Northstar Recognized as Top 50 TSX Venture Exchange Company

Rhea-AI Summary

Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF) has been recognized as one of the top performers in the 2024 TSX Venture 50, a prestigious ranking of the top 50 companies among over 1,600 TSXV issuers. The selection criteria included market capitalization growth, share price appreciation, and trading volume.

The company demonstrated exceptional performance with a 220% share price increase, rising from $0.125 to $0.40 throughout 2024. This performance contributed to the TSX Venture 50's impressive average share price appreciation of 207% in 2024, surpassing previous years' results of 121% in 2023 and 73% in 2022. The selected companies achieved a combined market capitalization of $21.7 billion, marking an increase of over $16 billion during the year.

Northstar's CEO, Aidan Mills, expressed pride in the recognition and highlighted the company's future prospects, including the launch of their Calgary facility for asphalt shingle reprocessing and plans for additional facilities across North America.

Calgary, Alberta--(Newsfile Corp. - February 19, 2025) - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce its recognition as one of the top 2024 performers on TSX Venture Exchange ("TSXV").

The 2024 TSX Venture 50 showcases the top 50 of over 1,600 TSXV issuers. The ranking is an equal weighting of each company's performance during 2024 across three key indicators: market capitalization growth, share price appreciation, and trading volume. The 50 companies on the list delivered an average share price appreciation of 207% to investors in 2024, up from 121% in 2023 and 73% in 2022. In addition, the group holds a combined market capitalization of $21.7 billion, an increase of over $16 billion over the course of the year. Northstar's share price rose 220% from $0.125 at the beginning of the year while exiting the year at $0.40. More details can be found at the following link: www.tsx.com/venture50.

"It is an honour to receive this award for the share performance of Northstar in 2024," commented Aidan Mills, President & CEO. "We believe we are laying the foundations for success in 2025 and beyond with operations commencing at our inaugural waste to value asphalt shingle reprocessing Calgary facility and the development of several follow-on facilities across North America. This is a very exciting time for the Company and an award we can hopefully repeat."

About Northstar

Northstar is a Canadian clean 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

Northstar Investor Relations Inquiries:
Kin Communications
Phone: 604 684 6730
Email: ROOF@kincommunications.com

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) Northstar's plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary, (ii) Northstar's hope to repeat share performance, (iii) Northstar's belief of laying the foundation for growth and success in 2025 and beyond; and (iv) 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 do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241521

FAQ

What was Northstar's (ROOOF) stock price performance in 2024?

Northstar's stock price increased by 220% in 2024, rising from $0.125 to $0.40 per share.

How did Northstar (ROOOF) qualify for the 2024 TSX Venture 50?

Northstar qualified based on three key indicators: market capitalization growth, share price appreciation, and trading volume performance throughout 2024.

What was the average share price appreciation for TSX Venture 50 companies in 2024?

The TSX Venture 50 companies delivered an average share price appreciation of 207% to investors in 2024.

What are Northstar's (ROOOF) expansion plans for 2025?

Northstar plans to commence operations at their Calgary asphalt shingle reprocessing facility and develop several follow-on facilities across North America.

How does the 2024 TSX Venture 50 performance compare to previous years?

The 2024 average appreciation of 207% showed significant improvement over 121% in 2023 and 73% in 2022.