Northstar Clean Stock Price, News & Analysis

Northstar Clean Technologies (TSXV: ROOF) announces key senior management changes, including the appointment of Greg Phaneuf as CFO and VP of Corporate Development, Lynda Paananen as Corporate Controller, and the promotion of Kellie Johnston to Chief Legal and Administrative Officer. Phaneuf brings extensive experience in corporate finance, having led financings exceeding $2 billion and acquisitions over $7.5 billion. The company also granted 310,000 RSUs at $0.215 and 310,000 stock options at $0.28 per share to officers and employees, with a five-year exercise period.

Northstar Clean Technologies (TSXV: ROOF) has completed its second draw of $2.7 million from its $8.75 million non-revolving senior secured project loan facility with the Business Development Bank of Canada (BDC). This follows the first draw of $1.6 million made on September 12, 2024. The loan facility is designated for the Company's asphalt shingle reprocessing facility in Calgary, Alberta. The Company plans to continue drawing from the BDC facility as the Empower Calgary Facility construction progresses. Additionally, Northstar will host a virtual investor webinar to discuss Q3 2024 results on December 2, 2024.

Northstar Clean Technologies has released the second episode of its construction updates video series for its Empower Calgary Facility, which focuses on asphalt shingle reprocessing. The video features CEO Aidan Mills and Mook Group of Companies President Jon Mook discussing building progress, current installation status, and upcoming steps. The video update showcases the installation of walls and roof, along with offsite equipment testing at the Calgary facility.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) has launched a video series to showcase the construction progress of its Empower Calgary Facility, an asphalt shingle reprocessing plant in Calgary, Alberta. The first episode highlights two significant milestones:

1. The arrival of long lead items for the facility
2. The installation of the concrete slab for the building

CEO Aidan Mills expressed excitement about realizing the company's vision of delivering its first commercial facility. The video update is available on Northstar's YouTube channel, marking the beginning of a series that will communicate ongoing progress in the construction and commissioning process.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) has announced its participation in several upcoming conferences:

1. Schachter Catch the Energy (In-Person) - Oct 19, 2024, Calgary, AB
2. Kinvestor Day 2024 (Virtual) - Oct 24, 2024
3. LD Micro Main Event (In-Person) - Oct 28-30, 2024, Los Angeles, CA
4. CDRA Shingle Recycling Forum (In-Person) - Oct 29-30, 2024, Louisville, KY
5. RCA Circular Economy Conference (In-Person) - Oct 30-Nov 1, 2024, Banff, AB

These events offer opportunities for investors to interact with company executives, learn about corporate developments, and engage in Q&A sessions. Northstar's representatives, including CEO Aidan Mills, will present at various times during these conferences, showcasing the company's latest developments in clean technology and recycling.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) has completed its first draw of approximately C$1.6 million under its C$8.75 million non-revolving senior secured project loan facility with the Business Development Bank of Canada (BDC). This draw is for the planned asphalt shingle reprocessing facility in Calgary, Alberta. The company has satisfied all conditions precedent to draw on the BDC Facility and expects to continue drawing down as the project progresses. The facility has a 15-year repayment period with a two-year interest-only payment period, and an annual interest rate of 7.95% fixed for five years, reduced from the previously announced 8.35%.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) reported its Q2 2024 financial results, highlighting significant progress in its operations. Key developments include:

1. Received $1.34 million in funding from Alberta's TIER Fund through Emissions Reduction Alberta.

2. Closed a US$1.8 million private placement of convertible debentures with TAMKO Building Products.

3. Announced a three-year asphalt shingle supply agreement with Ecco Recycling & Energy

4. Secured a $2.25 million strategic investment from Calgary-based investors.

5. Selected TAMKO's Frederick, Maryland plant for initial U.S. expansion.

The company's cash balance as of Q2 2024 was $5.623 million, with cumulative capital expenditures for the Empower Calgary Facility reaching $9.348 million. Revenue increased to $240,000 in Q2 2024.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) has been granted a Canadian patent for its front-end technology used in reprocessing asphalt shingles. This patent, valid until 2042, follows two patents issued by the USPTO for similar technologies. The company also has a pending PCT application, preserving its right to file patent applications in 157 contracting states.

The Canadian patent application received fast-track status due to its focus on green technology that mitigates environmental impacts. Northstar's CEO, Aidan Mills, expressed satisfaction with the patent issuance and highlighted the company's ongoing efforts to protect its proprietary technology in Canada, the United States, and internationally.

Northstar Clean Technologies announced its participation in the 2024 Canadian Climate Investor Conference on June 25, 2024, at the MaRS Discovery District in Toronto. CEO Aidan Mills will present at the event, which aims to connect clean technology companies with climate-conscious investors. The conference, hosted by the Toronto Stock Exchange, is designed to promote sustainable investments.

Additionally, at the Annual General and Special Meeting of Shareholders on June 18, 2024, all proposed matters were approved. These included the re-election of seven directors, reappointment of MNP LLP as auditors, approval of the amended 2023 Equity Incentive Plan, approval of TAMKO Building Products as a new control person, and the re-pricing of stock options. A total of 37,247,380 common shares were voted, representing 29.23% of the company's outstanding shares.