SENR Strategic Environmental and Energy Resources Inc (QB)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): June 14, 2024

 

Strategic Environmental & Energy Resources, Inc.

(Exact Name of Registrant as Specified in Charter)

 

nevada		000-54987		02-0565834
(State or Other Jurisdiction of Incorporation)		Commission File Number		(IRS Employer Identification No.)

 

370 Interlocken Blvd, Suite 680, Broomfield, CO 80021

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (720)-460-3522

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

	☐	Written communications pursuant to Rule 425 under the Securities Act
	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act
	☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
	☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Exchange Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common		SENR		OTC

 

 

 

Item 8.01 Other Events.

 

On June 14, 2024, Strategic Environmental & Energy Resources, Inc (“the Company or SEER”) announced that its SEM, LLC (SEM) subsidiary has secured purchase orders for its kilns from Biochar Now, LLC (BCN). These orders total approximately $600,000, and are expected to be delivered during fiscal second and third quarter.

 

The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01. Financial Statements and Exhibits

 

	(d)	Exhibits
		99.1	Press Release dated June 14, 2024
		104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Strategic Environmental & Energy Resources, Inc
Date: June 14, 2024
By:	/s/ J. John Combs III
	J. John Combs III
	Chief Executive Officer

 

 

 

Exhibit 99.1

 

 

SEER RECEIVES CONTRACT FROM BIOCHAR NOW FOR THE MANUFACTURING OF KILNS AND INTENDS TO OPEN A JV TEXAS BIOCHAR FACILITY

 

SEER’s product and manufacturing division, SEM, LLC, receives its first order from Biochar Now for the manufacturing of 33 kilns totaling approximately $600,000

 

BROOMFIELD, CO – June 14, 2024 - Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), a provider of environmental, renewable fuels and industrial waste stream management services, recently had its wholly-owned operating company, SEM, LLC, receive a new purchase order to provide kilns to Biochar Now, LLC (“BCN”) (www.biocharnow.com). The purchase order totals approximately $600,000 and is part of BCN’s nationwide expansion program.

 

“Providing kiln bodies and other related equipment to BCN will become a significant part of SEER’s go-forward growth strategy,” said John Combs, CEO of SEER. “We have been working closely with BCN over the last year to develop mutually beneficial domestic and international growth plans, and this first order is an important step in the implementation of our strategy. SEER is collaborating with one of its large shareholders with vast experience in manufacturing that will assist SEER in the fulfillment of this and future kiln orders,” said Combs.

 

“BCN has been aggressively pursuing its worldwide expansion program and we now have five locations established and operational in both the US and Southeast Asia. We also have dozens of new biochar production sites under development throughout North America and other worldwide locations,” said James Gaspard, CEO of BCN. “We have been collaborating with SEER to establish some of these sites globally and to develop the most cost-effective kiln manufacturing process to minimize our site capex and increase biochar production efficiency. We recently ordered kilns from SEER for a new biochar production site that is under construction in Missouri. We anticipate this is just the first of many orders as we continue to work through the local permitting processes for multiple new biochar production sites to be finalized in the coming quarters,” said Gaspard.

 

It was recently announced that BCN, in collaboration with AgriCap Group, LLC, has created fully insured, high-integrity biochar carbon credits and made them available for purchase. This innovative offering ensures the authenticity and reliability of BCN carbon credits, providing peace of mind to buyers and investors in the global carbon market through the launch of the “Insured Carbon” program.

 

Further, BCN has received an ISCC Plus certification for utilizing sustainable wood in its patented process to produce high-quality biochar that produces the high-integrity carbon credits. These new credits created by BCN undergo rigorous validation and verification audits by accredited and independent, third-party auditors. The BCN high-integrity carbon credits are insured from creation through retirement to ensure the value of the carbon credit.

 

“This fully insured, one-of-a-kind carbon credit sets BCN apart from every biochar player in the global market and greatly enhances their value and marketability,” said Gaspard. Combs added, “With so many new and inexperienced producers jumping into the market, we believe this recent development differentiates BCN biochar and the concomitant carbon credits from all others and will increase demand for both BCN’s superior product and the insured credits. This will ultimately benefit SEER as BCN’s operating partner and manufacturer.”

 

“SEER continues to pursue its plans to open a Texas JV facility with BCN to produce biochar. SEER is also exploring the development of a program to process fiberglass waste and other composites at the Texas facility. We believe there is no scalable, viable option to process and repurpose certain composites such as windmill blades, and being an operating partner at our own facility would accelerate our efforts to economically process feedstocks other than wood. SEER has already obtained an air permit for a Texas biochar facility and intends to accelerate its plan to open such a facility,” said Combs.

 

“Establishing international biochar facilities also remains a focus of SEER,” continued Combs. We are particularly focused on European and Brazilian markets to set up joint ventures and roll out biochar production facilities. Ultimately, this will result in multiple revenue streams for SEER in the form of additional kiln and equipment sales, as well as product and carbon credit sales revenue, all of which will add value to our shareholder equity,” said Combs.

 

“The international markets present unique challenges, but we have entered into initial agreements in several territories that we intend to convert into joint ventures by the end of the year. Updates on these efforts and our joint venture in Saudi Arabia will be released in the near future,” concluded Combs.

 

About Strategic Environmental & Energy Resources, Inc.

 

Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion-dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has two wholly-owned operating subsidiaries: MV Technologies, LLC and SEER Environmental Materials, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and PelleChar, LLC. For more information about the Company visit: www.seer-corp.com.

 

Forward-Looking Statements

 

This press release contains “forward-looking statements” within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates,” and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding future performance or fiscal projections, the cost-effectiveness, impact, and ability of the Company’s products to handle the future needs of customers are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.

 

 

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Cover	Jun. 14, 2024
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Jun. 14, 2024
Entity File Number	000-54987
Entity Registrant Name	Strategic Environmental & Energy Resources, Inc.
Entity Central Index Key	0001576197
Entity Tax Identification Number	02-0565834
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	370 Interlocken Blvd
Entity Address, Address Line Two	Suite 680
Entity Address, City or Town	Broomfield
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80021
City Area Code	720
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Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common
Trading Symbol	SENR

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