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Mineworx Technologies Ltd ( (TSE:RGX) ) just unveiled an announcement.
Regenx Tech Corp., a cleantech urban mining specialist focused on recovering platinum and palladium from end-of-life diesel catalytic converters, has secured a non-brokered, unsecured debenture financing totalling $230,833. The debentures carry an annual interest rate of 25%, are redeemable by the company on 10 days’ notice, and the proceeds are earmarked to support ongoing operations and general working capital, underscoring Regenx’s need for liquidity as it advances its recycling technology and business activities.
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 metals recovery segment, targeting the growing demand for low-impact recycling of critical materials used in emissions control systems.
Technical Sentiment Signal: Sell
Current Market Cap: C$11.88M
See more insights into RGX stock on TipRanks’ Stock Analysis page.