Core Insights - Aduro Clean Technologies Inc. has initiated a global site-selection process for its Demonstration Plant program, targeting locations in Canada, Europe, and Mexico [1][4] - The company focuses on patented water-based technologies for recycling waste plastics and converting heavy crude into lighter oil [1] - The Next Generation Process (NGP) Pilot Plant is on schedule, validating technical aspects for scale-up and optimizing parameters [2][3] Site Selection Process - The site-selection project is progressing, with a shortlist of candidate locations expected by the end of the year [4] - The CEO emphasized that advancing site selection is crucial for detailed permitting and economic modeling, considering factors like feedstock access and regional incentives [4] Financial Activity - In June, Aduro Clean priced a public offering of 947,868 shares and warrants, with a combined offering price of $8.44 per common share [4] - The stock price of ADUR increased by 2.01% to $17.29 during the premarket session [5]
EXCLUSIVE: Aduro Clean Advances Site Selection Across Canada, Europe, Mexico For Demonstration Plant Program