Regenx Tech Corp (RGXTF)

[TPX]

Corporate Overview
In June 2017, the Company officially changed its name to Mineworx Technologies Ltd. to better reflect the changed business
focus. In late 2015, the Company implemented a strategy to pursue and investigate a new paradigm being created in the
mining sector to complement its Spanish mineral assets and current business model.
In December 2015, the Company acquired Mineworx Technologies Inc., who developed the HM X-tract, a unique, patentpending, portable, heavy mineral extraction process and an innovative new business model for the gold and precious metals
mining sector. As of June 30, 2018, Mineworx Technologies Inc. and Iberian Minerals Ltd. were amalgamated into one
company the Mineworx Technologies Ltd. name.
The Mineworx business model is to seek out advanced-stage mineral deposits on which to employ its portable processing
technologies, and to partner with the existing owners and operators to advance these deposits to profitable production in a
timely and cost-efficient manner. The model offers operators accelerated production timelines, lower cut off grades, reduced
infrastructure, shorter permitting periods, improved market valuations, and lower the operating costs, environmental impact
and the economic risks.
The unique, integrated water clarification and filtration technologies allows operators to recycle most of the process water
used at a typical mine site. This conserves water, minimizes environmental discharge and significantly reduces or eliminates
the necessity for tailings ponds.
As part of the strategic review the Company decided to spin out the HM X-leach technology to the newly formed public
entity Enviroleach Technologies Inc. in the first quarter of 2017. This transaction allowed for the shareholders of Mineworx
to continue to share in the promising upside of the technology while the Company focused on the development of the
Mineworx business model.

On March 21, 2017, the Company finalized an arrangement involving Mineworx, shareholders of Mineworx and
Enviroleach. The plan of arrangement involved the spin-out of the Mineworx ‘Technology Rights’ to Enviroleach and the
distribution to the Company’s shareholders of 25,999,813 common shares of Enviroleach.
Under the terms of the Arrangement Agreement, through a statutory plan of arrangement under the Business Corporations
Act (Alberta) (the “Arrangement”), the Company transferred the Technology to Enviroleach in exchange for total
compensation of $8,600,000 comprised of:
i) 28 million common shares of Enviroleach valued at $0.25 per share,
ii) promissory notes in the amount of $1,600,000 made by Enviroleach in favour of the Company
carrying a 5% interest rate. At June 30, 2020 $250,000 remains unpaid.
iii) The Company will retain a license agreement in perpetuity for the Enviroleach, patent-pending,
non-cyanide gold leaching solution for its’ mining applications.
After working in conjunction with Enviroleach it was realized that utilizing the Mineworx technologies and expertise
enhanced recoveries of precious metals in E-Waste material during the Enviroleach process. With this knowledge
Enviroleach and Mineworx agreed to create a Joint Venture to pursue opportunities in the E-Waste sector. The Mineworx
equity share of the joint venture is 20%.
Participation in the joint venture caused the focus of Mineworx to change from the mining industry to the E-waste sector. The
management of Mineworx believes that this new sector offers an accelerated route to profitability. After the successful
implementation of the E-waste strategy the company will resume pursuing opportunities in the mining industry.

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