SusGlobal Receives License Under the Aggregate Resources Act for a 2.66 Hectare Site Authorizing Removal of 20,000 Tonnes of Aggregate Annually

Rhea-AI Summary

SusGlobal Energy Corp. has announced the receipt of License # 2984 from the Ministry of Northern Development, Mines, Natural Resources and Forestry, allowing its subsidiary to operate a pit for the removal of 20,000 tonnes of aggregate annually from its Belleville land holdings. This operation is expected to generate additional annual revenues between $200,000 and $1,000,000. The aggregate will be extracted using sustainable methods and sold under the company's brand, which aligns with its objective of becoming a leader in the circular economy.

Positive

• Received Licence # 2984 enabling extraction of 20,000 tonnes of aggregate annually.
• Expected additional annual revenue of $200,000 to $1,000,000.
• Sustainable extraction methods enhance company reputation.

Negative

• None.

All 20,000 tonnes of aggregate translates to an additional annual revenue opportunity ranging from $200,000 to $1,000,000 from SusGlobal's Belleville land holdings

TORONTO, ON / ACCESSWIRE / January 5, 2022 / SusGlobal Energy Corp. ("SusGlobal" or the "Company") (OTCQB:SNRG), the developer of SusGro™, an award winning, revolutionary and pathogen free organic liquid fertilizer, today announced that its wholly-owned subsidiary SusGlobal Energy Belleville Ltd. ("SusGlobal Belleville") has received Licence # 2984, at Pt. Lot 20, Conc. 8, Geographic Township of Thurlow, City of Belleville, Hastings County, approved by The Ministry of Northern Development, Mines, Natural Resources and Forestry ("NDMNRF") to operate a pit above water under Section 18(3)1 of the Aggregate Resources Act ("ARA") for a 2.66 hectare site with a tonnage condition authorizing removal of 20,000 tonnes of aggregate annually from the site.

"We are pleased to have received this sought after and valuable license for the production and sale of aggregate from the operation of a pit located on our 49-acre Belleville site adjacent to our Organic Waste Processing and Composting Facility," stated Marc Hazout, Executive Chairman, President and CEO of SusGlobal Energy Corp. "Using sustainable, environmentally and socially responsible methods for extraction, the aggregate will be sold under our own brand and translate to additional revenue on a yearly basis from our Belleville land holdings."

About SusGlobal Energy Corp.
SusGlobal Energy Corp., the developer of SusGro™, an award winning, revolutionary and pathogen free organic liquid fertilizer is a biotechnology company focused on acquiring, developing, and monetizing a portfolio of proprietary technologies in the waste to regenerative products applications globally. It is management's objective to grow SusGlobal into a significant sustainable waste to energy, regenerative products provider and a trusted brand for the fertilizer, soil and aquaculture market, as LEADERS IN THE CIRCULAR ECONOMY®. For more information, please visit the Company's website at: www.susglobalenergy.com

Safe Harbor Statement
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's objectives. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, lack of sufficient financial resources; variations in market conditions, currency and our stock; the Company's ability to obtain any necessary permits, approvals, consents or authorizations required for its activities; the Company's ability to produce energy, biogas, compost or organic fertilizer from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company's filings with the U.S. Securities and Exchange Commission, which may be viewed at www.sec.gov.

CONTACT
SusGlobal Energy Corp.
Marc Hazout, President and CEO
(416) 223-8500 or Toll Free: 1-866-512-7374
Email: info@susglobalenergy.com

SOURCE: SusGlobal Energy Corp.

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FAQ

What is the significance of License # 2984 for SusGlobal Energy Corp. (SNRG)?

License # 2984 allows SusGlobal Energy Corp. to remove 20,000 tonnes of aggregate annually, creating a revenue opportunity of $200,000 to $1,000,000.

How will the aggregate be extracted by SusGlobal Energy Corp. (SNRG)?

The aggregate will be extracted using sustainable, environmentally responsible methods from the company's Belleville site.

What is the expected annual revenue from the aggregate extraction for SusGlobal Energy Corp. (SNRG)?

The expected annual revenue from the aggregate extraction ranges from $200,000 to $1,000,000.