CA Market News
6日前
NORTHSTAR REPORTS FIRST QUARTER 2026 RESULTS; PROVIDES CAPITAL MARKETS UPDATE AND ANNOUNCES WEBCASTJune 1, 2026 8:54 PM
PR Newswire (Canada) /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE DISSEMINATION, DISTRIBUTION, RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES/CALGARY, AB, June 1, 2026 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce its financial and operating results for the three-month period ended March 31, 2026. Selected financial and operational information is set out below and should be read in conjunction with the Company's March 31, 2026 financial statements and the related management's discussion and analysis, which are available for review at www.sedarplus.ca or the Company's website at www.northstarcleantech.com. "The first quarter of 2026 was focused on strategic execution for Northstar, highlighted by the advancement of our U.S. expansion plans, including the selection of Baltimore, MD as our first U.S. location, and the strengthening of our financial position to support the ramp up of the Empower Calgary facility and future growth," said Aidan Mills, President & CEO of Northstar. "This month, ramp up activities at the Empower Calgary Facility have been ongoing and, we're successfully processing front-to-back without encountering the material transfer and water processing issues initially at 80tpd. We're getting very close to achieving 100tpd at the Calgary Facility, a key operational milestone aligned with ERA Milestone 4 and an important step toward commercial production."Q1 2026 HighlightsJanuary 2026: Northstar Selects Baltimore, Maryland as First United States Expansion LocationJanuary 2026: Northstar Raises $1.0 Million in Debenture ProceedsFebruary 2026: Northstar Extends Maturing Convertible DebenturesMarch 2026: Northstar Announces US$10 Million Non-Binding Term SheetMarch 2026: Northstar Closes US$9 Million First Tranche of US$10 Million Private PlacementHighlights Subsequent to Q1 2026April 2026: Northstar Closes Final Tranche of US$10 Million Private PlacementFinancial ResultsFor the quarter ended March 31, 2026, the Company reported revenue of $208,458 and gross profit of $83,649 compared to revenue of $175,517 and gross loss of $47,790 for the quarter ended March 31, 2025. The Company reported a loss and comprehensive loss of $4,839,819 compared to a loss and comprehensive loss of $2,949,917 for the quarter ended March 31, 2025, reflecting the transition from a development-stage company to an operating organization preparing for commercial production at the Empower Calgary facility. As at March 31, 2026, the Company had cash and cash equivalents of $12,662,356 (March 31, 2025 - $2,853,382). Subsequent to quarter-end, the Company strengthened its cash position through the completion of a private placement of a US$1 million convertible debenture, the second tranche of a US$10 million convertible debenture, which closed in April 2026.Investor WebcastThe Company will host a virtual investor webcast to discuss these financial results and to provide an operational update. The webcast will be held on Tuesday, June 2, 2026, at 06:30 MDT / 08:30 EDT. Details are provided below.Title: Northstar Clean Technologies Q1 2026 Interim Results and Operational Update
Date: Tuesday, June 2, 2026
Time: 06:30 MDT / 08:30 EDT
Registration: https://us06web.zoom.us/webinar/register/1417798306614/WN_TpPml0kPQsm7DaACzP8YAg Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.Capital Markets UpdateThe Company is also providing an update on recent warrant activity and the establishment of an at-the-market equity issuance program (the "ATM Program") as part of its capital market strategy to add future flexibility."Since the start of the year, the Company has seen a meaningful number of warrants and options exercised or expire, generating additional capital for the Company while also simplifying and strengthening our capital structure as we advance toward commercial production," said Mr. Mills. "With the recent completion of our US$10 million financing, we do not anticipate any near-term use of the ATM Program. The establishment of the program follows the prior completion of our AIF and base shelf prospectus and reflects work that was already underway as part of our broader efforts to enhance financial flexibility prior to the recent financing."Warrant and Option Activity; Capital Structure UpdateDuring the first quarter of 2026, a total of 24,000 warrants expired or were forfeited, while 333,300 were exercised. In addition, during the first quarter of 2026, a total of 3,028,786 options expired or were forfeited, and 387,200 options were exercised. These activities generated aggregate proceeds of $147,972 for the Company.Subsequent to quarter end, an additional 11,933,980 warrants expired and 4,079,878 warrants were exercised for gross proceeds of $815,976.In total, 19,787,144 warrants and options have been removed from the Company's capital structure year to date, with $963,948 in proceeds generated.The Company notes that the expiry of these legacy warrants and options have contributed to a meaningful simplification of the Company's capital structure. Concurrently, warrant and option exercises have provided incremental capital to the Company through the conversion of previously issued securities, representing dilution that was already reflected on a fully diluted basis.At-The-Market (ATM) Equity ProgramThe Company is pleased to announce that it has entered into an equity distribution agreement (the "Equity Distribution Agreement") with Stifel Canada (the "Agent").Under the Equity Distribution Agreement, the Company may offer and sell common shares of the Company ("Common Shares") to raise aggregate gross proceeds of up to C$10,000,000 (the "Offering"), pursuant to an "at-the-market" equity program. The Common Shares will be sold by the Company to the public from time to time, through the Agent, at the Company's discretion, at the prevailing market price at the time of sale, all in accordance with the terms and conditions of the Equity Distribution Agreement.Sales of Common Shares under the ATM Program will be conducted by the Agent through "at-the-market distributions" as defined in National Instrument 44-102 – Shelf Distributions, on the TSX Venture Exchange or any other "marketplace" (as such term is defined in National Instrument 21-101 – Marketplace Operations) in Canada on which the Common Shares are listed, quoted or otherwise traded.In connection with the Offering, the Company has filed a prospectus supplement dated June 1, 2026 (the "Prospectus Supplement") to its short form base shelf prospectus (the "Base Shelf Prospectus") dated December 5, 2025, with the securities regulators in each of the provinces and territories of Canada.Prospectus Supplement and Base Shelf Prospectus are Accessible through SEDAR+Access to the Base Shelf Prospectus, the Prospectus Supplement and any amendment thereto is provided in accordance with applicable securities legislation. The Prospectus Supplement and the Base Shelf Prospectus are accessible on the Company's profile at SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Base Shelf Prospectus, Prospectus Supplement and any amendment to the documents may be obtained, without charge, from the Chief Financial Officer of Northstar Clean Technologies Inc. at 101, 12111 – 40th Street SE, Calgary, Alberta, T2Z 4E6, by telephone 604-684-6730. Prospective investors should read the Base Shelf Prospectus and the Prospectus Supplement in their entirety before making an investment decision.This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the Securities Act of 1933 or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933, and applicable U.S. state securities laws.About NorthstarNorthstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate, limestone and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its four primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.For further information about Northstar, please visit www.northstarcleantech.com.On Behalf of the Board of Directors,
Aidan Mills
President & CEO, DirectorCautionary Statement on Forward-Looking InformationNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: the Company's US expansion plans; timing and achievement of commercial production at the Empower Calgary Facility; the Company's strategic priorities, development plans and expected future activities; the Company's ability to execute its business plans; statements regarding potential sales under the ATM Program and the proceeds thereof; expectations relating to the timing and completion of sales under the ATM Program, if any, upon terms as presently proposed or at all; the anticipated duration of the ATM Program; and the use of proceeds raised pursuant to the ATM Program, if any. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; regulatory approvals, filings or other requirements may impact the timing and terms of the Company's plans; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.SOURCE Northstar Clean Technologies Inc. Original: NORTHSTAR REPORTS FIRST QUARTER 2026 RESULTS; PROVIDES CAPITAL MARKETS UPDATE AND ANNOUNCES WEBCAST
CA Market News
1週前
NORTHSTAR ANNOUNCES DATE FOR FIRST QUARTER 2026 FINANCIAL RESULTS AND VIRTUAL INVESTOR WEBCASTMay 28, 2026 1:44 PM
PR Newswire (Canada) CALGARY, AB, May 28, 2026 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that it intends to file its unaudited quarterly financial statements and management's discussion and analysis ("MD&A") on SEDAR for the three months ended March 31, 2026 on Monday, June 1, 2026 after market close. The Company will host a virtual investor webcast to discuss these financial results and to provide an operational update the following morning, Tuesday, June 2, 2026, at 06:30 MDT / 08:30 EDT. Details are provided below.Title: Northstar Clean Technologies Q1 2026 Interim Results and Operational Update
Date: Tuesday, June 2, 2026
Time: 06:30 MDT / 08:30 EDT
Registration:
https://us06web.zoom.us/webinar/register/1417798306614/WN_TpPml0kPQsm7DaACzP8YAg Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.About NorthstarNorthstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate, limestone and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its four primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.For further information about Northstar, please visit www.northstarcleantech.com.On Behalf of the Board of Directors,
Aidan Mills
President & CEO, DirectorCautionary Statement on Forward-Looking InformationNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the anticipated timing of filing of the Company's March 31, 2026 interim financial statements and corresponding investor webcast; and (ii) the Company's ability to execute its business plans. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; regulatory approvals, filings or other requirements may impact the timing and terms of the Company's plans; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. View original content to download multimedia:https://www.prnewswire.com/news-releases/northstar-announces-date-for-first-quarter-2026-financial-results-and-virtual-investor-webcast-302784844.htmlSOURCE Northstar Clean Technologies Inc. Original: NORTHSTAR ANNOUNCES DATE FOR FIRST QUARTER 2026 FINANCIAL RESULTS AND VIRTUAL INVESTOR WEBCAST
CA Market News
1月前
NORTHSTAR REPORTS 2025 YEAR END FINANCIAL AND OPERATING RESULTSApril 29, 2026 7:00 AM
PR Newswire (US)
CALGARY, AB, April 29, 2026 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce its financial and operating results for the three- and twelve-month period ended December 31, 2025. Selected financial and operational information is set out below and should be read in conjunction with the Company's December 31, 2025 financial statements and the related management's discussion and analysis, which are available for review at www.sedarplus.ca or the Company's website at www.northstarcleantech.com.
"We view 2025 as a significant transitional year for Northstar, as we constructed and commissioned our first commercial facility, Empower Calgary," said Aidan Mills, President & CEO of Northstar. "This included the first production of liquid asphalt from post-consumer and manufactured waste shingles, achieving our first throughput milestone of 80 tpd, and the first sale of liquid asphalt to McAsphalt, an important step toward regular revenue generation. As expected of a first-of-its-kind commercial facility, this transition wasn't without challenges, but the strength of the team and underlying technology allowed us to meet these head on, and these learnings are directly informing our path toward stable, long-term production."Q4 2025 HighlightsOctober 2025: Northstar Achieves 80 Tonnes Per Day Shingle Processing Milestone at Empower Calgary FacilityNovember 2025: Northstar Secures Five Year Contract with City of Calgary for Waste Asphalt Shingle SupplyDecember 2025: Northstar Adds to Working Capital Reserves Via Several InitiativesDecember 2025: Northstar Announces First Sale of Liquid Asphalt to McAsphalt IndustriesHighlights Subsequent to Q4 2025January 2026: Northstar Selects Baltimore, Maryland as First United States Expansion LocationJanuary 2026: Northstar Raises $1.0 Million in Debenture ProceedsFebruary 2026: Northstar Extends Maturing Convertible DebenturesMarch 2026: Northstar Announces US$10 Million Non-Binding Term SheetMarch 2026: Northstar Closes US$9 Million First Tranche of US$10 Million Private PlacementApril 2026: Northstar Closes Final Tranche of US$10 Million Private PlacementFinancial ResultsFor the year ended December 31, 2025, the Company reported revenue of $593,586 and gross profit of $93,439 compared to revenue of $640,569 and gross profit of $68,022 for the year ended December 31, 2024. The Company reported a net loss of $14,751,864 compared to a net loss $9,332,820 in the prior year, reflecting the transition from a development-stage company to an operating organization preparing for commercial production at the Empower Calgary facility. As at December 31, 2025, the Company had cash and cash equivalents of $457,094 (December 31, 2024 - $10,225,904). Subsequent to year-end, the Company strengthened its cash position through the completion of private placements of a $1 million debenture which closed in January 2026 and US$10 million of convertible debentures which closed in two tranches in March and April 2026.About NorthstarNorthstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate, limestone and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its four primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.For further information about Northstar, please visit www.northstarcleantech.com.On Behalf of the Board of Directors,
Aidan Mills
President & CEO, DirectorCautionary Statement on Forward-Looking InformationNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the Company's plans for its inaugural commercial facility in Calgary; (ii) the Company's strategic priorities, development plans and expected future activities; and (iii) the Company's ability to execute its business plans. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; regulatory approvals, filings or other requirements may impact the timing and terms of the Company's plans; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/northstar-reports-2025-year-end-financial-and-operating-results-302756432.htmlSOURCE Northstar Clean Technologies Inc.
Original: NORTHSTAR REPORTS 2025 YEAR END FINANCIAL AND OPERATING RESULTS
CA Market News
3月前
Northstar Provides Operational Update, Outlines 2026 Priorities and Announces US$10 Million Non-binding Term Sheet; Webcast TodayMarch 12, 2026 5:15 PM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION IN THE UNITED STATES/CALGARY, AB, March 12, 2026 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to provide an operational update on its Empower Calgary facility, outline key strategic priorities for 2026, and announce a series of corporate initiatives to support the Company's next phase of growth, including both a US$10,000,000 non-binding term sheet for convertible debentures and management changes.
Key Highlights:Empower Calgary ramp up continues with throughput improvements and operational bottlenecks identified and addressed.Engineering and procurement commenced for processing upgrade to support improved recoveries and long-term performance.2026 strategic priorities focused on Empower Calgary commercial production and permitting and engineering for expansion facilities in Hamilton and Baltimore.Entered into a US$10,000,000 non-binding term sheet for unsecured non-transferable convertible debentures.Appointment of Lynda Paananen to Chief Financial Officer, and Mark Bishop to VP Engineering and Projects.Investor webcast scheduled for later today at 3:00 PM MT / 5:00 PM ET to discuss the update and answer questions. Full webcast details included at the end of this release.Empower Calgary Operational UpdateThe Company has continued to ramp up processing at its Empower Calgary facility toward an interim processing volume target of 100-150 tonnes per day ("tpd"). Operations at 80 tpd uncovered three items requiring attention, two material transfer related and one water processing related. The Company is happy to share that it has implemented solutions for all three of these items which will allow the Company to operate in the 100-150 tpd range in the near term. Based on anticipated operating performance and ramp up, Northstar expects to achieve ERA Milestone #4 during Q2 2026 which will also trigger Tranche 2 of the previously announced strategic investment from Allmine Paving LLC, a party and subsidiary of TAMKO Building Products LLC, representing an additional US$1.8 million convertible debenture investment in the Company.Additionally, Northstar has identified an opportunity to improve asphalt recoveries through the addition of supplementary processing equipment. Engineering is ongoing and the Company is currently planning this upgrade to take place during fall 2026. Following this upgrade, the Company expects to commence full production, processing volumes of 150 tpd with optimized asphalt output."We felt it was important to provide the market with an update on our progress at Empower Calgary," said Aidan Mills, CEO of Northstar. "While the ramp up has taken longer than we initially expected, the process has allowed the team to identify and address material transfer and water processing bottlenecks that are typical discoveries during the initial operation of a full-scale commercial plant. With the planned upgrade, we are laying the groundwork for improved recoveries and long-term performance. We are also encouraged that the quality of the liquid asphalt being produced is exceeding both our expectations and those of our partners, cementing the fact that our patented process and core technology work."2026 PrioritiesNorthstar's primary focus in 2026 will be the continued ramp-up and advancement of commercial production at the Empower Calgary facility. In parallel, the Company intends to progress development activities for future facilities in Baltimore and Hamilton, with efforts centered on permitting and engineering.Engineering work for these locations is expected to incorporate process and technological improvements garnered from construction, commissioning, and operational experience at Empower Calgary, including planned debottlenecking initiatives following the proposed upgrade. The Company currently anticipates minimal expenditures related to these projects through 2026 while engineering and permitting activities advance. Construction and commissioning activities are targeted to commence in 2027 with commercial production expected in 2028.Non-Brokered Private Placement of Convertible DebenturesThe Company has entered into a non-binding term sheet for US$10,000,000 unsecured non-transferable convertible debentures (the "Convertible Debentures") for aggregate gross proceeds of up to US$10,000,000 (the "Private Placement") with a global investor group.Each Convertible Debenture will bear interest at a rate of 8% per annum on the outstanding principal amount. The principal amount of the Convertible Debentures will be convertible into common shares of the Company (the "Common Shares") at the option of the holder at any time following the closing of the Private Placement at a conversion price of C$0.275 per Common Share. At the time of conversion of the principal amount, holders may also elect to convert any accrued and unpaid interest into Common Shares at a conversion price equal to the Market Price of the Common Shares at the time of conversion.The Company may, at its option, force the conversion of the outstanding principal amount of the Convertible Debentures, together with any accrued and unpaid interest, upon not more than 60 days' and not less than 30 days' prior written notice to the holders in the event that the daily volume weighted average trading price of the Common Shares on the TSX Venture Exchange ("TSXV") exceeds C$0.75 per Common Share for ninety consecutive trading days.Mr. Mills stated, "We believe this financing is structured in a way that aligns with the interests of our shareholders. Importantly, with a conversion price at a premium to the current market, no warrants included in the structure, and a financing fee in line with the market, this transaction helps limit potential dilution while providing the Company with significant near-term financial flexibility."The Company intends to use the net proceeds of the Private Placement for working capital requirements and other general corporate purposes. In connection with the Private Placement, the Company intends to pay a finder's fee in an amount of 6% of the gross proceeds, in Common Shares. The Private Placement is subject to the execution of definitive subscription agreements and receipt of all required approvals, including the approval of the TSXV. The Private Placement is expected to close in the final week of March 2026.Management ChangesThe Company has appointed Lynda Paananen, previously the Company's Corporate Controller, as Chief Financial Officer, effective March 9, 2026. Greg Phaneuf is no longer serving as Chief Financial Officer of the Company.The Company thanks Mr. Phaneuf for his contributions and wishes him well in his future endeavors.The Company has also appointed Mark Bishop, formerly a consultant for the Company, to the role of VP Engineering and Projects. In his new role, Mr. Bishop will lead the planning, development and delivery of Northstar's facility buildout across North America, overseeing project execution to ensure plants are delivered safely, on time, and within budget."I would like to congratulate Lynda and Mark on their new positions at Northstar," stated Mr. Mills. "Lynda has been instrumental in strengthening our financial operations since joining Northstar in November 2024 and we are confident in her abilities to lead the finance function as we continue to grow. Since joining as a consultant in June 2025, Mark has made a meaningful impact supporting the ramp up of our Empower Calgary facility and identifying key debottlenecking opportunities. His appointment as VP Engineering and Projects reflects the importance of that work as we advance our first full-scale commercial facility and look towards our future expansion."Webcast DetailsNorthstar plans to host an operational update webcast later today to discuss in further detail the ongoing ramp up and operations at Empower Calgary, the proposed facility upgrade, and roadmap to full production.Title: Northstar Clean Technologies Q1 2026 Corporate Update
Date: Thursday, March 12, 2026
Time: 15:00 MST / 17:00 EST
Registration:https://us06web.zoom.us/webinar/register/6617733469347/WN_7MR4N5Y7R-erh5e1W2IIfw
Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.None of the securities sold in connection with the Private Placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About NorthstarNorthstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.For further information about Northstar, please visit www.northstarcleantech.com.On Behalf of the Board of Directors,
Aidan Mills
President & CEO, DirectorCautionary Statement on Forward-Looking InformationThis press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements reflect management's current expectations, assumptions and beliefs regarding future events and are often identified by words such as "expect", "anticipate", "believe", "estimate", "intend", "plan", "may", "will" and similar expressions.Forward-looking statements in this press release include, without limitation, statements relating to: the ramp-up, performance and anticipated throughput of the Empower Calgary facility; the timing and impact of planned processing upgrades; the achievement of ERA milestones and related strategic investment tranches; the Company's 2026 strategic priorities and development plans for future facilities; anticipated permitting, engineering, construction and commissioning timelines; and the entering into, completion, timing and closing of the proposed non-binding private placement of convertible debentures, including the execution of definitive agreements, receipt of required approvals (including TSXV approval), and the intended use of proceeds.Forward-looking statements are based on management's current expectations and assumptions, including assumptions regarding operational performance, equipment availability and integration, permitting and regulatory processes, access to capital, and general economic and market conditions. In particular, statements relating to the proposed private placement are subject to risks that the parties may not enter into definitive agreements, required approvals may not be obtained, or the transaction may be modified or not completed on the terms currently contemplated, or at all.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially, including operational and commissioning risks; permitting, construction and regulatory risks; execution and financing risks; availability and cost of labour, materials and equipment; and changes in economic or market conditions. Additional risk factors are described in the Company's continuous disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca.Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by applicable securities laws.SOURCE Northstar Clean Technologies Inc.
Original: Northstar Provides Operational Update, Outlines 2026 Priorities and Announces US$10 Million Non-binding Term Sheet; Webcast Today
Oleblue
7月前
Northstar Achieves 80 Tonnes Per Day Shingle Processing Milestone at Empower Calgary Facility
CALGARY, AB, Oct. 28, 2025 - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that its asphalt shingle reprocessing facility in Calgary, Alberta (the "Empower Calgary Facility" or the "Facility") successfully reached its first major operational goal by processing over 80 tonnes of shingle feedstock per day. This processing threshold is a critical landmark for the Company and completes Milestone 3 for Emission Reduction Alberta's ("ERA") grant. In due course, the Company expects to receive over $700,000 from ERA associated with the delivery of this Milestone.
The Company now expects to move the Facility to steady-state commercial operations with product revenue generation expected in the following weeks.
"Processing over 80 tonnes per day in our first commercial shingle processing facility is a huge milestone for the Company," commented Aidan Mills, President & CEO. "This achievement demonstrates the de-risking of the technology and the move to product revenue generation, critical to validating Northstar as a compelling, waste-to-value company. The lessons learned to get to this point have provided tremendous insight both for the optimization of the Calgary process moving forward and the deployment of subsequent Northstar facilities. I'd like to acknowledge the Northstar team and our wide network of vendors, partners, and long-term shareholders who have all been a part of delivering this incredible achievement for the Company."
About Northstar
Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/.
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the receipt of over $700,000 from ERA; (ii) moving the Calgary facility to steady-state operations and product revenue generation; (iii) validation of Northstar as a compelling, waste-to-value company; (iv) potential insight for the optimization of future Northstar facilities; and (v) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
https://www.northstarcleantech.com/releases/northstar-achieves-80-tonnes-per-day-shingle-processing-milestone-at-empower-calgary-facility
Oleblue
7月前
Northstar Announces Limestone as Fourth Product Line, Supported by New Patent on Recovery Process
CALGARY, AB, Sept. 24, 2025 - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce it successfully separated and recovered limestone from asphalt shingles, adding a fourth product line for the Company. Northstar has also been issued a new patent (the "Patent") by the United States Patent and Trademark Office ("USPTO") for this limestone recovery portion of the Company's proprietary asphalt shingle reprocessing technology. The Patent is expected to remain in force until 2045.
Limestone is added to improve durability and longevity of shingles. The limestone, which is removed in Northstar's proprietary process to deliver its superior quality asphalt, now establishes a fourth product line for the Company, adding to the existing product lines of liquid or pelletized asphalt, aggregate and fibre/fibreglass.
"By extracting limestone directly from asphalt shingles, we've been able to establish both a fourth product line for the Company and most importantly, to deliver a final asphalt product with high-quality characteristics," commented Aidan Mills, Northstar President & CEO. "Additionally, this patent adds further protection to Northstar's intellectual property portfolio while strengthening our first-mover advantage. We believe the high quality of our asphalt will continue to provide significant differentiation for Northstar in the global marketplace."
Northstar received its initial U.S. patent in November, 2022 and has successfully obtained patents in the United States and Canada. The Company continues to pursue further patent protection for its proprietary asphalt shingle reprocessing technology in the United States, Canada and other international jurisdictions.
About Northstar
Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/.
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) Northstar's plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary, (ii) the potential and implications of a fourth product line; (iii) Northstar's product line having high-quality characteristics; (iv) Northstar's view that is has a first mover advantage; (v) Northstar's view that its product will provide a differentiation advantage in the global marketplace; (vi) Northstar's plans to file patents in North America and internationally; and (vii) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
https://www.northstarcleantech.com/releases/northstar-announces-limestone-as-fourth-product-line-supported-by-new-patent-on-recovery-process
Oleblue
7月前
Northstar Enables Global Market Access for Reprocessed Liquid Asphalt Through Successful Pelletization of End-of-Life, Tear-off Shingles
CALGARY, AB , Sept. 10, 2025 - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (" Northstar " or the " Company ") is pleased to announce that its asphalt shingle reprocessing facility in Calgary, Alberta (the " Empower Calgary Facility " or the " Facility ") successfully produced its first liquid asphalt from end-of-life, tear-off shingles and subsequently converted the recovered liquid asphalt into solid pellets. The Facility has now produced high-quality solid asphalt pellets, providing the potential for significant market access through optimized logistic options.
Tear-off asphalt shingles are the discarded shingles collected when existing roofs are removed or replaced. These end-of-life shingles are typically directed to landfills for final disposal.
This follows the Company's previously announced milestone of producing liquid asphalt from manufacturing waste shingles on July 10, 2025 . Manufactured waste shingles comprise those that for various design specifications or quality are not sold for commercial use and similar to tear-off shingles, are typically discarded into landfills.
With both manufacturing waste and tear-off shingles now successfully processed, Northstar has confirmed that its proprietary technology can recover high quality liquid asphalt from both types of feedstock.
"Tear-off shingles represent the largest portion of the shingle waste stream, and successfully producing liquid asphalt from this material is an important step for not only the Calgary facility but more importantly, validates the robustness of the technical process," said Aidan Mills , Northstar's President & CEO. "This confirms the ability to produce high-specification asphalt from both manufacturing waste and tear-off shingles, and critically, confirms the process successfully pelletizes the liquid asphalt from tear-offs. Northstar's pelletized product creates substantial market access opportunities through the transport of a solid form product, effectively establishing it as a global commodity."
Figure 1: Pelletized liquid asphalt (CNW Group/Northstar Clean Technologies Inc.)
"In addition, we received the results from independent third-party labs confirming high quality specifications for the asphalt produced from both manufacturing waste and tear-off shingles. These results, combined with the facility's ability to process both types of feedstock delivers on the primary objective of the business - to reprocess waste shingles into high quality products to provide a compelling value proposition for customers and shareholders alike."
Investor Conference Call Reminder
Northstar will host a virtual investor webcast on Wednesday, September 10, 2025 , at 14:30 MDT / 16:30 EDT to review Q2 2025 financial results and provide an operational update.
Registration: https://us06web.zoom.us/webinar/register/3817558086149/WN_wFcqKF1TQhmGZaNmtKInAg
About Northstar
Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta . As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/ .
For further information about Northstar, please visit www.northstarcleantech.com .
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) potential market access and logistic options; (ii) potential of pelletized liquid asphalt from tear-off shingles becoming a global commodity; (iii) pelletized product creating substantial market access opportunities; (iv) delivering a compelling value proposition for various stakeholders; and (v) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America . Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
https://www.northstarcleantech.com/releases/northstar-enables-global-market-access-for-reprocessed-liquid-asphalt-through-successful-pelletization-of-end-of-life-tear-off-shingles
Oleblue
7月前
Northstar Reports Second Quarter 2025 Financial and Operating Results and Announces Upcoming Investor Conference Call
CALGARY, AB – August 27, 2025 – Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) (“Northstar” or the “Company”) is pleased to announce our financial and operating results for the three and six month periods ended June 30, 2025. Selected financial and operational information is set out below and should be read in conjunction with the Company’s interim consolidated financial statements for the three and six months ended June 30, 2025 and the related management’s discussion and analysis, which are available at www.sedarplus.ca or on the Company’s website at www.northstarcleantech.com.
Q2 2025 Financial and Operational Highlights
The second quarter of 2025 witnessed many developments that advanced Northstar’s business and value proposition forward, namely:
• On April 7, 2025, Northstar announced the receipt of a second Canadian patent for its proprietary asphalt reprocessing technology, further solidifying its first-mover advantage in this segment of the waste-to-value industry. The patent is expected to remain in force until 2042. The second Canadian patent adds to two pre-existing patents filed in the United States and the prior Canadian patent filed in mid-2024. The patent portfolio is expected to continue expanding as operations progress both domestically and abroad;
• On April 21, 2025, and, subsequent to quarter-end, on July 10, 2025, the Company made two significant announcements regarding completion of material commissioning objectives at the Calgary Empower Facility (the “Calgary Facility”). The April 21st press release announced successful completion of the commissioning of the Calgary Facility’s water-based front-end process, delivering specification segregated aggregate. The July 10th press release announced the successful commissioning of the Calgary Facility’s hydrocarbon-based back-end process which delivered high-quality asphalt product. Subsequent extensive lab and customer testing of this asphalt demonstrated that the product specification from the Calgary Facility exceeded both asphalt produced previously at the Delta Pilot and, more importantly, the specification levels required for shingle-oil feedstock. This high-specification product delivery underpins the Northstar business model and the Company is now focused on the next stage of development involving the ramp-up of the Calgary Facility production;
• On May 5, 2025, Northstar announced that it successfully completed Milestone 2 pursuant to a contribution agreement (the “Contribution Agreement”) with Emissions Reduction Alberta (“ERA”), receiving $3.9 million. Milestone 2 required a number of elements associated with completion of construction of the Calgary Facility. Remaining milestones under the Contribution Agreement include completion of commissioning efforts together with sustained operations at the Calgary Facility;
• On May 20, 2025, Northstar announced the final draw under the Business Development Bank of Canada Project Loan Facility (the “BDC Loan”) in the amount of $617,698. The BDC Loan will now fully amortize, with interest and principal payments over the next 13 years; and
• On June 30, 2025, Northstar announced the receipt of a non-binding letter of interest (“LOI”) from Export Development Canada (“EDC”) for EDC to provide potential financial support, subject to the successful completion of its due diligence process, for the Company's first planned shingle reprocessing facility in the United States ("US Facility#1") and subject to a number of conditions and outcomes, potential funding support for an additional three Northstar processing facilities in the United States. The LOI represents project financing where all security, covenants and debt servicing are directly attributable to the US Facility#1 itself. EDC may extend credit up to C$12.5 million per facility.
Investor Conference Call
The Company will host a virtual investor webcast to discuss these financial results and to provide a detailed operational update inclusive of a timeline to bring the inaugural Calgary Facility up to production thresholds for both the ERA Milestone 3 threshold and facility design capacity. The webcast will be held on Wednesday, September 10, 2025, at 14:30 MDT / 16:30 EDT. Details are provided below.
Title: Northstar Clean Technologies Q2 2025 Interim Results and Operational Update
Date: Wednesday, September 10, 2025
Time: 14:30 MDT / 16:30 EDT
Registration: https://us06web.zoom.us/webinar/register/3817558086149/WN_wFcqKF1TQhmGZaNmtKInAg
Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.
About Northstar
Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar’s mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/.
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Northstar Investor Relations Inquiries:
Kin Communications
Phone: 604 684 6730
Email: ROOF@kincommunications.com
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company’s current expectations regarding future events. Forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “aim”, “objective” or similar expressions. Forward-looking statements in this press release include statements concerning: (i) Northstar’s plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; (ii) achieving ERA future milestones under the Contribution Agreement; (iii) attainment of design capacity of the Calgary Facility; (iv) ability to extend patent protection domestically and abroad; (v) the repayment of the BDC Loan; and (vi) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America.. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading “Risk Factors” in the Company’s annual and quarterly management’s discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company’s profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
https://www.northstarcleantech.com/releases/northstar-reports-second-quarter-2025-financial-and-operating-results-and-announces-upcoming-investor-conference-call
Oleblue
7月前
Northstar Announces 2025 Annual and Special General Meeting Results
CALGARY, AB – July 31, 2025 – Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) (“Northstar” or the “Company”) is pleased to announce that all matters put forward to its shareholders at the Company’s annual general and special meeting of shareholders (the “Meeting”) held on Tuesday, July 29, 2025 were duly approved. At the Meeting, the Company’s shareholders approved the matters voted on, including:
the re-election of the eight director candidates proposed by management;
the reappointment of MNP LLP as auditors of the Company; and
the approval of the Company’s 2025 Equity Incentive Plan (the “Plan”). Approval of the Plan remains subject to the final approval of the TSX Venture Exchange.
A total of 16,982,400 voting shares were represented and voted, in person or by proxy, at the Meeting, representing 10.2% of the Company’s issued and outstanding eligible voting shares.
About Northstar
Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy,
Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar’s mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on?https://www.otcmarkets.com/.?
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Northstar Investor Relations Inquiries:
Kin Communications
Phone: 604 684 6730
Email: ROOF@kincommunications.com
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company’s current expectations regarding future events. Forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “aim”, “objective” or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements concerning: (i) Northstar’s plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; and (ii) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading “Risk Factors” in the Company’s annual and quarterly management’s discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company’s profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
https://www.northstarcleantech.com/releases/northstar-announces-2025-annual-and-special-general-meeting-results
Oleblue
7月前
Northstar Announces Closing of $3.6 Million in Funding for Transition to Commercial Operations and Future Facility Business Development
CALGARY, AB – July 28, 2025 – Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) (“Northstar” or the “Company”) is pleased to announce the closing of a non-brokered private placement of 11,926,664 units of the Company (each, a “Unit”) at a purchase price of $0.30 per Unit for aggregate gross proceeds of approximately $3.6 million (the “Financing”) to transition the Company to commercial operations and fund ongoing business development efforts for Hamilton and the first US site. The Financing’s key terms include:
Each Unit consists of one common share of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”) with each such Warrant entitling the holder thereof to acquire one additional Common Share (each, a “Warrant Share”) at an exercise price of $0.45 per Warrant Share for a period of 36 months following closing of the Financing;
Use of proceeds: Support the forecasted production ramp of the Calgary facility to achieve the near-term objective of Emission Reduction Alberta’s Milestone 3 production threshold of greater than 80 tonnes per day, business development costs for Hamilton and the first US site, and general corporate purposes;
Insider and other key management represented approximately 10% of the Financing, evidencing financial support by leadership personnel. In addition, nearly 50% of the Financing was subscribed by existing shareholders, excluding Insiders, further evidencing support of the Company’s robust business model;
Several subscriptions, excluding those allocated to various Insiders (as such term defined by the policies of the TSX Venture Exchange (“TSXV”), were sourced through certain finder’s fee arrangements. Pursuant to these arrangements, the Company paid finder’s fees in the aggregate amount of $179,337 and issued 597,787 non-transferable broker warrants (each, a “Broker Warrant”) to Leede Financial Inc, with a minor amount of that aggregate to Research Capital Corporation, with each Broker Warrant exercisable for a period of 36 months following the closing date of the Financing and entitling the holder thereof to acquire one Common Share at an exercise price of $0.30 per Common Share; and
Assuming full exercise of the Warrants and Broker Warrants, an additional $5.5 million would be deposited into the Company’s treasury.
“We are delighted by the continued support of Northstar’s vision by both our existing long-term and now new strategic shareholders of the Company,” commented Aidan Mills, President & CEO. “This infusion of capital will support both the transition to commercial operations for the Calgary facility and the continued business development of our expansion targets. With our technology proven, we are fast approaching the inflection point characterized by commercial production in Calgary and expansion plan certainty for Hamilton and US#1.”
A total of 24,451,115 securities were issued pursuant to the Financing, including 11,926,664 Common Shares, an equivalent number of Warrants and 597,787 Broker Warrants. Following completion of the Financing, 149,403,649 Common Shares are issued and outstanding. All securities issued in connection with the Financing are subject to a four month and a day statutory hold period expiring November 26, 2025, in accordance with applicable securities legislation. While the Company has received conditional approval of the Financing from the TSXV, closing remains subject to final acceptance by the TSXV.
The participation of the Insiders in the Offering is considered a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance to the Insiders of the Units is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(a) and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101, as the fair market value of the consideration of the securities issued to the related parties did not exceed 25% of the Company’s market capitalization.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”) and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S. persons” (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act any application state securities laws.
About Northstar
Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar’s mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on?https://www.otcmarkets.com/.?
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Northstar Investor Relations Inquiries:
Kin Communications
Phone: 604 684 6730
Email: ROOF@kincommunications.com
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which forward-looking information reflects the Company’s current expectations regarding future events. Forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “aim”, “objective”, seeks or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements concerning: (i) Northstar’s plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; (ii) future proceeds upon Warrant exercise; (iii) the anticipated use of proceeds of the Financing; (iv) proceeds from the Financing being sufficient to meet Emission Reduction Alberta Milestone 3 production threshold; (v) the receipt of final acceptance from the TSXV for the Financing; (vi) Northstar’s ability and plans related to future capital raising and expansion activities; and (vii) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading “Risk Factors” in the Company’s annual and quarterly management’s discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company’s profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
https://www.northstarcleantech.com/releases/northstar-announces-closing-of-3-6-million-in-funding-for-transition-to-commercial-operations-and-future-facility-business-development
Oleblue
7月前
CALGARY AB, July 10, 2025
Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is extremely pleased to announce that its inaugural asphalt shingle reprocessing facility in Calgary, Alberta (the "Empower Calgary Facility" or the "Facility") has produced its first liquid asphalt.
All the major processing units at the Facility have now been commissioned, demonstrating an important derisking of the Company's technology and intellectual property. Details of this achievement are included in the release of the Company's sixth episode in its construction and commissioning update video series.
Liquid asphalt released from bottom of evaporator (last stage of process) (CNW Group/Northstar Clean Technologies Inc.)
The sixth episode marks the culmination of commissioning efforts for the Facility to process material from the beginning to the end of the plant and successfully produce liquid asphalt. As has been communicated in prior releases, the 'front-end' of the plant was fully commissioned early in the second quarter of 2025 and with today's announcement, the Company has fully commissioned the hydrocarbon processing 'back-end' of the Facility. Further ramp-up of commissioning volumes will ensue in the short-term with the target to achieve the Emission Reduction Alberta ("ERA") Commissioning Milestone 3 volume of 80 tonnes/day.
Samples taken from the last stage of the process were delivered to an independent laboratory testing facility to measure qualities within the liquid asphalt. Results from those preliminary tests indicate asphalt quality that is significantly better than the Delta pilot plant product and will satisfy requirements contained in a number of the Company's commercial agreements.
"This video update is the most important one in the Company's history," stated Aidan Mills, President & CEO. "The asphalt produced in Calgary is the highest quality we have ever produced demonstrating that our technology works which is an important step in de-risking the business. From here, we will increase production levels to not only meet the ERA Milestone 3 threshold but move beyond that to name plate capacity for the Facility. It is with great pride that we make this announcement and I wish to thank everyone involved to this point in delivering such an outstanding outcome both for Northstar and its shareholders."
The sixth episode is available on the Company's YouTube channel at the link below:
Incentive Compensation Grant
In accordance with the Company's annual incentive compensation program, the Company intends to grant a total of 2,422,766 stock options to directors, officers, employees and select consultants at an exercise price of $0.335 with a term of five years from the date hereof. Additionally, 538,702 restricted share units and 1,197,391 performance share units were granted to certain of the directors, officers and employees of the Company. All incentive compensation granted is in accordance with the Company's approved equity incentive plan and the grants are subject to TSX Venture Exchange approval.
About Northstar
Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications.
Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/.
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
This press release may contain forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the delivery of the Empower Calgary Facility; (ii) future ramp up of production volumes and ability to achieve ERA commissioning target of 80 tonnes/day and ultimately move to plant name-plate capacity; (iii) preliminary quality specifications from both internal and independent testing; (iv) administration of its annual incentive compensation program; and (v) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
https://www.northstarcleantech.com/releases/northstar-calgary-facility-produces-first-liquid-asphalt---releases-construction-commissioning-video-6