Bion Environmental Extends MOU with Kimmeridge for 6 Months

What Happened
Effective June 6, 2026, Bion Environmental Technologies, Inc. (BNET) and Kimmeridge Energy Management, LLC executed a six‑month extension, on the same terms, of the Memorandum of Understanding (MOU) originally dated December 5, 2025 (previously disclosed in Bion’s Form 8‑K filed December 9, 2025). The extension preserves the Right of First Refusal (ROFR) granted in the MOU. Bion reported the extension under Item 8.01 of its Form 8‑K filed June 11, 2026 and attached the extension agreement as Exhibit 99.1.

Key Details

• Effective date of extension: June 6, 2026
• Extension length: six months, under the same terms as the Dec. 5, 2025 MOU
• Parties: Bion Environmental Technologies, Inc. and Kimmeridge Energy Management, LLC
• The extension explicitly includes the Right of First Refusal (ROFR) from the original MOU

Why It Matters
For investors, this filing documents that negotiations or discussions between Bion and Kimmeridge are ongoing and that existing contractual rights (including ROFR) remain in place for an additional six months. The extension preserves the parties’ current negotiating framework and priority rights without altering material terms; it does not, by itself, constitute a completed transaction or guarantee any future deal.