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EverGen Infrastructure Corp (EVGIF) is a leading provider of sustainable infrastructure solutions. The company focuses on renewable energy projects, waste management, and water treatment facilities. With a strong emphasis on environmental sustainability, EverGen is committed to reducing carbon emissions and promoting a cleaner, greener future. Their innovative approach to infrastructure development has led to numerous successful projects across North America, positioning them as a key player in the industry.
EverGen Infrastructure Corp. (TSXV: EVGN, OTCQX: EVGIF) announced its Q4 and fiscal year 2022 financial results, reporting revenues of $1.7 million for Q4, down from $2.7 million in Q4 2021, and $7.5 million for the fiscal year, compared to $9.6 million in 2021. The net loss increased to $1.5 million for Q4 and $4.1 million for the fiscal year, up from $1.1 million and $2.0 million respectively in 2021. Cash and cash equivalents decreased to $8.9 million from $19.6 million, largely due to investments of $11 million into expansion projects. Notably, EverGen secured a $31 million senior term loan to fund its growth projects and reported significant progress in its RNG projects, including the completion of Phase I of GrowTEC expansion and ongoing construction at the Fraser Valley Biogas facility.
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.
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