Getting your Trinity Audio player ready...
On Tuesday, April 18 Regenx Tech Corp (TSX.V: RGX) (OTCQB:RGXTF) was in focus after it sent out an update meant for its shareholders and the wider market. The company noted in its update that not too long ago it had announced the opening of its first facility in Greeneville, Tennessee.
The company is involved in providing a unique process that helps in the extraction of precious metals from end-of-life products with a form of technology that is environmentally safe. One of the things that is necessary to keep in mind is that precious metals remain a finite resource and recycling and recovery could eventually prove to be significantly important for the environment.
Each of precious metal that is recycled and recovered would be meant lesser dependence on the discovery, mining, and processing of metals from traditional mines. At this point in time, sustainability is one of the more important concerns for both policymakers and companies due to the significant environmental issues which affect the planet.
Hence, at a global level, the circular economy is becoming more and more important and in this regard, it should be noted that Regenx Tech Corp is a company that is at the forefront of the circular economy.
The very first initiative that the company went for is the recovery of precious metals like palladium and platinum from catalytic diesel converters. The highly innovative and revolutionary process from the company would help it in recovering and recycling more than 90% of the precious metals which may be found in these converters. More importantly, Regenx would make the recovery in a way that is going to be environmentally responsible.
Hence, the press release that was sent out yesterday by the company was important. It provided potential and existing investors with the reason why the company was accomplishing highly critical work.