ReGen III Corp (TSE:GIII) has released an update.
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ReGen III Corp. has taken a significant step towards financing their clean technology initiatives by submitting the first part of their application for a loan guarantee under the U.S. Department of Energy’s Title 17 Clean Energy Financing Program. This move aligns with the company’s strategy to secure non-dilutive financing to support their patented ReGen™ process, which transforms used motor oil into eco-friendly Group III base oils. Although success isn’t guaranteed, the DOE’s loan guarantees can potentially cover up to 80% of project costs, offering a substantial financial boost for ReGen III’s innovative energy project.
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