Welcome to our dedicated page for Northstar Clean news (Ticker: ROOOF), a resource for investors and traders seeking the latest updates and insights on Northstar Clean stock.
Northstar Clean Technologies Inc. (ROOOF) is a leader in sustainable asphalt shingle reprocessing, transforming construction waste into reusable industrial materials. This page serves as the definitive source for official company updates and press releases, providing stakeholders with critical insights into operational developments and market positioning.
Investors and industry observers will find timely information on technology innovations, strategic partnerships, and sustainability milestones. The curated news collection enables tracking of patent advancements, feedstock supply agreements, and progress toward circular economy objectives.
All content undergoes rigorous verification to ensure accuracy and relevance. Users can expect updates covering facility expansions, material recovery rates, and industry certifications, presented in clear, accessible language. The archive supports informed decision-making by highlighting ROOOF's role in reducing construction sector waste.
Bookmark this page for direct access to primary source materials from Northstar Clean Technologies. Regular visits provide a comprehensive view of the company's evolving position within the clean technology and industrial recycling sectors.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has achieved a significant milestone with its Empower Calgary Facility producing its first liquid asphalt. The facility has successfully completed the commissioning of all major processing units, marking a crucial derisking of the company's technology and intellectual property.
Initial laboratory tests indicate that the asphalt quality significantly surpasses that of the Delta pilot plant product and meets commercial agreement requirements. The company aims to ramp up production to achieve the Emission Reduction Alberta (ERA) Commissioning Milestone 3 volume of 80 tonnes/day.
Additionally, Northstar announced incentive compensation grants, including 2,422,766 stock options at $0.335 exercise price, 538,702 restricted share units, and 1,197,391 performance share units to directors, officers, employees, and select consultants.
Northstar Clean Technologies (OTCQB: ROOOF) has received a non-binding Letter of Interest (LOI) from Export Development Canada (EDC) for potential financial support of up to C$12.5 million for its first planned U.S. shingle reprocessing facility, with the possibility of funding for three additional facilities.
The LOI outlines project financing terms where EDC would maintain a first-ranking secured position on the underlying assets, with potential co-lending opportunities. The funding is subject to several conditions, including successful due diligence, commercialization of the Empower Calgary Facility, completion support for US Facility#1, and equity contributions from one or more parties.
The company's U.S. expansion aligns with its existing liquid asphalt off-take arrangements with TAMKO Building Products LLC for the first four facilities in the United States. The project financing structure is similar to Northstar's existing non-revolving secured debt facility with the Business Development Bank of Canada for its Empower Calgary Facility.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has completed the final draw of $617,698 from its $8.75 million BDC Project Loan Facility with the Business Development Bank. This final amount includes a $250,000 hold-back. The loan will now begin amortizing over a 13-year period with monthly payments.
The funds will support commissioning efforts at the Empower Environmental Solutions Calgary facility. The company has successfully completed commissioning of the first half of the facility and is now focusing on the back half. Northstar maintains its timeline for full facility operations by mid-2025.
Northstar Clean Technologies (TSXV: ROOF) has successfully completed Milestone 2 requirements for its Empower Calgary Facility, receiving a $3.9 million payment from Emission Reduction Alberta (ERA). This milestone included completing major procurement activities, equipment delivery, installation, and electrification, along with implementing greenhouse gas monitoring plans. The payment brings total ERA funding to $5.2 million, with $1.9 million remaining pending commissioning and operational milestones.
The Empower Calgary Facility, focused on waste asphalt shingle reprocessing, is now fully funded with commissioning efforts underway. The project aims to create a new industry in the circular economy by diverting waste from landfills and providing sustainable processing solutions for the construction industry.
Northstar Clean Technologies (TSXV: ROOF) has announced its financial results for 2024, highlighting significant developments in its asphalt reprocessing operations. The company achieved substantial completion of its Empower Calgary Facility, scheduled to begin operations by mid-2025. Key accomplishments include securing multiple funding arrangements totaling over $30 million, including a $14 million Royalty Financing with CVW Cleantech and an $8.75 million loan from BDC.
The company secured strategic supply agreements, including a five-year deal with IKO Industries and a three-year agreement with Ecco Recycling. For expansion, Northstar signed a 15-year lease agreement in Hamilton, Ontario, and plans to enter the Mid-Atlantic U.S. market.
Financial results show a comprehensive loss of $9.33 million for 2024, compared to $6.67 million in 2023. Capital expenditures increased significantly to $19.26 million from $2.31 million in 2023, with working capital surplus at $4.84 million.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has released the fifth episode of its construction and commissioning video series for the Empower Calgary Facility in Alberta. The update, presented by CEO Aidan Mills, announces the successful completion of the facility's first-stage processing commissioning, which separates ground-up shingles into two streams: aggregate and asphalt-covered fiber.
The front-end commissioning milestone has resulted in the facility's first marketable product stream - fully separated aggregate. The company reports positive progress in their commissioning program, maintaining their target for full facility production by mid-2025.
Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF) has announced it will release its annual audited financial statements and MD&A for the year ended December 31, 2024, on April 23, 2025, before market open. The documents will be available on SEDAR+ and the company's website.
The company will host a virtual investor webcast on April 23, 2025, at 15:00 MDT / 17:00 EDT to discuss the financial results and provide a business update. An archived version of the webcast will be available approximately two hours after the Q&A session.
Additionally, President & CEO Aidan Mills will attend and present at the Planet MicroCap Showcase in Las Vegas at the Paris Hotel & Casino from April 22-24, 2025. The company will be at booth #616, with Mills presenting on April 23 at 13:30 MDT in Track 4: Loire Room.
Northstar Clean Technologies (TSXV: ROOF, OTCQB: ROOOF) has secured a second Canadian patent for its proprietary asphalt shingle reprocessing technology. The new patent, issued by the Canadian Intellectual Patent Office (CIPO), specifically covers Stage 3 of the reprocessing technology - the asphalt recovery stage - and will remain valid until 2042.
This patent follows the company's initial Canadian patent from July 2024 and two U.S. patents received in November 2022 and May 2024. The company is preparing to begin commercial production at its Calgary facility in mid-2025 and continues to pursue patent protection across North America and other international jurisdictions.
FAQ
What is the current stock price of Northstar Clean (ROOOF)?
What is the market cap of Northstar Clean (ROOOF)?
