Welcome to our dedicated page for Northstar Clean news (Ticker: ROOOF), a resource for investors and traders seeking the latest updates and insights on Northstar Clean stock.
Northstar Clean Technologies Inc. reports company news centered on its waste-to-value asphalt shingle recovery business and the ramp-up of the Empower Calgary commercial facility. Updates cover the processing of post-consumer and manufactured waste shingles, production of liquid asphalt and solid asphalt pellets, recovery of aggregate and fiber, and sales or supply arrangements tied to reusable asphalt and construction-material inputs.
Northstar news also includes financial and operating results, facility throughput milestones, working-capital initiatives, debenture and warrant financings, private placements, strategic updates, and governance or capital-structure disclosures. These developments reflect the company’s focus on commercializing its proprietary process for reprocessing discarded asphalt shingles into reusable components.
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.
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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.