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Aduro Clean Technologies Advances Demonstration Plant Program; Begins Global Site Selection Project
Globenewswire· 2025-10-09 11:00
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]
Aduro Clean Technologies Initiates Marketing Campaign
Globenewswire· 2025-08-29 11:00
Core Viewpoint - Aduro Clean Technologies Inc. has initiated a marketing campaign through agreements with investor relations and marketing firms to enhance brand awareness among retail investors [1] Group 1: Marketing Agreements - The company entered into a TIA Agreement with The Investing Authority for investor relations and marketing services, including social media campaigns and analytics reporting, for an initial term of 1 month starting September 16, 2025, with a total potential fee of up to US$187,500 [2][3] - The Stocktwits Agreement allows Stocktwits to provide marketing services such as native advertisements and video promotions, also for an initial term of 1 month starting September 16, 2025, with a total potential fee of up to US$125,000 [4][5] - The LFG Agreement with LFG Equities Corp. includes marketing consulting services for an initial term of 1 month starting September 16, 2025, with a total potential fee of up to US$187,500 [7][8] Group 2: Service Details - Services provided by The Investing Authority will be disseminated through various platforms including Discord, Reddit, X/Twitter, YouTube, and email [3] - Stocktwits will utilize its platform for real-time discussions and advertisements, enhancing visibility among investors [5] - LFG will focus on messaging development and influencer engagement, distributing content through media channels and newsletters [8] Group 3: Financial Implications - The company has committed to pay US$75,000 upon entering each of the TIA and LFG agreements, with additional payments contingent on extensions [3][8] - The Stocktwits agreement includes an initial payment of US$50,000, with further payments based on potential extensions [5]
Aduro Clean Technologies Announces Closing of Underwriter's Over-Allotment Option in Public Offering
GlobeNewswire News Room· 2025-06-20 20:33
Core Viewpoint - Aduro Clean Technologies Inc. has successfully completed an underwritten public offering, raising approximately US$1.2 million through the issuance of additional common shares and warrants, which will be utilized for research and development, construction of a demonstration-scale plant, and general corporate purposes [1][3]. Group 1: Offering Details - The company issued 142,180 common shares and 71,090 warrants, with each whole warrant exercisable into one common share at an exercise price of US$10.13, expiring three years from issuance [1][2]. - The offering was managed by D. Boral Capital LLC, which acted as the sole book-running manager [2]. 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 any remaining funds for general corporate purposes and working capital [3]. 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, both effective as of May 28, 2025 [4][5]. - The securities were offered and sold exclusively in the United States, with no sales to Canadian purchasers [4]. Group 4: Company Overview - Aduro Clean Technologies specializes in patented water-based technologies aimed at chemically recycling waste plastics, converting heavy crude and bitumen into lighter oil, and transforming renewable oils into higher-value fuels or chemicals [8]. - The company's Hydrochemolytic™ Technology utilizes water as a key agent in a low-temperature chemistry platform, providing a cost-effective solution for converting low-value feedstocks into valuable resources [8].
Aduro Clean Technologies Announces Pricing of US$8 Million Underwritten Public Offering
Globenewswire· 2025-06-10 12:00
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].