EDMONTON, Alberta, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Corporation" or "Regenx") (CSE: RGX) (OTCQB: RGXT) (FSE: YRS WKN: A2DSW3) is providing this bi-weekly update on the status of the management cease trade order granted on July 30, 2025, by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 -‎‎ Management Cease Trade Orders (“NP 12-203”), following the Corporation’s announcement on July 24, 2025 ‎‎(the “Announcement”) that it was unable to file ...

EDMONTON, Alberta, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Corporation" or "Regenx") (CSE: RGX) (OTCQB: RGXT) (FSE: YRS WKN: A2DSW3) is providing this bi-weekly update on the status of the application to the Alberta Securities Commission for a management cease trade order, under National Policy 12-203 -‎‎ Management Cease Trade Orders (“NP 12-203”), following the Corporation’s announcement on July 24, 2025 ‎‎(the “Announcement”) that it will be unable to file its audited annual financial ...

Core Viewpoint - Regenx Tech Corp. is facing delays in filing its annual financial statements due to payment issues with its auditor, which has led to the need for a management cease trade order application to the Alberta Securities Commission [1][2][3] Group 1: Filing Delays - The Corporation will not meet the July 29, 2025 deadline for its Annual Filings due to delays in auditor payment [1] - Regenx expects to file the Annual Filings by September 29, 2025, and will issue a news release upon completion [3] - The delay in filing is attributed to the inability to pay the auditor, which has hindered the completion of the audit [1][3] Group 2: Management Cease Trade Order - In response to the filing delay, the Corporation has applied for a management cease trade order (MCTO) to prevent management from trading securities until the filings are completed [2] - The Alberta Securities Commission has not yet made a decision on the MCTO application, which could lead to an issuer cease trade order if filings are not timely [2] Group 3: Compliance and Reporting - Until the Annual Filings are submitted, the Corporation will adhere to alternative information guidelines, including bi-weekly default status reports [3] - Management and insiders are subject to an insider trading blackout policy during this period [4] Group 4: Company Overview - Regenx Tech is a cleantech company focused on recycling end-of-life diesel catalytic converters using proprietary technology to recover precious metals [5]

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].

Core Insights - Regenx Tech Corp. is currently facing delays in restarting operations at its new facility in Newport, Tennessee due to pending Air Pollution Control Construction permit from the Tennessee Department of Environment and Conservation [1][2] - The company has made significant efforts to expedite the permit process, including engaging with local and state politicians, but has not yet succeeded in reducing the timeline [2][3] - The CEO expressed disappointment over the delay but remains optimistic about commencing operations promptly once the permit is granted [3] Operational Updates - The redesign of the process flow at the new facility has led to reduced labor requirements and increased operational efficiency, with an initial capacity of 4,000 lbs of milled feedstock per day [4] - Adjustments to the base chemistry used in the recycling process have been made, providing both financial and operational advantages, and these changes have been incorporated into the facility's redesign [5] - The company is preparing for future expansion by making provisions during utility upgrades and relocations at the new site [4] Funding and Government Support - Regenx has submitted a grant proposal to the US Department of Energy for funding assistance, which could significantly accelerate growth plans without diluting equity [6] - The grant proposal aligns with government initiatives to boost domestic production of critical materials, such as platinum and palladium, and is supported by high-level political engagement [7] Future Outlook - The company plans to provide further updates regarding the restart of operations in the near future [8]