07:08 AM EDT, 08/26/2025 (MT Newswires) -- Anaergia ( ANRGF ) , which hit a 52-week high on Monday, signed a contract with Norbiogas Renovables, a unit of the Nortegas Group, a leading Spanish company specializing in renewable gas infrastructure projects.

The company on Tuesday, said that as part of a previously disclosed development plan, it will deliver "a comprehensive suite of services and utilize its innovative, proven technology to support the construction of a new anaerobic digestion plant." It will also start its activities for this facility this August and expects completion within two years.

Anaergia ( ANRGF ) said the plant will transform organic waste into renewable biomethane upon completion. It projects total revenue of $18 million from this contract.

Shares of the company closed up 2.2% to $1.85 on Monday on the Toronto Stock Exchange.