8-K
BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section
13 or 15(d) of the
Securities Exchange
Act of 1934
Date ofReport (Date of earliest event reported): November 4, 2022 (November3, 2022)
BION
ENVIRONMENTAL TECHNOLOGIES, INC.
Exact name of Registrant
as Specified in its Charter
| Colorado | 000-19333 | 84-1176672 |
|---|---|---|
| State or Other Jurisdiction<br> of Incorporation | Commission File Number | IRS Employer Identification<br> Number |
9
East Park Court
OldBethpage**, NewYork**
11804
Address of Principal
Executive Offices, Including Zip Code
516-586-5643
Registrant's Telephone
Number, Including Area Code
Not applicable
Former name or former
address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|
Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth<br> company ¨ |
|---|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01 Regulation FD Disclosure.
On November 3, 2022, the Company issued a press release entitled “Bion Breaks Ground in Indiana on First Commercial-Scale Gen3Tech Facility” which press release has been placed on the Investors page of our website**.**
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press<br>Release titled “ Bion Environmental Technologies to Present at the LD Micro MainEvent XV” (November 3, 2022) |
| 104 | Cover Page Interactive Data File<br> (the cover page XBRL tags are embedded within the inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BION ENVIRONMENTAL TECHNOLOGIES, INC. | ||
|---|---|---|
| By: | /s/ Mark A. Smith | |
| Date: November 4, 2022 | Mark A. Smith, President |
Exhibit 99.1
Bion Breaks Ground in Indiana on First Commercial-ScaleGen3Tech Facility
November 3, 2022. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology that dramatically reduces environmental impacts and recovers valuable resources, announced it has broken ground on a small commercial-scale Gen3Tech facility that will be located near Fair Oaks, Indiana. Bion expects building construction to be completed by December 15, 2022, with waste processing equipment delivered by mid-January.
Successful operation of the Gen3Tech platform at Fair Oaks will demonstrate its scalability and allow nitrogen recovery efficiencies to be optimized at scale. Operating data from the Fair Oaks facility will be used to design Bion’s first full-scale commercial project and will support certification requirements for various regulatory agencies, including the California Department of Food and Agriculture’s (CDFA) organic program and USDA’s Process Verified Program (PVP) to establish a USDA-certified sustainable brand. The facility will also produce ammonium bicarbonate fertilizer for both commercial testing by potential joint venture partners and university growth trials.
Bion’s patented Gen3Tech is the result of more than 30 years of technology development. It was designed to mitigate environmental impacts, recover resources that today are wasted or significantly underutilized, including renewable energy and high-value fertilizer products, and produce premium branded sustainable meat products. The system captures and stabilizes the highly volatile ammonia-nitrogen in the waste that today contributes to acid rain, contaminates groundwater, and is a primary source of nutrient runoff that fuels harmful algae blooms and dead zones in the Chesapeake Bay, Great Lakes, Gulf of Mexico, and many other U.S. waters. Anaerobic digesters, which are increasingly being used to extract methane from dairy (and other organic) waste, increase the production of this problematic ammonia.
In dry climates like California, ammonia emissions from livestock facilities combine with tailpipe emissions to produce PM2.5, fine inhalable particulate matter that travels deep into the respiratory tract, reaching the lungs and entering the blood stream. Scientific studies have linked increases in daily PM2.5 exposure with increased respiratory and cardiovascular problems and deaths. US EPA Region 9 (Pacific Southwest) is currently evaluating the control of ammonia emissions from CAFOs (Concentrated Animal Feeding Operations).
Craig Scott, Bion’s director of communications, stated, “A couple key takeaways: first, this is the final engineering step before we are ready to launch full-scale commercial projects. While we expect normal engineering challenges associated with scaling up, we don’t anticipate any major ones because most of this equipment is already in use at larger scale.
Second, and most important: we are NOT another digester company that will power a couple thousand homes from cow poop. Bion’s key differentiator is the comprehensive solution we bring to all the environmental problems associated with livestock waste – air, water, and soil – not just methane and climate change. That comprehensive solution also generates multiple revenue streams, not just one. And while climate impacts need to be addressed, we believe the more pressing problem is the industry’s direct impacts to water quality and human health. In our opinion, developing anaerobic digester projects to extract renewable energy, without addressing ammonia/ nutrient control, is a ticking timebomb that will create greater problems in the future.”
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Bion’s patented third generation technology (Gen3Tech) was designed to largely mitigate the environmental impacts of large-scale livestock production and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously recovers high-value environmentally friendly fertilizer coproducts and renewable energy that increase revenues. Bion’s Gen3Tech platform can create a pathway to economic and environmental sustainability with ‘win-win’ benefits for a premium sector of the $175 billion U.S. livestock industry and the consumer. For more information, see Bion’s website at https://bionenviro.com.
This material includesforward-looking statements based on management's current reasonable business expectations. In this document, the words ‘will’,‘expect’, ‘anticipate’, and similar expressions identify certain forward-looking statements. These statementsare made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There arenumerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
SVP, Director of Communications
(406) 281-8178 direct