EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, will releases its 2022 first-quarter financial results after market close today, May 24, 2022. In addition, the company will host a Zoom conference call to discuss company financial results and corporate updates on Wednesday, May 25. The Zoom event will begin at 10 a.m. ET. EverGen CEO Chase Edgelow will lead the call. In addition, EverGen signed a definitive agreement to acquire 50% interest in a portfolio of RNG development projects, known as Project Radius and owned by Northeast Renewables LP. The acquisition gives EverGen entry into the Ontario market and has potential to triple the company’s RNG capacity, exceeding 1 million GJ annually; the deal also gives EverGen a presence in three of the four largest jurisdictions in Canada and positions the company as the leading RNG infrastructure platform in the country. “The acquisition of Project Radius provides a foothold in Ontario, a new and strategic jurisdiction in which EverGen can continue to participate in the consolidation and growth of the RNG industry in the near term, as well as benefit from project economics in line with or exceeding those we have seen with our initial projects,” said EverGen CEO Chase Edgelow in the press release. “Working alongside Northeast to advance the projects, EverGen will deliver on our platform expansion commitments with the potential to exceed 1,000,000 GJ of RNG production annually. Ontario has an abundant amount of excess organic feedstock, and as a leader in the RNG industry, EverGen can develop the sustainable infrastructure that contributes to carbon-negative energy production and the greening of the province.”
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About EverGen Infrastructure Corp.
EverGen, Canada’s renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. EverGen is an established independent renewable energy producer that acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste-to-energy and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America. For more information about EverGen and its products, visit www.EverGenInfra.com.
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