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Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) announced it has been issued a second patent by the USPTO for its proprietary technology to reprocess asphalt shingles. This is part of a series of follow-on patents, with the third and fourth patents pending. The patent is valid until 2044. The company is also progressing similar applications in Canada and internationally. Additionally, Northstar's board amended the exercise price of 6,205,854 stock options from $0.35 to $0.21 per share, with most of these options held by insiders, subject to TSXV and shareholder approval.
Northstar Clean Technologies Inc. (TSXV: ROOF) has received its first long-lead equipment item for its asphalt shingle reprocessing facility in Calgary, Alberta. The advanced shingle grinding machine from Rotochopper Inc. will help maximize the recovery of valuable materials from feedstock. This proactive approach to strategic planning aims to mitigate potential delays due to long-lead equipment items.
Northstar Clean Technologies Inc. (TSXV: ROOF) reported its 2023 financial results, highlighting multiple achievements including starting detailed engineering design for the Empower Calgary Facility, securing private placement for $3.5 million, closing the first tranche for $2.26 million, and receiving various grants and investments. The company signed key supply agreements, completed detailed engineering design, and identified strategic partnerships, positioning itself for significant growth.