EarthRenew Announces Sale of Product to an Alberta Leader in Wellsite Reclamation and Appointment of Key Management
November 24 2020 - 11:00PM
EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is
pleased to announce its first fertilizer sale in 2020. The Company
sold 25 tonnes of its organic fertilizer product to NorthWind Land
Resources Inc. (“Northwind”), a land reclamation company. The
fertilizer is being used by NorthWind at an oil wellsite
reclamation project near Red Deer, Alberta.
The size of the reclaimed site is 3-acres and
NorthWind used specialty equipment to apply 7.69 tonnes per acre of
EarthRenew’s GrowER fertilizer product in a sub soil application.
The site currently faces serious soil compaction and aeration
issues that limit crop growth as proponents return the site to
equivalent land capability. Applying EarthRenew’s GrowER fertilizer
to the soil subsurface at the site is expected to enhance natural
microbial activity, improve soil health and facilitate vegetation
growth. This type of work has been completed historically at other
sites and has proven to greatly improve vegetation performance.
NorthWind’s Robbie
Price commented, “The GrowER fertilizer product has proven
to be very helpful in reclaiming soil by improving soil fertility
and chemistry and promoting root medium development, while
ameliorating compaction through paratilling during pellet injection
to repair soil structure. This type of product and process can help
accelerate soil development in heavily compacted soils and it
provides us with another tool to address the negative environmental
impact that remains once an oil wellsite is closed.”
EarthRenew’s CEO, Keith Driver,
commented, “We are very excited to kick-off sales in 2020
and to see our product used in reclamation projects. There is a
huge opportunity within the province of Alberta as there is an
urgent need to reclaim numerous sites as a result of oil and gas
development. We are proud that we are able to provide a natural,
Alberta-based solution that can contribute to these efforts.”
EarthRenew is also pleased to announce the
appointment of Kerri Lee McGovern as Chief Operating Officer,
effectively immediately.
Kerri Lee McGovern has over 20 years of
operations experience in the technology and venture financing
industries. She has held a variety of senior level positions in
business and market development with responsibility for key
customer acquisition. Prior to joining EarthRenew, Kerri held the
roles of VP of Partnerships and VP of Business Development at Tynt
Multimedia, which was acquired by 33 Across. As a member of the
Executive Leadership Team at EarthRenew, Kerri is responsible for
the development and implementation of EarthRenew’s business and
market strategy, leading growth and scaling the company’s
operations. Kerri holds a degree in Biological Sciences from the
University of Alberta and an MBA from the University of
Victoria.
About
NorthWind Land Resources Inc.
Agrologists, biologists, geologists and forestry
professionals comprise NorthWind's diverse team of environmental
professionals. Since its inception in 1999, NorthWind has grown to
approximately 40 employees. The company specializes in reclamation
and revegetation, soil classification, environmental site
assessment and remediation, and provides cost effective and
technically sound professional services for its clients.
About EarthRenew Inc.
EarthRenew’s mission is to support a farm system
that puts healthy soils and grower profitability back on the table.
EarthRenew transforms livestock waste into a high-performance
organic fertilizer to be used by organic and traditional growers in
Canada and the United States. Located on a 25,000 head cattle
feedlot, our flagship Strathmore plant is capable of producing up
to four MW per hour of low-cost electricity powered by a natural
gas fired turbine. The exhausted heat from the turbine is used to
convert manure into certified organic fertilizer. EarthRenew is
listed on the CSE under the symbol “ERTH”.
Please visit our Company website:
www.earthrenew.ca.
For additional information, please contact:
Keith DriverCEO of EarthRenewPhone: (403) 860-8623E-mail:
kdriver@earthrenew.ca
Cautionary Note regarding
Forward-Looking Information
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the expected benefits of our
GrowER fertilizer at NorthWind’s reclamation site, the business and
operations of EarthRenew, and the Company’s ability to execute its
business plan. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical
and social uncertainties; regulatory risks; and other risks of the
energy and fertilizer industries. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information 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 forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
Neither the Canadian Securities Exchange nor its
Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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