EverGen Infrastructure Announces Securing Multiple Contracts for the Processing of Organics at Sea to Sky Soils

Rhea-AI Summary

EverGen Infrastructure Corp. (TSXV: EVGN, OTCQX: EVGIF) announces that its Sea to Sky Soils organic waste facility has secured contracts with a BC regional district to process over 10,000 tonnes of organic waste annually. This positions EverGen as a leading regional processor of organics, enhancing its operational stability. The facility, in partnership with Lil’wat First Nation, will ensure consistent organic feedstock supply through 2025, supporting local agriculture and generating renewable natural gas. CEO Chase Edgelow highlighted that these contracts mitigate business risks while aiming to manage a total of 300,000 tonnes of organic waste per year.

Positive

• Secured contracts for processing over 10,000 tonnes of organic waste annually, enhancing revenue stability.
• Strengthened operational capacity with partnerships ensuring consistent organic feedstock supply through 2025.
• Positioned as a leading processor of organics in British Columbia, contributing to both local agriculture and sustainable practices.

Negative

• None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQX: EVGIF), is pleased to announce its Sea to Sky Soils organic waste processing and composting facility has signed multiple contracts with a BC regional district for the processing of organic waste at the facility, which provides over 10,000 tonnes per annum.

EverGen is one of the top regional processors of organics in BC with a track record of operational excellence and sustainable practices. Our commitment is to own and operate best-in-class facilities that offer our municipal and commercial partners both cost-effective and environmentally sustainable solutions for processing & recycling organics, including:

• Building Regional Infrastructure: building & owning much-needed infrastructure and supplying jobs through responsible development
• Waste Management Solutions: using proven technology & best practices to divert waste from landfill and reduce emissions
• Benefits to Local Agriculture: Recycling of nutrients back into food production, strengthening food security and supporting local farmers.
• Clean Energy: reimagining organic waste as a clean energy source by generating renewable natural gas which has negative carbon emissions

“Contracts such as these de-risk our core business and represent another step towards our goal of providing solutions for over 300,000 tonnes of organic waste per annum in the region,” said Chase Edgelow, CEO of EverGen.

Sea to Sky Soils, operated in partnership with Lil’wat First Nation, primarily processes inbound organic waste for a contracted tipping fee and produces high-quality organic compost and soils for farmers, gardeners, and developers. These contract updates provide Sea to Sky Soils with increased certainty on the supply of organic feedstock through 2025 with a preferred partner.

About EverGen Infrastructure Corp.

EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230221005039/en/

EverGen Investor Contact

Victoria Rutherford

480-625-5772

Victoria@adcap.ca

Source: EverGen Infrastructure Corp.

FAQ

What new contracts has EverGen Infrastructure Corp. signed?

EverGen Infrastructure Corp. has signed contracts with a BC regional district for processing over 10,000 tonnes of organic waste annually at its Sea to Sky Soils facility.

How does the new contract affect EverGen's operations?

The new contracts enhance EverGen's operational stability and provide certainty on organic feedstock supply through 2025.

What is the significance of these contracts for EverGen shareholders?

These contracts de-risk EverGen's core business and contribute to its goal of managing 300,000 tonnes of organic waste annually.

Who is the CEO of EverGen Infrastructure Corp.?

The CEO of EverGen Infrastructure Corp. is Chase Edgelow.

What does EverGen's Sea to Sky Soils facility do?

The Sea to Sky Soils facility processes organic waste and produces high-quality compost and soils for agricultural use.