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Northstar Clean Technologies Inc. (TSXV: ROOF) is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. The company has developed a proprietary design process to extract liquid asphalt from discarded shingles for use in various applications. With a mission to lead the recovery and reprocessing of asphalt shingles in North America, Northstar is committed to the circular economy by reprocessing asphalt shingle waste back into its primary components for reuse.
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Northstar Clean Technologies Inc. announces the expected timing of reporting its 2023 annual financial results and details of a virtual investor webcast. The company will release its audited financial statements and MD&A for the year ended December 31, 2023, on April 26, 2024, and host a virtual investor webcast on April 30, 2024, to discuss the financial results and provide a business update.
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Northstar Clean Technologies Inc. received a $100,000 grant from Alberta Innovates for the detailed engineering design of its Calgary Empower Facility. This grant is the second installment of a $200,000 non-repayable grant approved in March 2022 under Alberta Innovates' Bioenergy Program. The Company successfully completed the detailed engineering design, meeting the milestones set under the Milestone Reporting and Payment Schedule.
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Northstar Clean Technologies Inc. receives its first delivery of waste shingles from Ecco Recycling for its Empower Calgary Facility. The company has a three-year supply agreement with Ecco Recycling and has multiple supply agreements in place for 2024, showing progress towards its shingle collection plan. The President & CEO, Aidan Mills, emphasizes the importance of sustainability and community support in this partnership.
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Northstar Clean Technologies Inc. and Ecco Recycling announce a three-year asphalt shingle supply agreement for Northstar's Empower Calgary Facility. Ecco Recycling will supply asphalt shingles to Northstar's facility, with potential for increased processing throughput. The agreement includes specific terms for shingle volume, tipping fees, and renewal options. A landfill supply study will also be conducted to explore additional supply possibilities. Both companies express excitement and commitment to environmental sustainability.
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Northstar Clean Technologies Inc. receives C$1.34 million in grant funding from ERA after the approval of the first milestone for the Empower Calgary Facility. The total grant amount is up to C$7.088 million.
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Northstar Clean Technologies Inc. (ROOF) collaborates with TAMKO Building Products to supply asphalt shingles, marking a significant step towards U.S. market expansion. The companies aim to find an ideal location in the Mid Atlantic Region for Northstar's first U.S. facility.
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Northstar Clean Technologies Inc. receives Government of Alberta's TIER Fund approval for its asphalt shingle reprocessing facility in Calgary, Alberta, marking a significant milestone in the project.
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Northstar Clean Technologies Inc. (TSXV: ROOF) has received the first delivery of manufacturing waste shingles to its planned asphalt shingle reprocessing facility in Calgary, Alberta, as part of a five-year supply agreement with IKO Industries Ltd. This marks the company's first revenue from the Empower Calgary Facility, with expectations of continued deliveries from IKO and other shingle supply partners.
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Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) and IKO Industries Ltd. have signed a five-year manufacturing waste asphalt shingle supply agreement. IKO will supply all their manufacturing waste asphalt shingles produced at their Calgary facility to Northstar, diverting shingles that would otherwise be destined for landfills. The shingles will be reprocessed at Northstar's Empower Calgary Facility for an initial term of five years with mutual extension options.
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Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) announced securing $8.75 million in senior secured project debt, a $10 million strategic investment from TAMKO, and a $7.088 million government grant for the Empower Calgary Facility. The company also hosted a successful site opening event and announced orders for major equipment items. Additionally, they disclosed a private placement of up to $3.5 million. The third quarter of 2023 marked a significant milestone for Northstar, with over $16 million in non-dilutive funding secured for the Empower Calgary Facility.
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FAQ
What is the current stock price of NORTHSTAR CLEAN TECHN (ROOOF)?
The current stock price of NORTHSTAR CLEAN TECHN (ROOOF) is $0.1509 as of October 15, 2024.
What is the market cap of NORTHSTAR CLEAN TECHN (ROOOF)?
The market cap of NORTHSTAR CLEAN TECHN (ROOOF) is approximately 22.7M.
What is Northstar Clean Technologies Inc.?
Northstar Clean Technologies Inc. is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles.
What is the core business of Northstar?
The core business of Northstar is to extract liquid asphalt from discarded shingles for use in various applications.
What is Northstar's mission?
Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America.
What is Northstar's commitment to sustainability?
Northstar is committed to the circular economy by reprocessing asphalt shingle waste back into its primary components for reuse.
What are the primary components extracted by Northstar?
Northstar extracts liquid asphalt for use in new hot mix asphalt, shingle manufacturing, asphalt flat roof systems, and aggregate and fiber for construction products and industrial applications.
Where is Northstar's first commercial scale-up facility located?
Northstar's first commercial scale-up facility is located in Calgary, Alberta.
How can Northstar contribute to environmental conservation?
By reprocessing asphalt shingle waste, Northstar helps reduce landfill waste and promotes sustainable practices.
What recent achievements has Northstar announced?
Northstar has secured strategic partnerships, funding, and engineering design work to advance its operations.
What future plans does Northstar have?
Northstar plans to expand its operations to the United States and focus on the northeast market for asphalt shingle recovery and reprocessing.
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