Vancouver, British Columbia (Newsfile Corp. – March 26, 2025) – ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (“ReGen III”or the“Company”), a leading clean technology company specializing in the upcycling of used motor oil into high-value Group III base oils, is excited to announce the hiring of Kirk McNamara as a consultant, effective immediately.
Proven Leader in Business Transformation, Commercial Strategy & M&A Execution
Kirk brings over 15 years of extensive experience in the base oils and chemicals industry, having most recently served as the Director of Base Oils at Motiva Enterprises. During his tenure, he served as the P&L owner at the second-largest base oils plant in the world (Source: Lubes’N’Greases) where, under his leadership, the business unit achieved significant EBITDA growth. A key leader of Aramco’s Base Oils Alliance, Kirk steered global initiatives with co-partners S-Oil and Luberef, driving significant growth initiatives, efficiency practices, and innovative strategies within the business. Kirk also founded and chaired Motiva’s Base Oils Sustainability Committee, championing decarbonization efforts across the value chain to satisfy customer needs while addressing societal and regulatory trends.
Kirk played a critical role during Aramco’s $2.7 billion acquisition of Valvoline, where he identified synergies and negotiated post-acquisition deals, resulting in accelerated synergy value capture within a year. Kirk’s work with Motiva and Aramco also involved raising over $180 million in capital to support step-out business strategies and major capital projects. His strategic leadership and deep understanding of value drivers were key to realizing these impactful initiatives.
Kirk’s commercial expertise extends to building strong customer relationships and partnerships and is complemented by his past tenures at UOP Honeywell and ExxonMobil where he honed various skills in new product development and commercialization, corporate planning, and process engineering and design. Notably, Kirk has valuable technology licensing experiences both on the buy-side, leading complex negotiations with licensors, and the sell-side, as a team member doubling market share. These experiences demonstrate Kirk’s commitment in bringing long-term success to the business while simultaneously fostering collaborative and broad relationships throughout the industry.
In his consulting and advisory role at ReGen III, Kirk will focus on driving strategic partnerships, market expansion, and promoting the Company’s sustainability efforts. Kirk’s extensive experience in strategic planning and M&A will be invaluable as the Company seeks to capitalize on new growth opportunities.
Management Commentary
“We are thrilled to welcome Kirk as a consultant to our team,” said Tony Weatherill, CEO & President of ReGen III. “Kirk’s exceptional leadership and proven track record in driving commercial success, sustainability initiatives, and M&A will be invaluable as we expand our footprint in the clean technology sector.”
Kirk expressed his enthusiasm for joining ReGen III, stating, “I am excited to collaborate with the talented team at ReGen III and contribute to the Company’s growth and sustainability initiatives. Together with our partners, we can drive impactful change in the industry.”
Kirk holds an MBA from the Kellogg School of Management, a Master of Science in Chemical Engineering from the University of Illinois and a Bachelor of Science in Chemical Engineering and Chemistry from University of Wisconsin. He is based in Houston, Texas.
Options
The Company also announces that, as part of Kirk’s consulting agreement, it has granted him 2 million stock options. The options are exercisable at CAD $0.25 per option, valid for a period of five years, and vest subject to performance and time-based milestones.
About ReGen III
ReGen III is a cleantech company commercializing its patented ReGen™ technology to upcycle 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.
In 2022, ReGen III completed FEL2 and value engineering for the Company’s 5,600 bpd UMO Texas recycling facility, with the support of world-class engineering, construction and licensed vendor teams – including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Studi Tecnologie Progetti S.p.A., Koch Modular Process Systems and Duke Technologies.
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 newsletter subscription: https://www.regeniii.com/newsletter-subscription/
For further information, please contact:
Investor & Media inquiries:
Email: investors@regeniii.com
Corporate Inquiries:
Kimberly Hedlin
Vice President, Corporate Finance
Tel: (403) 921-9012
Email: info@regeniii.com
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.sedarplus.ca under the Company’s profile and on the Company’s website, www.ReGenIII.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.