MoUJun 11, 2026, 02:11 PM
Bion Environmental extends MOU with Kimmeridge for 6 months
AI Summary
Bion Environmental Technologies Inc. announced an extension of its Memorandum of Understanding (MOU) with Kimmeridge Energy Management, LLC, for an additional six months, effective June 6, 2026. The extension maintains all original terms and conditions, including the Right of First Refusal (ROFR), which has had its triggering date reset. This MOU establishes a preliminary framework for engineering, testing, collaboration, and negotiation of definitive agreements regarding the integration of Bion's ammonium bicarbonate technology with a Kimmeridge RNG Facility and the potential formation of a joint venture.
Key Highlights
- Bion Environmental Technologies and Kimmeridge Energy Management extended their Memorandum of Understanding (MOU) for six months.
- The extension is effective June 6, 2026, and will expire on December 6, 2026.
- All terms and conditions of the original MOU, executed on December 5, 2025, remain in full force.
- The Right of First Refusal (ROFR) granted in the MOU is also extended, with its triggering date reset to June 6, 2026.
- The MOU outlines a framework for integrating Bion's ammonium bicarbonate technology with a Kimmeridge RNG Facility.
- The agreement also covers the negotiation for the formation of a joint venture.
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