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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. (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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Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) will release its unaudited quarterly financial statements and MD&A for the three months ended September 30, 2023, on November 29, 2023, after market close. The company will also host a virtual investor webcast on the same day to discuss the financial results and provide a business update.
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Northstar Clean Technologies Inc. has placed orders for three major pieces of equipment for its asphalt shingle reprocessing facility in Calgary. The total value of the orders is approximately C$3.3 million. The ordered items are expected to help maintain project timelines.
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Northstar Clean Technologies has started detailed engineering design for its asphalt shingle reprocessing facility in Calgary, Alberta. The company has completed all prerequisite milestones and expects to begin procurement of long-lead equipment soon. The design process includes reviews by industry experts to ensure compliance and best practices. The facility will focus on the recovery and reprocessing of asphalt shingles, extracting components for reuse in various applications.
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Northstar Clean Technologies Inc. held a site opening event for its first commercial facility for reprocessing asphalt roofing shingles in Greater Calgary, Alberta. The CEO of Emissions Reduction Alberta praised Northstar's technology solution for providing clean, sustainable processing solutions to the construction industry. The President & CEO of Calgary Economic Development Corp. highlighted Northstar's choice to locate in the Calgary region as a positive for the business environment. Northstar aims to be the leading provider of reprocessing asphalt shingles in North America and contribute significantly to Alberta's circular economy.
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Northstar Clean Technologies Inc. announces participation in upcoming September conferences.
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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 $0.24155 as of December 20, 2024.
What is the market cap of NORTHSTAR CLEAN TECHN (ROOOF)?
The market cap of NORTHSTAR CLEAN TECHN (ROOOF) is approximately 30.4M.
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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