ADURO CLEAN TECHNOLOGIES - ACTHF STOCK NEWS

Aduro Clean Technologies (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D5) announced its participation in the International Refining & Petroleum Conference (IRPC) 2024 in Houston, Texas. Eric Appelman, Chief Revenue Officer, will present on the company's Hydrochemolytic™ Technology (HCT) in the Circular Economy / Chemical Recycling session.

The presentation will compare HCT with pyrolysis technologies, highlighting HCT's advantages in addressing key challenges. Appelman will also discuss a recent patent filing for a new process to produce BTX (benzene, toluene, and xylene) platform chemicals from waste plastics and renewable oils.

Aduro's participation underscores its commitment to driving the petrochemical sector towards a circular economy. The conference, scheduled for October 3-4, 2024, provides a platform for Aduro to showcase its innovative technology and engage with industry leaders.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHD) reported its 2024 financial results and provided an end-of-year update. Key highlights include:

- Revenue increased 208% year-over-year to $337,516 for fiscal year 2024
- Q4 2024 revenue rose 99% to $102,250 compared to Q4 2023
- Loss from operations was $7,436,861 for fiscal year 2024
- Strong cash position of $2,814,576 as of May 31, 2024
- Received additional $5.5 million from private placement and warrant exercises

The company made significant progress in its Hydrochemolytic™ Technology (HCT), filing a new patent application, entering a new collaboration phase with TotalEnergies, and reporting high conversion yields for plastic recycling. Aduro also expanded its global presence by establishing a subsidiary in the Netherlands and appointing a Chief Revenue Officer to drive commercialization efforts.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHD) has filed a new patent application for an innovative method to produce alkyl aromatic compounds, including benzene, toluene, xylenes (BTX), and ethylbenzene, from waste plastics and renewable oils. This technology builds on Aduro's existing thermocatalytic deoxygenation (TCD) and Hydrochemolytic™ Technology (HCT) platforms, offering a more efficient and cost-effective alternative to traditional BTX production from refined petroleum.

The global BTX market is projected to reach US$274.78 billion by 2027, highlighting the potential impact of Aduro's sustainable solution. This innovation aims to reduce petroleum dependence and promote circularity in the chemical industry, addressing the growing demand for low-carbon chemical production.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50) has announced a 3.25-to-1 share consolidation effective August 20, 2024. The company's issued and outstanding shares will decrease from 88,316,467 to approximately 27,174,297. The stock symbol remains 'ACT' with a new CUSIP number 007408206.

Additionally, Aduro has converted its Class B Special Warrants, resulting in the issuance of 4,102,563 post-consolidation shares. This conversion follows the achievement of the Second Milestone in the Securities Exchange Agreement with Aduro Energy Inc.

Aduro Clean Technologies specializes in water-based technologies for recycling waste plastics, converting heavy crude and bitumen, and transforming renewable oils into higher-value fuels or chemicals. Their Hydrochemolytic™ technology operates at relatively low temperatures and costs, aiming to convert low-value feedstocks into valuable resources.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian company specializing in chemical recycling and transformation of low-value feedstocks, has granted 2,685,000 stock options to certain directors, officers, employees, and a consultant. These options are exercisable for 5 years at $2.00 per share, vesting monthly over two years. The options and underlying shares are subject to a four-month hold period. Aduro's Hydrochemolytic™ technology uses water-based processes to recycle waste plastics, convert heavy crude into lighter oil, and transform renewable oils into higher-value fuels or chemicals, operating at relatively low temperatures and costs.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) has entered a new phase of collaboration with TotalEnergies following positive preliminary technical evaluations. The R&D collaboration will focus on processing diverse waste plastic materials, particularly those with higher concentrations of polyolefins, polyurethane, metals, and other challenging contaminants. TotalEnergies will provide financial and in-kind support, including access to technical resources.

This collaboration aligns with Aduro's Customer Engagement Program (CEP), which allows organizations to gain knowledge of Hydrochemolytic™ technology through a stage-gated approach. The goal is to move towards commercialization, where the customer commits to a commercial project. This partnership represents a significant milestone in developing a practical and scalable commercial process for converting plastic waste into valuable feedstocks, aligning with TotalEnergies' goal of producing 30% circular polymers by 2030.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) has filed a registration statement with the SEC for a proposed initial public offering of its common shares in the United States. The company has also applied to list its shares on the NYSE American exchange. The offering size and price are yet to be determined. EF Hutton is acting as the sole book-running manager.

In preparation for the NYSE listing, Aduro plans to consolidate its issued and outstanding common shares at a ratio to be determined. The offering is subject to SEC review, market conditions, and other factors. Aduro develops water-based technologies to recycle waste plastics, convert heavy crude into lighter oil, and transform renewable oils into higher-value fuels or chemicals.

Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) has provided an update on its Next Generation Process (NGP) for waste plastics. The company is conducting semi-industrial scale experiments to finalize reactor configurations, aiming to begin NGP construction by the end of 2024. Aduro has outlined three strategic initiatives for 2024: advancing NGP design, converting Customer Engagement Program participants into collaborations, and expanding its intellectual property portfolio.

Significant progress has been made in confirming HCT's ability to produce saturated hydrocarbons without costly hydrogenation, maximizing yield, processing difficult-to-recycle polymers, and operating continuously for extended periods. The company is pursuing a three-pronged process design strategy to generate commercial solutions progressively and maximize speed to market.

Aduro Clean Technologies, a Canadian firm specializing in transforming waste plastics and low-value feedstocks into valuable resources, has engaged KCSA Strategic Communications to enhance its investor relations and digital marketing efforts. This agreement, starting on July 15, 2024, involves a monthly fee of US$10,000, a one-time project fee of US$12,500, and digital marketing costs of US$106,400. KCSA, a New York-based firm with a proven track record since 1969, will leverage its AmplifIR digital IR platform to boost Aduro's brand visibility and communication within the investment community. The engagement aims to increase awareness and dissemination of Aduro's developments.