Northstar Clean reaches shingle feedstock milestone

Executive Summary

• Northstar Clean Technologies Inc. has achieved a significant operational milestone at its Empower Calgary facility by processing over 80 tonnes of asphalt shingle feedstock per day.
• This achievement completes Milestone 3 for the company's grant from Emission Reduction Alberta (ERA), with the company expecting to receive over $700,000 from ERA upon delivery of this milestone.
• The company anticipates transitioning the facility to steady-state commercial operations, with product revenue generation expected within the following weeks.

Key Details

• Processing Milestone: The Empower Calgary facility processed over 80 tonnes of shingle feedstock per day, marking the first major operational goal for the site.
• Grant Funding: The milestone completion qualifies Northstar for over $700,000 in funding from Emission Reduction Alberta (ERA).
• Commercial Timeline: The company expects to move to steady-state commercial operations and begin generating product revenue in the coming weeks.
• Strategic Significance: CEO Aidan Mills stated that this achievement demonstrates the derisking of the technology and validates Northstar as a "waste-to-value" company, providing insights for optimizing the Calgary process and deploying subsequent facilities.

Notable Quotes

• "Processing over 80 tonnes per day in our first commercial shingle processing facility is a huge milestone for the company... This achievement demonstrates the derisking of the technology and the move to product revenue generation, critical to validating Northstar as a compelling, waste-to-value company." — Aidan Mills, President and CEO