RenX Books Microtec Mill Shipment as Site Work Advances at Myakka City

About this update from Renx Enterprises Corp.

MIAMI, FL, June 25, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) ("RenX" or the "Company") today provided an update on the deployment of its Microtec UTM 1200 Turbo Mill at its Myakka City, Florida facility. The Company has booked ocean freight for the mill's transport from Germany and has begun site work to prepare for its installation. The mill, which the Company previously expected to be delivered in April 2026, is now scheduled to depart Germany in late July 2026, with arrival in the United States expected during the third quarter of 2026. The revised timeline reflects a longer-than-anticipated lead time for spare parts ordered together with the mill, followed by additional clearance delays with German customs. The Company expects the mill to clear United States customs upon arrival; however, the arrival and on-site delivery timeline remains subject to international shipping and customs processing and could be affected by factors outside the Company's control. At the facility, crews have begun clearing and grading the installation area and establishing a compacted sub-base to receive the equipment. Once site work is complete, the Company's contracted concrete partner will pour the reinforced foundations for the milling line, after which the regional utility is scheduled to install a dedicated transformer, which the Company has already funded, to power the system. Existing organics processing operations at Myakka City continue uninterrupted while this work proceeds, and fabrication of the additional components of the system, by Met-L-Tec, and Sesotec is occurring concurrently. The mill is the central element of the first phase of the Company's processing platform, which is focused on bulk substrate production, with installation of the blending and bagging lines planned to follow. The Company is advancing the site, the mill, and the balance of the first-phase equipment in parallel, with the goal of moving into installation as the equipment arrives and progressing toward first bulk substrate production. The Company intends to provide further updates as the concrete pour begins, the mill and remaining first-phase equipment arrive on-site, and installation and commissioning activities advance. About RenX Enterprises Corp. RenX Enterprises Corp. is a technology-driven environmental processing and sustainable materials company focused on producing value-added compost, engineered soils, and specialty growing media for agricultural, commercial, and consumer end markets. The Company's platform is designed to be differentiated by its use of advanced milling and material-processing technology, including a planned deployment of a licensed Microtec system, to precisely size, refine, and condition organic inputs into consistent, high-performance soil substrates. This technology-enabled approach allows RenX to move beyond traditional waste-to-value operations and manufacture engineered growing media with repeatable quality and defined specifications.

View stock analysis, news, and events for Renx Enterprises Corp.