Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) generates news that centers on its asphalt shingle reprocessing operations, facility milestones and financing activities. As a Canadian waste-to-value technology company in the waste management and industrials sectors, its announcements often highlight progress at the Empower Calgary Facility, developments in its proprietary asphalt shingle reprocessing technology and steps toward expansion.
Recent news releases describe commissioning achievements at the Empower Calgary Facility, including production of liquid asphalt and solid asphalt pellets from both manufacturing waste and end-of-life, tear-off shingles. The company has also reported reaching processing thresholds such as 80 tonnes of shingle feedstock per day, which it links to milestones under a contribution agreement with Emissions Reduction Alberta.
Northstar’s news flow also covers commercial and strategic relationships. Examples include a first sale of liquid asphalt to McAsphalt Industries Ltd., a contract with The City of Calgary for the receipt and reprocessing of municipal asphalt shingles, and a non-binding agreement to secure a lease in Baltimore, Maryland for its first planned U.S. facility. The company additionally reports on patent grants related to its technology, including patents for limestone recovery from shingles.
Investors following ROOOF news can expect updates on facility operations, patent portfolio developments, municipal and industrial contracts, offtake arrangements, financing transactions such as convertible debentures and private placements, and plans for U.S. expansion. This news page provides a record of Northstar’s disclosed operational and corporate milestones.
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.