8-K
BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
WASHINGTON,D.C. 20549
FORM8-K
CURRENTREPORT
Pursuantto Section 13 or 15(d) of the
SecuritiesExchange Act of 1934
May3, 2021
Date of Report (date of earliest event reported)
BIONENVIRONMENTAL TECHNOLOGIES, INC.
Exact name of Registrant as Specified in its Charter
| Colorado | 000-19333 | 84-1176672 |
|---|---|---|
| State<br> or Other Jurisdiction of Incorporation | Commission<br> File Number | IRS<br> Employer Identification Number |
POBox 323
OldBethpage, New York 11804
Address of Principal Executive Offices, Including Zip Code
516-586-5643
Registrant's Telephone Number, Including Area Code
Notapplicable
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 communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM7.01 REGULATION FD DISCLOSURE.
On May 7, 2021, the Company has placed on the Investor page of the Company's website a press Release titled “Bion Applies for OrganicListing for Solid Ammonium Bicarbonate Product” (dated May 7, 2021).
ITEM8.01 OTHER EVENTS
On May 3, 2021 the Company submitted a new application to the Organic Materials Review Institute (“OMRI”) seeking an OMRI Listing for the crystallized ammonium bicarbonate/ ammonium carbonate recovered in its third generation (3G) waste treatment platform.
ITEM9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Businesses Acquired
Not Applicable.
(b) Pro Forma Financial Information
Not Applicable.
(c) Shell Company Transactions
Not Applicable.
(d) Exhibits.
| Exhibit<br><br> <br>Number | Description |
|---|---|
| 99.1 | Press Release titled “Bion Applies for Organic Listing for Solid Ammonium Bicarbonate Product” (dated May 7, 2021) |
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. | |
|---|---|
| Date: May<br> 10, 2021 | By:<br> /s/ Mark A. Smith<br><br> <br>Mark<br>A. Smith, President |
Exhibit 99.1
Bion Applies for OrganicListing for Solid Ammonium Bicarbonate Product
May 7, 2021. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment and resource recovery technology, announced today that it has submitted a new application to the Organic Materials Review Institute (OMRI). Bion is seeking an OMRI Listing for the crystallized ammonium bicarbonate/ ammonium carbonate recovered in its third generation (3G) waste treatment platform.
Bion’s patented 3G technology platform was developed to allow naturally occurring ammonium compounds in the waste stream to be captured and upcycled into a solid, readily available, nitrogen fertilizer. Bion’s initial OMRI application, a liquid ammonium bicarbonate solution, was approved for OMRI Listing in May 2020, confirming that Bion’s 3G technology platform produces organic-compliant nitrogen fertilizer with a non-synthetic process.
Craig Scott, Bion’s Director of Communications, noted, “Bion was notified by OMRI last week that several application restrictions placed on the initial product listing have been removed following a review and clarification of our original application. This will provide end users with more opportunity and flexibility for field applications. Bion anticipates future products listed with OMRI will no longer include manure-related application restrictions.”
AD Nitrogen, Bion’s new solid crystalline product that is the subject of the current OMRI application, is a concentrated and dewatered form of the previously approved liquid product. A dry, water soluble ammonium bicarbonate offers several advantages over a liquid nitrogen product. A dry bagged product has much less weight and volume than a liquid product; therefore, fuel and handling costs to transport to the product blender are significantly lower, as is its carbon footprint. A dry bagged product can be stored and handled much easier than a liquid; and, because it is water soluble, it is easily diluted to its ultimate application rate. As a commercial product, a dry ammonium bicarbonate is more versatile than the liquid and is expected to appeal to both liquid and solid blenders.
Stabilizing the highly volatile and mobile nitrogen in the ammonium compounds that form Bion’s AD Nitrogen product, results in substantial improvements to the environment, including both air and water quality, as well as soil health. A substantial portion of the volatile nitrogen will no longer be available to escape to contribute to formation of PM2.5 (small particulate air pollution), leach into groundwater, or run off to feed downstream algae blooms and dead zones that US EPA calls one of the greatest water quality problems in the country today. Further, by decoupling the nitrogen from the phosphorus in the manure, those nutrients can now be precision applied independently and at an appropriate agronomic rate to maintain the proper nutrient balance in the soil.
Craig Scott, concluded, “Bion’s AD Nitrogen product represents a win-win for agriculture, the environment and the consumer. A readily available, cost-effective, and convenient non-synthetic nitrogen product will increase the efficiency of organic crop production by narrowing the ‘yield gap’ associated with it and help fuel expansion of what is already the fastest growing segment of American agriculture.
One final, but important note: according to their website, OMRI is much busier today than it was when Bion applied for its initial listing last year, which was approved quickly. It is reasonable to assume that a decision will take longer this time.”
____________________________________________
Bion’s patented third-generation technology was designed to substantially reduce the environmental impacts of large-scale livestock production and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously recovers high-value coproducts and renewable energy that increase revenues. Bion’s 3G tech platform can provide a pathway to true economic and environmental sustainability with ‘win-win’ benefits for at least a premium sector of the $200 billion livestock industry, the environment, and the consumer. For more information, see Bion’s website, www.biontech.com.
This material includes forward-looking statementsbased on management's current reasonable business expectations. In this document, the words ‘seeking’, ‘will’,‘anticipate(s)’ and similar expressions identify certain forward-looking statements. These statements are made in relianceon the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertaintiesthat could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
Director of Communications
303-843-6191 direct