Northstar Clean Technologies Inc. Secures $3.6 Million for Commercial Expansion

In a significant development for the Canadian industrial sector, Northstar Clean Technologies Inc., a pioneering roofing material recovery company, has successfully closed a $3.6 million funding round. This strategic move is set to propel the company into commercial operations and support its expansion plans, including the development of new facilities in Hamilton and the United States.

Based in Delta, Northstar Clean Technologies specializes in extracting valuable components from single-use asphalt shingles, diverting them from landfills and contributing to a more sustainable environment. The company’s innovative approach has positioned it as a leader in the roofing material recovery industry, serving customers across North America.

The funding, announced on July 28, 2025, was achieved through a non-brokered private placement of 11,926,664 units, each priced at $0.30. This financing round is a crucial step for Northstar as it transitions from its developmental phase to full-scale commercial operations. The funds will also support ongoing business development efforts, particularly focusing on the Hamilton facility and the establishment of the company’s first U.S. site.

Each unit sold in the placement consists of one common share and one purchase warrant, allowing the holder to acquire an additional common share at an exercise price of $0.45 per warrant share over the next 36 months. This structure not only provides immediate capital but also aligns the interests of new investors with the company’s long-term growth.

The proceeds from this financing are earmarked for several key initiatives. Primarily, they will support the ramp-up of production at Northstar’s Calgary facility, aiming to meet the Emission Reduction Alberta’s Milestone 3 production threshold of over 80 tonnes per day. This milestone is critical for the company as it seeks to enhance its operational capacity and environmental impact.

Additionally, the funds will cover business development costs, enabling Northstar to expand its footprint and solidify its presence in the North American market. This expansion is expected to drive growth and increase the company’s market share in the roofing material recovery sector.

Despite a challenging financial landscape, as indicated by a negative price-to-earnings ratio of -4.36 and a market capitalization of 51.55 million CAD, Northstar’s strategic funding round reflects investor confidence in its business model and growth potential. The company’s stock, listed on the TSX Venture Exchange, closed at 0.36 CAD on July 24, 2025, showing resilience in a fluctuating market.

As Northstar Clean Technologies Inc. embarks on this new chapter, the company remains committed to its mission of transforming waste into valuable resources, contributing to a more sustainable future. With this substantial funding, Northstar is well-positioned to achieve its commercial objectives and continue its journey towards environmental innovation and leadership in the industry.