BION ENVIRONMENTAL TECHNOLOGIES INC

Bion Environmental Technologies, Inc.

Company snapshot

• Industry: Environmental technology; developer of the Gen3Tech platform anchored by the Ammonia Recovery System (ARS) to recover ammonia and CO2 from organic waste streams and upcycle them into fertilizers and other co-products.
• Strategic focus (2024–2025): Shifted from large integrated beef/livestock projects to a bolt-on, standalone ARS ammonia-control solution for biogas/AD facilities. Pursues joint ventures, strategic partnerships and licensing rather than exclusively building and operating large facilities.
• Primary markets: Animal waste (CAFOs), industrial wastewater and organic waste streams (food processing, slaughter/packing, municipal wastewater), RNG/biogas projects, and organic/low-carbon fertilizer markets.

Technology platform

• Gen3Tech: Combines anaerobic digestion (AD) with ARS-based ammonia recovery and fertilizer processing, with optional outputs such as renewable energy (biogas/RNG) and other co-products.
• ARS (Ammonia Recovery System): Patented technology that recovers and stabilizes ammonia from AD effluent by evaporating ammonia and capturing CO2 to form ammonium carbonate/bicarbonate, enabling production of organic nitrogen fertilizers (e.g., ammonium bicarbonate). Fourth-generation plans aim to reduce energy use by replacing large evaporators with alternative separation technologies (filters, membranes) to lower capex and opex.
• IP: Six issued U.S. patents with multiple continuations and related filings, plus pending U.S. and international applications covering industrial and municipal waste streams.

Principal products and services

• ARS-derived fertilizers: Organic and low-carbon nitrogen fertilizers, including a 10-0-0 ammonium bicarbonate liquid (AB10). AB10 received OMRI listing in August 2024. Solid fertilizer forms are under development.
• Additional revenue opportunities: Biogas/RNG production and associated environmental credits; sustainable branding (e.g., USDA Process Verified Program) and potential nutrient/carbon credits; water quality/nutrient trading opportunities subject to policy and licensing.
• Standalone offerings: ARS offered as a bolt-on ammonia-control solution and retrofit option for existing digesters and industrial facilities; pursuing licensing and JV arrangements.

Current projects and commercialization

• Initial project: Commercial-scale ARS at Fair Oaks, Indiana (leased site, ~4 acres) with a related waste-disposal agreement. Construction largely completed in 2023; optimization through 2025. Produces AB10 liquid nitrogen fertilizer.
• Project purpose: Validate engineering and economics ahead of larger commercial deployments; decision pending on continued operation at this site versus relocation of core modules.
• Commercial focus: Bolt-on ARS deployments for AD facilities (animal manure and industrial waste) and retrofit opportunities to enable nutrient capture and fertilizer production; pursuing pilots with biogas/RNG developers and industrial partners.

Strategic partnerships

• Kimmeridge Energy Management: MOU executed December 5, 2025 to explore ARS use at a large RNG facility and a potential JV to produce AB fertilizers at an RNG site. Includes a limited right of first refusal on a 10 million share equity investment during the evaluation period (extended due to project delays). FEL-1 and FEL-3 engineering work is underway for integration with RNG digestate; testing and agronomic validation planned with university partners.
• Engineering and business development: Engaged Josh Rapport (lead engineer) in August 2025 to identify projects and partners; Rapport has prior RNG project experience and introduced the company to Kimmeridge.
• Other activities: Pursuing discussions with European and U.S. RNG developers and evaluating licensing/sales arrangements and additional strategic partners in engineering, renewable energy, and fertilizer distribution.

Customers and offtake

• AB10 offtake commitments: Three non-binding commitments totaling 250,000 gallons as of May 2025:
  • Perfect Blend
  • Yield RNG
  • A large U.S. agribusiness partner (confidential)
• These commitments represent early-stage interest and are non-binding.

Employees, facilities and operations

• Employees: Six employees as of September 1, 2026.
• Consultants: Approximately six key consultants; conversion to employees expected as commercialization advances.
• Leadership and hires: New leadership installed in May 2024 with a shift toward bolt-on opportunities; additional hires in engineering, agronomy, project management and marketing planned.
• Corporate office: 9 East Park Court, Old Bethpage, NY 11804.
• Facilities: Initial Project near Fair Oaks, Indiana; evaluating additional commercial-scale ARS deployment sites.

Financial snapshot (selected)

• Net loss: $1,958,000 for the year ended June 30, 2026; $2,380,000 for the year ended June 30, 2025.
• Financial position (as of June 30, 2026):
  • Working capital deficit: approximately $7.264 million.
  • Stockholders’ equity: approximately $7.192 million.
• Going concern: Consolidated financial statements were prepared with substantial doubt about the company’s ability to continue as a going concern.
• Balance sheet impacts: The company has been engaged in settlements and debt restructurings related to prior projects and facility construction (e.g., Hamstra/Dilling settlements; North Prairie Holdings settlement), which affect current liabilities and future financing dynamics.

Patents and intellectual property

• Issued U.S. patents: Six patents with related continuations and pending applications. Examples of granted U.S. patents:
  • 8,287,734 — Method for Treating Nitrogen in Waste Streams
  • 10,106,447; 10,604,432; 10,793,458; 11,254,581; 11,858,823 — various processes to recover ammonium bicarbonate from wastewater
• Pending filings: U.S. provisional and utility applications and international filings (EP and MX) related to ammonium bicarbonate recovery.
• Patent practice: The company expenses patent costs and continues to file for broader protections as technological improvements are developed.

Summary

Bion Environmental Technologies develops and commercializes the Gen3Tech platform centered on the ARS to recover ammonia and CO2 from organic waste streams and produce organic nitrogen fertilizers and other byproducts. The company has shifted toward standalone ARS deployments and retrofit opportunities for existing facilities while pursuing strategic partnerships, joint ventures and licensing arrangements to support commercialization. The company holds six issued U.S. patents, operates a commercial-scale ARS at Fair Oaks, Indiana, and has non-binding AB10 offtake commitments totaling 250,000 gallons.

Figures and statements reflect the referenced filing.