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Northstar Clean Technologies Inc V.ROOF

Alternate Symbol(s):  ROOOF

Northstar Clean Technologies Inc. is a Canada-based clean technology company. The Company is focused on sustainable recovery and reprocessing of asphalt shingles. The Company, through its wholly owned subsidiary Empower, has developed a design process technology, the Bitumen Extraction and Separation Technology (BEST), at its Empower Pilot Facility for taking discarded or defective single-use asphalt shingles, and extracting the liquid asphalt for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems, and aggregate and fiber for use in construction products and other industrial applications. It plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at both its Empower Pilot Facility in Delta, British Columbia and its commercial scale-up facility in Calgary, Alberta.


TSXV:ROOF - Post by User

Comment by lscfaon Oct 07, 2022 10:57am
137 Views
Post# 35012168

RE:ROOF breaking news

RE:ROOF breaking newsTake or pay contract.....

However, if McAsphalt fails to take the Product according to the agreed schedule, or is rendered unable to take the Product for any reason whatsoever (save force majeure or a cause attributable to Northstar), for a period longer than three (3) consecutive days from the agreed schedule and causes the Calgary Facility to shut down for any reason, then McAsphalt will pay to Northstar a fixed and sole remedy daily fee ( the “Daily Take or Pay Fee” ) equal to the average of the previous 10 days production before its failure to take the Product times the Purchase Price until McAsphalt resumes full offtake of the Blended Product, plus any reasonable and agreed start-up costs required to re-instate full production.
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