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 Viewpoint - Aduro Clean Technologies Inc. has entered into a market-making agreement with Generation IACP Inc. to enhance the liquidity of its shares on the Canadian Securities Exchange [1][2]. Group 1: Agreement Details - The agreement with Generation IACP is effective from May 12, 2025, and is set for an initial term of six months, automatically renewing for successive six-month periods unless terminated with 30 days' notice [2]. - Generation will receive a monthly fee of US$8,000 during the initial term, increasing to US$9,000 for the first renewal term, and thereafter will increase by 3% annually on each anniversary of the agreement [3]. - Generation is independent of Aduro and does not currently own any securities of the company, although it may acquire interests in the future [4]. Group 2: Company Background - Aduro Clean Technologies specializes in patented water-based technologies aimed at recycling waste plastics, converting heavy crude into lighter oil, and transforming renewable oils into higher-value fuels or chemicals [6]. - The company's Hydrochemolytic™ Technology utilizes water as a key agent in a low-temperature chemistry platform, which is designed to convert low-value feedstocks into valuable resources for the 21st century [6]. Group 3: Market Context - The CFO of Aduro noted an increasing interest from both institutional and retail investors, indicating a positive market sentiment towards the company's growth story [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]

Financial Performance - Revenue for the three months ended February 28, 2025, was CAD 63,399, a decrease of 39% from CAD 103,628 for the same period in 2024 [5]. - Net loss for the nine months ended February 28, 2025, was CAD 8,429,016, compared to a net loss of CAD 5,675,164 for the same period in 2024, reflecting a 48% increase in losses [8]. - Revenue for the nine months ended February 28, 2025, was $156,542, a decrease from $235,266 in the same period of 2024 [50]. - The company reported a loss and comprehensive loss of $(8,235,672) for its Canadian operations for the nine months ended February 28, 2025 [63]. Assets and Liquidity - Total assets increased to CAD 13,602,121 as of February 28, 2025, compared to CAD 6,956,751 as of May 31, 2024, representing a growth of 95% [3]. - Cash and cash equivalents rose to CAD 8,362,459 at the end of the reporting period, up from CAD 2,814,576 at the start of the period, indicating a significant increase in liquidity [8]. - As of February 28, 2025, the Company reported a working capital balance of $9,455,405, an increase from $3,200,274 as of May 31, 2024 [13]. - The maximum exposure to credit risk as of February 28, 2025, was $8,517,355, compared to $3,066,515 as of May 31, 2024, reflecting an increase of 177.5% [58]. Expenses - Research and development expenses for the nine months ended February 28, 2025, were CAD 3,956,389, up from CAD 2,409,183 in the same period of 2024, marking a 64% increase [5]. - Total general and administrative expenses for the nine months ended February 28, 2025, were $4,398,542, compared to $3,175,577 for the same period in 2024, reflecting an increase of 38.4% [52]. - Share-based compensation expense for the nine months ended February 28, 2025, was $2,543,994, compared to $1,331,281 for the same period in 2024, indicating an increase of 91% [54]. Financing Activities - Share capital increased to CAD 35,342,930 as of February 28, 2025, from CAD 22,477,986 as of May 31, 2024, reflecting new equity financing activities [7]. - The Company raised net proceeds of $3,348,844 from a non-brokered private placement and $5,166,739 from an underwritten U.S. public offering, aimed at advancing commercialization efforts [13]. - The company completed a non-brokered private placement on June 17, 2024, issuing 834,178 units at a price of $4.225 per unit for gross proceeds of $3,524,400 [35]. - The company closed a U.S. public offering on November 8, 2024, raising gross proceeds of $4,000,002 from the sale of 941,177 common shares at a price of $4.25 per share [36]. Shareholder Information - As of February 28, 2025, the company had 28,909,708 common shares issued and outstanding, an increase from 21,759,130 common shares as of May 31, 2024 [33]. - During the nine-month period ended February 28, 2025, the company issued 1,013,960 common shares from the exercise of various warrants, generating gross proceeds of $826,052 [43]. - The total outstanding and exercisable share purchase warrants as of February 28, 2025, was 1,060,502, with a weighted average exercise price of $3.9292 [41]. Patents and Technology - The company holds nine patents, with seven granted and two pending, focusing on environmentally responsible technology for recycling plastics and tire rubber [11]. - The carrying amount of property and equipment as of February 28, 2025, was $3,323,301, reflecting significant investments in research and development [25]. - The fair value of the stock options granted was estimated using the Black-Scholes model, with expected volatility ranging from 48.81% to 211.86% [40]. Liabilities - The total lease liability as of February 28, 2025, was $184,796, up from $138,586 as of May 31, 2024 [29]. - The total expected maturities of the company's outstanding obligations as of February 28, 2025, amounted to $768,772, with $583,976 due prior to 2025 [60]. - The Company incurred a deficit of $31,325,092 since inception and continues to experience negative operating cash flows [13]. Future Outlook - The Company has sufficient funds to support operations for the next twelve months, contingent on generating profitable operations and obtaining necessary funding [13]. - The Company has not identified any impairment indicators for its assets as of February 28, 2025 [25]. - The company did not record any impairment losses for the three or nine months ended February 28, 2025 [59].

Financial Performance - Revenue for the three months ended November 30, 2024, was $38,143, a decrease of 48% compared to $73,093 for the same period in 2023[4] - The net loss for the six months ended November 30, 2024, was $5,577,244, compared to a net loss of $3,647,780 for the same period in 2023, indicating an increase in losses of approximately 53%[6] - Revenue for the six months ended November 30, 2024, was $93,143, a decrease from $131,638 in the same period of 2023[13] - General and administrative expenses increased to $2,780,681 for the six months ended November 30, 2024, compared to $1,961,254 in the same period of 2023[15] - Total finance costs for the six months ended November 30, 2024, were $5,016, down from $6,411 in the prior year[14] Assets and Liabilities - As of November 30, 2024, total assets increased to $13,356,179 from $6,956,751 as of May 31, 2024, representing a growth of approximately 92%[2] - Cash and cash equivalents rose to $9,232,193 as of November 30, 2024, up from $2,814,576 as of May 31, 2024, marking an increase of approximately 228%[6] - The company's accumulated deficit as of November 30, 2024, was $28,473,320, up from $22,896,076 as of May 31, 2024, indicating an increase of approximately 24%[2] - The total lease liability decreased to $119,161 as of November 30, 2024, down from $138,586 as of May 31, 2024, representing a reduction of about 14%[26] - The carrying amount of property and equipment as of November 30, 2024, was $3,360,910, compared to $3,128,632 as of May 31, 2024, showing an increase of approximately 7.4%[24] Share Issuance and Capital - The company issued shares resulting in net proceeds of $3,348,844 from a private placement and $4,492,795 from a public offering during the six months ended November 30, 2024[10] - A total of 2,094,914 common shares were issued during the year ended May 31, 2024, resulting in gross proceeds of $5,345,848 from the exercise of various share warrants and options[30] - The Company completed a non-brokered private placement on June 17, 2024, issuing 834,178 units at a price of $4.225 per unit for gross proceeds of $3,524,400[32] - An underwritten U.S. public offering closed on November 8, 2024, with 941,177 common shares sold at a price of US$4.25 per share, generating gross proceeds of US$4,000,002[33] - During the six-month period ended November 30, 2024, 700,937 common shares were issued, resulting in gross proceeds of $2,411,923 from the exercise of share warrants and options[34] Research and Development - Research and development expenses for the three months ended November 30, 2024, were $1,344,696, an increase of 64% compared to $819,568 for the same period in 2023[4] - Research and development expenses rose to $2,581,871 for the six months ended November 30, 2024, from $1,613,491 in the prior year[16] - The company has developed and owns nine patents, with seven granted and two pending, focusing on environmentally responsible technology for recycling[8] Compensation and Expenses - Key management personnel compensation for the six months ended November 30, 2024, totaled $1,187,248, an increase from $1,003,380 in the same period of 2023[44] - Share-based compensation expense for the six months ended November 30, 2024, was $1,611,318, significantly higher than $850,197 in the same period of 2023[17] - The company recognized an expense of $1,611,318 for stock options during the six months ended November 30, 2024, compared to $686,697 in the same period of 2023[36] Cash Flow and Credit Risk - The total cash outflow for lease liability was $24,117 for the period ended November 30, 2024, compared to $52,345 for the previous period, indicating a significant reduction in cash outflow[26] - The company reported a net US dollar exposure of $(3,514,976) as of November 30, 2024, compared to $37,507 on May 31, 2024[53] - The maximum exposure to credit risk was $9,459,881 as of November 30, 2024, up from $3,066,515 on May 31, 2024[54] - The company’s exposure to credit risk related to other receivables is disclosed in Note 18, highlighting the importance of monitoring credit risk management strategies[23]

Aduro Clean Technologies Inc. Interim Condensed Consolidated Financial Statements For the three months ended August 31, 2024 (Unaudited) (Expressed in Canadian Dollars) Aduro Clean Technologies Inc. Consolidated Statements of Financial Position Expressed in Canadian Dollars | | | | August 31, 2024 | | May 31, 2024 | | --- | --- | --- | --- | --- | --- | | ASSETS | | | | | | | Current | | | | | | | Cash and cash equivalents | | $ | 5,950,892 | $ | 2,814,576 | | Deposits and prepaid expenses (Note 4) | | | 45 ...

As filed with the U.S. Securities and Exchange Commission on October 2, 2024 Registration No. 333-280955 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1/A AMENDMENT NO. 2 TO REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ADURO CLEAN TECHNOLOGIES INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (Primary Standard Industrial Classification Code Number) British Columbia 2800 Not applicable (I.R.S. ...

As filed with the U.S. Securities and Exchange Commission on September 13, 2024 Registration No. 333-280955 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1/A AMENDMENT NO. 1 TO REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ADURO CLEAN TECHNOLOGIES INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (Primary Standard Industrial Classification Code Number) British Columbia 2800 Not applicable (I.R ...

As filed with the U.S. Securities and Exchange Commission on July 22, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ADURO CLEAN TECHNOLOGIES INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) British Columbia 2800 Not applica ...