#Canada #Calgary #Northstar Clean Technologies #asphalt recycling #Calgary Facility

Northstar Clean Technologies Reports Q2 2025 Financial Results

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) has recently published its financial and operational results for the second quarter (Q2) of 2025. This report highlights significant advancements and milestones achieved by the company, emphasizing its commitment to revolutionizing the asphalt recycling industry.

Key Developments in Q2 2025

Patent Acquisition

One of the pivotal achievements for Northstar during this quarter was securing a second Canadian patent for its cutting-edge asphalt reprocessing technology. This development not only reinforces Northstar’s position as a pioneer in the waste-to-value sector but also extends its competitive advantage until at least 2042. The company currently holds two additional patents in the U.S. and an earlier Canadian patent, demonstrating its ongoing innovation and potential for growth in the asphalt recycling market.

Successful Commissioning at Calgary Facility

Significant announcements were made regarding the Calgary Empower Facility. On April 21, 2025, Northstar confirmed the successful completion of the facility’s water-based front-end process which produces specification-segregated aggregate. Following this, on July 10, 2025, the firm announced the successful commissioning of the hydrocarbon-based back-end process, leading to the delivery of a high-quality asphalt product. This achievement marks a major step forward, indicating the facility’s capacity to exceed previous asphalt specifications, especially for shingle-oil feedstock.

Financial Support and Milestone Achievements

In terms of financial maneuvers, Northstar celebrated the completion of Milestone 2 as part of its agreement with Emissions Reduction Alberta (ERA), leading to the acquisition of $3.9 million. This milestone was tied to the completion of construction at the Calgary Facility. Additionally, on May 20, the company announced the final draw from the Business Development Bank of Canada's Project Loan Facility, amounting to $617,698, which is set for amortization over the next 13 years.

Letter of Interest from Export Development Canada

Moreover, on June 30, 2025, Northstar received a non-binding letter of interest from Export Development Canada (EDC) regarding potential financial backing for its inaugural shingle reprocessing facility in the United States. This support could extend to funding for up to three additional facilities, reflecting EDC’s confidence in Northstar’s business model and operational strategy.

Financial Overview

The financial results for the three months ending June 30, 2025, reveal a comprehensive loss amounting to CAD 3,130,135, compared to a loss of CAD 1,375,777 during the same period in the previous year. The net cash flow utilized in operating activities rose to CAD 918,205 from CAD 605,773 in Q2 2024. Furthermore, the outstanding shares have increased to 137,476,985 from 127,432,533 year-over-year, indicating a growing interest in the company from investors.

Looking Ahead: Investor Conference Call

Northstar will host a virtual investor webcast on September 10, 2025, at 2:30 MDT/4:30 EDT, where management will detail the operational updates and financial results, including progress towards reaching production thresholds at the Calgary Facility. Shareholders and interested stakeholders are encouraged to register for this important event via the provided registration link.

Conclusion

Northstar Clean Technologies is strategically positioned within the asphalt recycling industry, focused on sustainability and value recovery. With significant milestones achieved in Q2 2025 and a clear plan for the upcoming investor call, Northstar is dedicated to leading the charge toward a circular economy through innovative technology and thoughtful operational expansions. Stakeholders are optimistic about the company's future, as it continues to pave the way for environmentally responsible asphalt recycling.