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The latest announcement is out from Mineworx Technologies Ltd ( (TSE:RGX) ).
Regenx Tech Corp. has provided an update on its expanded audit process, an extension of its debentures, and operational changes at its Newport, Tennessee facility. The company reported that its ongoing audit has grown significantly in scope due to first-time audits of multiple subsidiaries and legacy assets, re-verification of prior-year balances, and reassessment of complex IFRS accounting policies, leading to delays and a cease trade order, though management stressed there are no undisclosed issues expected to materially change stakeholders’ understanding of its financial position. Regenx also secured a one-year extension of debentures maturing in January 2026 to January 31, 2027, preserving existing terms and signalling continued support from debenture holders, while confirming the conclusion of consultant Bob Fair’s formal engagement after his role in commissioning the Newport processing facility, with the current operations team said to be well-positioned to continue running the plant.
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.
Technical Sentiment Signal: Sell
Current Market Cap: C$11.88M
See more insights into RGX stock on TipRanks’ Stock Analysis page.