Sustainable recovery of critical minerals

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Regenx Tech Corp Provides Operations Update
Globenewswireยท 2025-07-03 11:00
Core Viewpoint - Regenx Tech Corp. is progressing towards restarting operations at its new facility in Newport, Tennessee, having secured necessary permits and received a favorable response from the U.S. Department of Energy regarding funding for its critical minerals recovery proposal [1][4]. Permit Application - All necessary permits for the Newport facility were granted on July 2, 2025, allowing construction completion and material processing to commence, marking a significant milestone [2]. - The permit application was submitted on December 18, 2024, and involved collaboration with regulatory agencies and local authorities [2]. Operational Plans - The company aims to complete plant construction and begin processing material by the end of July 2025, with a goal of reaching a processing rate of 4,000 pounds of milled feedstock per day as it moves towards full capacity [3]. Department of Energy Proposal - Regenx received a favorable initial response from the U.S. Department of Energy regarding its proposal for the domestic recovery of critical minerals from end-of-life catalytic converters, submitted on April 24, 2025 [4]. - The DOE has requested additional details to further assess the company's eligibility for the requested government funding [5]. Strategic Importance - The CEO of Regenx emphasized the opportunity to contribute to securing critical mineral supply chains, which are vital to national interests, and expressed eagerness to expand on the initial proposal [6]. Company Overview - Regenx Tech is a cleantech, urban mining company focused on recycling end-of-life diesel catalytic converters using innovative and environmentally friendly technology for recovering precious metals like platinum and palladium [6].