http://www.regeniii.com/regen-iii-exits-bowden-alberta-and-provides-site-updates/

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ReGen III Exits Bowden, Alberta and Provides Site Updates

VANCOUVER, British Columbia (Newsfile Corp. – June 16, 2021) — ReGen III Corp. (“ReGen III” or the “Company”) (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) announces it has terminated the agreement regarding ReGen’s leasehold interest in Bowden, Alberta. Under the terms of the termination, neither lease payments previously accrued nor any further lease payments are due or payable under the lease.

This development allows the Company to focus unencumbered on its primary re-refinery project in the US Gulf Coast and to fully explore alternate production site opportunities elsewhere in North America, while continuing to enhance the Company’s industry presence.

The Company also advises as part of its continuous de-risking process, it spent the past fifteen months reviewing alternate re-refinery sites in Alberta. The Company short-listed three suitable sites with accretive zoning and ancillary infrastructure in place. The Company believes these sites should provide improved operating economics over the Bowden site, once a financial investment decision is made.

In the US Gulf Coast, ReGen III continues its technical review, design and engineering work with Koch Project Solutions LLC, PCL Industrial Construction Ltd. and Koch Modular Process Systems. The Company is also pleased to announce it has identified a potential re-refinery site and commenced negotiations with the property owner. Further information will be disseminated when available.

About ReGen III

ReGen III is a cleantech company creating more sustainable solutions that include better environmental outcomes and compelling economics. ReGen III owns a portfolio of patented technologies that enable used motor oil (“UMO”) re-refineries to produce a higher value product mix of base oils than traditional methods, including 55% Group III. For more information about the Company, please visit www.ReGenIII.com.

On Behalf of the Board of ReGen III Corp.

“Greg Clarkes”
Greg Clarkes
Chief Executive Officer

For further information, contact Mark Redcliffe at (778) 668-5988

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