Northwire Canada EditionSaturday, July 11, 2026
Northwire
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Earnings Routine +

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

Northstar Clean Technologies

Executive Summary
  • 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.
Material Impact
  • 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.
ROOF · Price
Company Overview
  • 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.
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