BION ENVIRONMENTAL TECHNOLOGIES INC

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.

Bion Environmental Technologies Inc. reported a net loss of $(423,584) for the three months and $(1,360,034) for the nine months ended March 31, 2026. The company's financial statements were prepared under a going concern assumption, but significant doubts exist due to a lack of substantial revenue and the need for considerable external funding. Bion plans to raise $3 million to $10 million in debt and/or equity, and an additional $8 million for its initial Ammonia Recovery System (ARS) project, while shifting its focus to smaller 'bolt-on' opportunities.