An anonymous director reports
REGENX RESOLVES OUTSTANDING DISPUTES WITH ENVIROMETAL
The Supreme Court of British Columbia has approved a consent and dismissal order, bringing to a conclusion all claims between Regenx and EnviroMetal Technologies Inc. and related parties.
The consent and dismissal order resolves a civil claim filed by EnviroMetal on June 21, 2021, as well as a counterclaim filed by Regenx on Aug. 13, 2021, as subsequently amended on Jan. 20, 2023.
In addition, Regenx and EnviroMetal have entered into a release and settlement agreement, which concludes all outstanding matters between the parties, including previously initiated arbitration proceedings relating to historical agreements between the companies, including a joint venture agreement.
The parties have resolved all claims without any admission of liability and without any compensation payable by either party.
The resolution of these matters allows Regenx to focus fully on advancing its core operations and strategic initiatives.
About Regenx Tech Corp.
Regenx Tech is a clean-technology, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium.
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