Aduro Clean Tech Stock Price, News & Analysis

Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) has announced a progress update on its joint research project with Western University, focused on enhancing plastic recycling technologies. The project, which has a total budget of $1.53 million, includes $1.15 million from NSERC and Mitacs. It aims to improve processing techniques and assess contaminants in plastic feedstocks. Led by Dr. Paul Charpentier and Dr. Cedric L. Briens, the three-year project began in January 2023, employing 18 skilled researchers. Aduro retains ownership of all intellectual property generated from this initiative.

Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) announced its participation in the Uttar Pradesh Global Investors Summit 2023 from February 10-12 in Lucknow, India. This summit aims to connect global leaders and explore investment opportunities. Aduro will showcase its Hydrochemolytic technology for recycling plastics, addressing India's substantial plastic waste issue, which reaches 8.5 million tonnes annually. CEO Ofer Vicus highlighted the significance of Uttar Pradesh's population of 230 million as a potential market for their innovative solutions. The summit supports India’s goal of becoming a $5 trillion economy while focusing on economic growth and sustainability.

Aduro Clean Technologies Inc. (OTCQB: ACTHF) will participate in the CEM AlphaNorth Capital Event in Nassau, Bahamas, from January 20-23, 2023. The company has achieved significant milestones, including a $1.14 million research grant from NSERC and a Letter of Intent with Prospera Energy to develop a pilot plant for converting low API bitumen. Additionally, Aduro has joined the Shell GameChanger program to advance its Hydrochemolytic™ technology for recycling plastics. CEO Ofer Vicus highlighted the company's growth potential in the clean technology sector.

Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) announced the issuance of 2,075,000 stock options to directors, officers, employees, and consultants, exercisable at $1.00 for five years. Of these, 1,775,000 options will vest monthly over two years, while 300,000 will vest immediately. Additionally, the company awarded 150,000 restricted share units (RSUs) to an officer, which will vest immediately. All options and RSUs are subject to a four-month hold period. The release includes forward-looking statements regarding the vesting schedule and potential market conditions affecting future performance.

Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) announced it has received $1,109,103 from the exercise of warrants and stock options since September 1, 2022. This includes 1,638,390 warrants at $0.50, 118,635 at $0.80, and 300,000 stock options at $0.65, resulting in the issuance of 2,057,025 common shares. The CEO highlighted that these proceeds will support laboratory expansion and ongoing projects, including commissioning continuous flow pilot units.

Aduro Clean Technologies has completed the construction and mechanical assembly of its pilot-scale Hydrochemolytic™ continuous flow plastic reactor, known as R2 Plastic. This reactor is designed to process various plastic feedstocks and evaluate the impact of multilayer materials. Plans for testing and certification by the Technical Standard and Safety Authority are underway, with completion expected soon. In 2023, the company aims to execute a research and testing program for the R2 Reactor, along with scaling up the pre-commercial R3 Reactor unit. Further details are available in a video walk-through.

Aduro Clean Technologies has been accepted into Shell's GameChanger program, which aims to accelerate innovative energy solutions. Their patented Hydrochemolytic™ Technology (HCT) will be utilized to convert hard-to-recycle plastics into sustainable Naphtha Cracker feedstock. Shell will provide non-dilutive funding over six project phases and technical expertise to optimize the technology for commercial use. The 12-month project seeks to minimize developmental risks while advancing Aduro’s goal of contributing to plastic circularity and the energy transition.

Aduro Clean Technologies, developer of patented water-based recycling technologies, has announced a joint research project with the University of Western Ontario. The project, entitled 'Tuning Supercritical Fluids for Polymer Recycling to Monomers and Chemicals', has received $1.15 million in funding from NSERC and Mitacs. Aduro will contribute $382,500. The research aims to enhance the company's Hydrochemolytic™ process by improving plastic feedstock processing and minimizing sorting requirements. The project is set to employ 18 individuals and will last for three years, commencing in November 2022.

Aduro Clean Technologies, trading under the symbol ACTHF, has announced the nearing completion of its pilot-scale Hydrochemolytic^TM continuous flow plastic reactor, R2 Plastic. This unit, designed to process various plastic feedstocks, is set to be commissioned by mid-November 2022. The company is also planning the R3 Plastic unit, with a targeted throughput of 2,000 kg/day, aiming for completion by the end of 2023. These advancements are part of Aduro's strategy to enhance customer engagement and ultimately commercialize its innovative recycling technologies.