Midwest Energy Emissions Corp. announced that as previously reported, on August 30, 2022, AC Midwest Energy LLC (‘AC Midwest'), which has been the principal lender to Midwest Energy Emissions Corp. (the ‘Company'), agreed to an extension of the maturity date of the outstanding unsecured and secured debt held by AC Midwest from August 25, 2022 to September 30, 2022.

Such extension was expected to provide the Company sufficient time in which to conclude the process of negotiating certain changes and modifications to such financing arrangements as previously reported. Such process has not yet been concluded and, as a result, on September 28, 2022, AC Midwest agreed to an additional short-term extension of such maturity date from September 30, 2022 to October 31, 2022. The Company expects to be able to conclude the process and finalize such changes and modifications to such financing arrangements prior to October 31, 2022.