Northstar Commences Empower Calgary Facility Construction Video Series: Episode #1 Concrete and Equipment
Rhea-AI Summary
Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) has launched a video series to showcase the construction progress of its Empower Calgary Facility, an asphalt shingle reprocessing plant in Calgary, Alberta. The first episode highlights two significant milestones:
1. The arrival of long lead items for the facility
2. The installation of the concrete slab for the building
CEO Aidan Mills expressed excitement about realizing the company's vision of delivering its first commercial facility. The video update is available on Northstar's YouTube channel, marking the beginning of a series that will communicate ongoing progress in the construction and commissioning process.
Positive
- Commencement of construction on the Empower Calgary Facility, indicating progress towards operational status
- Launch of a video series to showcase construction milestones, potentially improving investor communication and transparency
Negative
- None.
News Market Reaction – ROOOF
On the day this news was published, ROOOF declined 2.59%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Mr. Aidan Mills, President & CEO and Director of Northstar, stated, "I have presented a vision for Northstar over the past three years that included the delivery of our first commercial facility and I'm very excited to say that this vision is now being realised with the construction of the Empower Calgary Facility."
As part of the construction and commissioning process for the facility, we will now commence a video series to communicate progress on the program. In the first of these videos, we show two important milestones: (1) the arrival of long lead items for the Empower Calgary Facility, and (2) the installation of the concrete slab for the building. The first update is available on the Company's YouTube channel at the link below:
About Northstar
Northstar Clean Technologies Inc. is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems, and 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 at its first commercial scale up facility in
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" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the vision shared previously for the Company; (ii) the delivery of the Empower Calgary Facility; and (iii) future progress videos in the series. 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 do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/northstar-commences-empower-calgary-facility-construction-video-series-episode-1-concrete-and-equipment-302282793.html
SOURCE Northstar Clean Technologies Inc.
FAQ
What is the purpose of Northstar's new video series for the Empower Calgary Facility?
What milestones are highlighted in the first episode of Northstar's Empower Calgary Facility construction video series?
Where can investors watch Northstar's (TSXV: ROOF) Empower Calgary Facility construction updates?
