NORTHSTAR REPORTS FIRST QUARTER 2026 RESULTS; PROVIDES CAPITAL MARKETS UPDATE AND ANNOUNCES WEBCAST

• Northstar Clean Technologies reported Q1 2026 financial results showing revenue of $208,458 and a gross profit of $83,649, contrasting with a gross loss in the prior year period.
• Net loss widened to $4,839,819, but cash reserves surged to $12.66M following the closure of a US$10M private placement and capital structure optimization.
• The Empower Calgary facility is processing at 80tpd with active progress toward a 100tpd milestone (ERA Milestone 4) ahead of commercial production.
• Strategic updates include the selection of Baltimore, MD as the first U.S. expansion location and the establishment of a C$10M ATM equity program.
• Capital structure simplification removed nearly 20M warrants and options year-to-date, generating ~$964k in proceeds.

• The news is Routine - Positive. The US$10M private placement was announced in March 2026 and closed in April/May 2026, so the cash infusion is an expected follow-through rather than a surprise.
• Operational progress at the Calgary facility aligns with previous guidance regarding the 80tpd to 100tpd ramp-up.
• The Q1 results reflect the transitional nature of the business, with revenue still minimal but gross margins turning positive, indicating the technology is functioning as intended.
• The ATM program provides future capital flexibility but is not expected to be utilized immediately given the recent financing.

• Northstar Clean Technologies operates the Empower Calgary Facility, the first commercial-scale asphalt shingle recovery plant in North America.
• The facility utilizes proprietary Bitumen Extraction & Separation Technology (BEST) to convert waste asphalt shingles into liquid asphalt, aggregate, fiber, and limestone.
• The company is transitioning from a construction-focused entity to an operating organization, with plans to scale operations and expand into the U.S. market.