Bion Environmental Technologies, Inc. · OTC:BNET

Bion Environmental Technologies — Investor Presentation (May 2026)

20 slides from Bion Environmental Technologies's investor presentation, May 18, 2026

  1. Slide 1: Premium organic fertilizers and clean water from waste

    Premium organic fertilizers and clean water from waste Circular solutions for agriculture, food, and renewable fuels bionenviro.com May 18, 2026

  2. Slide 2: Legal Disclosures

    Legal Disclosures This presentation contains, in addition to historical information, forward-looking statements regarding Bion Environmental Technologies, Inc. (the "Company"), which represent the Company's expectations or beliefs including, but not limited to, statements concerning the Company's op

  3. Slide 3: Preventing Pollution | Recovering Resources

    Preventing Pollution | Recovering Resources Bion’s GEN3Tech platform is third-generation technology, with over 30 years and $100M invested. It was developed to provide advanced waste treatment and comprehensive resource recovery for Concentrated Animal Feeding Operations (CAFO’s). The Ammonia Recove

  4. Slide 4: A Problem at the Intersection of Food and Renewable Energy

    A Problem at the Intersection of Food and Renewable Energy Concentrated Animal Feeding Operations Largest ammonia source in U.S. Anaerobic Digesters Produce biogas (methane) from organic waste Manure, food, food/bev processing, slaughter waste Increases ammonia in the effluent (digestate) 4

  5. Slide 5: Ammonia-Nitrogen Pollution and Loss

    Ammonia-Nitrogen Pollution and Loss Ammonia/Ammonia-Nitrogen 5

  6. Slide 6: Ammonia Recovery System

    Ammonia Recovery System Upcycles ammonia and CO2 to form Ammonium Bicarbonate (AB) - an advanced organic nitrogen fertilizer Patented Proven − Captures, concentrates, stabilizes waste stream ammonia − Robust, reliable, low-cost − Performance exceeds expectations Tech-Optimization Report − Optimized

  7. Slide 7: AB – Advanced Organic Nitrogen Fertilizer

    AB – Advanced Organic Nitrogen Fertilizer Soluble Nitrogen Fertilizer Organic v Conventional 10X Value in the U.S. & Mexico 7

  8. Slide 8: Organic Agriculture and Nitrogen Fertilizer Yield Gap

    Organic Agriculture Fastest growing segment of U.S. Ag 2X conventional Ag growth 2025 Sales: $76.6 billion U.S. organic crop acreage: 3.6 million acres (Global: ~40 million acres) Nitrogen Fertilizer 10X Value Organic v Conventional Challenge: Yield Gap vs conventional Why? No soluble nitrogen like

  9. Slide 9: Specialty Crops

    Specialty Crops High value vegetables, fruits, berries, lettuce, herbs Largest Markets – WA, OR, CA, Mexico Indoor: greenhouse, vertical, hydro, aero Market Size (est): 25 to 35 million lbs N (annual growth ~1-2 million lbs N) Organic readily-available N that can be applied any time in the growth cy

  10. Slide 10: Commodity/Row Crops

    Commodity/Row Crops Organic food and feed Corn, soybeans, wheat, oats, barley, hay, alfalfa, oilseeds, cover crops U.S. Acreage (est): 1.5 to 2.5 million acres Very price-sensitive Heavy U.S. reliance on imports Supply Gap 10

  11. Slide 11: Non-Agricultural

    Non-Agricultural Long-term trend: organic, natural, child- and pet-safe Residential: home lawn & garden Municipal: facilities, parks, schools, youth sports fields Commercial office landscaping Golf courses 11

  12. Slide 12: Fertilizer Initiatives

    Fertilizer Initiatives Outreach − Samples − Testing ongoing − University/fertilizer company trials − Engaged representatives Distributors − Philo Consulting, Apr 2025 − Initial offtake LOI’s − Perfect Blend: 50,000 gal − Yield RMG: 100,000 gal − Confidential: 100,000 gal Growers − Frankel Consulting

  13. Slide 13: U.S. Biogas Opportunities

    U.S. Biogas Opportunities ~1,400 Industrial Waste w/ Biogas Regulated Point Source – discharge permit Food waste, food/beverage processing, slaughter, WWTP Retrofit or new project integration 400 Existing CAFO’s w/ Biogas Non-Point Source - Agriculture Plus 209 mixed and crop digesters Mostly dairy,

  14. Slide 14: CAFO's (Concentrated Animal Feeding Operations)

    CAFO’s (Concentrated Animal Feeding Operations) ARS developed for animal waste − Poultry − Beef − Swine − Dairy Agriculture − Larger scale − Potential for better economics - scale and ammonia concentration − Strategic circular locations for fertilizer Longer development timeline − Full-scale Evap Sy

  15. Slide 15: Industrial (Point Source) Opportunities

    Industrial (Point Source) Opportunities January 2024 – Patent coverage expanded − Slaughter/rendering waste − Food scrap-only waste − Food/beverage processing − Animal waste – central processing Regulated discharge/mandated treatment Avoided cost + create new revenues Usually smaller: <1 million lbs

  16. Slide 16: Bion Corporate History

    Bion Corporate History Hard challenges ‒ Long time CEO became ill and passed in late 2023 ‒ New leadership and Board changes in mid-2024 ‒ Pivoted to ‘bolt-on’ business model (vs integrated projects) ‒ Limited resources and funding from shareholders ‒ See SEC Filings Accomplished ‒ Capital structure

  17. Slide 17: Capital Structure Cleanup

    Capital Structure Cleanup Settlement agreement with legacy principals ‒ Effective Sep 15, 2025; issue by end of 2026 ‒ Surrendered obligations and instruments representing up to 22,948,405 shares if all converted or exercised ‒ Issuing 8,101,746 shares of common stock ‒ In addition to 2024 Giveback

  18. Slide 18: Recent Press Release – Kimmeridge MOU

    Recent Press Release – Kimmeridge MOU “…potential large RNG facility” The ARS and AB fertilizer value proposition have cleared early steps, but key hurdles remain 18

  19. Slide 19: Future

    Future − Build on early fertilizer interest and offtakes − Begin design engineering on initial project (Kimmeridge MOU?) − Continue to build out Team − Raise capital for growth − Short-term: Secured Convertible Shareholder Notes − Mid-term: ~$2.5 million (converts notes) − Larger equity raise on rea

  20. Slide 20: Preventing Pollution | Recovering Resources

    Preventing Pollution | Recovering Resources Craig Scott, CEO [email protected] (406) 281-8178 20

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