RegenX delays annual report, says it is nearing facility restart

Canada-based Regenx Tech Corp., which is setting up an end-of-life diesel catalytic converter facility in Tennessee, has announced it will not meet a financial report filing deadline as “a result of a delay in the payment to the auditor of Regenx.”

The company, whose prior fiscal year ended this March 31, has a stock exchange-related filing deadline of this July 29 for that year’s annual report that it will not be able to meet.

“Regenx intends to secure a non-convertible short-term unsecured loan to pay the outstanding amount to the auditor in the next 30 days,” states the company in a July 24 announcement.

The company further says it continues to “work to complete the corporation's annual financial statements, and expects to file the annual filings by Sept. 29, 2025, and will issue a news release once the annual filings have been filed.”

On the same day it issued the filing delay notice, Regenx also released an operational update on the commissioning of its facility in Newport, Tennessee.

“The company has successfully completed water testing, a key phase in the restart process that confirms full system integration with the newly installed air purification system,” states the firm, calling it a critical step that was made possible following the receipt of final air permits from the state of Tennessee.

“We are thrilled to reach this stage,” says Rick Purdy, president of Regenx USA. “The successful water test validates the extensive process enhancements we've implemented and marks a major step forward in our restart strategy. Our teams have worked tirelessly to get us here, and momentum continues to build.”

Regenx says it now is conducting a “full system” test with chemistry, including equipment calibration and optimization that “represents the final protocol in the commissioning process and will pave the way for commercial production to resume.”