ReGen III Engages Raymond James

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Vancouver, British Columbia--(Newsfile Corp. - March 13, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQX: ISRJF) (FSE: PN4) ("ReGen III" or the "Company") is pleased to announce the engagement of Raymond James & Associates Inc. ("Raymond James"), a subsidiary of Raymond James Financial, Inc. (NYSE: RJF).

Raymond James will act as an initial purchaser or placement agent to ReGen III for debt instruments or debt obligations issued by ReGen III to finance the Company's Texas recycling project. The placement of these debt instruments may include the participation of commercial lenders and/or certain United States governmental agencies. The services to be provided by Raymond James are over and above the existing debt proposals ReGen III received from lenders such as Export Development Canada.

Working with Raymond James to secure comprehensive, project-level debt coverage is complementary to the Company's recently announced engagement of National Bank Financial Inc. for financial advisory and investment banking services in support of existing and proposed project-level financing structures, and to secure US$150 million in equity.

Greg Clarkes, Chairman & CEO of ReGen III stated, "We look forward to working with Raymond James, a proven leader in U.S. debt financings. Through Raymond James' broad institutional client footprint, ReGen III will be showcasing its Texas project to a much wider American audience. We are excited about the prospects of securing additional project debt financing opportunities arising from the engagement of Raymond James and we look forward to building a successful, long-term relationship that translates into significant value for our shareholders."

About Raymond James Financial

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations, and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.22 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.

About ReGen III

ReGen III is a cleantech company commercializing disruptive, patented technology to recycle used motor oil ("UMO") into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO2e emissions by 82% as compared to virgin crude derived base oils combusted at end of life.

ReGen III has a definitive offtake agreement with bp to purchase 100% of the sustainable base oils produced at the company's 5,600 bpd UMO Texas recycling facility. In 2022, ReGen III completed FEL2 and value engineering for the facility, where world class engineering, construction and licensed vendor teams - including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Koch Modular Process Systems and Duke Technologies - are providing detailed design, construction, commissioning, and start-up services.

Operating in an underserved segment of the base oil market, ReGen III aims to become the world's largest producer of sustainable Group III base oil.

For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription.

For further information, please contact:
Kimberly Hedlin
Vice President, Corporate Finance
Tel.: (403) 921-9012
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company's profile and on the Company's website, https://www.ReGen III.com/. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/158127

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