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. (ROOOF) is a leader in sustainable asphalt shingle reprocessing, transforming construction waste into reusable industrial materials. This page serves as the definitive source for official company updates and press releases, providing stakeholders with critical insights into operational developments and market positioning.
Investors and industry observers will find timely information on technology innovations, strategic partnerships, and sustainability milestones. The curated news collection enables tracking of patent advancements, feedstock supply agreements, and progress toward circular economy objectives.
All content undergoes rigorous verification to ensure accuracy and relevance. Users can expect updates covering facility expansions, material recovery rates, and industry certifications, presented in clear, accessible language. The archive supports informed decision-making by highlighting ROOOF's role in reducing construction sector waste.
Bookmark this page for direct access to primary source materials from Northstar Clean Technologies. Regular visits provide a comprehensive view of the company's evolving position within the clean technology and industrial recycling sectors.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has completed the final draw of $617,698 from its $8.75 million BDC Project Loan Facility with the Business Development Bank. This final amount includes a $250,000 hold-back. The loan will now begin amortizing over a 13-year period with monthly payments.
The funds will support commissioning efforts at the Empower Environmental Solutions Calgary facility. The company has successfully completed commissioning of the first half of the facility and is now focusing on the back half. Northstar maintains its timeline for full facility operations by mid-2025.
Northstar Clean Technologies (TSXV: ROOF) has successfully completed Milestone 2 requirements for its Empower Calgary Facility, receiving a $3.9 million payment from Emission Reduction Alberta (ERA). This milestone included completing major procurement activities, equipment delivery, installation, and electrification, along with implementing greenhouse gas monitoring plans. The payment brings total ERA funding to $5.2 million, with $1.9 million remaining pending commissioning and operational milestones.
The Empower Calgary Facility, focused on waste asphalt shingle reprocessing, is now fully funded with commissioning efforts underway. The project aims to create a new industry in the circular economy by diverting waste from landfills and providing sustainable processing solutions for the construction industry.
Northstar Clean Technologies (TSXV: ROOF) has announced its financial results for 2024, highlighting significant developments in its asphalt reprocessing operations. The company achieved substantial completion of its Empower Calgary Facility, scheduled to begin operations by mid-2025. Key accomplishments include securing multiple funding arrangements totaling over $30 million, including a $14 million Royalty Financing with CVW Cleantech and an $8.75 million loan from BDC.
The company secured strategic supply agreements, including a five-year deal with IKO Industries and a three-year agreement with Ecco Recycling. For expansion, Northstar signed a 15-year lease agreement in Hamilton, Ontario, and plans to enter the Mid-Atlantic U.S. market.
Financial results show a comprehensive loss of $9.33 million for 2024, compared to $6.67 million in 2023. Capital expenditures increased significantly to $19.26 million from $2.31 million in 2023, with working capital surplus at $4.84 million.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has released the fifth episode of its construction and commissioning video series for the Empower Calgary Facility in Alberta. The update, presented by CEO Aidan Mills, announces the successful completion of the facility's first-stage processing commissioning, which separates ground-up shingles into two streams: aggregate and asphalt-covered fiber.
The front-end commissioning milestone has resulted in the facility's first marketable product stream - fully separated aggregate. The company reports positive progress in their commissioning program, maintaining their target for full facility production by mid-2025.
Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF) has announced it will release its annual audited financial statements and MD&A for the year ended December 31, 2024, on April 23, 2025, before market open. The documents will be available on SEDAR+ and the company's website.
The company will host a virtual investor webcast on April 23, 2025, at 15:00 MDT / 17:00 EDT to discuss the financial results and provide a business update. An archived version of the webcast will be available approximately two hours after the Q&A session.
Additionally, President & CEO Aidan Mills will attend and present at the Planet MicroCap Showcase in Las Vegas at the Paris Hotel & Casino from April 22-24, 2025. The company will be at booth #616, with Mills presenting on April 23 at 13:30 MDT in Track 4: Loire Room.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has secured a second Canadian patent for its proprietary asphalt shingle reprocessing technology. The new patent, issued by the Canadian Intellectual Patent Office (CIPO), specifically covers Stage 3 of the reprocessing technology - the asphalt recovery stage - and will remain valid until 2042.
This patent follows the company's initial Canadian patent from July 2024 and two U.S. patents received in November 2022 and May 2024. The company is preparing to begin commercial production at its Calgary facility in mid-2025 and continues to pursue patent protection across North America and other international jurisdictions.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has secured a 15-year lease extension for its Delta, British Columbia facility. The extended lease enables potential retrofit of the Empower Delta Facility, previously a pilot facility, into a commercial-scale operation.
The Delta site maintains all necessary regulatory approvals and permits for light industrial operations, offering future expansion opportunities with reduced permitting and development timelines and costs. The pilot operations at this facility successfully validated the technology and provided engineering foundation for the Empower Calgary Facility.
The company's immediate priority remains the commissioning and ramp-up of the Empower Calgary Facility, their first full-scale commercial facility currently in final commissioning phase. Additionally, Northstar is pursuing development plans for planned facilities in Hamilton, ON and the U.S. Mid-Atlantic region.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has released the fourth episode of its construction and commissioning video series for the Empower Calgary Facility, marking a significant milestone with the commencement of commissioning operations.
In the latest episode, CEO Aidan Mills and Commissioning Lead Allen Gervais detail the commissioning process and current progress. The company has successfully initiated the first phase by grinding asphalt shingles and feeding them into the facility's front-end process modules.
The remaining processing modules are expected to complete construction in the coming weeks, ahead of the commissioning schedule. The facility remains on track to begin operations by mid-2025.
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.
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 achievement aligns with the TSX Venture 50's collective performance, where the selected companies delivered an average share price appreciation of 207% in 2024, improving from 121% in 2023 and 73% in 2022. The combined market capitalization of the top 50 companies reached $21.7 billion, marking an increase of over $16 billion during the year.
The company is currently launching operations at its Calgary facility for waste-to-value asphalt shingle reprocessing and plans to develop additional facilities across North America.
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