ADURO CLEAN TECHNOLOGIES - ACTHF STOCK NEWS

Aduro Clean Technologies announced an increase in its non-brokered private placement, targeting gross proceeds of up to $3,525,000.

The placement involves up to 2,711,538 units priced at $1.30 per unit, each consisting of one common share and one-half of a common share purchase warrant.

Warrants are exercisable at $1.60 per share for two years, with potential accelerated expiry if shares trade at $1.90 or higher for ten consecutive days.

The proceeds will fund research, development of chemical recycling technologies, and general administrative expenses.

The offering is expected to close around June 14, 2024, subject to a minimum gross of $2,000,001 and regulatory approvals.

Aduro Clean Technologies has announced a non-brokered private placement of up to $2.5 million. The offering will include a minimum of 1,538,462 units and a maximum of 1,923,080 units at $1.30 per unit. Each unit comprises one common share and one-half of a common share purchase warrant, exercisable at $1.60 for two years. If the common shares trade at $1.90 or higher for 10 consecutive days, the company can accelerate the warrant expiry to 30 days post-notice. Funds will support R&D and operational costs. The offering is expected to close around June 14, 2024, and is open to Canadian residents under regulatory exemptions.

Aduro Clean Technologies (CSE: ACT, OTCQX: ACTHF) has announced promising results from using its Hydrochemolytic™ Technology to deconstruct crosslinked polymers, such as crosslinked polyethylene (XLPE). The company achieved up to 84% yield of lower-molecular-weight hydrocarbons from XLPE waste, demonstrating the technology's effectiveness in recycling difficult materials. This breakthrough not only supports the building materials sector but also opens doors to markets for recycling crosslinked polymers. Aduro is also exploring applications in tire rubber and elastomeric materials, showcasing the versatility of its technology.

Aduro Clean Technologies, a Canadian technology company, will present its Aduro Hydrochemolytic™ technology at the Chemelot Circular Hub event in the Netherlands. The event showcases sustainable chemistry and aims to become a European leader in circular chemistry by 2030. Aduro's innovative approach to chemical recycling using water-based technologies is a key focus, highlighting its potential contribution to global sustainability goals.

Aduro Clean Technologies Inc. reported its third-quarter 2024 financial results, highlighting a record revenue increase of 78% compared to last year. The company also achieved a 304% year-to-date revenue increase. Despite a loss from operations, Aduro maintained a strong cash position and received additional funding post-quarter end. The company invested in research equipment and completed a new state-of-the-art facility. A strategic board appointment, expansion of customer engagement, conference participation, market engagement, and successful testing of its Hydrochemolytic™ Technology were key corporate highlights during the quarter.

Aduro Clean Technologies Inc. is joining the Intergovernmental Negotiating Committee on Plastic Pollution (INC-4) to discuss a draft treaty aiming to promote a circular economy for plastics. The company's Hydrochemolytic™ technology efficiently breaks down waste plastics into valuable chemicals, aligning with the mission to end plastic pollution and enable the beneficial use of plastics. Aduro advocates for supportive policies like Extended Producer Responsibility and international collaboration to integrate chemical recycling in national frameworks.

Aduro Clean Technologies Inc. announces participation in industry conferences focusing on advanced chemical recycling and renewable materials. Eric Appelman, CRO, to present Hydrochemolytic™ technology at conferences in Spain and Germany.

Aduro Clean Technologies Inc. updates on its research project 'Tuning Supercritical Fluids for Polymer Recycling to Monomers and Chemicals' in partnership with Western University. The project aims to advance polymer recycling using innovative technology, generating valuable knowledge and training researchers. Dr. Charpentier reports on the project's progress in recycling polyolefins like LDPE, HDPE, and PP using Hydrochemolytic™ technology, with a focus on maximizing conversion of mixed plastic waste into valuable chemicals. The project has made significant strides in understanding impurities in polyolefins, sorting and processing techniques, and enhancing recycling efficiency, setting the stage for more sustainable and efficient upcycling of plastics.

Aduro Clean Technologies Inc. partners with a leading multinational building materials company to evaluate Hydrochemolytic™ Technology for recycling cross-linked polymers, potentially revolutionizing waste management and material recovery.