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Northstar Adds to Working Capital Reserves via Several Initiatives
Prnewswire· 2025-12-09 12:00
Core Viewpoint - Northstar Clean Technologies Inc. has announced several initiatives to enhance its working capital reserves, successfully raising a total of $1.74 million through financing and receiving a milestone payment from Emission Reduction Alberta [1][4]. Financing Details - The company closed a first tranche non-brokered unit financing, raising $1,000,000 through the issuance of 200 units, each consisting of a $5,000 face value debenture and 1,250 detachable non-transferable whole warrants [1]. - The debenture carries a coupon rate of 9.0%, with interest payable semi-annually in cash or shares, and has a warrant exercise price of $0.395 per warrant, valid for 36 months from closing [1][2]. - The financing was fully subscribed by an arm's length third party, 1010770 B.C. Ltd., and proceeds will be used to ramp up operations at the Empower Environmental Solutions Calgary Facility and for general corporate purposes [1]. Milestone Payment - Northstar received a Milestone 3 payment of $735,000 from Emission Reduction Alberta, which will be exclusively directed to operations at Empower Calgary [4]. - This payment follows the achievement of processing 80 tonnes per day at Empower Calgary, and the company is now focused on achieving the final milestone of a $7.1 million grant, which includes approximately $1.2 million in holdbacks from prior milestones [4]. Operational Strategy - The company aims to secure additional capital in the short term to bridge operations until production and revenues at Empower Calgary reach operational break-even [5]. - Northstar prefers non-dilutive bridge financing options at this stage of its growth capital strategy, emphasizing a focus on operations at Empower Calgary [5]. Company Overview - Northstar Clean Technologies is a Canadian company specializing in the sustainable recovery and reprocessing of asphalt shingles, aiming to reduce landfill waste by extracting valuable components for reuse in construction and industrial applications [6]. - The company operates its first commercial scale facility in Calgary, Alberta, and is committed to leading the recovery and reprocessing of asphalt shingles in North America [6].
Northstar to Present at the Microcap Rodeo Conference Thursday, September 25, 2025 in New York City
Prnewswire· 2025-09-23 11:00
Core Points - Northstar Clean Technologies Inc. will participate in the MicroCap Rodeo Conference on September 25, 2025, in New York City [1][2] - CEO Aidan Mills will present the company's operational highlights, growth initiatives, and strategic direction during the conference [2] - The conference will feature approximately 15 microcap companies, providing investors with opportunities for group presentations and one-on-one meetings [3] Company Overview - Northstar is a Canadian waste-to-value technology company focused on the sustainable recovery and reprocessing of asphalt shingles [4] - The company has developed a proprietary design process to extract liquid asphalt from discarded shingles, which can be reused in new asphalt shingle manufacturing and construction products [4] - Northstar aims to lead the recovery and reprocessing of asphalt shingles in North America, addressing environmental concerns related to landfill waste [4]