This is part of the transcript of the video with the video at the end of this.
Bob Fair says: "We're going tolook at all those pieces buying the feed stock at the right prices buying the feed stock with the right amount of metal in it looking at process efficiencies looking at process optimization understanding the back end of the business to make sure that we're selling uh making the most profit on the product that we sell so we really want.
We're going to look at process efficiencies we're we're looking at the labor right now so I know there's some concerns about you know when we're back up and running and um how smooth that's going to be we're also looking at Labor from a cost perspective because there were several questions about you know our cash flow.
The short-term plans long-term plans um yeah initial perceptions I already kind of talked about that um unfortunately we are seeing some wear issues in our our "glass line systems"
I looked up
"Glass lined systems" Here is some info on this if you'd like to read. If not please skip this part. I just think you should always know as much as you can about what you're investing in. Also it seems like the RGX team is doing a good job in showing us details of what we're investing in & answering questions some have had for some time. So this is good.
https://www.chemengonline.com/maintenance-and-repair-of-glass-lined-equipment/?printmode=1 ....Bob Fair continues, "we already have um a plan in place to start running short term so we'll be continuing to process some black powder um in the next couple weeks again so that's material that we can sell into the marketplace um and then longterm this is with equipment that we can get quickly off the shelf and then long term we'll be purchasing the longer lead time items for our business.
Bob Fair, "most of you understand the initial feed stock purchases the um Davis recycling initial process but we just wanted to go a little more in depth into this today so we do receive these materials from Davis um they they Mill that material and get into position for us to leech so this whole process is really broken down into two key steps so you have the leeching step of the process where we're removing the precious metals from the feed stock we then have to separate those two things the feed stock that no longer contains the precious metals and and the solution we then take that solution and we precipitate it into our black powder concentrate at that point that black powder concentrate um needs to be sold on to these primary refiners.
Bob Fair,: "Definitely looking forward to working with everyone I'm looking forward to this experience um and we're going to get this company on track we're going to be you know cash flow positive there they and and you know the ultimate goal is profitability right it's running a profitable business and that's what we're here to do/"
Now Rick P. is speaking,: " I'm excited about now that we have Bob on board in particular we have an incredible Team all of our members are are awesome what they do but we were missing uh we had a gap in our in our skill set and that was a bob Gap somebody from the actual industry we were never able to attract anybody until the time we actually were commercial we proved our technology and we got there and we're able to secure Bob so we're very excited about having him be on the team with us."
Rick P., :"Bob is is heading up the operations and and I'm now going to focus on my my core strength which is building strong relationships in the industry and building trust."
Rick P. : "I just wanted to show the supply chain currently uh as you see in the in the chart here it has the small gatherers on the bottom and that's many guys all around North America they might get one to 10 cat converters and gather them and sell them the small scrap yards you know they're 100 you know cats mid large volume th000 Regional yards 5,000 large shops such as Davis recycling tens of thousands and then you have the smelters that's basically the supply chain as we see it here today."
Rick P.:" what our strategy going forward and I'm working hand inand with Davis is to to skip the midle men and we uh we have a incredible relationship we developed with EPF Alternatives as an example and this is one of many type of companies out there that are that are the the uh straight to Source material and there's no middle men and that's the opportunity for us because there's more margin in it uh for both parties them and us and we build a stronger direct relationship with with a company like DPF which is is coming along very well we're excited to work with them."
Rick P. :"as you can see the blue dots there that's their existing locations and the green dots are their ones coming on board uh they'll be uh they have over 100 um locations right now and they're
moving on to 200 locations very fast so very excited to work with DPF Alternatives as an example that's our skip the middleman strategy and the next slide yeah and we have a potential OEM pipeline here I wanted to show the oems uh they they do a lot of uh recalls uh they have a lot of material that they work direct with uh the refiners and so on uh we can be a solution as a secondary Refinery so we're we're developing those potential OEM uh and those relationships through our Network right now and quite excited about where that's going. The last but not least we have a smelter tolling option um that's where we take companies like these on the screen here um their material and we simplify it for them we become a secondary refiner we take take their material process it run it and return the medals to them and then they deal directly with their customers so it's an awesome opportunity for us to get cash flow and get volume of material and work as a collaborator side by side with the smelters not a competitor yeah so I I that's pretty much where we're what I'm working on right now."
Now it's Emily talking,: " We announced last week that we said our first batch of final product to the Go Global refiner foras um this isn't just an important step but it's a exciting Milestone um as we have now closed the loop on the orenic system."
Emily:"Now that we are finally generating Revenue we have several doors open to us in terms of financing options in order to expand firstly banks are willing to offer financing toward us using our accounts receivable as security the the next program we really excited about is offered by the USDA." "This is a rural business investment program where the USDA guarantees up to 80% of a loan that regenics would receive from A lender." " We are actively working on this opportunity as we speak."
"there are other future potential opportunities with the USDA including grants for solar energy we have also applied for a loan with the US Department of energy this is an energy INF infrastructure reinvestment program based on the pgms or critical minerals that we are recovering platinum and plaum are considered critical minerals by the US government though any government is slow moving on programs like this we are confident that our Clean Pro process versus smelters to recover these critical minerals will favor us in approving for these funds."
Emily,: "We have also applied for funding with the Canadian national research Council this is an industry research assistance program that would reimburse our Vancouver lab on Project Specific costs obviously while all of the above are being worked on we are actively working with our current Banks as well as trying to generate as much final product to sell to generate Revenue."
Emily,: "we are asked lots of questions about margins future profit or investment returns we are restricted from answering until our public financial statements are released I would like to now pass it back over to Don where he can talk about our strategic Direction."
Don W.,: "I hope you've enjoyed meeting our our team I'm excited that they are the team that that's helping us move forward to give you some understanding of what our strategic direction is I'd like to say here's the goal our vision our vision and what we are working toward is being driven by becoming a profitable operational company and we're well on our way to doing that some of the initiatives that we're taking on how are we getting there our operational initiatives are based around Revenue generation generate cash from the production of ounces of PGM and then have module one operating capacity this leads into profitability to increase profitability we will secure
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more favorable feed stock which is what Rick is working on."
Don, "Increased operational efficiency which is what Bob's working on with that in place that allows us to look at expansion opportunity to bring on additional modules and and pursue secondary locations that's the operational piece that we're moving forward on strategically."
Don,:" Strategically we're looking at a few initiatives corporate marketing plan the corporate marketing plan is being developed to increase demand in the US Marketplace and an increased demand from investors institutions these pieces are what we need to drive a further um buying of our stock to also move forward we need to secure additional funding." "
Don, "We're working towards working capital funding and expansion Capital funding and those are what Emily discussed."
Don, " the next pillar of what we do is we are looking at strategic opportunities whether or not that will come through mergers or Acquisitions or additionally through foreign license options all these items is how we are strategically going to move this company forward."
Don, "We have enough cash to bring uh Bob's short-term plan into operation by the end of September, we will be generating enough Revenue to sustain us."
Don, " full operation we're we're kind of in a phase approach right now we should be producing more black powder to send out by the end of this month and we're working on more of this modular type approach um full full-blown operations back to the 5,000 pound uh per day scale it's going to take some time to purchase that equipment but we are going to be able to run we're going to be able to leech feed stock we're going to be able to um produce powder that we can sell 27:29 and and generate revenue on over the next few months thank you Bob."
Bob Fair, "the wearing effect is is really occurring during the first phase of our operation the leeching step that we talked about earlier so although that particular um equipment is pretty standard in the refining industry uh for this acid based chemistry um it's not ideal for our leeching step if the feed stock is causing too much wear in those reactors as far as the re the rest of the operation um we can do the rest of the steps of our operation with equipment we already have in house and other modifications so we're we're sourcing alternate type uh reactor systems to do the leeching step that will hold up uh longer over time."
more questions for Bob Fair,"relation to module one uh presumably as you advance this and get it to where you all want it to be and and continuous production." "It should set you up for the future uh as it relates to Future modules and future plans so this question here well the current issues uh affect the ability to expand now the current issues are just working through this particular piece of equipment. " "There's definitely alternate equipment out there that we can use long term and so we'll we'll make sure we're sourcing correct equipment uh we'll develop our pretty much uh blueprint uh for future operations the the correct batch sizes the proper sizing of that equipment and then we'll just be able to build you know the future modules based on that that blueprint."
Bob, "you need to as you're scaling up you need to understand your pump flows your flow rates your heating time um the right equipment that's going to sustain that wear and tear so we we have the plans in place uh to to purchase just all that equipment and get the right pieces in place but yes um anytime you're going from Lab scale through the P pilot scale to full operation scale you're going to have some of those growing Paints the goal is that we get all those pieces right we understand it
all throughout this process so that all long-term growth is sustained."
Don,"we have ndas with various groups in those different supply chain pieces that we're
working together with to build long-term relationships part of what the ndas are is that they
are wanting to ensure that we are operationally uh consistent and ready before they're ready to commit to to signing any agreements with us so it's not a Magic Bullet on different production pieces it's all a continuous relationship it's a building of the trust it's a building of what the commercial relationship is going to be and so we're entered into these ndas with these groups to build our future supply chain Network>"
https://www.youtube.com/watch?v=p5278HQsgcg