Bion Environmental provides update

Bion Environmental gave an update and announced a shareholder call with management set for October 9. Bion is finalizing testing and data runs at its Ammonia Recovery System demonstration facility at Fair Oaks, Indiana. Final economic optimization is being completed, the company is acquiring data for a third-party engineering report, and is are preparing for final design of the full commercial scale ARS for the Stovall-Bion JV. Bion anticipates completion of this phase in this quarter. The company has received funding from the loan group, although a formal agreement is expected by mid-next week. Bion is in the pre-development phase of the Stovall-Bion project, with a goal to begin construction by December 31.