Northstar Clean Stock Price, News & Analysis

Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) announced plans to file its annual financial statements and management's discussion and analysis (MD&A) for the year ended December 31, 2022, on April 20, 2023. These documents will be available on the Company's website. Additionally, a virtual investor webcast is scheduled for the same day at 2:00 PM PDT to discuss the financial results and provide a business update. Northstar focuses on sustainable recovery and reprocessing of asphalt shingles, aiming to lead in this sector across North America.

The company’s Empower Pilot Facility in Delta, BC, and commercial facility in Calgary, AB, are pivotal in its operations, aligning with a circular economy approach to reduce landfill waste.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) has been awarded the Environmental Awareness Award by the Waste Management Association of BC on February 23, 2023. Co-Founder Gord Johnson accepted the award, recognizing Northstar's innovative technology for recycling asphalt shingles, which diverts materials from landfills. The company aims to lead in this sector within North America. Additionally, Northstar's President & CEO Aidan Mills will present at the Kinvestor Green Future 2023 Virtual Investor Conference on March 28, 2023, discussing their progress and future plans for the Empower Calgary Facility.

Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) has disclosed the successful completion of R&D testing for its liquid asphalt by major shingle and flat roofing manufacturers. These manufacturers will initiate manufacturing and product testing in the first half of 2023, following positive results. Assuming success in this phase, Northstar anticipates entering negotiations for long-term liquid asphalt supply agreements. The company will continue production for this testing at its Empower Pilot Facility in Delta, British Columbia, with a focus on delivering test volumes until Q3 2023. CEO Aidan Mills expressed optimism about expanding markets for Northstar's liquid asphalt.

Northstar Clean Technologies Inc. has signed a five-year offtake agreement with McAsphalt Industries Ltd. to exclusively sell 100% of liquid asphalt from the planned Empower Calgary Facility. This agreement follows a prior binding term sheet and aims to support McAsphalt's goal of reducing carbon emissions by 15,000 tonnes annually. The pricing structure will be based on a market formula, with additional provisions for risk management and collaboration on environmental credits. The agreement hinges on securing funding and permits for construction.

Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) announced the closure of a non-brokered private placement of unsecured convertible debentures totaling $625,000. These debentures carry a 10% annual interest rate and mature in 36 months. Proceeds will fund the Empower Pilot Facility, Calgary Scale Up Facility, and general corporate purposes. The principal can convert into units at $0.25 each. Notably, an insider invested $50,000 in this offering, exempting it from certain regulatory requirements. Regulatory approval is pending, and securities are subject to a four-month hold.

Northstar Clean Technologies has signed a 15-year lease for a 4-acre industrial site in Rocky View County, Alberta, with two 5-year extension options. This strategic location is 4.4km from the City of Calgary East Landfill, enabling easy access to necessary materials and transportation. All municipal permits for construction and operations have been secured, allowing site access starting July 1, 2023. This facility will serve as Northstar's first scale-up site for asphalt shingle recovery and processing, supporting its mission for a circular economy in asphalt recycling across Canada and the US.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) announced on February 14, 2023, that its shingle reprocessing technology received a Notice of Advanced Examination from the Canadian Patent Office (CPO), allowing for expedited patent application processing. The CPO approved this due to its relevance in mitigating environmental impacts, marking a significant step for Northstar in developing its intellectual property portfolio. The company aims to lead in reprocessing asphalt shingles, which typically end up in landfills, by extracting valuable components for reuse.

Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has received approval for a non-repayable government grant of $7,088,856 from Emissions Reduction Alberta (ERA) to support its Empower Calgary Facility.

This funding represents 100% of Northstar's request, contributing to its goal of recovering and reprocessing asphalt shingles. The grant is part of ERA's $50 million Circular Economy Challenge launched in March 2022.

Northstar aims to accelerate the circular economy and reduce greenhouse gas emissions, enhancing economic and environmental benefits.

Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) announced that its site for the Empower Calgary Facility received a conditional development permit from Rocky View County on January 20, 2023. This permit allows Northstar to progress towards construction and production of asphalt shingle recovery. The selected site covers 3.98 acres and is conveniently located near Calgary. Northstar aims to lead in the sustainable recovery of asphalt shingles, contributing to the circular economy. The company will update the market once all conditions are met to move forward.