VANCOUVER, BC and CALGARY, AB, April 22, 2024 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that it has received the first delivery of waste shingles to its planned asphalt shingle reprocessing facility in Calgary, Alberta (the "Empower Calgary Facility") as part of a three-year supply agreement with Ecco Recycling & Energy Corporation ("Ecco Recycling"), a leading Calgary-based waste diversion provider. The supply agreement with Ecco Recycling was previously announced by the Company on April 18, 2024.
This first delivery from Ecco Recycling is part of Northstar's broader 2024 shingle collection plan. Northstar now has two supply agreements in place and will continue to work with other shingle supply partners for the Empower Calgary Facility.
Mr. Aidan Mills, President & CEO and Director of Northstar, stated, "We are thrilled to see the swift progress of our partnership with Ecco Recycling, as evidenced by the arrival of our initial delivery of asphalt shingles. This marks the commencement of our pre-commissioning volume deliveries from Ecco Recycling, a pivotal step in our collaboration that will continue post-commissioning. The support and commitment to sustainability by the local community is further solidified by this being our second supply agreement for the Empower Calgary Facility, following our earlier transaction with IKO Industries Ltd. announced on January 8, 2024. With these agreements in place, we are in a strong supply position to support the commissioning and ongoing operations of the Empower Calgary Facility."
About Northstar
Northstar Clean Technologies Inc. is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, 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. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America, extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Northstar Investor Relations Inquiries:
Kin Communications
Phone: 604 684 6730
Email: ROOF@kincommunications.com
Cautionary Statement on Forward-Looking Information
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.
This press release may contain forward‐looking information within the meaning of applicable securities legislation, which forward‐looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements concerning: (i) completion of the Empower Calgary Facility; (ii)continued delivery of waste shingles from Ecco Recycling; (iii) the commissioning and ongoing operations of the Empower Calgary Facility; and (iii) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America.Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company as well as those risks and uncertainties which are more fully described under the heading "Risk Factors" in the final prospectus of the Company dated June 18, 2021 and in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR. Further, the ongoing labour shortages, high energy costs, inflationary pressures, rising interest rates, the global financial climate and the conflicts in Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. These forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update these forward-looking statements.
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SOURCE Northstar Clean Technologies Inc.
