LONDON, Ontario, July 03, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announces today that it has granted (the “Option Grant”) an aggregate of 743,500 stock options (each, an “Option”) to purchase up to 743,500 common shares of the Company to certain ...

Core Points - JBDI Holdings Limited announced that all proposed resolutions for shareholder approval were adopted at the Annual General Meeting held on June 9, 2025 [1] - The appointment of five directors was ratified at the AGM, along with the approval of YCM CPA Inc. as the independent registered public accounting firm for the fiscal year ending May 31, 2025 [2] Company Overview - JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, focusing on the revitalization, reconditioning, and recycling of drums and related containers in Singapore and Southeast Asia [3] - The company has nearly four decades of industry experience and is known for its quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services [3] - JBDI's mission is to help customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs [3]

Core Insights - Sky Quarry Inc. has filed a Waste Management Recycling Permit application to operate a combined oil sands extraction and waste asphalt shingle recycling facility in Utah, which aims to unlock new commercial pathways and expand revenue-generating operations [1][4] Group 1: Permit Application and Operational Initiatives - The permit application includes a request for a combined permit structure from the School and Institutional Trust Lands Administration (SITLA), allowing consolidation of shingle processing, heavy oil extraction, and asphaltic sand production [2] - If approved, the facility is projected to recover approximately 10 million barrels over a 15-year period, based on an operating capacity of 2,000 barrels per day [3] Group 2: Strategic Vision and Environmental Impact - The permit application is a critical step in scaling the company's waste-to-energy platform, creating multiple revenue streams from a single operational footprint [4] - The initiative aligns with Utah's economic and environmental priorities, contributing to improved waste management and resource efficiency [4][5] Group 3: Financial and Operational Benefits - The company anticipates early-stage cash flow from asphaltic sand and oil sales, which will strengthen its ESG and sustainability profile [8] - The deployment of the ECOSolv process is expected to support on-site heavy oil extraction and advance recycled product development through R&D [7]

Core Viewpoint - JBDI Holdings Limited has regained compliance with Nasdaq's periodic filing requirements, allowing the company to focus on delivering long-term value to shareholders [1][2]. Company Overview - JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and Southeast Asia [3]. - The company has nearly four decades of industry experience and is known for its quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services [3]. - JBDI's mission is to help customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs [3]. Recent Developments - On June 5, 2025, JBDI filed its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024, and 2023 with the Securities and Exchange Commission [2]. - The CEO, Mr. Lim Chwee Poh, expressed satisfaction in regaining full compliance with Nasdaq's listing requirements, emphasizing the company's focus on shareholder value [2].

Core Points - JBDI Holdings Limited has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) as of June 3, 2025, after previously failing to maintain a minimum bid price of $1.00 for 30 consecutive business days [1][2] - The company received a deficiency notice from Nasdaq on June 3, 2025, for not filing its interim balance sheet and income statement for the second quarter, thus violating Listing Rule 5250(c)(2) [4] - JBDI Holdings filed its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024, and 2023 on June 5, 2025, and intends to notify Nasdaq of this filing to regain compliance with the listing rule [5] Company Overview - JBDI Holdings Limited specializes in environmentally friendly and efficient products and services, focusing on the revitalization, reconditioning, and recycling of drums and related containers in Singapore and Southeast Asia [7] - The company has nearly four decades of industry experience and is recognized for quality and reliability, offering a range of reconditioned steel and plastic drums, new containers, and ancillary services [7] - JBDI's mission is to help customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs [7]

Core Insights - Northstar Clean Technologies Inc. has successfully completed all criteria for a $8.75 million non-revolving senior secured project loan facility with the Business Development Bank, with the remaining amount of $617,698 now fully drawn [1] - The funds from the BDC Facility will enhance cash reserves and are designated for ongoing commissioning efforts at the Empower Environmental Solutions Calgary facility, with operations expected to commence mid-year 2025 [1][2] Company Overview - Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles, utilizing a proprietary design process to extract liquid asphalt, aggregate, and fiber for reuse in construction and industrial applications [2] - The company aims to lead the recovery and reprocessing of asphalt shingles in North America, addressing environmental concerns related to landfill waste [2]

Core Viewpoint - Sky Quarry Inc. has signed a non-binding Letter of Intent with R & R Solutions Inc. to expand its waste-to-energy facilities and enhance revenue opportunities in the Southwest [1][4] Group 1: Partnership and Strategic Expansion - The partnership will focus on deploying Sky Quarry's proprietary equipment and processes at R & R Solutions' site in Albuquerque, New Mexico [2] - This collaboration aims to produce high-value byproducts such as asphalt-coated limestone, sand, granules, bitumen, and structural-grade ground shingles for various applications [2][3] - The partnership is seen as a strategic step for both companies, with R & R Solutions leveraging its experience in responsible recycling practices [4] Group 2: Revenue Generation and Processing Capacity - Sky Quarry expects to generate revenue from both accepting asphalt shingle waste and selling recovered byproducts [3] - The New Mexico site is estimated to process approximately 100,000 tons of asphalt shingle waste annually, potentially generating significant revenue from collection fees and sales of recycled materials [3] - The feedstock could yield up to 150,000 barrels of oil when fully refined, representing additional revenue potential [3] Group 3: Operational Efficiency and Market Position - The Albuquerque region is strategically located near Sky Quarry's PR Spring facility in Utah, which will serve as a hub for hydrocarbon extraction [4] - The integration of operations across both sites is expected to accelerate deployment, reduce capital intensity, and improve supply chain logistics for recovered oil products [4] - This collaboration is anticipated to drive stronger margins and long-term value for both companies [4]

Company Overview - JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and Southeast Asia [3] - The company has nearly four decades of industry experience and has established a strong reputation for quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services [3] - JBDI's mission is to help customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs [3] Share Repurchase Program - The board of directors of JBDI has approved a share repurchase program, allowing the company to repurchase up to US$1.0 million worth of its ordinary shares [1] - Proposed repurchases may occur on the open market at prevailing market prices, in privately negotiated transactions, in block trades, and through other legally permissible means, depending on market conditions [2] - The board will periodically review the share repurchase program and may authorize adjustments to its terms and size [2]