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Highlights

  • ReGen III issues approximately 855,598 shares to pay USD 164,850 debenture interest, pending TSXV approval
  • The company sells a legacy rural property near Slocan, BC, for USD 295,000
  • Patents granted in Brazil and Europe advance the company’s ReGen™ used motor oil upcycling technology

ReGen III Corp. (TSXV: GIII), a clean technology company focused on upcycling used motor oil (UMO) into Group III base oils, announced several recent corporate developments, including the issuance of common shares to cover semi-annual debenture interest, the sale of a non-core property, and the granting of patents in Brazil and Europe.

The company elected to pay the semi-annual interest of USD 164,850 on its Series 2023-11.PP55CD-A Debentures through the issuance of approximately 855,598 common shares priced at $0.19267 per share. This transaction remains subject to approval from the TSX Venture Exchange. The newly issued shares will be subject to a hold period of four months from the issue date.

Additionally, ReGen III completed the sale of a rural property near Slocan, British Columbia, for gross proceeds of USD 295,000. This asset was inherited from the company’s earlier business combination involving Silver Ridge Resources and NMC Mining Corp. in 2010 and is considered a legacy, non-core property that no longer aligns with the company’s operational focus.

ReGen III also disclosed that its patent application in Brazil (1120210154531) has been granted, with formal Letters Patent expected from the Brazilian National Institute of Industrial Property. Brazil’s regulatory environment prohibits the burning of used motor oil, and it represents a significant market with one of the highest rates of re-refining worldwide.

In Europe, the company’s patent application (20751968.7) was approved by the European Patent Office (EPO) on April 2, 2025, under patent number EP3921390. ReGen III is currently finalizing which of the 39 EPO member states it will pursue national validation within, with plans to complete this step before the July 2, 2025 deadline.

Overall, ReGen III now holds 22 patents issued, granted, or allowed, with an additional 11 patents pending worldwide related to its ReGen technology. This patented process focuses on converting used motor oil into high-value Group III base oils, aiming to reduce CO2 equivalent emissions by an estimated 82% compared to traditional virgin crude base oils.

On the operational side, the company has completed Front-End Loading Phase 2 (FEL2) and value engineering for its 5,600 barrels per day used motor oil recycling facility planned in Texas. The project is supported by multiple engineering, construction, and technology vendors, including Koch Project Solutions, PCL Industrial Management Ltd., Studi Tecnologie Progetti S.p.A., Koch Modular Process Systems, and Duke Technologies.