Northstar Clean Stock Price, News & Analysis

Northstar Clean Technologies Inc. has announced favorable economic prospects for its Calgary Empower Facility, projecting $7.6 million in potential annual revenue and $4.0 million in EBITDA per facility. The facility aims to process 34,200 tonnes of asphalt shingles annually, achieving a 65% gross margin. Key operational metrics include processing 15 tonnes per hour and 150 tonnes daily. The analysis suggests significant upside opportunities and highlights the facility's impact on landfill diversion, emphasizing the company's commitment to sustainability.

Northstar Clean Technologies has secured a non-dilutive grant of $200,000 from Alberta Innovates to support engineering costs for its Calgary asphalt shingle reprocessing facility. The total projected cost is $675,000. This grant marks the first funding in a series of applications aimed at expanding capacity. Northstar is positioned to repurpose significant waste from landfills into valuable products, aligning with governmental zero-waste initiatives. The company is also moving forward with its Empower Pilot Facility, producing sustainable asphalt through proprietary technology.

Northstar Clean Technologies Inc. has selected Calgary, Alberta, for its expanded-capacity asphalt shingle reprocessing facility, termed the Calgary Empower Facility. This facility, expected to process 150-200 tonnes per day, will significantly scale up operations from the current pilot facility's capacity of 50-75 tonnes per day. The construction is projected to begin in H1 2023, focusing on sustainability and reducing landfill waste. The facility aims to divert 30,000 to 50,000 tonnes of shingles annually, creating 10 to 15 new jobs in the process.

Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) announced positive test results for its liquid asphalt and aggregate from an independent third-party facility. The tests confirmed that both products meet the company's specifications, produced from reprocessed asphalt shingles at its Delta, BC facility. The results indicate that Northstar's liquid asphalt is comparable to shingle and bulk roofing asphalt, requiring minor blending for full compliance. The company stated that these products support its commitment to quality and can re-enter manufacturing processes, aligning with its circular economy goals.

Northstar Clean Technologies has initiated steady state production at its Empower Pilot Facility in Delta, British Columbia, processing discarded asphalt shingles into green asphalt, fiber, and aggregate. This operation validates the proprietary Bitumen Extraction and Separation Technology (BEST) as a foundation for future scaling. The facility is set to produce 10-20 tonnes per day, ramping up to 50-75 tonnes for commercial production. Northstar is also showcasing its process to stakeholders through site visits in February and March 2022.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) announced that its shares are now trading on the OTCQB Venture Market in the U.S. under the ticker 'ROOOF'. This listing, along with eligibility for DTC services, aims to enhance the company's visibility among U.S. investors and improve liquidity for shareholders. The OTCQB listing aligns with Northstar's mission to recover and repurpose asphalt shingles, contributing to sustainable practices and reducing landfill waste. The company's Empower Facility in Delta, BC, will be pivotal in its operations.

Northstar Clean Technologies Inc. (TSXV: ROOF) announced the approval of all matters at its annual general and special meeting held on December 15, 2021, where shareholders approved the expansion of the board from five to six directors and the election of new director Aidan Mills. Additionally, Davidson & Company LLP was reappointed as auditors. A total of 39,599,279 shares, representing 37.31% of outstanding shares, were voted. The company aims to enhance its leadership as it expands asphalt shingle processing facilities in Canada.

Northstar Clean Technologies (TSXV: ROOF) announced CEO Aidan Mills will present at the TSX Clean Technology Investor Day on December 1, 2021, and at the OTC Markets Small Cap Growth Virtual Conference on December 2, 2021. He will discuss significant company progress since its July 2021 listing, including successful commissioning runs at the Empower Facility and selecting BBA as its consulting engineering firm. Additionally, Mills and President Gord Johnson presented at a CWMA event focused on waste management innovations for 2022, providing insights into the clean technology sector's growth in Canada.