Northstar Reports Second Quarter 2026 Results, Achieves ERA Milestone 4, and Provides Production Update; Webcast Today
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) reported Q2 2026 revenue of $208,873 and gross profit of $54,019, versus $142,487 revenue and $194,780 gross profit in Q2 2025.
Rhea-AI Summary
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) reported Q2 2026 revenue of $208,873 and gross profit of $54,019, versus $142,487 revenue and $194,780 gross profit in Q2 2025. The quarterly loss narrowed slightly to $3,047,197 from $3,130,135, and cash rose to $6,163,685 from $2,041,421, supported by completion of a US$10 million private placement in April.
Northstar’s Empower Calgary facility exceeded 100 tonnes per day (tpd) in June with a peak above 120 tpd, and surpassed 160 tpd during early July, though Q2 liquid asphalt sales were modest as processing ramped late in the quarter. The company paused processing in July to fast‑track reliability upgrades and maintenance, commissioned in August, and expects operations to resume imminently.
Northstar achieved Emissions Reduction Alberta (ERA) Milestone 4 sustained production, expects associated grant funds and the release of remaining project holdbacks of about $708,000 after the final project report, and received a new USPTO patent for its asphalt shingle reprocessing technology. A webcast to discuss Q2 results and operations is scheduled for September 1, 2026.
Positive
- Revenue growth to $208,873 in Q2 2026 from $142,487 in Q2 2025
- Quarterly loss slightly improved to $3.05 million from $3.13 million year over year
- Cash balance increased to $6.16 million from $2.04 million as of June 30
- US$10 million private placement final tranche closed in April 2026
- ERA Milestone 4 achieved, with about $708,000 in project holdbacks expected for release
- Empower Calgary peak processing rate exceeded 160 tonnes per day in July
- New USPTO patent awarded for proprietary asphalt shingle reprocessing technology
Negative
- Gross profit declined to $54,019 from $194,780 in Q2 2025
- Net loss remained sizable at $3.05 million for Q2 2026
- Plant downtime in July due to paused processing for upgrades and maintenance
- Q2 liquid asphalt sales described as modest due to late‑quarter processing ramp
News Market Reaction – ROOOF
In the Sep 1 session, ROOOF declined 6.38%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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"Given Northstar's clear strategic focus for 2026 on production and operations at the
"While these peak processing rates are encouraging and demonstrate the capability of our technology, our focus remains on achieving reliable, sustained production rather than maximizing short-term peak throughput. As part of that effort we made the decision in July to pause processing and fast-track a portion of our previously planned winter upgrades to address reliability issues identified during the ramp-up and to perform maintenance on certain parts of the plant. Those upgrades were commissioned in August and maintenance has now been completed. We expect that the plant will be resume operations imminently," continued Mr. Mills. "The experience gained through each stage of the
Q2 2026 Highlights
- April 2026: Northstar Closes Final Tranche of
US Private Placement$10 Million
Highlights Subsequent to Q2 2026
- July 2026: Northstar Exceeds 120 Tonnes per Day ("tpd") Processing Rate and Completes Liquid Asphalt Sales to McAsphalt
- August 2026: Northstar Awarded New Patent from the USPTO for Proprietary Asphalt Shingle Reprocessing Technology
- September 2026: Northstar Achieves Emissions Reduction Alberta ("ERA") Milestone 4
Emission Reduction Alberta
Northstar is pleased to announce that it has successfully achieved ERA Milestone 4 sustained production target following ERA's technical team approval in late August. The Company expects to receive the ERA grant associated with Milestone 4 in the near future, subject to the applicable project holdback. All remaining project holdbacks, totaling approximately
Empower Calgary Update
During the second quarter of 2026, Northstar continued the ramp-up of its Empower Calgary facility. Processing rates exceed 100 tpd during June and reached peak processing rate of more than 120 tpd. As meaningful processing activity occurred primarily toward the end of the quarter, liquid asphalt sales recognized during Q2 2026 were modest.
Following quarter-end, Empower Calgary achieved record processing volumes during the first three weeks of July, including a new peak processing rate of more than 160 tpd. While these peak rates demonstrate the processing capability of the facility, Northstar remains focused on achieving reliable and sustained production rather than maximizing short-term peak throughput.
In July, the Company paused processing activities to fast-track a portion of upgrades that had previously been planned for the winter and to perform maintenance on certain areas of the facility. The decision was also made to address reliability issues identified during the ongoing ramp-up and support the Company's objective of achieving more consistent and sustained operations.
The accelerated upgrades were commissioned in mid-August, with maintenance completed in late August. The Empower Calgary facility is expected to return to normal operations in the coming days.
The operating experience and data generated through the ramp-up of Empower Calgary continue to inform ongoing optimization of the facility and are being incorporated into the engineering and design of future Northstar facilities.
Financial Results
For the quarter ended June 30, 2026, the Company reported revenue of
Investor Webcast
The Company will host a virtual investor webcast to discuss these financial results and to provide an operational update this morning, Tuesday, September 1, 2026, at 06:30 MDT / 08:30 EDT. Details are provided below.
Title: Northstar Clean Technologies Q2 2026 Interim Results and Operational Update
Date: Tuesday, September 1, 2026
Time: 06:30 MDT / 08:30 EDT
Registration: https://us06web.zoom.us/webinar/register/4217876024238/WN_o4Cj72KFT-SpTzqqLbdaNA
Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.
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, limestone 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 four 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.
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", "focus", "continues" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the Company's plans for its inaugural commercial facility in Calgary, including with respect to resumption of operations at such facility; (ii) the Company's strategic priorities, development plans and expected future activities; (iii) the Company's ability to execute its business plans; (iv) the expected timing of receipt of ERA grant payments; and (v) the expected release of holdbacks related to ERA grant payments and the satisfaction of conditions precedent to such release. 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; regulatory approvals, filings or other requirements may impact the timing and terms of the Company's plans; 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.