Base Oils Recycling
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ReGen III to Present at the OTCQB Venture Virtual Investor Conference August 7, 2025
GlobeNewswire News Room· 2025-08-01 12:35
Core Insights - ReGen III Corp. is a clean technology company focused on upcycling used motor oil into high-value Group III base oils, which are essential for modern synthetic lubricants [4][5] - The company aims to reduce CO2e emissions by 82% compared to virgin crude derived base oils [4] - ReGen III has completed FEL2 and value engineering for its 5,600 bpd UMO recycling facility in Texas, positioning itself to become the largest producer of sustainable re-refined Group III base oil [5][9] Recent Developments - CEO Tony Weatherill will present at the OTCQB Venture Virtual Investor Conference on August 7, 2025, allowing real-time interaction with investors [1][2] - The company recently completed a $1.75 million private placement with 38.6% insider participation, indicating strong confidence in its technology and market position [9] - ReGen III is advancing commercial agreements and strategic alliances with major industry participants, enhancing its growth potential [9]
ReGen III Closes $1.75 Million Private Placement
Newsfile· 2025-07-14 04:01
Core Points - ReGen III Corp. has successfully closed a non-brokered private placement, issuing 8,750,000 Units at a price of $0.20 per Unit, resulting in gross proceeds of $1,750,000 [1][2] Group 1: Private Placement Details - Each Unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at an exercise price of $0.45 for two years [2] - Insiders purchased 3,380,000 Units, representing 38.63% of the total Units issued, which translates to approximately 2.51% of the issued common shares post-placement [4] - The net proceeds from the offering are intended for general corporate purposes and working capital, with the offering subject to final approval from the Exchange [3] Group 2: Debt Settlement and Corporate Strategy - The Company has received approval to settle certain debts by issuing 221,972 common shares at a deemed price of $0.2034 per share, with a hold period until November 12, 2025 [10] - The CEO expressed gratitude to shareholders and highlighted the strong insider participation as a sign of confidence in the Company's technology and market potential [6] Group 3: Company Overview and Future Plans - ReGen III specializes in upcycling used motor oil into high-value Group III base oils, aiming to reduce CO2e emissions by 82% compared to virgin crude-derived base oils [11] - The Company has completed FEL2 and value engineering for its Texas recycling facility, positioning itself to become the largest producer of sustainable re-refined Group III base oil [12] - ReGen III has engaged Couloir Capital Ltd. for investor-focused equity research coverage, paying a one-time fee of $45,000 for three reports [7]