| ORGANIZATION, NATURE OF BUSINESS, GOING CONCERN AND MANAGEMENT’S PLANS: | 1. ORGANIZATION,
NATURE OF BUSINESS, GOING CONCERN AND MANAGEMENT’S PLANS: Organization and nature of business: Bion Environmental Technologies, Inc.'s ("Bion,"
"Company," "We," "Us," or "Our") was incorporated in 1987 in the State of Colorado. Bion’s
mission is to make livestock production more sustainable, profitable and transparent. We intend to accomplish this by deploying our Gen3Tech
platform/business model (discussed below) in ventures focused on the ‘feeder’ space of the livestock production/value chain
to provide the consumer with verifiably sustainable premium meat products (together with environmentally friendly, sustainable and/or
organic co-products from the production process). Bion believes this approach can create extraordinary value for our shareholders
and employees (all of whom own securities in the Company) and for livestock/agriculture industry ‘partners’ who join us in
our ventures. We anticipate pursuing the opportunity created by our third generation technology (“Gen3Tech”) and business/technology
platform in conjunction with other industry practices (“Gen3Tech Platform” or “Platform”) utilizing a joint venture/strategic
partner model. We believe our approach will improve the well-being of farmers, ranchers, feeders, etc. we work with and create value for
our shareholders while improving the environment. Our patented and proprietary technology provides advanced
waste treatment and resource recovery for large-scale livestock production facilities (also known as “Concentrated Animal Feeding
Operations” or “CAFOs"). Livestock production and its waste, particularly from CAFOs, has been identified as one of the
greatest soil, air, and water quality problems in the U.S. today. Application of our Gen3Tech” can largely mitigate these
environmental problems, while simultaneously improving operational/ resource efficiencies by recovering high-value co-products from the
CAFOs’ waste stream. These waste ‘assets’ – nutrients and methane – have traditionally been wasted or underutilized
and are the same ‘pollutants’ that today fuel harmful algae blooms, contaminate surface groundwater, and exacerbate climate
change. Bion’s business model and technology platform
can create the opportunity for joint ventures (in various contractual forms) (“JVs”) between the Company and large livestock/food/fertilizer
industry participants based upon the supplemental cash flow generated by implementation of our Gen3Tech business model, which cash flows
will support the costs of technology implementation (including servicing related debt). To accomplish Bion’s goals, we anticipate
the we will ‘partner’ with other technology companies who provide solutions for different links of the beef (and other livestock)
value chain and with strategic partners up and down the supply chain . We anticipate this will result in substantial long-term
value for Bion. In the context of such JVs, we believe that the verifiable sustainable branding opportunities (conventional and organic)
in meat will represent one of the largest enhanced revenue contributors provided by Bion to the JVs (and Bion licensees). The Company
believes that the largest portion of its business with be conducted through such JVs, but a material portion may involve licensing and
or other approaches. Bion’s Gen3Tech was designed to capture and
stabilize these assets and produce renewable energy, fertilizer products, and clean water as part of the process of raising verifiably
sustainable livestock. All steps and stages in the animal raising and waste treatment process will be third-party verified, providing
the basis for additional revenues, including carbon and/or renewable energy-related credits and, eventually, payment for a range of ecosystem
services, including nutrient credits as described below. The same verified data will be used to substantiate the claims of a USDA-certified
sustainable brand that will support premium pricing for the meat/ animal protein products that are produced in Bion facilities. During the first half of 2022 Bion began
pre-marketing our sustainable beef to retailers, food service distributors and the meat industry in the U.S. In general, the response
has been favorable. During July 2022, Bion announced a letter of intent (“Ribbonwire LOI”) to develop a large-scale commercial
project - a 15,000-head sustainable beef cattle feeding operation together with the Ribbonwire Ranch, in Dalhart, Texas (with a provision
to expand to 60,000 head) (“Dalhart Project”). During January 2023 Bion announced a letter of intent (“Olson LOI”)
to develop a large-scale commercial project - a 15,000-head sustainable beef cattle feeding operation together with the Olson Feeders
and TD Angus, near North Platte, Nebraska (with a provision to expand to 45,000 head or more) (“Olson Project”). During April
2023 Bion announced a letter of intent (“DVG LOI”) to develop a large-scale commercial project - a 15,000-head sustainable
beef cattle feeding operation together with Dakota Valley Growers near Bathgate, North Dakota (“DVG Project”). Based on our
experience to date, we believe we will not have difficulty in securing participation in our Projects from additional feeders/cattlemen.
The Olson, Dalhart and DVG Projects (and subsequent Projects) will be developed to produce blockchain-verified, sustainable beef in customized
covered barns (resulting in reduced stress on cattle caused by extreme weather and temperatures and resulting higher feed/weight gain
efficiency) with ongoing manure transfer (through slatted floors) to anaerobic digesters (AD) to capture nitrogen from the manure stream
before loss to the atmosphere and generate renewable natural gas (RNG) for sale while remediating the environmental/carbon impacts usually
associated with cattle feedlots and CAFOs. Bion’s patented Gen3Tech platform will refine the waste stream into valuable coproducts
that include clean water, RNG, photovoltaic solar electricity and fertilizer (‘climate smart’ and/or organic) products. We
anticipate converting these LOIs into definitive JV agreements and creating related distribution agreements with key retailers and food
service distributors during the current fiscal year. Our business plan is focused on executing multiple
agreements and letters of intent related to additional sustainable beef JV projects over the next twenty-four (24) months while moving
forward with the Initial Project (see below) and commencing development of one or more of the Dalhart/Olson/DVG Projects (“LOI Projects”)(and/or
other Gen3Tech beef JV projects) while pursuing other opportunities in the livestock industry enabled by our Gen3Tech business model.
The LOI announcements have generated significant interest within the livestock industry (among ranchers, feedlot operators, farmers and
other AG industry parties) and has led to and assisted our discussions with many major of the larger agriculture/livestock industry companies
(including those involved with distribution and/or sales of meat products) in the country which are ongoing at this date. We believe that
this interest, combined with consumer interest in ‘sustainable products’ and growing enthusiasm among some livestock industry
parties for environmental/sustainable/regenerative practices, may provide Bion (and its partners/venturers) with an opportunity to move
forward with a truly sustainable solution in this industry segment at a rapid pace. During the past nine months, the Company has constructed
(construction is largely completed) our 3GTech Ammonia Recovery System (‘ARS’) located near Fair Oaks, Indiana and begun operations
of phase 1 of our Initial Project (our commercial scale demonstration facility) located near Fair Oaks, Indiana. We recently announced
that announced the ARS has achieved and maintained controlled steady-state operations under a variety of conditions. When operated at
steady state, the system produces an ammonium distillate (solution), the base of Bion’s nitrogen fertilizer products. Bion has begun
optimizing the ARS’s operating parameters with the goal of meeting and/or exceeding the results needed for Bion’s economic
models for large-scale commercial projects. The Company expects the current optimization phase will continue during the next quarter (or
longer) and provide data required to support final design/engineering for commercial project modules. We believe this data will also provide
additional potential stakeholders (cattle producers, cattle feeders, packers, distributors, retailers and financial institutions) with
the information they need to proceed with confidence in collaborating with Bion on multiple new projects (see below). The patented ARS is the core of Bion’s Gen3Tech
platform. It recovers and upcycles problem ammonia contained in the effluent from anaerobic digestion (where methane is captured and more
ammonia is released) of the livestock manure waste stream. The ARS captures the ammonia, minimizing its environmental impacts and creating
low-carbon and/or organic nitrogen fertilizer products with it. Over during the next quarter, the Company intends to produce ammonium
distillate at Fair Oaks in several concentrations and initiate the application process for organic certification for each concentration
of liquid fertilizer product. Bion will produce a solid/granular nitrogen fertilizer product at the Initial Project (when the crystalizer
module is ready for operation) which we believe will be both ‘Climate-Smart’ and ‘Water-Smart’ – a pure
nitrogen fertilizer with a low carbon footprint, that is water soluble and readily available to plants. Samples of the granular product
will also be utilized to support organic certification applications. See Fertilizer---Organic and ‘ClimateSmart’ During the next three to six months, the Company intends
to fully complete construction of the Initial Project’s phase 1, including the crystalizer module, and continue the optimization
operations. Bion expects the Initial Project data will document the effectiveness of our Gen3Tech in a commercial-scale setting during
the current fiscal year and support development of the LOI Projects (and/or other Gen3Tech beef JV projects) commencing later this fiscal
year. We do not presently know the order in which the JV Projects will be developed as that decision will be made based on many
factors not yet in place. We believe the Initial Project data will also provide additional potential stakeholders (cattle producers, cattle
feeders, packers, food distributors and retailers and financial institutions) with the information they need to proceed with confidence
in collaborating with Bion on multiple new projects (see below). Bion is now focused primarily on: i) completion of
development/construction and operation of the Initial Project, our initial commercial-scale Gen3Tech installation, and optimization of
its operational parameters, ii) pre-development plan of the LOI Projects (and/or other Gen3Tech beef JV projects) including steps toward
distribution agreements, iii) developing applications and markets for its low carbon ‘ClimateSmart’ and organic fertilizer
products (including listings/certifications of multiple liquid and solid products) and its sustainable (conventional and organic) animal
protein products, and iv) discussions regarding initiation and development of agreements and joint ventures (“JVs” as discussed
herein) (and related Projects) based on the augmented capabilities of our Gen3Tech business platform (in the sustainable beef and other
livestock segments), while (v) continuing to pursue business opportunities related to large retrofit projects (such as the Kreider poultry
project JV described below) and vi) ongoing R&D activities. HISTORY, BACKGROUND AND CURRENT ACTIVITIES Since the Company’s inception, Bion has
designed and developed advanced waste treatment systems for livestock. The first and second generations of Bion’s technology platform
were biological systems, primarily focused on nutrient control. Over 30 of these systems were deployed at New York dairies, Florida food
processing facilities and dairies, North Carolina hog farms, a Texas dairy and a Pennsylvania dairy (“Kreider 1 Project”).
The systems were highly effective at their intended purpose: capturing nitrogen and phosphorus. They produced BionSoil as a byproduct,
which was a remarkably effective soil amendment/ fertilizer product, but whose value was not enough to support a viable business model.
As such, these early technology iterations were entirely dependent on either implementation of new regulations requiring waste treatment,
or subsidy/ incentive programs that would provide ‘payment for ecosystem services’. By the mid-2010’s, it became apparent
that neither of these options were imminent or even assured, so the Company initiated the steps to reimagine and redesign its technology. From 2016 to 2021 fiscal years, the Company focused
most of its activities and resources on developing, testing and demonstrating the third generation of its technology and technology platform
(“Gen3Tech”) that was developed with an emphasis producing more valuable co-products from the waste treatment process, including
renewable natural gas and ammonium bicarbonate, a low-carbon, organic ’pure’ nitrogen fertilizer product, while raising sustainable
livestock. The $175 billion U.S. livestock industry is under
intense scrutiny for its environmental and public health impacts – its ‘environmental sustainability’-- at the same
time it is struggling with declining revenues and margins (derived in part from clinging to its historic practices and resulting limitations
and impacts) which threaten its ‘economic sustainability’. Its failure to adequately respond to consumer concerns including
food safety, environmental impacts, and inhumane treatment of animals have provided impetus for plant-based alternatives such as Beyond
Meat and Impossible Burger (and many others) being marketed as “sustainable” alternatives for this growing consumer segment
of the market (despite the lack of verifiably sustainable attributes). The Company believes that its Gen3Tech, in addition
to providing superior environmental remediation, creates opportunities for large scale production of i) verifiably sustainable-branded
conventional livestock products and ii) verifiably sustainable organic-branded livestock products, both of which will command premium
pricing (in part due to ongoing monitoring and third-party verification of environmental performance which will provide meaningful assurances
to both consumers and regulatory agencies). Each of these two distinct market segments (which the Company intends to pursue in parallel)
presents a production/marketing opportunity for Bion (but the former is far larger). Our Gen3Tech will also produce (as co-products) biogas,
solar photovoltaic electricity in appropriate locations, and valuable low carbon/organic fertilizer products, which can be utilized in
the production of organic grains for use as feed for raising organic livestock (some of which may be utilized in the Company’s JV
projects) and/or marketed to the growing organic fertilizer market. During 2022-23, the Company entered into 3 LOIs setting
forth the parties’ intention to negotiate joint venture agreement (“JVA”) and enter into joint ventures (“JV”)
to develop and operate 15,000
a) innovative cattle barns (with slatted floors to facilitate movement of manure to the anaerobic digester and potentially solar PV generation on the rooftops which barns will improve the living conditions of the animals while increasing feeding/weight gain efficiency,
b) ‘customized’ anaerobic digestion systems (including pretreatment to increase renewable natural gas (‘RNG’) production and an RNG cleaning system (which will include capture/recycling of the CO2) to allow pipeline sales and monetization of related environmental credits,
c) a Bion Gen3Tech module (which will utilize the recycled CO2 to increase ammonia nitrogen/ammonium bicarbonate recovery) for the production of ammonia nitrogen fertilizer for use in organic and/or ‘ClimateSmart’ low carbon crop production (plus residual organic solids and clean water),
d) which will produce verifiably sustainable beef products with USDA certified branding. The opportunity presented by the LOIs
to commercialize the Company’s Gen3Tech and business model matured more quickly than anticipated (reflecting strong industry and
public momentum in favor of verifiably sustainable food ventures). As a result, we have shifted our plans to focus resources and make
our initial 15,000 To place the LOI Projects in the context of Company’s
business plan (and our prior public disclosure), if the contemplated ventures move forward on the timelines currently contemplated, active
development of the initial LOI Project will commence during 2024. As a pre-cursor to such activity, the Company has
constructed and commenced operations of the initial phase of our previously discussed Gen3Tech demonstration project near Fair Oaks, Indiana
(“Initial Project”): i) to validate our existing data and modeling at commercial scale and ii) to optimize the Bion Gen3Tech
module for finalization of design parameters and fabrication details of our planned 15,000 head commercial facilities (including the LOI
Projects). For the purposes of this initial phase, the Company, in order to accelerate the data acquisition phase, is utilizing anaerobic
digester effluent from the nearby/contiguous Fair Oaks dairy. Thereafter, the Company will evaluate what, if any, additional facilities
and testing will take place at that location. The Initial Project is not being developed at economic
commercial scale or with an expectation of profitability due to its limited scale. However, successful installation, commissioning, and
operations will demonstrate scalability, determine operating parameters at scale, and provide ongoing production and engineering capabilities,
all being critical steps that must be accomplished before developing large projects with JV partners. During late September 2021, Bion entered into a lease
for the development site of the Initial Project, our initial commercial scale Gen3Tech project, which Initial Project will be located
on approximately four (4) acres of leased land near Fair Oaks, Indiana, and a related agreement regarding disposal of certain manure effluent
with the Curtis Creek Dairy unit of Fair Oaks Farms (“FOF”). Design and pre-development work commenced during August 2021
and preliminary surveying, site engineering and other work is now underway along with site-specific engineering and design work. The Initial
Project was initially planned to be an environmentally sustainable beef cattle feeding facility, equipped with state-of-the-art housing
and Bion’s 3G-Tech platform to provide waste treatment and resource recovery. Bion has designed the project to house and feed approximately
300 1,500 The Initial Project is not being developed at economic
commercial scale or with an expectation of profitability due to its limited scale. However, successful installation, commissioning, and
operations will demonstrate scalability, determine operating parameters at scale, and provide ongoing production and engineering capabilities,
all being critical steps that must be accomplished before developing large projects with JV partners. Specifically, the Initial Project was designed/developed
to provide and/or accomplish the following:
i. Proof of Gen3Tech platform scalability
- Document system efficiency and environmental benefits and enable final engineering modifications to optimize each unit process within the Bion Gen3Technology platform.
- Environmental benefits will include (without limitation) renewable energy production (natural gas recovery from AD and solar electric from integrated roof top photovoltaic generation); nutrient recovery and conversion to stable organic fertilizer; pathogen destruction; water recovery and reuse; air emission reductions.
ii. Use Bion’s data collection system to support 3 rd
iii. Produce sufficient ammonium bicarbonate nitrogen fertilizer (“AD Nitrogen”) in liquid and solid forms for commercial testing by potential joint venture partners and/or purchasers, for university growth trials and to provide samples (and related documentation) to support applications for organic and/or ‘ClimateSmart’ certifications.
iv. Produce sustainable beef products for initial test marketing efforts. On
January 28, 2022 Bion Environmental Technologies, Inc. (‘Bion’), on behalf of Bion 3G1 LLC (‘3G1’), a wholly-owned
subsidiary, entered into a Purchase Order Agreement with Buflovak and Hebeler Process Solutions (collectively ‘Buflovak’)
in the amount of $ 2,665,500 25 666,375 25 533,100 83,275 2,615,500 50,000 5,018,760 7,044,902 220,053 Buflovak
has worked with the Company on design and testing of its 3G Tech over several years. The basic design for the Initial Project’s
Bion System is complete, fabrication and delivery of equipment from Bufflovak from the Purchase Order Agreement has been largely completed
and assembly/construction is in process. 3G1 is working in concert with Integrated Engineering Services, the primary site engineering
firm for the facility, on the integration of all project components/modules at the Initial Project site. Additional agreements have been
entered into various professional services providers (engineers, surveyors, utilities, etc.) for work related to the Initial Project.
The Company has incurred costs of $ 6,784,813 The Initial Project will be carried out in stages
with phase one focused largely on portions of items i. and iii. set forth above. Upon completing the primary goals of phase 1 of the
Initial Project (coupled with obtaining organic certifications(s) for our liquid and/or solid ammonium bicarbonate fertilizer product
lines), Bion expects to be ready to move forward with its plans for development of much larger facilities including the LOI Projects,
including final design of its Gen3Tech modules. The Company anticipates that discussions and negotiations it has begun (together with
additional opportunities that will be generated over the next 12-24 months) regarding potential JVs with strategic partners in the financial,
livestock and food distribution industries to develop large scale projects will continue during the optimization operations of the Initial
Project with a 2024 goal of establishing multiple JV’s for large scale projects that will produce sustainable and/or sustainable-organic
corn-fed beef. These products will be supported by a USDA PVP-certified sustainable brand that will, initially, highlight reductions in
carbon and nutrient footprint, as well as pathogen reductions associated with foodborne illness and antibiotic resistance, along with
the organic designation where appropriate. Bion has successfully navigated the USDA PVP application process previously, having received
conditional approval of its 2G Tech platform (pending resubmission and final site audits), and is confident it will be successful in qualifying
its Gen3Tech platform. After the basic technology start-up milestones of
the Initial Project (primarily optimization and steady-state operations of the core modules of our Gen3Tech platform) have been met, the
Company will determine whether to complete the entire Initial Project as originally designed at that location or the relocate the core
modules to an alternative permanent location. The Company has engaged in discussion with the University of Nebraska-Lincoln to jointly
develop an integrated beef facility based on Bion’s Gen3Tech and business model at its Klosterman Feedyard Innovation Center (“KFIC”)
(or other mutually agreed upon location) which facility would include innovative barns, an anaerobic digester and a Bion Gen3Tech system
to conduct ongoing research and development related thereto and the KFIC is a possible site for the long-term re-location of the core
modules. This venture, if it moves forward, is anticipated to include joint preparation of applications for grants and other funding from
the USDA (‘climate smart’ program, rural development, etc.) and other sources. The Company will also evaluate re-locating
the core module of the Initial Project to Dalhart, Texas, where it might be integrated into the first phases of the Dalhart Project and/or
other locations. The Company’s initial ammonium bicarbonate liquid
product completed its Organic Materials Review Institute (“OMRI”) application and review process with approval during May
2020. Applications for our first solid ammonium bicarbonate product line have been filed with OMRI and the California Department of Food
& Agriculture (“CDFA”) without success to date , in part due to the novel nature of our Gen3Tech in the context of organic
certifications). The Company anticipates filing multiple new applications with OMRI and CDFA (and possible others) for higher concentration
liquid products and solid products based on production from the Initial Project over the next several months. See “ Fertilizer–
Organic and ‘ClimateSmart’ Additionally, the Company believes there will also
be opportunities to proceed with selected ‘retrofit projects’ of existing facilities (see ‘ Gen3Tech Kreider 2
Poultry Project’ Bion believes that substantial unmet demand currently
exists– potentially very large – for ‘real’ meat/dairy/egg products that offer the verifiable/believable sustainability
consumers seek, but with the taste and texture they have come to expect from American beef and pork, dairy and poultry. Numerous studies
demonstrate the U.S. consumers’ preferences for sustainability. For example, 2019 NYU Stern’s Center for Sustainable Business
study found that ‘products marketed as sustainable grew 5.6 times faster than those that were not…’ and that ‘…in
more than 90 percent of consumer-packaged-goods (CPG) categories, sustainability-marketed products grew faster than their conventional
counterparts.’ Sales growth of plant-based alternatives, including both dairy and more recently ground meat (Beyond Meat, Impossible
Foods, etc.) have shown that a large, but apparently limited, segment of consumers is choosing seemingly sustainable offering, and are
also willing to pay a premium for it. Tyson Foods, in the context of launching its Brazen beef initiative, recently said, “consumers
would be willing to pay at least 24 percent more for environmentally friendly, sustainable options at retail.” Numerous studies
also support the consumers’ ‘willingness-to-pay’ (WTP) for sustainable choices, including a recent meta-analysis of
80 worldwide studies with results that calculate the overall WTP premium for sustainability is 29.5 As one of the largest contributors to some of the
greatest air and water quality problems in America, it is clear that livestock waste cleanup, at scale, represents one of the greatest
opportunities we have to reduce negative environmental impacts of the food supply chain on air and water quality. Bion’s Gen3Tech
platform, along with its business model, will enable the cleanup of one of the ‘dirtiest’ parts of the food supply chain:
animal protein production and creates the opportunity to produce and market verifiably sustainable organic and conventional ‘real
meat’ products that can participate in the growth and premium pricing that appears to be readily available for the ‘right’
products. Bion believes that at least a premium segment of the
U.S. beef industry (and potentially other livestock industry groups) is at the doorstep of a transformative opportunity to address the
growing demand for sustainable food product offerings, while pushing back against today’s anti-meat messaging. At $66 billion/year
(2021 wholesale/farmgate value), the beef industry is a fragmented, commodity industry whose practices date back decades. In 1935 inflation-adjusted
terms, beef was 63% more expensive in 2021, while pork and chicken, which are now primarily raised in covered barns at CAFOs with highly
integrated supply chains, were 12% and 62% cheaper, respectively. In recent years, the beef industry has come under increasing fire
from advocacy groups, regulatory agencies, institutional investors, and ultimately, their own consumers, over concerns that include climate
change, water pollution, food safety, and the treatment of animals and workers. Advocacy groups targeting livestock and the beef industry
have recently been joined by competitors that produce animal protein alternatives in seeking to exploit the industry’s environmental
and economic weaknesses. Their global anti-meat messaging has had a substantial chilling effect on the relationships the beef industry
has with its institutional investors; retail distributors, such as fast-food restaurants; and mostly, its consumers. Led by the United
Nations Food and Agriculture Organization, a coordinated anti-meat messaging campaign has targeted consumers worldwide, primarily focused
on the industry’s impacts on climate change. A 2018 NielsenIQ Homescan survey last year found that 39% of Americans are actively
trying to eat more plant-based foods. Some of the recent growth in plant-based proteins results from increasing lactose intolerance and
other health concerns; however, most of that growth is attributed to consumers’ growing concerns for the environmental impacts of
real meat and dairy. Several large US companies that have traditionally focused on livestock production, including Cargill, ADM, Perdue
Foods, and Tyson, have also recently entered the plant protein space. While meat alternatives, especially plant-based protein producers
like Beyond Meat and Impossible Foods, have been heavily promoted (by themselves and the media) and enjoyed remarkable initial sales growth,
recently, sales have flattened and/or declined over the past 18 months. It should be noted that these plant-based protein producers are
primarily expected to be able to serve the ground/ processed meat market, which represents only about 10 percent of the overall animal
protein market. Further, there has recently been pushback to these plant-based products, focusing on their highly processed nature and
unproven health benefits, scalability/ pricing, and their uncertain carbon footprint---and market growth rates have substantially slowed
and may have already plateaued and/or peaked. There have also been several companies recently enter the cellular and 3D-printed meat arena.
While facing myriad challenges and further out on the development timeline, some people believe cellular agriculture (aka cultured, clean,
lab-grown, cultivated) meat may have the potential to service a much larger percentage of the market than plant-based protein, including
cuts like steaks, chops and roasts, but the likely cost remains very uncertain at this point. In terms of changing customer preferences, ‘saving
the planet’ has proven to be a more compelling argument than the traditional animal activism/ welfare pitch. To date, the primary
beef ‘industry response’ to this has been grass-fed beef, which is regarded as a generally more sustainable offering than
grain-fed (largely without empirical evidence). However grass-fed beef has had only limited acceptance in U.S. markets, because it is
less flavorful and tougher than the traditional corn-fed beef consumers have grown to enjoy. Sustainability initiatives have been launched
by large US livestock producers (including Tyson’s very recent ‘Brazen’ program), but it is not yet possible to determine
the extent the attributes of such products will be substantive and verifiable rather than completely ‘modeled’ and largely
public relations ‘greenwashing’. Each of these items supports Bion’s belief that
there is a potentially very large opportunity to supply premium sustainable beef products that satisfy consumer concerns. We believe that
the real meat/beef products that can be cost-effectively produced today using our Gen3Tech platform, both sustainable and/or organic,
can provide an affordable product that satisfies the consumer’s desire for sustainability, but with the superior taste and texture
those consumers have grown to prefer. Sustainable Beef Bion’s goal is to be one of the ‘first
to market’ with meaningfully verified sustainable beef products that can be produced at sufficient scale to service national market
demand. The cattle produced at Bion facilities will have a substantially lower carbon footprint, dramatically reduced nutrient impacts
to water, and an almost total pathogen kill in the waste stream. Further, the economics of producing these cattle (including the cost
of the facility/technology upgrade) will be greatly enhanced |
