If the operation runs us the officially guess, we believe it's going to be
it's going to be a money machine. They had the beauty of what we
have here. It's easily duplicatable. Additional modules, additional plans are the replication
factors very brasome. They'll be minor adjustments to Module two, which we've learned
from bringing Module one up. But from that that point forward, Modules three
and on will be basically a duplication. The Financial Survival Network now more than
ever, the Financial Survival Network. And welcome. This is Financial Survival Network.
I'm your host. Carry loves Well. We've got an important sponsor update
from regen x Tech Corp. I've got the CEO on with us and the
USA president. CEO Greg Pandura is with US and USA President Rick Perty and
we wanted to get a status update commissioning of the plant. If you're not
familiar with the plant, it takes basically waste material we're talking diesel catalytic converters
and separates out the precious metals from them in what could be an amazingly successful
business once it gets going. Platinum, palladium and also rhodium. Rodium's taking
a big hit and price recently. I don't know what that's about, but
Greg a plant is being commissioned. That's kind of an interesting term. What
exactly is involved in commissioning a plant like this, well, commission I'll let
Rick Rick speak to that maybe, But basically what we're doing here carry is
that once the equipments installed, we have to basically look at it from station
station perspective to make sure that each component is operational. All the holes as
valves or whatever as you go one station to the next is working as it
should work. And you go through various testigious prior to rieting any materials through.
You eventually end up running it through with water and from that point you
start to do your feedstock. And but maybe Rick you can address on a
little more detail, and yeah, Rick, your your boots on the ground
there in Tennessee where the plant is. It's I guess commissioning really is a
ramp up process. Do I have that right? Yeah? Yeah. Once
we got all of our equipment all set up, what we do when we
hook it up is we got to test all the pumps, the electrical in
every piece of equipment so that satisfactory and it's doing what it should be for
efficiency. So that's really what it is. You run air tests, you
do water tests, you do solid material tests, and then you do actual
feedstock in the system. So that's what we're doing over the next short period
to commission the plant. Right, So you've got to make sure that everything's
talking to each other and playing nice and the computers are talking. I assume
you have multiple processors and they all have to talk to the main processessor and
let them know what's going on here. Any particular challenges here, Rick,
or is it pretty much run of the bill, no pun intended stuff,
you know, Kerry, It's interesting. I've been doing some thinking on how
we've got to remind ourselves that no one's ever done this before, you know,
And I remind myself quite often because there's always things that come up because
it's it's new. It's a new technology, new process, new system.
So the things that we've we've actually overcome here as of the last couple weeks
of the commissioning is we replaced a couple minor components to get the system more
efficient and heat up for our reactors, for example, at a timely manner.
And that was one one area that we've already sounded, we've sound to
fix and got got it all ready and fixed up. So that's just just
an idea of each step that we go through, we nay run into something
that we got a tweak tune or replace. And so far, so good,
it's been going really really well. We're very happy. It's still this
is still a clean tech operation. Nothing that's got undergone in the commissioning process
so far, it's only enhanced the clean tech aspect of this. Correct,
No, absolutely, it's it's totally clean check. Our operation is going to
really actually be a net net zero environmental footprint JET. I think we alluded
before the fact that JET as we recover the plot blading from from the feedstock,
obviously there's a fair bit of all call a tailings that are not left
over. Even though the material is a dirt, doesn't go into a lad
fail. So if we're doing ten tons a day of material, we're saving
ten tons of material went into a landfield but cut because there are already industrial
uses for that which which they'll find a home for. So basically a zero
environmental footprint. When we talked before, you mentioned three thousand grams per ton,
which if you had a platinum mine that can do that, you own
the world. Literally everything that's progressing here, Rick, greg that's that number
is still realistic. Number is still very realistic. That's what will be achieving.
As you allude to carry their plat in the mind, but we have
our own plat of mind indoors, so we can bind three hundred and sixty
five days of the year. So it's it's it's pretty significant, right,
And there's the permit's involved. There's no taking the miners down to the bowels
of the earth to go blowing up stuff. It's all safe and clean.
Yeah, no, it is. I mean, there's you need permits evolved
for for any manufacturing facility. Drick's been working with people in the state Tennessee
there on the airside, water side, all all the permiting has been approved.
As they said, there will be net zero environmental footprint, and the
state's welcoming this operation. Right. It's not like you want to go open
a mine in an environmentally sensitive area and they say they make you go through
regulatory hoops here. This states really your partner, isn't it, Yeah,
exactly, it is. So they're they're they're very collactive working with us.
The understand the employment implications that as we expand they're really excited about the fact
that it's an environmentally friendly manufacturing facility. Rick can talk to it a bit,
but they're going to put us into the space, if you like,
interested green fund opportunities, which are going to be pretty relevant as we move
forward. Great, So what about the green fund opportunities every state now?
And I think under the various environmental laws that have been passed in critical minerals
in such, every state's basically got a lot a lot of money swilling around
the till, if you will, and looking for opportunities where it can pay
off the most. Yes, that's correct. Yeah, And speaking with all
the state representatives and and you know, to reiterate what Greg said, they
have been very helpful. They're very excited about what we're doing. The state
tendency is really changed to the last couple of years, really focusing on greening
clean technology. You know, they're they're really behind the whole carbon credit concepts
and business, which is a very real business, which you know, that's
another area that we're really going after for the future of calculating and you know,
achieving our carbon credit so that we have you know, another revenue stream
from that as well. We're part of that system, so work with stay
closely on that. The air and water. Reiterating on what Greg said on
that, we were able to achieve our permits very easily on that once we
showed them what we're doing. Again, we just have to explain because it's
it's a new technology, so when you go into dealing with people in the
government, you have to explain what you're doing and help them clearly understand so
they can direct you properly and help you. So we've done a great job
on that over the last six to eight months developing those relationships and yeah,
we're speaking their language. They they're very, very excited about having us in
the area. They want to help us expand there's granting systems such as TVA
that we're involved with and the State of Tennessee to support our company on hiring
people and on the green side, green fund side. So we're just going
to continue going down that road and that path to to get as much as
we can and move the company forward in that area. Great, So Greg,
let's talk production. I know, Rick your boots on the ground,
but give us your outlines for production, your timetable here, Greg, Yeah,
we as Rick was saying there, we anticipate the commissioned process to be
completed by late June earty July. But that period of time, we anticipate
the Module one to be fully checked off on. We had running that it's
expected two and a half tons per day. That obviously will be a milestone
for us because that in itself will put the company into a positive cash position,
which is we're pretty excited about that. The plans after that, obviously
is to as soon as that happens, we will be going down the procurement
stage for modules two, three, and four. We want to make that
Tennessee facility a four module facilitate. Yeah, so we've got some funding plans
in place to achieve that. Basically, if I just touch on that,
a short term requirements will be sort of an operating line if you like,
a small amount which we'll get us through the commissioning phase. It'll get us
into the start of commercial production. Most of the funds will be allocated for
obviously Pete Peach stock. Once in Module one is signed off on, there'll
be a probably approximately a five million US dollar in capex for for moudules twoot,
three and four, which will be based upon basically your your traditional debt
structures. And along with that, we'll have a place an additional ten million
dollars operating line for commercial production and again on your traditional debt concept with a
institutional investor or with the bank. We've got our plans laid out here,
carry we're excited. We're ready to go into commercial production and moving forward and
expanding. So I'm doing some back of the envelope calculations here and they're not
meant to be like definitive, but basically, if you're doing a three thousand
grams per ton two and a half tons per day, uh, that's that's
going to give you, that's going to give you several hundred ounces of platinum
palladium. Do I have that right? Yeah, it's uh, it'll it'll
put as I said, it'll put the company into a blows of cash flow
position, the entire company, not not just the plan and this day and
day and age. If any junior who's conceived blows of cash flow is uh,
I mean that's that's pretty that's pretty significant, right, Yeah. Yeah,
I've got roughly two hundred forty ounces is a day. Platinum has been
going up, it's over eleven hundred dollars now, which is certainly welcome,
and Palladium has been going down. But if the combined the value of the
two is around thirteen hundred. Announced you got you have a money machine here,
basically, Uh, yeah, it is. I mean, if if
you if the operation runs its officially guess we believe it's going to be it's
going to be a money machine. And the and the beauty of what we
have here, it's easily duplicatable. Additional modules. Additional plants are the replication
of factors, very very simple. They'll be minor or justice to Module two,
which we've learned from bringing a module one up. But from that that
point forward, Modules three and on will be basically a duplication. Right,
just to rinse repeat, Rick, give us an idea of employment. How
many people you've got working there now for module one? How many you anticipate
when it's fully operational? Yeah, we have about six. Well, we
have six people right now in Greenville at the facility rating Module one and the
procure or the spread the testing of that system. We are now going to
be doubling that by July we'll be operators and a few more technical jobs and
as we grow that it'll double from there every six months, right, so
doubling. And once Module two three comes on, then we really start to
see the scope and the scalability of this project. Break that the plat will
be processing ten tons of feedstock daily. After the four modules are our place,
we'll have the option to probably we have already because maybe Ricky couldn't allude
to the fact increased our least capacity space already on the expectation of growth in
the factory itself. Yeah, we actually have just extended the amount of leaf
space that we have in Greenville from twenty thousand to thirty thousand a month ago,
and that to uh, you know, accommodate what we what we're going
to have for feedstock and for module two, three and four to be built
out and have enough room for a full operation. So that's exciting, it
really is. And when you have four modules, my back of the back
of the envelope math says a thousand basically a thousand ounces a day. I
mean that will make it to one of the top producing minds in quotes in
the world. Yeah, I mean it's it's pretty it's as we said,
it's pretty significant, Perry, and people are saying, we'll show us well,
but we're at the point now where we can make proof of close up
happened very quickly here. So as we finish our our commissioned period, it
will be updating our people as we're going forward in that role test through that
time. But when they when the commissioning process is its completed and we can
discuss what our efficiencies and recoveries are after that is just simply plugging in the
dots if you want to figure up where we can expand to sure understood,
understood and got to be an exciting time for both of you. I mean,
Rick, you uprated your family, brought them into a strange continent,
strange state that's got to be completely different from where you are, and I
think you're seeing now that it was all worthwhile. Yes, absolutely, No,
it's been exciting for our family. And you know, I was up
for the challenge to move everybody down here and it worked out really well.
And I mean the results are there. I mean, if I take a
look back at what you know, I'm I'm really excited about what we accomplished
the last short period of time. We you know, we got here in
July. We didn't have a building to put in the commercial plant, and
in East Tennessee, there's not a lot of space around here that's newly built
because these prices have a one up for many many years. Somebody's building new
buildings sort of building with it over a twenty foot height ceiling, and that
would actually pass with what our permits would require for green and clean technology.
It was very complicated, so I spent many months driving around, we know,
finding buildings and working with everybody locally, and that's where we came of
the Greenville and we were able to secure that space in December. We moved
in at the last week and a half of December, and equipment started arriving
in January, so we didn't have any system put together by then. And
from January until March thirty first, we got all of our equipment, which
we had been procuring since last summer with lead times in the supply chain.
It arrived and we started installing it and we got it all installing ready for
commissioning by March thirty first, which is a really I believe a great accomplishment
for our team. Amazing, amazing accomplishments. So we're excited with that.
Yeah. Well, Greg, with any new technology, the proof of the
pudding is in the tasting obviously. You know, the promises are out there,
the expectations, the hopes, but now we're really getting down to the
point where the concepts get gets proven and then really the potential is limitless.
Yeah, the potential is hit. There's no question why. We've got numerous
obviously quiries from not just within the US, but Europe, been in the
in the Middle East on what we're going to do with with our international expansion
board, which we've just we've started those those d discussions already. But we're
going to obviously experience a significant jet appreciation on our stock price. Uh,
if what we say is going to be proved up to be true, we're
going to be a stock arm And it's just there's just no nobody around that.
Yeah. And the amount of diesel catalytic converters ev aside, it's going
to be decades till till electric trucks really take over the roots and all of
that now are the vast majority of it. It's going into landfills, around
the world. So the opportunity really limitless. Yeah, it is limitless.
Like you said, we've got a long time ahead of us, and everything's
got a ten year life, so we're working back on ten twenty years ago,
plus what's in the landfills of people bringing up. So there's a massive
opportunity over the next twenty thirty years for us long term business. Yeah,
there is, Like you just add to Rick saying here right right now,
there's about twenty one billion dollars a year annually going into the ground, lad
fields, scrap yards or whatever because there's no home for these diesel catalytical murders.
So to have an environmentally friendly solution to that situation, it's incredible just
from the sustainability aspect, Like one of our plants are going to be doing
approximate one hundred and seventy thousand olysis about Lady annually. If you don't have
to wind one hundred and seventy thousand ounces of new Lady of countries which are
having geopolitical issues, it's a huge thing. So, I mean, it's
a win winner right across the board. OCA. I just wonder if one
day we'll be digging up landfills where all these catalytic converters getting dumbed to process
them because you know, landfills diminishing, you know, the ability to dump
stuff. Nobody wants these things, and everybody's looking for ways to solve these
problems. Yeah, there's all milk question. Now if if they fly in
an easy solution don't know how to find these converters that are buried, then
that's going to be a real, real big market. So a lot,
Yeah, there's lots of there's lots of avenues for gruel. Then that's one
of them. And I think that's their keeap takeaway. New technology about to
prove itself, about to really make a substantial profit, substantial cash flow.
So I suggest all of you go over to regen x dot tech and sign
up for notifications so you'll see when the first shipments take place. The ticker
symbols in Canada r g X and in the US r g X, t
F and gentlemen, thanks for coming on and will follow up with you probably
in mid August to get the latest production results. Great good talking to you,
Kerry, Thank you. Thanks carry the Financial Survival Network