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ReGen III Announces Receipt of $3.975 Million in Sub-Agreements Related to Convertible Debenture Exchange
Newsfile· 2025-11-17 22:35
Core Insights - ReGen III Corp. has received settlement and exchange agreements totaling $3.975 million related to its Convertible Debenture Exchange, indicating strong support from debenture holders [1][2] - The company aims to commercialize sustainable, re-refined Group III base oils, with a nearly 100% agreement from debenture holders reflecting confidence in its strategic direction [2][4] Financial Developments - The company has successfully secured Sub-Agreements from over 97% of debenture holders, which strengthens its financial position [2] - The CD Exchange is expected to close immediately following final approval from the TSX Venture Exchange [2] Business Strategy - ReGen III is focused on transforming used motor oil into high-value Group II and III base oils, which are essential for high-performance engines and industrial applications [4] - The company’s patented ReGen™ technology is designed to reduce CO₂e emissions by up to 82% compared to virgin crude derived oils [4] Operational Updates - The company has completed FEL2 and value engineering for its proposed 5,600 bpd flagship facility in Texas City, Texas, positioning itself to meet rising demand for higher-quality, circular base oils [5] - ReGen III is exploring opportunities to deploy its technology in other strategic markets beyond Texas City [5] Vision and Market Position - The company aims to become the world's largest producer of sustainable, re-refined Group III base oils, setting a new standard for performance and responsibility in the lubricants market [6]
ReGen III Provides Management Update
Newsfile· 2025-10-22 21:01
Core Insights - ReGen III Corp. has appointed Kirk McNamara as Chief Commercial Officer, who has been pivotal in driving the company's initiatives since joining as a consultant in March 2025 [1][2] - The company aims to become the world's largest producer of sustainable, re-refined Group III base oils, leveraging its patented ReGen™ technology to transform used motor oil into high-quality base oils [3][5] - ReGen III's process is designed to deliver up to 82% lower CO₂e emissions compared to virgin crude derived oils, aligning with the growing global demand for sustainable solutions [3][4] Company Developments - Kirk McNamara has been granted 625,000 stock options at a price of $0.19 per option, valid for five years, with performance milestones required for exercisability [3][8] - The company has completed FEL2 and value engineering for its flagship facility in Texas City, Texas, which is designed to produce 5,600 barrels per day (bpd) of high-quality, circular base oils [4] - ReGen III is exploring opportunities to deploy its patented technology in other strategic markets beyond Texas City [4] Market Positioning - The company is positioned to meet the rising demand for higher quality, circular base oils, aiming to set a new standard for performance and responsibility in the global lubricants market [5]
ReGen III Provides Quarterly Business Update
Newsfile· 2025-09-03 11:15
Core Insights - ReGen III Corp. is focused on upcycling used motor oil into high-value Group III base oils, emphasizing its commitment to clean technology and sustainability [1][10]. Group 1: Commercial and Strategic Partnerships - The company has intensified its efforts in establishing offtake and strategic partnerships, prioritizing management engagement through in-person meetings and conferences [2][3]. - Upcoming international engagements include participation in key industry conferences, which are expected to enhance partnership opportunities [3]. Group 2: Intellectual Property and Technical Validation - ReGen III has successfully hosted technical meetings, with third-party product testing yielding results that exceeded expectations [4]. - The company holds a robust patent portfolio, including 38 issued patents and additional applications in Europe and Australia, enhancing its competitive position [4]. Group 3: Leadership Enhancements - To support its growth, ReGen III has strengthened its leadership team by appointing Brad Kotush as CFO and adding Liam Gallacher to the Board of Directors [5]. Group 4: Financing Achievements - The company closed a $1.75 million private placement with significant insider participation, indicating strong confidence in its technology and market potential [6]. Group 5: Investor Relations - ReGen III participated in the OTCQB Venture Virtual Investor Conference and plans to launch a new website to improve investor relations and showcase its sustainable technology [7]. Group 6: CEO Commentary - The CEO highlighted a significant acceleration in discussions regarding offtake and strategic investments, expressing optimism for the upcoming quarter [8]. Group 7: Company Vision and Operations - ReGen III aims to become the largest producer of sustainable, re-refined Group III base oils, with a focus on reducing CO₂e emissions by up to 82% compared to virgin crude oils [10]. - The company is advancing its flagship facility in Texas City, Texas, and exploring additional markets for its patented technology [11][12].
ReGen III Appoints Accomplished Executive as Chief Financial Officer to Drive Next Phase of Growth
Newsfile· 2025-08-05 21:47
Core Viewpoint - ReGen III Corp. has appointed Brad Kotush as Chief Financial Officer to drive the company's next phase of growth in the clean technology sector, specifically in upcycling used motor oil into high-value base oils [1][5][6]. Company Overview - ReGen III Corp. specializes in transforming used motor oil (UMO) into premium Group II and III base oils, utilizing patented ReGen™ technology [13][14]. - The company's process is designed to achieve up to 82% lower CO₂e emissions compared to virgin crude-derived oils, promoting sustainability in the lubricants market [13]. Leadership Transition - Brad Kotush brings over 17 years of experience as a CFO, having previously served at Home Capital Group Inc. and Canaccord Genuity Group Inc., where he significantly contributed to capital market growth and strategic acquisitions [2][3][4]. - Rick Low has stepped down as CFO but will remain in an advisory role for six months to ensure a smooth transition [11]. - Mark Redcliffe will also step away as EVP and Chief Strategy Officer, continuing to support the company in a consulting capacity [12]. Strategic Goals - ReGen III aims to become the world's largest producer of sustainable, re-refined Group III base oils, setting new standards for performance and responsibility in the lubricants market [15]. - The company is evaluating opportunities to deploy its patented technology across various strategic markets, in addition to its flagship facility in Texas City, Texas, which is designed to process 5,600 barrels per day [14].