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Regenx Tech Corp. — Regulatory Filings 2021
Jun 24, 2021
44507_rns_2021-06-24_b5007fe8-de41-43ca-8247-40d7bb9c45e6.pdf
Regulatory Filings
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FORM 51-102F3 MATERIAL CHANGE REPORT
Name and Address of Company
1.
Mineworx Technologies Ltd. (“ Mineworx ” or the “ Corporation ”) Suite 1000, Livingston Place West 250 2nd Street SW, Calgary, AB T2P 0C1
2. Date of Material Change
June 24, 2021
3. News Release
A press release was disseminated on June 24, 2021 via Globe Newswire.
4. Summary of Material Change
Mineworx Announces the Creation of PGM Renewal LLC
5. Full Description of Material Change
5.1 Full Description of Material Change
Edmonton, Alberta, June 24, 2021 — Mineworx Technologies Ltd ., (the “ Company ” or “ Mineworx “) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announced today that its wholly owned subsidiary Mineworx USA Inc. has signed a Joint Venture Operating Agreement with Davis Recycling Inc. “Davis” of Tennessee.
The signing parties will immediately form a new company to be called PGM Renewal LLC with Mineworx USA having a 55% equity position and Davis owning 45%.
Mineworx will be responsible for providing its technologies and processes under the Joint Operating Agreement and Davis will be responsible for supply chain management and material preparation of diesel catalytic converters.
Profits earned from the recovery of platinum and palladium contained in used diesel catalytic converters will be distributed to the partners proportionate to their respective ownership interests.
“We are pleased to formalize the partnership we have with the team from Davis that has been developed over the last year of research and testing,” said Greg Pendura, President and CEO. “This partnership combines the Davis supply chain and logistical expertise with the technology developed by Mineworx for a truly world class operation.”
“We’re extremely pleased to finalize the partnership with Mineworx for this very important initiative,” stated Ben Davis, CEO of Davis Recycling. “The extraction of platinum and palladium from diesel catalytic converters has been top of mind for a very long time and we believe that Mineworx’s environmentally-friendly solution is a perfect fit for us.”
6. 5.2 Disclosure for Restructuring Transactions
Not Applicable
CAN: 35686738.1
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7. Reliance on Section 7.1(2) of National Instrument 51-102
Not Applicable
8. Omitted Information
Not Applicable
9. Executive Officer
The name and business number of the executive officer of the Corporation who is knowledgeable about the material change and this report is:
Greg Pendura, President and CEO 780-800-0726 [email protected]
10. Date of Report
June 24, 2021
CAN: 35686738.1