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Aduro Clean Technologies Inc. (OTCQX: ACTHF) is a leading Canadian technology company specializing in the chemical transformation of low-value feedstocks such as waste plastics, heavy bitumen, and renewable oils into valuable resources for the 21st century. Operating on the frontier of sustainable innovation, Aduro leverages its patented Hydrochemolytic™ Technology (HCT) to address some of the most pressing environmental challenges today. This innovative technology harnesses the power of water to deconstruct complex molecules at relatively low temperatures, offering a cost-effective and environmentally friendly solution for chemical recycling.
In recent developments, Aduro has been featured in the prestigious Viewpoint with Dennis Quaid documentary series, which showcases groundbreaking technologies. The company's segment, airing in February 2024, underscores its commitment to scalable, sustainable solutions for chemical recycling, particularly in addressing waste plastic pollution.
Significant progress was also made with the Continuous Flow Plastic Reactor, where over 240 test runs validated the efficacy of HCT in converting up to 95% of polyolefin feedstocks into new plastics and chemicals. This development aligns with Aduro's Customer Engagement Program (CEP), designed to ensure the technology meets market needs and integrates specialized expertise.
Aduro continues to expand its market presence through strategic partnerships. Notable collaborations include a technical evaluation project with a leading multinational food packaging company to recycle food packaging plastics, and another with a multinational building materials company to recycle cross-linked polymers, a notoriously difficult material to recycle.
Financially, Aduro reported record revenue growth in Q3 2024, with a robust cash position bolstered by the exercise of warrants and options. The company also announced a non-brokered private placement expected to raise up to $3.525 million, further supporting its innovative research and development initiatives.
Aduro's participation in the Intergovernmental Negotiating Committee on Plastic Pollution (INC-4) highlights its commitment to global sustainability goals. The company advocates for a circular economy and supports international policies promoting advanced recycling technologies, aligning its efforts with broader environmental objectives.
For more information, visit Aduro Clean Technologies Inc.
Aduro Clean Technologies has successfully closed the second tranche of its private placement offering, issuing 1,134,916 units at $0.70 each, raising C$794,441. The total gross proceeds from both tranches reached C$2,352,666, exceeding the target of C$2 million. Each unit consists of one common share and one warrant exercisable at $1.00 for two years. The company will utilize the funds for general working capital purposes. All board members participated in the offering, totaling 199,982 units for C$139,987.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) has announced a partnership with Rally Engineering, a consulting firm specializing in engineering and project management. This collaboration aims to enhance the Hydrochemolytic plastics recycling process by providing comprehensive services, ensuring safety and effective project execution. Rally's expertise will support Aduro as it scales from lab testing to full implementation. This strategic move is part of Aduro's push toward commercializing innovative recycling technologies, bolstered by a strong network of engineering partners.
Aduro Clean Technologies has successfully completed the first tranche of a private placement, issuing 2,226,036 units at $0.70 each, raising gross proceeds of C$1,558,225. The offering allows for additional tranches to reach cumulative gross proceeds of up to $2 million. Each unit comprises one common share and one warrant, exercisable at $1.00 for two years. Of the units issued, 149,983 were sold to directors, totaling $104,988. The funds will support general working capital. The offering is available to existing shareholders under certain exemptions, emphasizing the company's commitment to investor relations.
Aduro Clean Technologies (CSE:ACT, OTCQB:ACTHF) will present at the GCFF Virtual Conference Event 22 - Investing in Innovation on April 21, 2022. The event features CEO Ofer Vicus who will discuss the company's patented water-based technologies for recycling plastics and transforming crude oil. The presentation starts at 11:30 AM Eastern Time. Interested participants can register through the GCFF website. The conference aims to connect North American and Chinese financial markets, fostering new investment opportunities.
Aduro Clean Technologies (CSE: ACT, OTCQB: ACTHF) has signed a Letter of Intent with Switch Energy Corp to develop a pre-commercial pilot plant aimed at recycling waste agricultural polyethylene into valuable products. This project leverages Aduro's patented water-based technologies, which efficiently convert waste plastics and heavy oils. The pilot plant will unfold in three phases, beginning with design and pre-treatment processes. Both companies anticipate enhanced local employment and improved circular economy benefits from this collaboration.
Aduro Clean Technologies announced plans for a non-brokered private placement offering of up to 2,857,142 units at $0.70 per unit, targeting gross proceeds of $2,000,000. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $1.00 for two years. Proceeds will support general working capital. The offering emphasizes the company's path to commercialization, reflecting investor interest in its patented water-based recycling technologies.
Aduro Clean Technologies has appointed Humberto Parra as the new Country Manager for Mexico, aiming to strengthen its local presence. This follows Aduro's participation in the Mexican Petroleum Congress in November 2021, where they engaged stakeholders to explore opportunities in the region. Humberto, with over 20 years of experience, is tasked with market analysis and business development, focusing on partnerships in sustainability and climate action. The company looks to advance its Hydrochemolytic™ technology for recycling plastics and transforming oils into sustainable resources.
Aduro Clean Technologies, a Canadian developer focusing on water-based technologies for plastic recycling and oil transformation, appointed James E. Scott as an independent director on February 22, 2022. Scott brings over 30 years of operational leadership and expertise in capital raises and M&A, which Aduro expects will enhance its commercialization efforts. The company also granted 1,325,000 incentive stock options to directors, officers, and consultants, with a vesting schedule designed to align interests with shareholders. These options are exercisable at $0.72 per share for ten years.
Aduro Clean Technologies Inc. (CSE: ACT, OTCQB: ACTHF) will present its Hydrochemolytic™ Technology at three important conferences in March 2022. The presentations will showcase innovative solutions for recycling plastics and converting heavy crude into valuable resources. Key events include CMT's Sustainable Agricultural Film Outlook on March 3, the Circular Chemistry Conference on March 8, and the AMI Chemical Recycling Conference on March 29-30. These conferences aim to advance discussions on sustainability and recycling processes amid rising concerns about plastic waste.
Aduro Clean Technologies Inc. (CSE:ACT, OTCQB:ACTHF) has engaged Investor Cubed Inc. to provide financial consulting and investor relations services in Canada. The agreement involves a fee of CAD $7,500 per month, along with the granting of 300,000 options vesting quarterly. This partnership aims to facilitate introductions to retail and institutional investors as Aduro prepares for commercial operations. The contract is renewable monthly for up to 12 months, with provisions allowing cancellation after three months.
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