Regenx Begins Commercial Production

Rhea-AI Summary

Regenx Tech Corp achieves milestone in development of commercial plant, ready to ramp up production to full capacity

Positive

• Successful installation of larger gas line and permit approval signifies readiness to transition to commercial production
• Strong government and community support in Greeneville, Tennessee
• Constructed and commissioned Module One of the Commercial Plant
• Signed NDA with large industry player
• Agreement with large refiner as initial customer for black powder concentrate
• Commence commercial production with scale up to 2.5 tonne/day output

Negative

• None.

EDMONTON, Alberta, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the “Company” or “Regenx”) (CSE: RGX) (OTCQB:RGXTF) (FSE:YRS WKN:A2DSW3) is excited to announce it has achieved a significant milestone in the development of their first commercial plant located in Greeneville Tennessee. The final step has been the successful installation of a larger gas line and permit approval. This achievement is an important step forward for the company as it signifies the corporation's readiness to transition from the commissioning phase to ramping up commercial production to full capacity. The completion of Module One has paved the way towards environmental impact and economic opportunity.

“With the successful installation of the larger gas line, we are now poised to harness the full potential of our groundbreaking clean technology. This accomplishment reaffirms our commitment to advancing innovation and reinforces our position as a pioneering force in the industry.” stated Greg Pendura, CEO of Regenx Tech Corp.

“As we prepare to ramp up production to full capacity, it is essential to acknowledge the significant achievements and hard work of our entire team since the completion of pilot plant protocols. These accomplishments reflect our dedication to growth, sustainability and making a positive impact on the industry and our community. The team has been able to achieve incredible results in what the industry would consider an extremely short timeline. Some of these key milestones include”:

• Listed on CSE Exchange as a Technology Issuer: Enhancing our visibility and access to capital markets.
• Secured Production Facility Location: In Greeneville, Tennessee and completed the required upgrades needed for it to meet production and environmental standards.
• Strong Government and Community Support: Upon our announcement of locating to Greeneville the company received unwavering support from local government bodies and the community. This support was further reinforced by our commitment to being a responsible corporate citizen.
  Constructed and Commissioned Module One of the Commercial Plant: With the assistance of dedicated contractors the company was able to design and fabricate a first of its kind commercial scale processing system. In addition, hired and trained the necessary operational and support staff for commercial production and designed policy and procedures to allow for the safe, efficient operation of the system.
  
• Featured by BNN on National Television: Received national recognition when featured on BNN, a testament to the significance of our accomplishments.
  
• Industry Peers Show Strong Interest: Regenx innovative technology has garnered significant interest from industry peers, highlighting the potential for transformative change within the sector. Excellent response to corporate presentation at IPMI (International Precious Metal Institute) Conference in Scottsdale in June.
  Signed NDA with Large Industry Player: Entered into a Non-Disclosure Agreement with a major industry player, highlighting the recognition of our technology's economic potential.
• Customer for Black Powder: Agreement with a large refiner who will be the initial customer for the concentrate (black powder) that Module One produces for present and future production outputs.
• Production of “Black Powder”: The company was able to produce a commercially viable very high grade concentrate during the commissioning process.
• Commence Commercial Production: Begin scale up to 2.5 tonne/day output.
  

About Regenx Tech Corp

Regenx is positioned for growth in the CleanTech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its business partner Davis Recycling. For further information visit www.regenx.tech

For further information contact:

Regenx Tech Corp. ‎
Greg Pendura
Chief Executive Officer
‎780-800-0726‎
Greg@Regenx.Tech

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.