Northstar Clean Stock Price, News & Analysis

Northstar Clean Technologies (ROOOF) reported Q1 2025 financial results with significant operational progress. The company completed construction and began commissioning of the Empower Calgary Facility, with operations expected to start mid-2025. Key expansion developments include a LOI with YORK1 for 10,000 tonnes of waste roofing shingle supply for the Hamilton facility, continued US expansion efforts with TAMKO Building Products, and a 15-year lease secured for the Delta facility. Financial highlights include receiving $3.9M from Emissions Reduction Alberta, $617K from BDC's $8.75M loan facility, and $248K from stock options/warrants exercise. The company reported a Q1 loss of $2.95M ($0.02/share) compared to $1.58M ($0.01/share) in Q1 2024, with working capital deficit of $426,551.

Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has completed the final draw of $617,698 from its $8.75 million BDC Project Loan Facility with the Business Development Bank. This final amount includes a $250,000 hold-back. The loan will now begin amortizing over a 13-year period with monthly payments.

The funds will support commissioning efforts at the Empower Environmental Solutions Calgary facility. The company has successfully completed commissioning of the first half of the facility and is now focusing on the back half. Northstar maintains its timeline for full facility operations by mid-2025.

Northstar Clean Technologies (TSXV: ROOF) has successfully completed Milestone 2 requirements for its Empower Calgary Facility, receiving a $3.9 million payment from Emission Reduction Alberta (ERA). This milestone included completing major procurement activities, equipment delivery, installation, and electrification, along with implementing greenhouse gas monitoring plans. The payment brings total ERA funding to $5.2 million, with $1.9 million remaining pending commissioning and operational milestones.

The Empower Calgary Facility, focused on waste asphalt shingle reprocessing, is now fully funded with commissioning efforts underway. The project aims to create a new industry in the circular economy by diverting waste from landfills and providing sustainable processing solutions for the construction industry.

Northstar Clean Technologies (TSXV: ROOF) has announced its financial results for 2024, highlighting significant developments in its asphalt reprocessing operations. The company achieved substantial completion of its Empower Calgary Facility, scheduled to begin operations by mid-2025. Key accomplishments include securing multiple funding arrangements totaling over $30 million, including a $14 million Royalty Financing with CVW Cleantech and an $8.75 million loan from BDC.

The company secured strategic supply agreements, including a five-year deal with IKO Industries and a three-year agreement with Ecco Recycling. For expansion, Northstar signed a 15-year lease agreement in Hamilton, Ontario, and plans to enter the Mid-Atlantic U.S. market.

Financial results show a comprehensive loss of $9.33 million for 2024, compared to $6.67 million in 2023. Capital expenditures increased significantly to $19.26 million from $2.31 million in 2023, with working capital surplus at $4.84 million.

Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has released the fifth episode of its construction and commissioning video series for the Empower Calgary Facility in Alberta. The update, presented by CEO Aidan Mills, announces the successful completion of the facility's first-stage processing commissioning, which separates ground-up shingles into two streams: aggregate and asphalt-covered fiber.

The front-end commissioning milestone has resulted in the facility's first marketable product stream - fully separated aggregate. The company reports positive progress in their commissioning program, maintaining their target for full facility production by mid-2025.

Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF) has announced it will release its annual audited financial statements and MD&A for the year ended December 31, 2024, on April 23, 2025, before market open. The documents will be available on SEDAR+ and the company's website.

The company will host a virtual investor webcast on April 23, 2025, at 15:00 MDT / 17:00 EDT to discuss the financial results and provide a business update. An archived version of the webcast will be available approximately two hours after the Q&A session.

Additionally, President & CEO Aidan Mills will attend and present at the Planet MicroCap Showcase in Las Vegas at the Paris Hotel & Casino from April 22-24, 2025. The company will be at booth #616, with Mills presenting on April 23 at 13:30 MDT in Track 4: Loire Room.

Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has secured a second Canadian patent for its proprietary asphalt shingle reprocessing technology. The new patent, issued by the Canadian Intellectual Patent Office (CIPO), specifically covers Stage 3 of the reprocessing technology - the asphalt recovery stage - and will remain valid until 2042.

This patent follows the company's initial Canadian patent from July 2024 and two U.S. patents received in November 2022 and May 2024. The company is preparing to begin commercial production at its Calgary facility in mid-2025 and continues to pursue patent protection across North America and other international jurisdictions.

Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has secured a 15-year lease extension for its Delta, British Columbia facility. The extended lease enables potential retrofit of the Empower Delta Facility, previously a pilot facility, into a commercial-scale operation.

The Delta site maintains all necessary regulatory approvals and permits for light industrial operations, offering future expansion opportunities with reduced permitting and development timelines and costs. The pilot operations at this facility successfully validated the technology and provided engineering foundation for the Empower Calgary Facility.

The company's immediate priority remains the commissioning and ramp-up of the Empower Calgary Facility, their first full-scale commercial facility currently in final commissioning phase. Additionally, Northstar is pursuing development plans for planned facilities in Hamilton, ON and the U.S. Mid-Atlantic region.

Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has released the fourth episode of its construction and commissioning video series for the Empower Calgary Facility, marking a significant milestone with the commencement of commissioning operations.

In the latest episode, CEO Aidan Mills and Commissioning Lead Allen Gervais detail the commissioning process and current progress. The company has successfully initiated the first phase by grinding asphalt shingles and feeding them into the facility's front-end process modules.

The remaining processing modules are expected to complete construction in the coming weeks, ahead of the commissioning schedule. The facility remains on track to begin operations by mid-2025.