Regenx Receives Funding Support to Advance Proprietary Technology

Rhea-AI Summary

Regenx Tech Corp (CSE: RGX, OTCQB: RGXTF) has secured up to $50,000 in funding and advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The funding will support research and development efforts to advance the company's proprietary technology for extracting precious metals from end-of-life catalytic converters. The research is being conducted by Regenx's scientific team in the Vancouver, BC area. CEO Don Weatherbee expressed gratitude to the NRC IRAP team and their industrial technology advisor for their guidance throughout the process.

Positive

• Secured government funding of up to $50,000 for R&D
• Received advisory services from NRC IRAP for technology development
• Advancing proprietary technology for precious metals extraction

Negative

• Relatively small funding amount for R&D in the mining technology sector

EDMONTON, Alberta, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp. (“Regenx” or the “Company”) (CSE: RGX) (OTCQB: RGXTF) is pleased to announce that it is receiving advisory services and funding of up to $50,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) supporting a research and development project to continue the advancement of Regenx’s proprietary technology that extracts precious metals from end-of-life catalytic converters. The research is being conducted by Regenx’s scientific team based in the Vancouver, BC area.

“We thank the NRC IRAP team, including their industrial technology advisor (ITA), for actively advising and giving valuable guidance through the whole process. We believe this support will benefit our company, our stakeholders and for the economy of Canada,” stated Regenx’s CEO, Don Weatherbee.

About Regenx Tech Corp.

Regenx Tech is a cleantech, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium. Learn more at www.regenx.tech.

For further information contact:

REGENX TECH CORP. ‎
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

How much funding did Regenx (RGXTF) receive from NRC IRAP in January 2025?

Regenx received funding support of up to $50,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

What is the purpose of Regenx's (RGXTF) NRC IRAP funding?

The funding supports research and development to advance Regenx's proprietary technology for extracting precious metals from end-of-life catalytic converters.

Where is Regenx (RGXTF) conducting its research for catalytic converter recycling?

Regenx is conducting its research through its scientific team based in the Vancouver, BC area.

What technology is Regenx (RGXTF) developing with the NRC IRAP funding?

Regenx is developing proprietary technology focused on extracting precious metals from end-of-life catalytic converters.