Regenx Tech Corp. (TSX-V: MWX – OTCQB: MWXRF – FSE:YRS) is a precious metals recovery first mover in the USA with near-term cashflow explains CEO Greg Pendura and President of US Operations Rick Purdy. Regenx has proprietary clean technology which it is employing at its plant in Johnson City, TN to recover platinum and palladium from used diesel catalytic converters (CC). Historically, smelting has been the dominate commercial method to recover Pd and Pt from used CCs. But smelters have a limited capacity, are environmentally hazardous and now refuse to accept diesel CCs due to the processing inefficiencies they create. This opens up a projected US$39.3 billion per year used diesel CC market by 2025.
Regenx is poised to capitalize on the massive opportunity in the used diesel CC market via its processing and supply chain competitive advantages. First, Regenx has, via its proprietary technology, an ability to precipitate Pt and Pd into concentrate and recover about 90% of the metals in an environmentally-friendly manner. Second, Regenx has an exclusive partnership with Davis Recycling which will provide more spent diesel CCs than the company will initially be able to process.
Regenx has just started its pilot plant in Johnson City, TN after proving the effectiveness of its technology in Vancouver. The pilot plant serves to optimize the scaling up to commercial production of eventually 10 tpd. Regenx will begin to procure equipment for the commercial plant this summer and hopes to begin commercial production later this year. First year free cashflow to Regenx should be over US$10mm from its first plant. After the first plant is up and running the company plans to expand its processing capacity at its initial plant and then build and operate multiple plants throughout North America.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.