Core Viewpoint - Aduro Clean Technologies Inc. has joined the Plastics Industry Association and the Polystyrene Recycling Alliance to enhance its efforts in advancing polystyrene recycling solutions and promoting sustainability in the plastics industry [1][3][5] Group 1: Membership and Collaboration - Membership in the Plastics Industry Association connects Aduro to a network of stakeholders committed to sustainability and circularity in the plastics sector [3] - The Polystyrene Recycling Alliance aims to improve polystyrene recovery rates through collaboration among resin producers, recyclers, and technology developers [2][5] - Aduro's participation in these organizations reflects its commitment to innovation and addressing challenges in polystyrene recovery [5][6] Group 2: Technology and Innovation - Aduro's Hydrochemolytic™ Technology (HCT) utilizes water and a catalyst at moderate temperatures to convert waste plastics into valuable hydrocarbon products, achieving higher yields with minimal by-products [4][11] - HCT has demonstrated the ability to convert post-consumer polystyrene into hydrocarbon intermediates such as toluene, ethylbenzene, and cumene, which are compatible with existing chemical infrastructure [4][11] Group 3: Industry Challenges and Goals - Polystyrene recovery rates are low, with less than 6% of polystyrene packaging recycled in the U.S. and only about 10% in Canada [7][8] - The PSRA's mission includes addressing systemic challenges such as limited collection infrastructure and public misconceptions about recycling [5][9] - Aduro's involvement in the PSRA aligns with its broader R&D efforts to enhance recycling solutions and promote circularity in the plastics industry [5][6]

Core Viewpoint - Aduro Clean Technologies Inc. has announced the granting of stock options and restricted share units to its directors, officers, employees, and consultants, aimed at enhancing talent retention and aligning interests with shareholders [1][3]. Summary by Sections Stock Options Grant - The company granted a total of 743,500 stock options, each allowing the purchase of one common share at a price of $13.50, exercisable over a period of 5 years [1][2]. - The options will vest monthly over a two-year period from the date of grant [2]. Restricted Share Units Grant - Additionally, 100,000 restricted share units (RSUs) were granted to a consultant, with vesting occurring in three tranches: 35,000 RSUs vesting immediately, 35,000 RSUs vesting after 6 months, and 30,000 RSUs vesting after 12 months [3]. - All options and RSUs are subject to a hold period of four months and one day from the date of issuance [3]. Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics, converting heavy crude into lighter oil, and transforming renewable oils into higher-value fuels or chemicals [5]. - The company's Hydrochemolytic™ Technology utilizes water as a key agent, operating at low temperatures and costs, which is a significant advancement in converting low-value feedstocks into valuable resources for the 21st century [5].

Core Insights - Aduro Clean Technologies Inc. has appointed David Weizenbach as Chief Operating Officer effective July 1, 2025, to support the company's expansion and pilot-scale execution [1][3][4] Company Overview - Aduro Clean Technologies specializes in clean technology, transforming lower-value feedstocks such as waste plastics and heavy bitumen into valuable resources using patented water-based technologies [7] Leadership Appointment - David Weizenbach brings over 30 years of experience in engineering leadership and operations, including 25 years at NOVA Chemicals, where he developed expertise in process automation and capital project delivery [2][5] - His recent consulting role with Aduro involved operational planning and scale-up strategy, facilitating a smooth transition into the COO position [3][4] Operational Focus - Weizenbach's leadership is expected to enhance the commissioning of the Next Generation Process (NGP) pilot plant and establish a foundation for demonstration-scale facilities and commercial deployment [2][4][6] - His background in managing complex technical environments and guiding organizations through technology transitions will be crucial for Aduro's operational framework [2][6] Technology and Innovation - Aduro's Hydrochemolytic™ Technology operates at relatively low temperatures and costs, utilizing water as a critical agent to convert low-value feedstocks into higher-value resources [7]

Core Viewpoint - Aduro Clean Technologies Inc. has successfully closed a public offering, raising approximately US$8 million to support its clean technology initiatives, particularly in research and development and the construction of a demonstration-scale plant [1][2]. Group 1: Offering Details - The public offering consisted of 947,868 common shares and accompanying warrants to purchase 473,934 common shares, priced at US$8.44 per share [1]. - Each whole warrant has an exercise price of US$10.13 and is exercisable immediately, expiring three years from issuance [1]. - The underwriters have a 45-day over-allotment option to purchase an additional 142,180 common shares and/or warrants for an additional 71,090 common shares [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to ongoing research and development costs, expenditures for the construction of the demonstration-scale plant, and general corporate purposes and working capital [2]. Group 3: Regulatory Information - The offering was conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and a Canadian short form base shelf prospectus [4]. - The Base Shelf Prospectus has been filed with applicable securities commissions in Canada and the SEC, and is available for public access [5].

Core Viewpoint - Aduro Clean Technologies Inc. has announced a public offering of 947,868 common shares at a price of US$8.44 per share, aiming to raise approximately US$8 million for research and development, construction of a demonstration-scale plant, and general corporate purposes [1][2]. Group 1: Offering Details - The offering includes 947,868 common shares and accompanying warrants to purchase 473,934 common shares, with each whole warrant exercisable at US$10.13 and expiring three years from issuance [1]. - The offering is managed by D. Boral Capital LLC as the sole book-running manager [2]. - An over-allotment option allows underwriters to purchase an additional 142,180 common shares and/or warrants for 71,090 common shares within 45 days [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to ongoing research and development costs, expenditures for the construction of a demonstration-scale plant, and any remaining funds for general corporate purposes and working capital [2]. Group 3: Regulatory Information - The offering is conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and a Canadian short form base shelf prospectus [4]. - The base shelf prospectus has been filed with applicable securities commissions in Canada and the SEC, and is available for public access [5]. Group 4: Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics, converting heavy crude into lighter oil, and transforming renewable oils into higher-value fuels or chemicals [7]. - The company's Hydrochemolytic™ Technology utilizes water as a key agent in a low-temperature chemistry platform, aiming to convert low-value feedstocks into valuable resources for the 21st century [7].

Core Viewpoint - Aduro Clean Technologies Inc. has engaged Delphi to conduct a Life Cycle Assessment (LCA) of its Hydrochemolytic™ technology for waste plastic processing, aiming to quantify its environmental performance and support its commercialization strategy [1][2][5]. Group 1: Company Overview - Aduro Clean Technologies is focused on transforming lower-value feedstocks, such as waste plastics and heavy bitumen, into valuable resources using patented water-based technologies [7][8]. - The Hydrochemolytic™ technology operates at relatively low temperatures and costs, positioning it as a game-changing approach in the clean technology sector [8]. Group 2: Life Cycle Assessment (LCA) Details - The LCA will begin with a screening-level assessment focusing on greenhouse gas (GHG) emissions and energy use, following ISO 14040 and 14044 frameworks [3][4]. - Subsequent phases will incorporate operational data from the Next Generation Process (NGP) pilot plant, leading to a comprehensive ISO-compliant assessment of all life cycle stages [4]. - The final phase is expected to benchmark the Hydrochemolytic™ process against other chemical recycling methods, providing a comparative analysis of environmental impacts [4]. Group 3: Strategic Importance - The LCA is part of Aduro's strategic roadmap to align its innovation strategy with the expectations of regulators, customers, and investors in the circular economy [3][5]. - Engaging a reputable firm like Delphi for the LCA work is intended to provide credible, third-party-reviewed information that can enhance stakeholder engagement and operational efficiency [2][5].

Core Insights - Aduro Clean Technologies Inc. has signed a Memorandum of Understanding with Cleanfarms Inc. to evaluate the feasibility of its Hydrochemolytic™ Technology for recycling agricultural plastic waste [1][2] - The collaboration aims to address the challenges of recycling agricultural plastics, which are often contaminated and have limited end-of-life options [2][3] - The project will progress through three phases: laboratory feasibility trials, scale-up and process modeling, and potential integration into a demonstration plant [3][4][5] Group 1: Collaboration Overview - The MOU outlines a multi-phase collaboration to assess the technical and economic feasibility of using Aduro's Hydrochemolytic™ Technology for chemical recycling of on-farm plastic waste [1][2] - Cleanfarms operates within Extended Producer Responsibility frameworks and has a strong network for managing agricultural waste, making it a critical partner for Aduro [2][8] - The collaboration aims to convert difficult-to-recycle agricultural plastics into usable hydrocarbon products, enhancing resource recovery and circularity in agriculture [2][3] Group 2: Phases of Collaboration - **Phase A**: Laboratory feasibility trials will involve testing agricultural plastic waste samples to assess sorting, pre-treatment requirements, and processing efficiency [4] - **Phase B**: This phase will focus on scale-up trials using larger volumes of agricultural plastics, evaluating system performance and developing a techno-economic model [5] - **Phase C**: Contingent on successful outcomes from Phases A and B, this phase will explore the integration of agricultural plastics as feedstock in Aduro's planned demonstration plant [6][7]

Core Insights - Aduro Clean Technologies Inc. has announced a strategic collaboration with Siemens Canada to integrate advanced control and data systems into Aduro's Next Generation Process Pilot Plant, aimed at advancing Hydrochemolytic™ Technology towards industrial readiness [1][3] Group 1: Collaboration Details - Siemens will supply its SIMATIC PCS neo distributed control system, which is a web-based platform providing centralized, secure, and scalable process control for the Pilot Plant [2] - The collaboration includes Siemens providing instrumentation, operator interfaces, and engineering services to support the commissioning and performance optimization of the Pilot Plant [2][5] - Siemens will also contribute technical input for the design of a future Demonstration Plant as part of the collaboration [2][5] Group 2: Technology and Process - Hydrochemolytic™ Technology developed by Aduro uses water as a reactive medium at moderate temperatures to cleave carbon bonds in polymers, offering a more controlled and efficient process compared to traditional pyrolysis [3][8] - The Pilot Plant is designed as a fully instrumented, continuous-flow unit to validate the Hydrochemolytic™ process under real-world conditions, providing essential data for future commercial facilities [3][4] Group 3: Strategic Importance - The partnership with Siemens enhances Aduro's ability to scale its chemical recycling solutions, aligning with the principles of a circular economy and supporting long-term growth [4][6] - Siemens' PCS neo platform will enable real-time visibility and control, which are critical for optimizing plant performance and facilitating the transition from pilot to commercial-scale operations [5][6]

Aduro Clean Technologies Inc. Interim Condensed Consolidated Financial Statements For the three and nine months ended February 28, 2025 (Unaudited) (Expressed in Canadian Dollars) Aduro Clean Technologies Inc. Consolidated Statements of Financial Position Expressed in Canadian Dollars | | | February 28, 2025 | | May 31, 2024 | | --- | --- | --- | --- | --- | | ASSETS | | | | | | Current | | | | | | Cash and cash equivalents | $ | 8,362,459 | $ | 2,814,576 | | Deposits and prepaid expenses (Note 5) | | 1,418 ...

Aduro Clean Technologies Inc. Interim Condensed Consolidated Financial Statements For the three and six months ended November 30, 2024 (Unaudited) The accompanying notes are an integral part of these interim condensed consolidated financial statements. (Expressed in Canadian Dollars) Aduro Clean Technologies Inc. Consolidated Statements of Financial Position Expressed in Canadian Dollars | | | November 30, 2024 | | May 31, 2024 | | --- | --- | --- | --- | --- | | ASSETS | | | | | | Current | | | | | | Cash ...