Regenx Tech Corp. Provides Production Update and Announces Upcoming Corporate Webinar on September 11, 2024
Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF) has provided a production update for its Greeneville, TN facility and announced an upcoming Corporate Webinar on September 11, 2024. The company successfully processed over 32,000 lbs of diesel catalytic converter feedstock, with a portion containing more than 30 oz of precious metal shipped to Heraeus for final refining. However, during maintenance, technicians discovered unusual wear in the reactors, leading to a temporary halt in operations. Regenx is working on implementing a solution and will provide additional information during the webinar. The company focuses on developing environmentally friendly processing technologies for recovering precious metals, particularly platinum and palladium from diesel catalytic converters.
Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF) ha fornito un aggiornamento sulla produzione per il suo stabilimento di Greeneville, TN, e ha annunciato un prossimo Webinar Aziendale che si terrà l'11 settembre 2024. L'azienda ha elaborato con successo oltre 32.000 libbre di materie prime per converter catalitici diesel, con una parte che conteneva più di 30 once di metallo prezioso spedita a Heraeus per la raffinazione finale. Tuttavia, durante la manutenzione, i tecnici hanno scoperto usura anomala nei reattori, portando a una sospensione temporanea delle operazioni. Regenx sta lavorando per implementare una soluzione e fornirà ulteriori informazioni durante il webinar. L'azienda si concentra sullo sviluppo di tecnologie di processo ecocompatibili per il recupero di metalli preziosi, in particolare platino e palladio dai convertitori catalitici diesel.
Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF) ha proporcionado una actualización de producción para su instalación en Greeneville, TN, y ha anunciado un próximo Webinar Corporativo que se llevará a cabo el 11 de septiembre de 2024. La empresa ha procesado con éxito más de 32,000 libras de materia prima para convertidores catalíticos diésel, con una parte que contenía más de 30 onzas de metal precioso enviado a Heraeus para su refinación final. Sin embargo, durante el mantenimiento, los técnicos descubrieron desgaste inusual en los reactores, lo que llevó a una suspensión temporal de las operaciones. Regenx está trabajando en implementar una solución y proporcionará información adicional durante el webinar. La empresa se centra en desarrollar tecnologías de procesamiento respetuosas con el medio ambiente para recuperar metales preciosos, en particular platino y paladio de los convertidores catalíticos diésel.
Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF)는 차세대 시설인 그린빌, TN의 생산 업데이트를 제공하고 2024년 9월 11일에 예정된 기업 웨비나를 발표했습니다. 이 회사는 32,000파운드 이상의 디젤 촉매 변환기 원료를 성공적으로 처리했으며, 일부는 30온스 이상 귀금속을 포함하여 Heraeus로 배송되었습니다. 하지만 유지보수 중에 기술자들이 반응기에서의 비정상적인 마모를 발견하였고, 이로 인해 운영이 일시 중단되었습니다. Regenx는 솔루션을 구현하기 위해 노력하고 있으며, 웨비나에서 추가 정보를 제공할 예정입니다. 이 회사는 디젤 촉매 변환기에서 플래티넘과 팔라듐을 회수하기 위한 친환경 처리 기술 개발에 주력하고 있습니다.
Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF) a fourni une mise à jour de production pour son installation de Greeneville, TN, et a annoncé un prochain webinaire d'entreprise le 11 septembre 2024. L'entreprise a réussi à traiter plus de 32 000 livres de matières premières pour convertisseurs catalytiques diesel, une partie contenant plus de 30 onces de métal précieux expédiée à Heraeus pour un affinage final. Cependant, lors de la maintenance, les techniciens ont découvert une usure inhabituelle dans les réacteurs, ce qui a entraîné un arrêt temporaire des opérations. Regenx travaille à la mise en œuvre d'une solution et fournira des informations complémentaires lors du webinaire. L'entreprise met l'accent sur le développement de technologies de traitement respectueuses de l'environnement pour la récupération de métaux précieux, en particulier le platine et le palladium à partir des convertisseurs catalytiques diesel.
Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF) hat ein Produktionsupdate für sein Werk in Greeneville, TN veröffentlicht und ein bevorstehendes Unternehmenswebinar am 11. September 2024 angekündigt. Das Unternehmen hat erfolgreich über 32.000 Pfund an Rohstoffen für Diesel-Katalysatoren verarbeitet, wobei ein Teil mehr als 30 Unzen Edelmetall enthielt, das zur endgültigen Raffination an Heraeus versandt wurde. Bei Wartungsarbeiten entdeckten Techniker jedoch ungewöhnlichen Verschleiß in den Reaktoren, was zu einem vorübergehenden Stopp der Betriebstätigkeit führte. Regenx arbeitet an der Umsetzung einer Lösung und wird während des Webinars weitere Informationen bereitstellen. Das Unternehmen konzentriert sich auf die Entwicklung umweltfreundlicher Verarbeitungstechnologien zur Rückgewinnung von Edelmetallen, insbesondere Platin und Palladium aus Diesel-Katalysatoren.
- Processed over 32,000 lbs of diesel catalytic converter feedstock
- Shipped materials containing more than 30 oz of precious metal for final refining
- Revenues from processed materials to be reflected in Q3 financial reporting
- Developed a solution to address reactor wear issue
- Unusual wear discovered in reactors during maintenance
- Operations temporarily halted due to safety concerns
- Production ramp-up to design capacity delayed
EDMONTON, Alberta, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (TSXV: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) announces a production update at its Greeneville, TN facility, addressing recent challenges and outlining plans for resolution. The Company will host a Corporate Webinar on September 11, 2024, to provide additional details.
Production Update
Following the successful rights offering last June, Regenx began ramping up production to meet design capacity at its facility in Greeneville, TN. The Company successfully processed over 32,000 lbs of diesel catalytic converter feedstock and a portion of the processed materials, containing more than 30 oz of precious metal, was shipped to Heraeus for final refining. These revenues will be reflected in the Company’s third quarter financial reporting.
During routine preventative maintenance procedures, technicians discovered unusual wear in the reactors. Upon examination by manufacturer technicians, it was determined that the wear was too excessive to repair or continue to operate within safety protocols. This issue only became apparent when the reactors were utilized at increased capacity levels.
Regenx’s technical and operational teams in conjunction with equipment manufacturers have been working diligently to address this challenge and have developed a solution that is currently being implemented. These plans include procedures to prevent similar issues in the future.
Upcoming Corporate Webinar
Regenx will provide additional information on its plans and the timeline for resuming full operations as part of a Corporate Webinar to be held on Wednesday, September 11, 2024, at 11am ET. Regenx invites all shareholders and other interested parties to register for the webinar at the link below. If you have questions that you would like management to address on the webinar, please submit them in the registration form for review and consideration.
Date: Wednesday, September 11th, 2024
Time: 11am ET
Register Here
About Regenx
Regenx Tech Corp. (TSXV: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) 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 operations in the United States. For further information visit: 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
What caused the production halt at Regenx Tech Corp's Greeneville facility?
How much diesel catalytic converter feedstock did Regenx Tech Corp (RGXTF) process before the production halt?
When will Regenx Tech Corp (RGXTF) hold a Corporate Webinar to discuss the production update?
What precious metals does Regenx Tech Corp (RGXTF) focus on extracting from diesel catalytic converters?
