- EverGen Infrastructure Corp. announces upgrade from OTCQB(R) Venture Market to OTCQX market in US; Company’s common shares to be quoted under “EVGIF” symbol
- OTCQX listing provides EverGen increased visibility and access to broader investor audience as company gears up to continue to execute on its ambitious growth plans
- This move comes amid favorable market conditions; global waste-to-energy market is projected to grow at a CAGR of 15.62% and reach USD 103.95 billion by 2027
As renewable natural gas (“RNG”) rapidly transforms from niche fuel to mainstream replacement for conventional natural gas, opportunities open up in the sector and EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) appears poised to seize them. After what could be described as a hot streak in which the company embarked on a nationwide expansion, this leading Canadian renewable energy company and renewable natural gas infrastructure platform is gearing up for the next chapter in its growth journey. The company has announced that its common shares were to commence trading on the OTCQX(R) Best Market in the United States under the symbol “EVGIF” (https://ibn.fm/5piOX).
For EverGen, this milestone marks an upgrade from the OTCQB(R) Venture Market, where the company’s common shares had been trading since February 2022 (https://ibn.fm/udiEh). After a seven-month stint on this platform reserved for early-stage and developing US and international companies that cannot yet qualify for the most rigorous entry requirements, EverGen progressed toward the top tier OTC market – OTCQX(R) Best Market (OTCQX). The company’s financial disclosure and Real-Time Level 2 quotes are available for US investors at www.OTCMarkets.com.
The OTCQX listing helps public companies enhance their liquidity, increase visibility, and expand investor reach, allowing them to diversify their shareholder base through an established, SEC-recognized public market. For example, investors who don’t have access to trading on the TSX Venture Exchange will be able to access EverGen’s common shares through regulated US broker-dealers.
“During this milestone rich quarter for EverGen, we are pleased to provide increased access and liquidity for investors in the US who seek to participate in the energy transition,” announced Chase Edgelow, CEO of EverGen. “An upgrade to the OTCQX in the United States is a natural progression for EverGen allowing us to introduce our RNG infrastructure platform to a broader audience as we continue to execute on our growth plans with clear visibility to deliver over 1 million gigajoules of RNG annually,” he concluded.
This move comes amid a burgeoning alternative energy market and a strong push for energy transition toward greener solutions, including those based on using waste to create fuel. RNG sector uses organic waste such as food, agriculture, wood, and wastewater that would otherwise release methane, the most potent greenhouse culprit, to produce RNG. As a green energy source interchangeable with conventional natural gas, RNG has the potential to slash carbon emissions in a cost-effective way. Unlike its conventional counterpart, RNG is not a fossil fuel but a clean and affordable waste-derived fuel that can offer a much-needed response to the pressing needs to decarbonize the economy.
Landfills are among the biggest sources of methane, a major contributor to global warming, so tackling waste seems pivotal in progressing toward a greener society (https://ibn.fm/80LCs). According to the California Air Resources Board, RNG sourced from landfill-diverted waste can reduce greenhouse gas emissions by 125% (https://ibn.fm/KOoHC). As the international race toward a more climate-friendly economy accelerates, Canada aims to position itself as a global leader in investment in renewable energy. Although many RNG projects are emerging across the country, this may be just the beginning of what is possible in terms of the potential to slash greenhouse emissions. Recent research shows that the global waste to energy market is projected to reach USD 103.95 billion by 2027, growing at a CAGR of 15.62% from USD 50.31 billion in 2022 (https://ibn.fm/U7o1U).
In a country that leads when it comes to RNG use, EverGen seems to have emerged as a high-growth pioneer that rapidly expands its footprint across three provinces – from British Columbia, where it had its beginnings, to new projects in Alberta and Ontario. The company remains committed to building reliable infrastructure that aims to turn low-value organic waste into a valuable renewable energy resource and establish itself as an emerging leader in an industry that is yet to flourish.
For more information, visit the company’s website at www.EvergenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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