Latest news with #EverGenInfrastructureCorp
Business Wire
5 days ago
- Business
- Business Wire
EverGen Infrastructure Corp. Announces Appointment of Maria O'Sullivan as Interim CFO
VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (' EverGen ' or the ' Company ') (TSXV: EVGN) is pleased to announce the appointment of Maria O'Sullivan as its Interim Chief Financial Officer (" CFO"), effective immediately. Ms. O'Sullivan will replace Sean Hennessy who has resigned from his role as of the same day. "On behalf of the Board of Directors and the entire team at EverGen, I would like to thank Sean for his leadership and dedication. His contributions have been instrumental in laying the foundation for our platform as a leading renewable natural gas infrastructure company and through our recent transaction," said Chase Edgelow, Chief Executive Officer. "We wish Sean all the best in his future endeavors." Maria is a Chartered Accountant with over 12 years of finance and accounting experience, primarily within in the energy and infrastructure industries. Maria obtained her Chartered Accountant designation at KPMG Ireland, before relocating to Canada. She is experienced with financial reporting for public companies under both IFRS and US GAAP, on both the New York Stock Exchange and the Toronto Stock Exchange. Maria holds a Bachelor of Commerce and French from the University of Galway and a Master of Accounting from University College Dublin. "Maria has been an integral part of the Company since joining and brings strong financial acumen, industry knowledge, and continuity to the role," added Mr. Edgelow. "Her leadership will support a smooth transition as we continue to execute our strategy and scale our renewable energy platform across Canada." About EverGen Infrastructure Corp. EverGen, Canada's Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen Infrastructure Corp. and our projects, please visit Cautionary Statements Regarding Forward Looking Information This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes', and or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, regulatory, competitive, political and social uncertainties and; the delay or failure to receive required approvals (including shareholder, board, third party and regulatory approvals). There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, EverGen assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Yahoo
09-06-2025
- Business
- Yahoo
EverGen Infrastructure Corp. Announces Participation in the 2025 Canadian Climate Investor Conference
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - EverGen Infrastructure Corp. (TSXV: EVGN), a Canadian renewable energy company specializing in waste-to-energy projects, announced today that it will be presenting at the 2025 Canadian Climate Investor Conference (CCIC), taking place on Wednesday June 11, 2025 at the Arcadian Court in Toronto, Ontario. For a complete agenda of the conference and to register, see the conference website here: About EverGen Infrastructure Corp. EverGen Infrastructure Corp. ('EverGen') is a British Columbia based company focused on establishing a renewable natural gas infrastructure platform across Canada. Since incorporation in May 2020, EverGen has executed its strategy of acquiring, developing, owning, operating, and consolidating a portfolio of compost, renewable natural gas, waste-to-energy, and related sustainable infrastructure projects in Canada and other regions of North America. EverGen currently owns and operates two renewable natural gas ('RNG') production facilities, Fraser Valley Biogas, located in Abbotsford, British Columbia, and Grow the Energy Circle Ltd. ('GrowTEC'), located in Lethbridge, Alberta, and owns and operates two composting facilities, Pacific Coast Renewables, located in Abbotsford, British Columbia, and Sea to Sky Soils, located in Pemberton, British Columbia. About the Canadian Climate Investor Conference The Canadian Climate Investor Conference (CCIC), hosted by Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), brings together growth-oriented clean technology and renewable energy companies, and climate conscious investors, to share ideas and discover ways to accelerate the deployment of capital needed to build a more sustainable future for Canadians. The conference showcases clean technology investments and is designed to help democratize the ability for investors to participate in growing the clean technology ecosystem. For further information:Laura BurnsHead of Sustainability(604)-346-0531laura@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
EverGen Infrastructure Corp (EVGIF) Q1 2025 Earnings Call Highlights: Record Production and ...
Release Date: June 03, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EverGen Infrastructure Corp (EVGIF) completed a transformative $5 million equity investment, strengthening its financial position. The company reported record production in March and April, indicating strong operational performance in its RNG business. EverGen Infrastructure Corp (EVGIF) has a long-term aligned capital partner, enhancing its ability to execute near-term plans. The leadership team, including the return of CEO Chase Edgelow and the addition of COO Ron Green, brings extensive experience and a focus on operational excellence. The company is positioned to benefit from regulatory tailwinds, such as increased allocation to the Clean Fuels Fund, supporting its clean energy initiatives. Q1 was challenging due to financial strain, with limited capital affecting operational efficiency and preventative maintenance. Revenue was impacted by volume curtailments at composting facilities due to operational bottlenecks. The company faced operational disturbances, including a fire in Q4, highlighting vulnerabilities in its infrastructure. There are ongoing challenges with regulatory bottlenecks, particularly affecting the PCR RNG expansion project. The company is still working on refinancing its corporate loan, indicating ongoing financial restructuring needs. Warning! GuruFocus has detected 2 Warning Signs with EVGIF. Q: Are you able to provide an update on the second tranche of the private placement of up to 2 million dollars? A: We are spending the next couple of weeks engaging with shareholders to ensure they have time to participate and consider this opportunity. A deadline for the private placement will be set shortly, and we will communicate this to our shareholders. Q: Can you provide an update on the debt refinancing? A: We have been working on refinancing the corporate loan, and we have a letter of intent. We are progressing towards a loan agreement and expect to have positive news in the coming months, hopefully sooner. Q: Can you comment on the ramp-up of Fraser Valley Biogas' R&G production? A: March and April were strong months, and May has continued this trend. We aim to operate at nameplate capacity, barring any seasonal challenges. With a full year of planning and available capital for preventative maintenance, we are optimistic about maintaining this capacity. Q: Could you provide an update on the PCR RNG project and Project Radius? A: The PCR RNG project is moving through regulatory approvals, and we expect an update in Q3. For Project Radius in Ontario, post-election uncertainties have been removed, and we are working with financial sponsors to progress the project to a shovel-ready state. Q: What are the strategic plans for Evergen moving forward? A: Our immediate focus is achieving nameplate capacity at Fraser Valley and Grotech. We are reviewing growth projects at Grotech and other facilities, focusing on high ROI potential. Long-term, we aim to pursue brownfield acquisitions and greenfield projects, leveraging our unique position in the market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
06-06-2025
- Business
- Yahoo
EverGen Infrastructure Corp (EVGIF) Q1 2025 Earnings Call Highlights: Record Production and ...
Release Date: June 03, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EverGen Infrastructure Corp (EVGIF) completed a transformative $5 million equity investment, strengthening its financial position. The company reported record production in March and April, indicating strong operational performance in its RNG business. EverGen Infrastructure Corp (EVGIF) has a long-term aligned capital partner, enhancing its ability to execute near-term plans. The leadership team, including the return of CEO Chase Edgelow and the addition of COO Ron Green, brings extensive experience and a focus on operational excellence. The company is positioned to benefit from regulatory tailwinds, such as increased allocation to the Clean Fuels Fund, supporting its clean energy initiatives. Q1 was challenging due to financial strain, with limited capital affecting operational efficiency and preventative maintenance. Revenue was impacted by volume curtailments at composting facilities due to operational bottlenecks. The company faced operational disturbances, including a fire in Q4, highlighting vulnerabilities in its infrastructure. There are ongoing challenges with regulatory bottlenecks, particularly affecting the PCR RNG expansion project. The company is still working on refinancing its corporate loan, indicating ongoing financial restructuring needs. Warning! GuruFocus has detected 2 Warning Signs with EVGIF. Q: Are you able to provide an update on the second tranche of the private placement of up to 2 million dollars? A: We are spending the next couple of weeks engaging with shareholders to ensure they have time to participate and consider this opportunity. A deadline for the private placement will be set shortly, and we will communicate this to our shareholders. Q: Can you provide an update on the debt refinancing? A: We have been working on refinancing the corporate loan, and we have a letter of intent. We are progressing towards a loan agreement and expect to have positive news in the coming months, hopefully sooner. Q: Can you comment on the ramp-up of Fraser Valley Biogas' R&G production? A: March and April were strong months, and May has continued this trend. We aim to operate at nameplate capacity, barring any seasonal challenges. With a full year of planning and available capital for preventative maintenance, we are optimistic about maintaining this capacity. Q: Could you provide an update on the PCR RNG project and Project Radius? A: The PCR RNG project is moving through regulatory approvals, and we expect an update in Q3. For Project Radius in Ontario, post-election uncertainties have been removed, and we are working with financial sponsors to progress the project to a shovel-ready state. Q: What are the strategic plans for Evergen moving forward? A: Our immediate focus is achieving nameplate capacity at Fraser Valley and Grotech. We are reviewing growth projects at Grotech and other facilities, focusing on high ROI potential. Long-term, we aim to pursue brownfield acquisitions and greenfield projects, leveraging our unique position in the market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Wire
31-05-2025
- Business
- Business Wire
EverGen Infrastructure Reports Q1 2025 Results
VANCOUVER, British Columbia--(BUSINESS WIRE)-- EverGen Infrastructure Corp. ('EverGen' or the 'Company') (TSXV: EVGN) (OTCQX: EVGIF), today reported financial results as at and for Q1 2025. All amounts are in Canadian dollars unless otherwise stated and have been prepared in accordance with IFRS. Financial Highlights for Q1 2025: Revenues of $1.9 million for Q1 2025 decreased 41% compared to the same period last year, primarily driven by reduced volumes (due to unexpected operating disturbances) resulting in lower tip fee revenue at the Company's organic waste and composting facilities. These declines were partially offset by increased RNG production and associated revenues from FVB and GrowTEC, as well as tip fee increases at the Company's composting facilities. Net loss of $1.2 million for Q1 2025 improved by 11% compared to the same period last year, primarily due to lower direct operating costs, depreciation and amortization expense, and finance costs, partially offset by lower revenues and a decrease in insurance proceeds. Adjusted EBITDA of $0.5 million for Q1 2025 decreased by $0.2 million compared to the same period last year, primarily due to reduced revenues and lower insurance proceeds, partially offset by a decrease in direct operating costs and an increase in non-recurring general and administrative expenses. RNG production reached a new quarterly record in Q1 2025, driven by the continued ramp-up and stabilization of the FVB RNG expansion project. The FVB facility achieved monthly RNG production record exceeding 12,000 gigajoules (GJs) in both March and April 2025, surpassing the previous high of 11,186 GJs in September 2024. A daily production record of 640 GJs was also set in October 2024. (1) Please refer to 'Non-GAAP Measures'. Closing of Private Placement & Management Change (Subsequent Event to Q1 2025): In May 2025, EverGen announced closing of first tranche of private placement for gross aggregate proceeds of CAD$5,000,000 and completed a change of management. See full press release filed on SEDAR+. Further Information & Conference Call Details For further information on the results please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR+ at and on EverGen's website at EverGen will hold a results and corporate update conference call at 11:30 a.m. Eastern Time on Tuesday, June 3, 2025, hosted by Chief Executive Officer, Chase Edgelow. Date: Tuesday, June 3, 2025 Time: 11:30 a.m. ET Zoom Link: Find the latest Corporate Presentation in the Investor Center: About EverGen Infrastructure Corp. EverGen, Canada's Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen Infrastructure Corp. and our projects, please visit Non-GAAP Measures EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by IFRS. The terms EBITDA, adjusted EBITDA and working capital are not recognized measures under IFRS and may not be comparable to that reported by other companies. EverGen believes that, in addition to measures prepared in accordance with IFRS, the non-IFRS measurement provide useful information to evaluate the Company's performance and ability to generate cash, profitability and meet financial commitments. These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for other measures of performance prepared in accordance with IFRS. EBITDA is defined as net income (loss) before interest, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for share-based payment expenses, unusual or non-recurring items, contingent consideration gains and losses and non-controlling interests in adjusted EBITDA. Working capital is calculated as current assets less current liabilities. Forward-Looking Information This news release contains certain forward-looking statements and/or forward-looking information (collectively, 'forward looking statements') within the meaning of applicable securities laws. When used in this release, such words as 'would', 'will', 'anticipates', 'believes', 'explores', 'expects' and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. More particularly, and without limitation, this press release contains forward looking statements and information concerning the Company's expectations regarding revenue growth and future financial or operating performance. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom, and accordingly, readers are cautioned not to put undue reliance on the forward-looking statements contained in this press release. The Company cautions that these forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the current inflationary environment; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company's completed acquisitions; the sufficiency of EverGen's liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, and the factors discussed under 'Risk Factors' in the Company's Annual Information Form dated April 22, 2024, which is available on SEDAR+ at many of which are beyond the control of EverGen. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly required by applicable law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
