G-III Apparel (GIII) Newsfile·2025-06-02 04:01Core Insights - ReGen III Corp. has opted to pay a semi-annual interest payment of 0.19267 per share, pending approval from the TSX Venture Exchange [1] - The company has successfully sold a non-core asset, the Slocan Property, for gross proceeds of $295,000, which was acquired during a business combination in 2010 [2] - ReGen III has received a granted patent for its technology in Brazil, marking its first patent in the country, which has a significant re-refining rate and bans the burning of used motor oil [3] - The European Patent Office granted ReGen III a patent on April 2, 2025, and the company is moving towards the national validation stage in member states [4] - The company currently holds 22 patents issued or granted for its ReGen™ process and has 11 patents pending globally [5] - ReGen III's ReGen™ technology aims to upcycle used motor oil into high-value Group III base oils, with an expected reduction of CO2e emissions by 82% compared to virgin crude-derived base oils [6] - The company has completed FEL2 and value engineering for its 5,600 bpd UMO recycling facility in Texas, collaborating with several engineering and construction firms [7] - ReGen III aims to become the world's largest producer of sustainable re-refined Group III base oil, operating in an underserved segment of the base oils market [7]