Aduro Clean Tech Stock Price, News & Analysis

Aduro Clean Technologies has announced the closing of its US$4 million underwritten public offering and uplisting to Nasdaq. The company offered 941,177 common shares at US$4.25 per share, with trading commencing on November 7, 2024, under the ticker 'ADUR'. The underwriters have a 45-day option to purchase an additional 141,176 shares.

The proceeds will fund research and development, construction of the 'Next Generation Process' unit, and general corporate purposes. Craft Capital Management led the offering with EF Hutton as co-underwriter. The offering was not available to Canadian residents.

Aduro Clean Technologies has announced the pricing of its US$4 million underwritten public offering in the United States, offering 941,177 common shares at US$4.25 per share. The company has received approval to list on the Nasdaq Capital Market under the symbol 'ADUR', with trading expected to begin on November 7, 2024. The offering includes a 45-day option for underwriters to purchase up to 141,176 additional shares. Proceeds will fund research and development, construction of a 'Next Generation Process' unit, and working capital. Craft Capital Management is the lead underwriter, with EF Hutton as co-underwriter.

Aduro Clean Technologies reported Q1 2025 financial results with revenue of $55,000, a 6% decrease from Q1 2024. Operating loss increased to $2.46 million from $1.57 million in Q1 2024. The company maintained a strong cash position of $5.95 million and completed a $3.52 million private placement.

Key developments include advancing collaboration with TotalEnergies into a new research phase, filing a new patent for BTX chemicals production, and executing a 3.25-to-1 share consolidation. The company also made progress on their Next Generation Process design and strengthened their operational foundation through various strategic initiatives.

Aduro Clean Technologies (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D5) announced its participation in the International Refining & Petroleum Conference (IRPC) 2024 in Houston, Texas. Eric Appelman, Chief Revenue Officer, will present on the company's Hydrochemolytic™ Technology (HCT) in the Circular Economy / Chemical Recycling session.

The presentation will compare HCT with pyrolysis technologies, highlighting HCT's advantages in addressing key challenges. Appelman will also discuss a recent patent filing for a new process to produce BTX (benzene, toluene, and xylene) platform chemicals from waste plastics and renewable oils.

Aduro's participation underscores its commitment to driving the petrochemical sector towards a circular economy. The conference, scheduled for October 3-4, 2024, provides a platform for Aduro to showcase its innovative technology and engage with industry leaders.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHD) reported its 2024 financial results and provided an end-of-year update. Key highlights include:

- Revenue increased 208% year-over-year to $337,516 for fiscal year 2024
- Q4 2024 revenue rose 99% to $102,250 compared to Q4 2023
- Loss from operations was $7,436,861 for fiscal year 2024
- Strong cash position of $2,814,576 as of May 31, 2024
- Received additional $5.5 million from private placement and warrant exercises

The company made significant progress in its Hydrochemolytic™ Technology (HCT), filing a new patent application, entering a new collaboration phase with TotalEnergies, and reporting high conversion yields for plastic recycling. Aduro also expanded its global presence by establishing a subsidiary in the Netherlands and appointing a Chief Revenue Officer to drive commercialization efforts.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHD) has filed a new patent application for an innovative method to produce alkyl aromatic compounds, including benzene, toluene, xylenes (BTX), and ethylbenzene, from waste plastics and renewable oils. This technology builds on Aduro's existing thermocatalytic deoxygenation (TCD) and Hydrochemolytic™ Technology (HCT) platforms, offering a more efficient and cost-effective alternative to traditional BTX production from refined petroleum.

The global BTX market is projected to reach US$274.78 billion by 2027, highlighting the potential impact of Aduro's sustainable solution. This innovation aims to reduce petroleum dependence and promote circularity in the chemical industry, addressing the growing demand for low-carbon chemical production.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50) has announced a 3.25-to-1 share consolidation effective August 20, 2024. The company's issued and outstanding shares will decrease from 88,316,467 to approximately 27,174,297. The stock symbol remains 'ACT' with a new CUSIP number 007408206.

Additionally, Aduro has converted its Class B Special Warrants, resulting in the issuance of 4,102,563 post-consolidation shares. This conversion follows the achievement of the Second Milestone in the Securities Exchange Agreement with Aduro Energy Inc.

Aduro Clean Technologies specializes in water-based technologies for recycling waste plastics, converting heavy crude and bitumen, and transforming renewable oils into higher-value fuels or chemicals. Their Hydrochemolytic™ technology operates at relatively low temperatures and costs, aiming to convert low-value feedstocks into valuable resources.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian company specializing in chemical recycling and transformation of low-value feedstocks, has granted 2,685,000 stock options to certain directors, officers, employees, and a consultant. These options are exercisable for 5 years at $2.00 per share, vesting monthly over two years. The options and underlying shares are subject to a four-month hold period. Aduro's Hydrochemolytic™ technology uses water-based processes to recycle waste plastics, convert heavy crude into lighter oil, and transform renewable oils into higher-value fuels or chemicals, operating at relatively low temperatures and costs.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) has entered a new phase of collaboration with TotalEnergies following positive preliminary technical evaluations. The R&D collaboration will focus on processing diverse waste plastic materials, particularly those with higher concentrations of polyolefins, polyurethane, metals, and other challenging contaminants. TotalEnergies will provide financial and in-kind support, including access to technical resources.

This collaboration aligns with Aduro's Customer Engagement Program (CEP), which allows organizations to gain knowledge of Hydrochemolytic™ technology through a stage-gated approach. The goal is to move towards commercialization, where the customer commits to a commercial project. This partnership represents a significant milestone in developing a practical and scalable commercial process for converting plastic waste into valuable feedstocks, aligning with TotalEnergies' goal of producing 30% circular polymers by 2030.