Latest news with #AidanMills
Cision Canada
20-05-2025
- Business
- Cision Canada
Northstar Announces Final Draw of $617,698 from BDC Project Loan Facility
CALGARY, AB, May 20, 2025 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (" Northstar" or the " Company") is pleased to announce it completed all criteria necessary and received all remaining amounts under the $8.75 million non-revolving senior secured project loan facility (the " BDC Facility") with the Business Development Bank. (" BDC"). The remaining portion totaled $617,698 which included a $250,000 hold-back. With the BDC Facility now fully drawn, the loan will begin to amortize over a thirteen year period on a monthly basis. Funds received from BDC will enhance existing cash reserves and are earmarked for commissioning efforts at the Empower Environmental Solutions Calgary facility (" Empower Calgary") which are ongoing. Commissioning efforts for the first half of the Empower Calgary facility have been successfully completed and the Company is now focused on commissioning the back half of the Empower Calgary facility. The Company continues to estimate facility operations mid-year 2025. About Northstar Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on For further information about Northstar, please visit On Behalf of the Board of Directors, Aidan Mills President & CEO, Director Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. This press release may contain forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "aim", "objective" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) Northstar's plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; (ii) operations to commence mid year 2025; and (iii) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. SOURCE Northstar Clean Technologies Inc.
Cision Canada
05-05-2025
- Business
- Cision Canada
Northstar Completes Emission Reduction Alberta Construction Milestone and Receives $3.9 Million
CALGARY, AB, May 5, 2025 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (" Northstar" or the " Company") is pleased to announce that it successfully completed Milestone 2 requirements stipulated in the Emission Reduction Alberta (" ERA") contribution agreement and received the resulting milestone payment totaling $3.9 million. Milestone 2 criteria required Northstar to demonstrate a number of elements with respect to the Empower Environmental Solutions Calgary Facility (the " Empower Calgary Facility") including: Completion of all major procurement activities, other than final performance payments to vendors; All major processing equipment delivered; All major equipment installed and electrified; Implementation of the Green House Gas, Measurement and Monitoring Verification plan during construction for tracking during Milestones 3 and 4; and Substantial completion of construction as defined in the Builder's Lien Act. All of these elements have been reviewed and completed as part of the ERA due diligence process to verify completion of Milestone 2. The resulting $3.9 million funding from ERA brings receipts to date from ERA to $5.2 million. Approximately $1.9 million remains outstanding under the ERA grant, upon attainment of commissioning and operational milestones. The funding under Milestone 2 materially reimburses Northstar for construction expenditures for the Empower Calgary Facility. Taken together with other funding initiatives, the Empower Calgary Facility has been fully funded and leaves suitable working capital for the Company to advance expansion opportunities in Canada and the United States. Commissioning efforts at the Empower Calgary Facility are well underway and proceeding as planned. "Our experience with ERA has been nothing short of a great partnership," commented Aidan Mills, Northstar President & CEO. "We sincerely appreciate the support from ERA as we look to become a leading entity in the waste to value industry. With the ERA support, construction completion represents a significant milestone at our Calgary facility. All our partners can take pride in creating a new industry that enhances the economy, creates employment opportunities, and importantly delivers environmental benefits in a circular economy." "The real demonstration of successful investments comes when the projects we fund are commercialized and deployed in the market," stated Justin Reimer, CEO Emissions Reduction Alberta. "We are excited for Northstar's completion of the major construction elements of their project and the opportunity to reduce environmental impacts through the reprocessing of waste asphalt shingles. They are not only diverting waste from landfills, but also providing the construction industry with clean, sustainable processing solutions." About Northstar Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on For further information about Northstar, please visit On Behalf of the Board of Directors, Aidan Mills President & CEO, Director Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. This press release may contain forward‐looking information within the meaning of applicable securities legislation, which forward‐looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) Northstar's plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; (ii) status of commissioning efforts at the Empower Calgary Facility and ability to receive further amounts under the ERA grant; (iii) sufficient working capital to advance future expansion efforts; (iv) benefits of Northstar's business model to the overall economy and the environment; and (v) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
Yahoo
21-04-2025
- Business
- Yahoo
Northstar Releases Empower Calgary Facility Construction & Commissioning Video Series Episode #5: First Stage Processing Fully Commissioned
CALGARY, AB, April 21, 2025 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to release the fifth episode in its construction and commissioning update video series for its inaugural asphalt shingle reprocessing facility in Calgary, Alberta (the "Empower Calgary Facility" or the "Facility"). In the fifth episode, Mr. Aidan Mills, President & CEO, provides an update on commissioning at the Facility. The first processing stage in the Northstar design takes ground up shingles entering the Facility and proceeds through to aggregate separation. This process separates the shingles into two streams, a stream of aggregate and a stream of asphalt covered fiber. Commissioning of the Facility's front-end is now complete, generating fully separated aggregate, which represents the Facility's first marketable product stream. Results to date provide confidence in the overall commissioning program with the objective of Facility production by mid-2025. The fifth episode is available on the Company's YouTube channel at the link below: About Northstar Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fibre for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale starting with its first commercial facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfills, addressing numerous stakeholder objectives. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on For further information about Northstar, please visit On Behalf of the Board of Directors,Aidan MillsPresident & CEO, Director Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. This press release may contain forward‐looking information within the meaning of applicable securities legislation, which forward‐looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the delivery of the Empower Calgary Facility; (ii) future progress videos in the series; (iii) Northstar's confidence in the balance of commissioning efforts; (iv) Facility production by mid 2025; and (v) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. View original content to download multimedia: SOURCE Northstar Clean Technologies Inc. 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Yahoo
21-04-2025
- Business
- Yahoo
Northstar Releases Empower Calgary Facility Construction & Commissioning Video Series Episode #5: First Stage Processing Fully Commissioned
CALGARY, AB, April 21, 2025 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to release the fifth episode in its construction and commissioning update video series for its inaugural asphalt shingle reprocessing facility in Calgary, Alberta (the "Empower Calgary Facility" or the "Facility"). In the fifth episode, Mr. Aidan Mills, President & CEO, provides an update on commissioning at the Facility. The first processing stage in the Northstar design takes ground up shingles entering the Facility and proceeds through to aggregate separation. This process separates the shingles into two streams, a stream of aggregate and a stream of asphalt covered fiber. Commissioning of the Facility's front-end is now complete, generating fully separated aggregate, which represents the Facility's first marketable product stream. Results to date provide confidence in the overall commissioning program with the objective of Facility production by mid-2025. The fifth episode is available on the Company's YouTube channel at the link below: About Northstar Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fibre for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale starting with its first commercial facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfills, addressing numerous stakeholder objectives. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on For further information about Northstar, please visit On Behalf of the Board of Directors,Aidan MillsPresident & CEO, Director Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. This press release may contain forward‐looking information within the meaning of applicable securities legislation, which forward‐looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the delivery of the Empower Calgary Facility; (ii) future progress videos in the series; (iii) Northstar's confidence in the balance of commissioning efforts; (iv) Facility production by mid 2025; and (v) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. View original content to download multimedia: SOURCE Northstar Clean Technologies Inc. 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Globe and Mail
07-04-2025
- Business
- Globe and Mail
Micro Cap Bolsters Patent Portfolio with Canadian Approval for Key Asphalt Recovery Tech
Obtaining a patent offers significant advantages for companies of all sizes. It not only prevents competitors from copying proprietary technology, products, or processes, but also enables companies to license or sell their patents. Additionally, patents provide valuable leverage in future partnerships, mergers, and legal disputes. Overall, securing a patent is a meaningful milestone in a company's business development. Today, Northstar Clean Technologies Inc. (TSX-Venture: ROOF) (OTCQB: ROOOF) announced that they had been issued a follow-on patent by the Canadian Intellectual Patent Office for the Company's proprietary asphalt shingle reprocessing technology. The Patent relates to Stage 3 of the reprocessing technology, the asphalt recovery stage, and is expected to remain in force until 2042. Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. "As a clear first mover in this emerging industry, securing further patents for Northstar's reprocessing technology is a critical step in securing, reinforcing and sustaining our technological advantage," commented Aidan Mills, Northstar President & CEO. "The latest patent protects a key part of our recovery process at the heart of our business, just as we prepare to commence commercial production in mid-2025 at our Calgary facility, a significant milestone for the Company. With this additional Canadian patent to protect the core technology of the Company, and additional patents progressing in the US and other international jurisdictions, we are well-positioned to sustain our leading position as the industry continues to develop." Northstar received its initial Canadian patent in July 2024 which followed two patents issued in the United States in November 2022 and May 2024. The Company continues to pursue patent protection for its proprietary asphalt shingle reprocessing technology in North America and other international jurisdictions. Despite a lousy day on the broader markets, shares of Canadian listed ROOF were up 1.56% at $0.325 while U.S. listed shares (ROOOF) slid 2.55% at $0.2251 in mid afternoon trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
