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ReGen III Corp. (V:GIII)

Business Focus: Petroleum Refining

Sector:  Energy Industry:  Oil & Gas Refining and Marketing
Company Contact
Address: 400 Burrard Street, Suite1750
Tel: N/A
IR: See website
Key People
Gregory M. Clarkes
Chairman of the Board, Chief Executive Officer
Mark Redcliffe
President, Executive Vice President - Corporate Finance
Thomas Lawlor
Chief Operating Officer
Kimberly Hedlin
Vice President - Corporate Finance
Guowei Zhang
Vice President - Corporate Finance
Business Overview
ReGen III Corp. is a Canada-based cleantech company commercializing its ReGen, patented technology to recycle used motor oil (UMO) into high-value Group III base oils. The ReGen technology is designed to produce the highest quantity of high base lubricating oils of any re-refining process. Its ReGen technology, produces a 53% yield of Group III, which is a high-margin base oil used in the formulation of performance synthetic grade motor oils. The Company is also focused on developing its brownfield re-refinery in Texas City, Texas (Texas Facility). Its projects include Texas and Alberta. It is also engaged in Koch Project Solutions, LLC (KPS) to provide project execution management services up to turnkey delivery of the proposed Texas Facility. The Company is focused on building or enhancing UMO re-refineries and licensing its intellectual property to third parties around the world. Its first ReGen facility is in the site selection and negotiation phase in the United States Gulf Coast.
Financial Overview
For the nine months ended 30 September 2023, ReGen III Corp revenues was not reported. Net loss decreased 61% to C$4.2M. Lower net loss reflects Plant engineering and design decrease of 96% to C$221K (expense), Professional fees decrease of 48% to C$748K (expense), Share-based payments decrease of 27% to C$997K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.10 to -C$0.04.
Employees: 5 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $37.37M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$5.88M as of Sep 30, 2023
Net annual income (TTM): -$5.91M as of Sep 30, 2023
Free cash flow (TTM): -$3.87M as of Sep 30, 2023
Net Debt Last Fiscal Year: $0.01M as of Sep 30, 2023
Shares outstanding: 118,355,547 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization