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Mineworx Technologies Ltd ( (TSE:RGX) ) has provided an update.
Regenx Tech Corp. has resolved all outstanding legal disputes with EnviroMetal Technologies Inc. and related parties after the Supreme Court of British Columbia approved a Consent and Dismissal Order. The settlement covers a civil claim, a counterclaim, and prior arbitration tied to historical agreements, including a joint venture, with no admission of liability or compensation by either side.
The comprehensive Release and Settlement Agreement brings an end to years of litigation between the two cleantech players and removes a notable source of uncertainty for Regenx. With these matters concluded, the company says it can now fully concentrate on advancing its core operations in catalytic converter recycling and pursuing strategic initiatives in the urban mining sector.
More about Mineworx Technologies Ltd
Regenx Tech Corp. is a cleantech urban mining company that recycles end-of-life diesel catalytic converters using proprietary, environmentally friendly technology to recover precious metals such as platinum and palladium. The company operates in the sustainable resource recovery segment, targeting value from automotive waste streams while aiming to minimize environmental impact.
Technical Sentiment Signal: Sell
Current Market Cap: C$11.88M
Find detailed analytics on RGX stock on TipRanks’ Stock Analysis page.