Northstar Calgary Facility Produces First Liquid Asphalt - Releases Construction & Commissioning Video #6

Rhea-AI Summary

Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has achieved a significant milestone with its Empower Calgary Facility producing its first liquid asphalt. The facility has successfully completed the commissioning of all major processing units, marking a crucial derisking of the company's technology and intellectual property.

Initial laboratory tests indicate that the asphalt quality significantly surpasses that of the Delta pilot plant product and meets commercial agreement requirements. The company aims to ramp up production to achieve the Emission Reduction Alberta (ERA) Commissioning Milestone 3 volume of 80 tonnes/day.

Additionally, Northstar announced incentive compensation grants, including 2,422,766 stock options at $0.335 exercise price, 538,702 restricted share units, and 1,197,391 performance share units to directors, officers, employees, and select consultants.

Positive

• First successful liquid asphalt production at Calgary Facility
• Asphalt quality significantly better than Delta pilot plant product
• Technology and IP successfully derisked through full facility commissioning
• Produced asphalt meets commercial agreement requirements

Negative

• Production still needs to ramp up to reach target 80 tonnes/day capacity
• Stock-based compensation may lead to potential dilution

CALGARY AB, July 10, 2025 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is extremely pleased to announce that its inaugural asphalt shingle reprocessing facility in Calgary, Alberta (the "Empower Calgary Facility" or the "Facility") has produced its first liquid asphalt. All the major processing units at the Facility have now been commissioned, demonstrating an important derisking of the Company's technology and intellectual property. Details of this achievement are included in the release of the Company's sixth episode in its construction and commissioning update video series.

The sixth episode marks the culmination of commissioning efforts for the Facility to process material from the beginning to the end of the plant and successfully produce liquid asphalt. As has been communicated in prior releases, the 'front-end' of the plant was fully commissioned early in the second quarter of 2025 and with today's announcement, the Company has fully commissioned the hydrocarbon processing 'back-end' of the Facility. Further ramp-up of commissioning volumes will ensue in the short-term with the target to achieve the Emission Reduction Alberta ("ERA") Commissioning Milestone 3 volume of 80 tonnes/day.

Samples taken from the last stage of the process were delivered to an independent laboratory testing facility to measure qualities within the liquid asphalt. Results from those preliminary tests indicate asphalt quality that is significantly better than the Delta pilot plant product and will satisfy requirements contained in a number of the Company's commercial agreements. 

"This video update is the most important one in the Company's history," stated Aidan Mills, President & CEO. "The asphalt produced in Calgary is the highest quality we have ever produced demonstrating that our technology works which is an important step in de-risking the business. From here, we will increase production levels to not only meet the ERA Milestone 3 threshold but move beyond that to name plate capacity for the Facility. It is with great pride that we make this announcement and I wish to thank everyone involved to this point in delivering such an outstanding outcome both for Northstar and its shareholders."

The sixth episode is available on the Company's YouTube channel at the link below:

https://youtu.be/F4rXg8y6qec

Incentive Compensation Grant

In accordance with the Company's annual incentive compensation program, the Company intends to grant a total of 2,422,766 stock options to directors, officers, employees and select consultants at an exercise price of $0.335 with a term of five years from the date hereof. Additionally, 538,702 restricted share units and 1,197,391 performance share units were granted to certain of the directors, officers and employees of the Company. All incentive compensation granted is in accordance with the Company's approved equity incentive plan and the grants are subject to TSX Venture Exchange approval.

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

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" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the delivery of the Empower Calgary Facility; (ii) future ramp up of production volumes and ability to achieve ERA commissioning target of 80 tonnes/day and ultimately move to plant name-plate capacity; (iii) preliminary quality specifications from both internal and independent testing; (iv) administration of its annual incentive compensation program; and (v) 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 or expected. 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.

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.

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SOURCE Northstar Clean Technologies Inc.

FAQ

What milestone did Northstar Clean Technologies (ROOOF) achieve at its Calgary Facility?

Northstar's Empower Calgary Facility produced its first liquid asphalt and completed commissioning of all major processing units, demonstrating successful technology derisking.

What is the target production capacity for Northstar's Calgary Facility?

The facility aims to achieve the ERA Commissioning Milestone 3 volume of 80 tonnes per day.

How does the new asphalt quality compare to previous production?

Laboratory tests indicate the asphalt quality is significantly better than the Delta pilot plant product and meets commercial agreement requirements.

What incentive compensation did Northstar announce in July 2025?

Northstar announced grants of 2,422,766 stock options at $0.335 exercise price, 538,702 restricted share units, and 1,197,391 performance share units to directors, officers, employees, and consultants.