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Northstar Announces First Sale of Liquid Asphalt to McAsphalt Industries

By The Northwire Desk — AI Analysis Dec 23, 2025 · 07:00 ROOF · 0.245 Northstar Clean Technologies Inc.
ROOF · Price

Executive Summary

  • Northstar Clean Technologies completed its first sale of liquid asphalt to McAsphalt Industries, marking the inaugural revenue‑generating transaction from the newly built Empower Calgary Facility.
  • The shipment fulfills part of an offtake agreement with McAsphalt and signals the transition toward regular commercial sales expected to begin in January 2026.
  • Management highlighted the milestone as a key step toward profitable operations and ongoing commercial scale‑up of waste‑shingle recycling.

Key Details

  • Transaction: First sale of liquid asphalt produced from recycled shingles.
  • Buyer: McAsphalt Industries Ltd., wholly owned subsidiary of Colas Canada Inc.
  • Facility: Empower Calgary Facility – newly constructed plant dedicated to converting waste asphalt shingles into liquid asphalt, aggregate, and fiber.
  • Revenue Impact: Represents the first revenue‑generating event for the liquid‑asphalt product line; specific monetary value not disclosed.
  • Offtake Agreement: Ongoing commercial sales are governed by an offtake agreement with McAsphalt, with regular shipments expected to commence in January 2026.
  • Management Comments:
  • Aidan Mills (President & CEO) called the shipment “a significant commercial and operational milestone” and noted it moves Northstar toward profitable operations.
  • David LeMay (President, McAsphalt Canada) expressed satisfaction with the facility reaching this milestone and anticipation of steady‑state production.
  • Forward‑Looking Statements: Company expects to generate regular ongoing commercial sales from January 2026; acknowledges execution risk and potential financing needs.

Notable Quotes

“This achievement marks yet another important step in the transition to profitable operations.” – Aidan Mills, President & CEO, Northstar Clean Technologies

“We are delighted to have collected our first shipment of liquid asphalt… and look forward to receiving asphalt from steady state commercial production.” – David LeMay, President, McAsphalt Canada

Read the original news release →

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