NORTHSTAR CLEAN TECHN INC - ROOOF STOCK NEWS

Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) announced the completion of a non-brokered private placement with Renewable U Energy Inc., issuing 1.25 million common shares priced at $0.40 each, totaling gross proceeds of $500,000. The shares are subject to a twelve-month hold period and the transaction awaits final acceptance from the TSX Venture Exchange. Funds will be utilized for general corporate purposes. This strategic investment aligns with Northstar's phase 1 expansion program for asphalt shingle reprocessing facilities aimed at sustainable recovery.

Northstar Clean Technologies Inc. has received a brokering license from Metro Vancouver, allowing its subsidiary, Empower Environmental Solutions Ltd., to collect and handle asphalt shingles at the Empower Pilot Facility in Delta, British Columbia. This license will enable Northstar to charge tipping fees for discarded shingles, generating revenue while contributing to the region's waste management goals. With an estimated annual supply of 70,000 tonnes of asphalt shingles in Vancouver, the company aims to leverage this opportunity to position itself as a national solution for asphalt shingle waste.

Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) has announced its Annual General and Special Meeting scheduled for July 28, 2022, at 11:00 am PST. Shareholders are encouraged to vote by July 26. The management information circular includes proposals for the re-election of six directors, reappointment of auditors, and the approval of the 2022 Equity Incentive Plan, featuring a 10% rolling stock option plan and a fixed plan for 6.5 million shares for RSUs, PSUs, and DSUs. The company also announced the issuance of RSUs and PSUs to key employees, showcasing its commitment to long-term incentives.

Northstar Clean Technologies Inc. (TSXV: ROOF; OTCQB: ROOOF) reported its Q1 2022 financial results with $3.9 million in cash and a working capital surplus of $3.7 million. The company completed its Calgary FEED study, estimating a capital cost of $11.75 million for its facility, with projected annual revenues of $7.6 million and EBITDA of $4.0 million per facility. The firm is on track to scale up operations and has demonstrated the functionality of its technology, paving the way for sustainable asphalt recovery.

Northstar Clean Technologies Inc. announced favorable results from an independent life cycle assessment (LCA) of its Calgary asphalt shingle reprocessing facility. The LCA confirms that the facility will produce 60% lower carbon dioxide equivalent (CO₂e) emissions compared to traditional methods, with a potential annual reduction of 3,500 to 4,700 tonnes of CO₂e. The facility aims to be a sustainable solution for asphalt shingle waste, contributing to the circular economy in North America.

Northstar Clean Technologies (OTCQB: ROOOF) announced its audited financial statements for the year ending December 31, 2021. The company reported a cash balance of $6.0 million and an increase in total assets by $7.5 million. Notably, Northstar switched from a working capital deficit of $0.06 million in 2020 to a surplus of $5.5 million. The completion of their Empower Pilot Facility has led to steady-state production, with a projected $7.6 million in annual revenue from the planned Calgary facility. A virtual investor webcast is scheduled for April 28, 2022.

Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) will present on "Repurposing Asphalt Roofing Materials" at the 2022 Asphalt Roofing Manufacturers Association Spring Meeting on April 26, 2022, at 8:30 am Central Time. The event takes place in Kansas City, Missouri, from April 25-28, 2022, also offering virtual participation. Key speakers include Aidan Mills, Gord Johnson, and Kellie Johnston. Northstar aims to combat landfill waste through the sustainable recovery of asphalt shingles, extracting reusable materials for the circular economy.

Northstar Clean Technologies Inc. has announced favorable economic prospects for its Calgary Empower Facility, projecting $7.6 million in potential annual revenue and $4.0 million in EBITDA per facility. The facility aims to process 34,200 tonnes of asphalt shingles annually, achieving a 65% gross margin. Key operational metrics include processing 15 tonnes per hour and 150 tonnes daily. The analysis suggests significant upside opportunities and highlights the facility's impact on landfill diversion, emphasizing the company's commitment to sustainability.

Northstar Clean Technologies has secured a non-dilutive grant of $200,000 from Alberta Innovates to support engineering costs for its Calgary asphalt shingle reprocessing facility. The total projected cost is $675,000. This grant marks the first funding in a series of applications aimed at expanding capacity. Northstar is positioned to repurpose significant waste from landfills into valuable products, aligning with governmental zero-waste initiatives. The company is also moving forward with its Empower Pilot Facility, producing sustainable asphalt through proprietary technology.