EverGen Infrastructure Corp.
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EverGen Infrastructure Announces New 20-Year Offtake Agreement with FortisBC Energy Inc. Now in Effect
Businesswire· 2026-01-16 14:00
Core Viewpoint - EverGen Infrastructure Corp. has entered into a 20-year Biomethane Purchase Agreement with FortisBC Energy Inc. for the purchase of Renewable Natural Gas produced at its Fraser Valley Biogas facility, marking a significant step in supporting renewable energy initiatives and reducing greenhouse gas emissions [1][2]. Group 1: Agreement Details - The Biomethane Purchase Agreement (BPA) allows FortisBC to purchase Renewable Natural Gas (RNG) from Fraser Valley Biogas Ltd. (FVB) for integration into its natural gas system, which will help reduce reliance on conventional natural gas and lower greenhouse gas emissions [2][3]. - This agreement provides EverGen with a long-term, contracted revenue stream and supports FortisBC's commitment to a renewable and lower carbon gas supply [2][3]. Group 2: Company Background - Fraser Valley Biogas, a wholly owned subsidiary of EverGen, is recognized as the original RNG project in Western Canada and the first to inject RNG into FortisBC's network, utilizing anaerobic digestion and biogas upgrading processes [4]. - The facility not only produces RNG but also generates organic liquid fertilizer from agricultural waste, contributing to sustainable farming practices in the region [4]. Group 3: Company Mission and Growth - EverGen Infrastructure Corp. is positioned as Canada's Renewable Natural Gas Infrastructure Platform, focusing on combating climate change and promoting sustainable energy solutions [5]. - The company is an independent renewable energy producer with plans for continued growth across North America, emphasizing the development and operation of renewable energy projects [5].
EverGen Infrastructure Announces Closing of New FCC Credit Facility and $1.9 Million Private Placement
Businesswire· 2026-01-16 00:46
Core Viewpoint - EverGen Infrastructure Corp. has successfully closed a $13.0 million asset-level debt facility with Farm Credit Canada, which will support its subsidiary Fraser Valley Biogas Ltd. [1] Financial Developments - The company has repaid the majority of its corporate debt facility, indicating a strengthening financial position [1] - The closing of the second tranche of its previously announced non-brokered private placement is also highlighted, suggesting ongoing capital-raising efforts [1]
EverGen Infrastructure Provides Update on Debt Refinancing and Private Placement
Businesswire· 2026-01-13 04:49
Core Viewpoint - EverGen Infrastructure Corp. is advancing its debt refinancing and private placement initiatives, which are expected to strengthen its financial position and support growth in 2026 [2][3]. Debt Refinancing Activities - EverGen has executed a letter of intent for a $13 million asset-level debt facility aimed at repaying a majority of its corporate debt, with terms aligned to its current operations [2]. - The company has entered into a Credit Agreement with Farm Credit Canada for a $13 million term loan and a $250,000 operating line of credit, with closing expected soon [3]. Private Placement Update - The second tranche of a non-brokered private placement is being extended for up to 11,666,667 common shares, aiming for gross proceeds of up to $7 million at a price of $0.60 per share [4]. - The first tranche closed on May 21, 2025, raising $5 million through the issuance of 8,333,333 common shares [4]. - The second tranche is expected to close soon, with proceeds primarily allocated for debt repayment and working capital [5]. Company Overview - EverGen Infrastructure Corp. is a Canadian renewable natural gas infrastructure platform focused on combating climate change and promoting sustainability [6]. - The company operates a portfolio of renewable energy projects and is expected to continue its growth across North America [6].
EverGen Infrastructure Corp. (EVGN:CA) Shareholder/Analyst Call Prepared Remarks Transcript
Seeking Alpha· 2025-12-11 23:22
Group 1 - The Annual General and Special Meeting of EverGen Infrastructure Corp. is being held both in person and via video conference [2][4] - The meeting is chaired by the CEO of EverGen, Chase Edgelow, who also introduced the directors and officers present [1][2] - A brief corporate update will follow the formal meeting, with a more comprehensive update planned for the coming weeks [3] Group 2 - The meeting will include a report from the scrutineer on the shareholders present, both in person and by proxy, as well as the results of any ballots or polls [4]
EverGen Infrastructure Reports Q3 2025 Results
Businesswire· 2025-11-21 00:51
Core Insights - EverGen Infrastructure Corp. reported its Q3 2025 financial results, highlighting a record in RNG production and ongoing optimization efforts across its facilities [2][5]. Financial Performance - Revenue for Q3 2025 was CAD 2.81 million, a decrease of 22% from CAD 3.60 million in Q3 2024 [4]. - The net loss increased to CAD 1.11 million in Q3 2025 from CAD 0.47 million in Q3 2024, marking a 134% rise [4][8]. - Adjusted EBITDA for Q3 2025 was CAD 0.47 million, down 52% from CAD 0.98 million in the same period last year [4][9]. - Total assets decreased by 16% to CAD 76.54 million from CAD 91.64 million year-over-year [4]. Operational Highlights - RNG production reached a new quarterly record, with total production of 51,770 gigajoules in Q3 2025, an increase of 27% compared to 40,674 gigajoules in Q3 2024 [4][7]. - The FVB facility set a new monthly RNG production record of over 13,000 gigajoules in September 2025 [3][5]. - Incoming organic feedstock decreased by 40% to 15,310 tonnes compared to 25,555 tonnes in Q3 2024 [4]. Strategic Developments - The PCR RNG Expansion project received regulatory support from Abbotsford City Council in July 2025, marking a key milestone [5][10]. - The company is advancing refinancing efforts, targeting a CAD 13 million debt facility to close in Q4 2025, along with an additional private placement of up to CAD 2 million [11]
EverGen Infrastructure Provides Operations and Development Updates
Businesswire· 2025-09-26 23:13
Core Insights - EverGen Infrastructure Corp. provided updates on its operations in renewable natural gas (RNG) and organic waste processing facilities, highlighting strong production metrics and strategic initiatives aimed at enhancing revenue and profitability [1][2][3] Operations Update - In July 2025, EverGen's Fraser Valley Biogas and GrowTEC facilities produced approximately 16,000 gigajoules (GJs) (~520 GJ/d), while in August 2025, production increased to over 17,000 GJs (~550 GJ/d), indicating stable growth in core RNG assets [2] - The company focused on optimization initiatives at its organic waste processing facilities, including screening finished compost and reducing inventory [2] - The PCR RNG Expansion project achieved a key regulatory milestone with support from Abbotsford City Council, and a legacy organics processing contract with the City of Coquitlam was terminated [2] Strategic Initiatives - EverGen aims to attract higher-value organic feedstock through process improvements and RNG expansion, which are expected to support increased revenue in 2026 and long-term profitability [2][3] - The company is committed to optimizing its RNG and organics processing platform while delivering strong operational performance and driving sustainable growth [3] Company Overview - EverGen Infrastructure Corp. is recognized as Canada's Renewable Natural Gas Infrastructure Platform, focusing on combating climate change and contributing to a sustainable future [3] - The company is an established independent renewable energy producer, acquiring, developing, building, owning, and operating a portfolio of RNG and waste-to-energy projects, with growth expected across North America [3]
EverGen Infrastructure Corp. Announces Participation in the 2025 Canadian Climate Investor Conference
Newsfile· 2025-06-09 22:19
Company Overview - EverGen Infrastructure Corp. is a Canadian renewable energy company focused on waste-to-energy projects and establishing a renewable natural gas infrastructure platform across Canada [2] - Since its incorporation in May 2020, EverGen has been acquiring, developing, owning, operating, and consolidating a portfolio of compost, renewable natural gas, waste-to-energy, and related sustainable infrastructure projects [2] - The company currently operates two renewable natural gas production facilities: Fraser Valley Biogas in Abbotsford, British Columbia, and Grow the Energy Circle Ltd. in Lethbridge, Alberta, along with two composting facilities: Pacific Coast Renewables and Sea to Sky Soils, both located in British Columbia [2] Industry Context - The Canadian Climate Investor Conference (CCIC) is hosted by the Toronto Stock Exchange and TSX Venture Exchange, aimed at bringing together clean technology and renewable energy companies with climate-conscious investors [3] - The conference focuses on showcasing clean technology investments and aims to democratize the ability for investors to participate in the growing clean technology ecosystem [4] - The event is designed to facilitate the sharing of ideas and accelerate the deployment of capital necessary for building a sustainable future in Canada [3][4] Event Participation - EverGen Infrastructure Corp. will be presenting at the 2025 Canadian Climate Investor Conference on June 11, 2025, at the Arcadian Court in Toronto, Ontario [1]
EverGen Infrastructure Corp. Announces Closing of First Tranche of Private Placement and Change of Management
Globenewswire· 2025-05-22 05:21
Core Viewpoint - EverGen Infrastructure Corp. has successfully closed a Private Placement transaction with Ask America, LLC, raising CAD$5,000,000 and undergoing a significant Change of Management [1][2][6]. Private Placement - The first tranche of the Private Placement involved the issuance of 8,333,333 Common Shares at a price of $0.60 per share, resulting in gross proceeds of CAD$5,000,000 [2]. - The Company anticipates additional tranches of the Private Placement, potentially raising up to CAD$7,000,000 in total [2]. - The Common Shares from the Private Placement are subject to a four-month hold period under applicable securities laws [3]. Change of Management - A majority of the executive officers and directors resigned, with a new management team appointed, including Chase Edgelow as CEO and Ron Green as COO [6]. - The new Board of Directors consists of Chase Edgelow, Varun Anand, Blake Almond, and Mischa Zajtmann, and these changes were approved by a majority of shareholders [6]. Shareholder Impact - Following the Private Placement, Ask America holds approximately 37% of the issued and outstanding Common Shares on a non-diluted basis and about 34% on a fully diluted basis [8]. - Prior to the Private Placement, Ask America did not own any securities of the Company [8]. Equity Incentive Grant - The Company granted 1,500,000 stock options, 150,000 deferred share units, and 350,000 restricted share units to certain directors and officers as part of its equity incentive plan [10]. - The stock options have an exercise price of $0.60 per Common Share and a seven-year term, with vesting occurring over three years [10]. Company Overview - EverGen Infrastructure Corp. is a Canadian renewable natural gas infrastructure platform focused on combating climate change and promoting sustainable energy solutions [11]. - The Company is headquartered on the West Coast of Canada and is involved in acquiring, developing, and operating renewable energy projects [11].
EverGen Infrastructure Corp. Announces Receipt of TSX Venture Exchange Final Approval of Real Property Sale and Update to Previously Announced Financing
GlobeNewswire News Room· 2025-05-15 00:37
Core Points - EverGen Infrastructure Corp. has received final approval from the TSX Venture Exchange for a purchase and sale agreement related to the disposition of a property in Abbotsford, B.C. for a total purchase price of CAD$2,620,000 [1][2] - The transaction includes a deferred payment of CAD$870,000 to be paid upon the completion of the sale of a separate property owned by the purchasers, expected by the end of May 2025 [2] - The vendor has leased a portion of the property back from the purchasers for up to 20 years, with an annual rent of CAD$186,000, reduced to CAD$124,236 while the deferred amount is outstanding [3] - The transaction is classified as a related party transaction due to the involvement of James Betts, the Chief Operating Officer of the company, and the company is relying on exemptions from certain requirements under Multilateral Instrument 61-101 [4] - EverGen is also updating on a share purchase and reorganization agreement with Ask America, LLC, anticipating gross proceeds of up to CAD$7,000,000, with all material conditions satisfied prior to closing [5] - EverGen is focused on renewable energy projects in Canada and aims for continued growth across North America and beyond [6]
EverGen Infrastructure Corp. Announces Private Placement of Common Shares and Entering Into of Share Purchase and Reorganization Agreement
Globenewswire· 2025-04-23 14:09
Core Viewpoint - EverGen Infrastructure Corp has entered into a share purchase and reorganization agreement with Ask America, LLC, which includes a private placement of common shares expected to raise up to CAD$7,000,000 [1][2]. Private Placement - The private placement will involve the issuance of up to 11,666,667 common shares at a price of CAD$0.60 per share, with Ask America agreeing to purchase 8,333,333 shares for CAD$5,000,000 [2]. - A deposit of CAD$1,800,000 has already been paid by the Purchaser, with the remaining CAD$3,200,000 due at closing [2]. - The proceeds from the private placement will be used for working capital and general corporate purposes [2]. Change of Management - Concurrent with the private placement, a majority of the current executive officers and directors will resign, and a new management team will be appointed, including Chase Edgelow as CEO and Ron Green as COO [3]. - The new board will consist of Chase Edgelow, Varun Anand, Blake Almond, and Mischa Zajtmann, marking a significant change in management structure [3]. Management Team Background - Chase Edgelow brings 20 years of experience in energy and infrastructure, previously serving as co-founder and CEO of EverGen [6]. - Ron Green has over 30 years of experience in the energy and infrastructure sectors, with a proven track record in operational excellence [7][8]. - Sean Hennessy, the new CFO, has over 15 years of finance experience in clean energy and infrastructure [9]. - Varun Anand has over a decade of investment experience, particularly in renewable energy [10]. - Blake Almond has 17 years of experience in M&A and capital markets, focusing on circular economy infrastructure [11]. - Mischa Zajtmann, a co-founder of EverGen, has extensive experience in corporate securities and M&A [12]. Corporate Strategy - The company aims to enhance shareholder value through operational excellence, cost optimization, and strategic growth following the private placement and management changes [13][14][15]. - Immediate focus will be on maximizing returns through performance-driven systems and accountability frameworks [13]. Shareholder and Regulatory Approvals - The completion of the private placement and management changes is subject to approval from the TSX Venture Exchange and consent from disinterested shareholders holding more than 50% of common shares [16][17]. Company Overview - EverGen Infrastructure Corp is a Canadian renewable natural gas infrastructure platform focused on combating climate change and promoting sustainable energy solutions [18].