Regenx Opens Its First CleanTech Facility in Tennessee RecoveringPrecious Metals from End of Life Products
EDMONTON, Alberta, April 11, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the “Corporation” orRegenx”) (TSXV: RGX) (OTCQB: RGXTF) (FSE: YRS: A2DSW3) is pleased to announce that last week theCompany received the occupancy permit for its first facility in Greeneville, Tennessee. This permit allowed thecommissioning of Module 1 to begin. The commissioning process includes the testing of all the components andwill start with processing smaller batches and gradually scaling up the technology in stages to 100% of itsexpected capacity of 2.5 tonnes per day. It is projected the commissioning phase will take up to 90 days tocomplete and reach full capacity.
Regenx’s CleanTech solution uses a proprietary chemical and processing technology which offers a sustainablealternative to current smelter options for the recovery of platinum and palladium from recycled diesel catalyticconverters. Regenx CEO, Greg Pendura, stated, “What we’ve created is a technology that encompassesmodern, urban mining, while promoting sustainability within a circular economy. We are excited about completingour commissioning phase and expanding into a four Module facility.”
Jeffrey Taylor, President & CEO of Greene County Partnership, the economic development arm of the County ofGreeneville stated, “After having the chance to tour the Regenx facility and meet with their senior managementI’m impressed and excited about the prospects of this operation. Both the city of Greeneville and the State ofTennessee have been partnering with Regenx to provide support and assistance in the growth of the company.Regenx’s clean technology fits with the type of development the County of Greeneville is trying to encourage to locate in the area.”
About Regenx
Regenx is positioned for growth in the tech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial market 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy of this release.
For further information contact:
REGENX TECH CORP.Greg Pendura
Chief Executive Officer780-800-0726Greg@Regenx.Tech
