Northstar Announces 2025 Annual and Special General Meeting Results

Rhea-AI Summary

Northstar Clean Technologies (OTCQB: ROOOF) held its annual general and special meeting on July 29, 2025, where shareholders approved all proposed matters. The key approvals included the re-election of eight director candidates, reappointment of MNP LLP as auditors, and the Company's 2025 Equity Incentive Plan (pending TSX Venture Exchange final approval).

The meeting saw participation from shareholders representing 16,982,400 voting shares, accounting for 10.2% of the Company's eligible voting shares.

CALGARY, AB, July 31, 2025 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that all matters put forward to its shareholders at the Company's annual general and special meeting of shareholders (the "Meeting") held on Tuesday, July 29, 2025 were duly approved. At the Meeting, the Company's shareholders approved the matters voted on, including:

• the re-election of the eight director candidates proposed by management;
• the reappointment of MNP LLP as auditors of the Company; and
• the approval of the Company's 2025 Equity Incentive Plan (the "Plan"). Approval of the Plan remains subject to the final approval of the TSX Venture Exchange.

A total of 16,982,400 voting shares were represented and voted, in person or by proxy, at the Meeting, representing 10.2% of the Company's issued and outstanding eligible voting shares.

About Northstar

Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/. 

For further information about Northstar, please visit www.northstarcleantech.com.

On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director

Cautionary Statement on Forward-Looking Information 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

This press release may contain forward‐looking information within the meaning of applicable securities legislation, which forward‐looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "aim", "objective" or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements concerning: (i) Northstar's plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; and (ii) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

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SOURCE Northstar Clean Technologies Inc.

FAQ

What were the key matters approved at Northstar Clean Technologies (ROOOF) 2025 annual meeting?

Shareholders approved the re-election of eight director candidates, reappointment of MNP LLP as auditors, and the 2025 Equity Incentive Plan (subject to TSX Venture Exchange approval).

What was the shareholder participation rate at Northstar's (ROOOF) 2025 annual meeting?

A total of 16,982,400 voting shares were represented at the meeting, accounting for 10.2% of the company's eligible voting shares.

When did Northstar Clean Technologies (ROOOF) hold its 2025 annual general meeting?

Northstar held its annual general and special meeting on Tuesday, July 29, 2025.

Who are the auditors appointed for Northstar Clean Technologies (ROOOF) in 2025?

MNP LLP was reappointed as the auditors of the Company at the 2025 annual general meeting.