January. Our projections are for us to increase by a minimum of 500 lbs/day every two weeks.
We expect to be able to start the procurement process for Module 2 during Q2 as well as begin sourcing the required personnel to meet our future corporate growth expectations. With the adjustments and additional equipment upgrades made during the last half of 2023 the Tennessee facility will now be able to accommodate more than 4 Modules if we choose to increase the overall plant capacity.
Our end product or “black powder” will begin to be sent for refining in January. Once we have ongoing revenue we will be able to provide financial projections on operations and shareholders will be able to better understand the exciting business potential moving forward. From a corporate milestone perspective we are at the best place we have ever been in our history. We are finally transitioning towards commercial reality and are at the cusp of seeing significant stakeholder appreciation.
As always we acknowledge your ongoing support and thank you for your belief and conviction in our innovative cleantech solution to an ever-increasing problem. I hope you will be proud of your Company’s contribution to environmental and sustainability issues as we become a contributing factor to a greener future. 2024 is going to be a benchmark year for Regenx….enjoy it.
Greg Pendura