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. (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 centralized view of Northstar’s disclosed operational and corporate milestones.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) reported Q2 2025 financial results and significant operational milestones. Key developments include receiving a second Canadian patent for asphalt reprocessing technology, successful commissioning of the Calgary Empower Facility's water-based front-end and hydrocarbon-based back-end processes, and completion of ERA's Milestone 2, securing $3.9 million in funding.
Financial highlights show a comprehensive loss of $3.13 million for Q2 2025, compared to $1.38 million in Q2 2024. The company secured significant financing, including a non-binding LOI from Export Development Canada for potential funding of up to C$12.5 million per facility for U.S. expansion. Working capital showed a deficit of $1.70 million as of June 30, 2025.
Northstar Clean Technologies (OTCQB: ROOOF) held its annual general and special meeting on July 29, 2025, where shareholders approved all proposed matters. The key approvals included the re-election of eight director candidates, reappointment of MNP LLP as auditors, and the Company's 2025 Equity Incentive Plan (pending TSX Venture Exchange final approval).
The meeting saw participation from shareholders representing 16,982,400 voting shares, accounting for 10.2% of the Company's eligible voting shares.
Northstar Clean Technologies (OTCQB: ROOOF) has achieved a significant milestone in their Calgary asphalt shingle reprocessing facility. The company has successfully produced their highest quality asphalt from waste shingles to date, as revealed in CEO.CA's 'Inside the Boardroom' interview with CEO Aidan Mills.
The company is targeting 80 tonnes daily production to meet Emissions Reduction Alberta's grant milestone requirements, with plans to eventually reach full nameplate capacity. Additionally, Northstar has secured support from Export Development Canada for U.S. expansion plans involving four facilities, along with off-take agreements with major shingle manufacturer TAMKO.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has achieved a significant milestone with its Empower Calgary Facility producing its first liquid asphalt. The facility has successfully completed the commissioning of all major processing units, marking a crucial derisking of the company's technology and intellectual property.
Initial laboratory tests indicate that the asphalt quality significantly surpasses that of the Delta pilot plant product and meets commercial agreement requirements. The company aims to ramp up production to achieve the Emission Reduction Alberta (ERA) Commissioning Milestone 3 volume of 80 tonnes/day.
Additionally, Northstar announced incentive compensation grants, including 2,422,766 stock options at $0.335 exercise price, 538,702 restricted share units, and 1,197,391 performance share units to directors, officers, employees, and select consultants.
Northstar Clean Technologies (OTCQB: ROOOF) has received a non-binding Letter of Interest (LOI) from Export Development Canada (EDC) for potential financial support of up to C$12.5 million for its first planned U.S. shingle reprocessing facility, with the possibility of funding for three additional facilities.
The LOI outlines project financing terms where EDC would maintain a first-ranking secured position on the underlying assets, with potential co-lending opportunities. The funding is subject to several conditions, including successful due diligence, commercialization of the Empower Calgary Facility, completion support for US Facility#1, and equity contributions from one or more parties.
The company's U.S. expansion aligns with its existing liquid asphalt off-take arrangements with TAMKO Building Products LLC for the first four facilities in the United States. The project financing structure is similar to Northstar's existing non-revolving secured debt facility with the Business Development Bank of Canada for its Empower Calgary Facility.
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.
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