Pinnacle Renewable Energy (‘Pinnacle’ or the ‘Company’) announced that it has commenced initial pellet production at its newly-constructed facility in High Level, Alberta, which is owned 50% by Pinnacle and 50% by Tolko Industries Ltd. (‘Tolko’) through a limited partnership. The High Level Mill (the ‘Mill’) further diversifies Pinnacle's supply base using high-quality wood fibre sourced primarily from Tolko's sawmill in High Level. The Mill has a projected run-rate capacity of 200,000 metric tons per year. Production will be sold through Pinnacle's contracted backlog of long-term, take-or-pay off-take contracts. Pinnacle is gradually ramping up production at the Mill and expects to reach full run-rate production in 2021.