Core Insights - Enact Holdings, Inc. has secured approximately $170 million in excess of loss reinsurance coverage from a panel of third-party reinsurance providers, effective January 1, 2027, for new insurance written in the 2027 book year [1] - The reinsurance coverage is part of the company's credit risk transfer strategy, which aims to manage risk effectively while delivering value to stakeholders [2] - Enact operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and is committed to supporting homeownership in the U.S. through private mortgage insurance [3] Company Overview - Enact Holdings, Inc. is a leading provider of private mortgage insurance in the U.S., operating since 1981 [3] - The company focuses on partnering with lenders to provide superior service, underwriting expertise, and risk management [3] - Enact is headquartered in Raleigh, North Carolina, and aims to positively impact communities by helping more people achieve homeownership [3]

Core Insights - Aduro Clean Technologies Inc. is progressing with the commissioning of its Next Generation Process (NGP) Pilot Plant, which is crucial for validating its Hydrochemolytic™ Technology and preparing for future scale-up [1][3][7] Commissioning Progress - The NGP Pilot Plant has advanced from Phase 1 to Phase 2 commissioning, with Phase 1 focusing on assembly and installation of major systems, and Phase 2 concentrating on integrated operations and process tuning [4][5][8] - All major systems, including the extruder and automation controls, are now installed and undergoing staged commissioning [8] - The commissioning roadmap is structured, with activities planned to continue through November and into mid-December 2025 [5][8] Key Partnerships - Zeton Inc. and Siemens Canada are key partners in the commissioning phase, providing engineering, fabrication, and automation support [6][9] - The collaboration with these partners is essential for ensuring reliable process performance and data acquisition during the commissioning [6][9] Technology and Future Plans - The Hydrochemolytic™ Technology aims to transform lower-value feedstocks into valuable resources, operating at relatively low temperatures and costs [10] - The data and experience gained from the Pilot Plant will inform the design and commissioning of a future Demonstration Plant with an initial capacity of 8,000 tons per year [3][9]

Core Insights - Aduro Clean Technologies Inc. is advancing its Demonstration Plant program through a series of engineering trials using industrial-scale equipment to enhance the selection of long-lead procurement items and support detailed engineering [1][5] Group 1: Collaboration and Engineering Trials - Aduro is collaborating with KraussMaffei Extrusion GmbH and CHILL B.V. to combine industrial engineering capabilities with applied research expertise for the evaluation of extrusion systems [2][4] - The current phase focuses on preparing and feeding contaminated waste plastics into the Hydrochemolytic™ process under realistic operating conditions, which will inform equipment design and integration planning [2][3] Group 2: Objectives and Expected Outcomes - The trials aim to simplify feed preparation and reduce the need for costly pretreatment, confirming operating conditions and performance characteristics necessary for selecting long-lead equipment [3][4] - Data generated from these trials will guide the design and integration of pretreatment systems for the Demonstration Plant, enhancing reactor feed quality and reducing contamination levels [4][5] Group 3: Strategic Importance and Future Steps - The completion of these engineering trials is expected in Q4 2025, establishing a framework for specifying long-lead equipment, which is crucial for the Demonstration Plant build [5] - The structured approach to commercialization emphasizes the importance of data and engineering insights in advancing Hydrochemolytic™ technology efficiently and responsibly [5]

Core Insights - Aduro Clean Technologies Inc. is advancing towards commercial readiness with significant progress in the construction of its Next Generation Process (NGP) Pilot Plant and the initiation of commissioning activities [2][16][17] - The company has strengthened its financial position through a public offering, raising approximately US$9.2 million, which will support ongoing projects and research initiatives [8] - The first quarter of fiscal 2026 showed a decrease in revenue and an increase in operational losses, attributed to higher non-cash expenses and increased R&D activities [6][7] Financial Highlights - Revenue for Q1 FY2026 was CAD $44,500, a 19% decrease from CAD $55,000 in Q1 FY2025 [6][7] - Loss from operations was CAD $6,325,018 for Q1 FY2026, compared to CAD $2,462,532 for Q1 FY2025, marking a 157% increase [6][7] - Adjusted EBITDA for Q1 FY2026 was CAD $(2,254,384), compared to CAD $(1,746,748) for Q1 FY2025, reflecting a 29% increase in losses [6][7] Operational Developments - The NGP Pilot Plant is entering the commissioning phase, with significant milestones achieved in construction and system integration [16][17][18] - The company has initiated a global site-selection process for its planned Demonstration Plant, focusing on locations in Canada, Europe, and Mexico [2][21] - Testing of synthetic turf waste as a feedstock for the Hydrochemolytic™ Technology has been completed, demonstrating the technology's adaptability [13] Leadership and Strategic Initiatives - Aduro appointed David Weizenbach as Chief Operating Officer to enhance operational execution and support the commissioning of the NGP Pilot Plant [9] - The company has engaged in industry collaborations, joining the Plastics Industry Association and the Polystyrene Recycling Alliance to advance recycling solutions [11] - A marketing and investor awareness program has been launched to increase brand visibility and stakeholder engagement [14][15] Subsequent Events - The commissioning of the NGP Pilot Plant began in September 2025, transitioning from construction to operational readiness [17][18] - The company participated in various investor and technical conferences to update stakeholders on its progress and technology [19][20]

Core Viewpoint - Enact Holdings, Inc. is set to release its third quarter earnings on November 5, 2025, followed by a conference call on November 6, 2025, to discuss the financial results [1]. Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and has been a key player in the U.S. private mortgage insurance sector since 1981 [4]. - The company aims to assist individuals in achieving homeownership by partnering with lenders to provide superior service, underwriting expertise, and risk management [4]. - Enact is headquartered in Raleigh, North Carolina, and focuses on positively impacting communities through its services [4]. Conference Call Details - Participants interested in the live Q&A session must pre-register to obtain a dial-in number and unique PIN, with a recommendation to join at least 15 minutes early [2]. - A live webcast of the conference call will be available on the company's website, and the event will be archived for one year [3].

Core Insights - Aduro Clean Technologies Inc. has initiated a global site-selection process for its Demonstration Plant program, focusing on locations in Canada, Europe, and Mexico [1][2] - The Next Generation Process (NGP) Pilot Plant is on schedule, validating technical aspects for scale-up and optimizing key parameters [2][4] - A multidisciplinary team is efficiently progressing through the site-selection project, with a shortlist of candidate locations expected by the end of the year [3][4] Site Selection Criteria - The site selection is crucial for jurisdictional permitting, economic modeling, and ensuring access to reliable feedstock supply [2][4] - Standardized evaluation criteria include: - Feedstock and logistics alignment: proximity to waste-plastic supply and efficient transport networks [6] - Offtake and market connectivity: regional demand for recycled intermediates and compliance with Extended Producer Responsibility (EPR) programs [6] - Mass balance readiness: ability to implement certified chain-of-custody systems for circular content claims [6] - Regulatory and permitting pathways: frameworks governing environmental approvals and recycling legislation [6] - Incentives and local support: availability of industrial development incentives and community engagement [6] - Utilities and infrastructure: necessary energy, water, and transport links for operations [6] - Future expansion: sites accommodating growth from 8,000 tonnes per year to 16,000-20,000 tonnes per year [6] Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics and converting heavy crude into valuable oil [5] - The Hydrochemolytic™ Technology operates at low temperatures and costs, transforming low-value feedstocks into valuable resources [5]

Core Points - Aduro Clean Technologies Inc. announced participation in the LD Micro Main Event XIX Conference in San Diego from October 19-21, 2025 [1] - The conference is a significant independent investment event, featuring presentations and networking opportunities for growth-stage businesses [2] - Aduro's management will hold one-on-one meetings with investors to discuss the company's strategy and technology development [3] Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics and converting heavy crude into lighter oil [4] - The company's Hydrochemolytic™ Technology utilizes water as a key agent, operating at low temperatures and costs, transforming low-value feedstocks into valuable resources for the 21st century [4]

Core Insights - Aduro Clean Technologies Inc. is participating in key industry events in October 2025 to showcase its innovative technology and engage with stakeholders in the circular economy [1][2] Group 1: Upcoming Events - K 2025 Conference will take place from October 8-15, 2025, in Düsseldorf, Germany, focusing on plastics and rubber innovation, where Aduro will highlight its Hydrochemolytic™ Technology [3] - The 10th Edition of Sustainability in Packaging Europe is scheduled for October 21-23, 2025, in Barcelona, Spain, where Aduro will present on recycling viability and exhibit its technology [4] - Ontario Chemistry & Plastics Day is set for October 22, 2025, in Toronto, Ontario, featuring discussions on advancing a circular plastics economy, with Aduro participating in a panel [5] Group 2: Technology and Commitment - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics and converting heavy crude into valuable oil, emphasizing its Hydrochemolytic™ Technology [7][8] - The company's approach operates at relatively low temperatures and costs, aiming to transform low-value feedstocks into valuable resources for the 21st century [8]

Core Points - Enact Holdings, Inc. has announced a new $435 million five-year senior unsecured revolving credit facility, effective September 30, 2025, replacing the previous $200 million facility [1][2] - The new credit facility enhances borrowing capacity and extends the maturity profile, providing greater financial flexibility and liquidity for operations [2] - Borrowings will accrue interest at a floating rate tied to a short-term borrowing index plus a margin currently set at 125 basis points [2] - The facility was arranged with a syndicate of eight banks, with JPMorgan Chase Bank, N.A. as the Administrative Agent and Joint Lead Arranger [3] Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and is a leading private mortgage insurance provider in the U.S. [5] - The company aims to help more individuals achieve homeownership by partnering with lenders to provide service, underwriting expertise, and risk management [5] - Enact is headquartered in Raleigh, North Carolina, and has been in operation since 1981 [5]

Core Viewpoint - AM Best has revised the outlooks for Enact Holdings, Inc. and its subsidiaries to positive from stable, affirming their Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) [1] Group 1 - The outlook revision indicates improved financial stability and performance expectations for Enact Holdings, Inc. and its subsidiaries [1] - The affirmed ratings reflect the strong operational performance and risk management practices of Enact Mortgage Insurance Corporation and its North Carolina subsidiary [1]