Regenx Launches Revenue Phase

Rhea-AI Summary

Regenx Tech Corp. announces the first shipment of black powder concentrate from its Tennessee facility, marking the start of revenue generation. The company produced 1 kg of material during the ramp-up phase, with the option to sell the 99.9% pure precious metal to a refiner or in alternative marketplaces. This milestone signifies a significant step in corporate development.

EDMONTON, Alberta, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN:A2DSW3) announces the first shipment of its black powder concentrate to a refiner from its Greeneville, Tennessee facility. The initial shipment was approximately 1 kg of material that was produced during the ramp-up phase of the operations during which time the facility had been processing low grade feedstock. After the black powder concentrate is processed, Regenx has the option of having the refiner purchase the 99.9% pure precious metal or keep it for sale in alternative marketplaces. This shipment marks the beginning of the revenue-generating stage of the Company.

Rick Purdy, President of USA Operations stated, “This achievement marks a pivotal moment for the Company as it strides into the next phase of corporate development. This inaugural delivery represents the start of revenue generation for Regenx and is just the beginning as we continue to increase the amount of feedstock we will be processing. I extend my sincere gratitude to our operations and laboratory teams whose unwavering dedication and hard work have been instrumental in reaching this very important milestone.”

About Regenx Tech Corp

Regenx is positioned for growth in the Clean Tech 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
CEO 780-800-0726
investors@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.

FAQ

What did Regenx Tech Corp. announce regarding its black powder concentrate?

Regenx Tech Corp. announced the first shipment of its black powder concentrate from its Greeneville, Tennessee facility.

How much material was produced during the ramp-up phase?

Approximately 1 kg of material was produced during the ramp-up phase of operations.

What options does Regenx have after processing the black powder concentrate?

Regenx has the option of having the refiner purchase the 99.9% pure precious metal or keeping it for sale in alternative marketplaces.

Who stated that this achievement marks a pivotal moment for the Company?

Rick Purdy, President of USA Operations, stated that this achievement marks a pivotal moment for the Company.

What does this shipment signify for Regenx?

This shipment marks the beginning of the revenue-generating stage for the Company.