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Mineworx Technologies Ltd ( (TSE:RGX) ) has shared an announcement.
Regenx Tech Corp., a cleantech urban miner specializing in the recovery of platinum and palladium from end-of-life diesel catalytic converters, has secured $352,834 in unsecured, non-brokered debenture financing. The debentures, which carry a high annual interest rate of 25% and are redeemable by the company on 10 days’ notice, are earmarked to support operations and general working capital, underscoring Regenx’s need for near-term funding as it advances its recycling technology and ongoing business activities.
More about Mineworx Technologies Ltd
Regenx Tech Corp. is a cleantech urban mining company focused on recycling 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.