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Gen 3 Oil is an oil recycling company with a recycling refinery project in Bowden Alberta. The existing refinery is being leased and custom upgraded in order to utilize\xa0a cutting edge technology producing quality group 2 and 3 motor oils.

TSX.V: Giii

Key Points:

- Very high caliber management team with strong track records.

- CEO Gregory Clarkes\xa0was the founder, director, and significant shareholder of Skye Resources Inc., which was sold to HudBay Minerals Inc. in 2008 for $460 million.

- View management team full bio here\xa0https://www.geniiioil.com/corporate/managment/

- Existing facility includes all utilities, tank storage, truck and rail handling, fire fighting systems, retention and settlement ponds, site access and roadways.

- Estimated facility capex savings of $30 million.

- 20 Year site lease with Parkland Refining.

- Pre FEED studies completed by Stantec and WSP.

- ReGen technology proven to be commercially viable and economically scaleable.

- Higher yields, lower capex, and lower opex compared to other competing re refiners.

- In talks with various firms about potentially licencing\xa0utilizing proprietary technology, joints ventures and builds.

- 5 Year off-take agreement with Elbow River.

- Environmental benefits is reducing greenhouse gas emissions, diverts chemical waste from being burned or dumped, utilizing Bowden facility decreases environmental footprint compared to construction of a new refinery. Estimated 360,000 tonnes CO2 emissions reduction per year.

- Estimated 9 million dollars in greenhouse gas credits per year.

- Re-refining is more lucrative than crude oil refining because you start with a cleaner product.

- Estimated 61M EBITDA per 1000 BPD of group 3 production and 34M EBITDA per 1000BPD The Bowden re-refinery.

- Gross 170 million projected first year with EBITDA of 85 Million on first full year of production.\xa0

- Demand for Group 3 oil in North America is over 17000 BPD while 48000 BPD is produced in North America.

- 16 Domestic or international patents currently issued or pending.

https://www.geniiioil.com