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ReGen III Corp. (V:GIII)

Business Focus: Petroleum Refining

Sector:  Energy Industry:  Oil & Gas Refining and Marketing
See Regulatory Filings on SEDAR
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
Gordon Driedger
President, Chief Operating Officer
Rick Low
Chief Financial Officer
Mark Redcliffe
Executive Vice President - Corporate Finance
Business Overview
ReGen III Corp, formerly Gen III Oil Corp, is a Canada-based clean technology company. The Company builds green project. It owns a portfolio of patented technologies that enable used motor oil (UMO) re-refineries to produce a product mix of base oils than traditional methods. Its ReGen technology, produces approximately 55% yield of Group III, which is a margin base oil used in the formulation of performance synthetic grade motor oils. Its re-refinery technology requires initial capex and ongoing opex over a traditional refinery and it yields margin products. Its Alberta ReGen facility is sourcing project financing.
Financial Overview
For the six months ended 30 June 2021, ReGen IIICorp revenues was not reported. Net income totaled C$1.4Mvs. loss of C$2.4M. Net income reflects Salaries andbenefits decrease of 5% to C$628K (expense), Amortizationof right-of-use assets decrease of 6% to C$314K (expense),Interest income increase from C$3K to C$9K (income). BasicEarnings per Share excluding Extraordinary Items increasedfrom -C$0.03 to C$0.01.
Employees: 5 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $208.56M as of Jun 30, 2021
Annual revenue (TTM): $0.00M as of Jun 30, 2021
EBITDA (TTM): -$4.42M as of Jun 30, 2021
Net annual income (TTM): -$0.99M as of Jun 30, 2021
Free cash flow (TTM): -$2.18M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 111,107,565 as of Sep 29, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization