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Form 8-K Current Report of entry into a Material Definitive Agreement
MONTAUK RENEWABLES, INC.
Incorporated in the United States of America
Company number: 85-3189583
NASDAQ share code: MNTK
JSE share code: MKR
ISIN: US61218C1036
(“Montauk Renewables” or the “Company”)
FORM 8-K CURRENT REPORT OF ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934, Montauk Renewables stockholders are advised
that a Form 8-K has been filed with the SEC.
On June 27, 2023, Montauk Renewables, Inc. (“Montauk”) through its subsidiary Bowerman Power LFG, LLC
(“Bowerman”), entered into the Third Amendment to the Landfill Gas Rights and Production Facilities Agreement and
Settlement Agreement with the County of Orange (the “Agreement”). Under this Agreement, Bowerman plans to develop
a renewable natural gas project in Irvine, California at the Frank R. Bowerman Landfill (the “Project”). With a targeted
commissioning date in 2026, Montauk currently expects the Project capital investment to range between $85 million and
$95 million and a production nameplate capacity of approximately 3,600 MMBtu per day, assuming currently forecasted
biogas feedstock volumes that are projected to be available from the host landfill at the time of commissioning.
The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the
full text of such agreement, which is included as Exhibit 10.1, to this Current Report on Form 8-K and incorporated herein
by reference.
Cautionary Statement Regarding Forward-Looking Information
This Report contains forward-looking statements regarding our planned development on a new facility in California and the
expected production capacity and capital expenditures associated therewith.
Forward-looking statements are necessarily subject to numerous assumptions, risks and uncertainties, which change over
time. Future events or circumstances may change our expectations and may also affect the nature of the assumptions, risk
and uncertainty to which our forward-looking statements are subject. The forward-looking statements in this Report speak
only as of the date of this Report, and we assume no duty, and do not undertake, to update them. Actual results or future
events could differ, possibly materially, from those that we anticipated in these forward-looking statements. As a result, we
caution against placing undue reliance on any forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors, many of which are beyond our control and
are difficult to predict, including, without limitation, risks related to the acquisition, financing, construction and development
of new projects and the other risk factors described in more detail in our 2022 Form 10-K and other filings with the U.S.
Securities and Exchange Commission at www.sec.gov. We have included this web address as inactive textual reference
only. Information on this website is not part of this document.
A copy of the filings with the relevant exhibits can be found at:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1826600/000119312523180481/d497405d8k.htm
Montauk Renewables is primary listed on the Nasdaq and secondary listed on the JSE.
Pittsburgh, PA USA
3 July 2023
Sponsor
Investec Bank Limited
Date: 03-07-2023 09:26:00
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