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Northstar Clean Technologies Secures Final Draw of $617,698 from BDC

Northstar Clean Technologies Inc., listed on TSXV as ROOF and OTCQB as ROOOF, has announced a significant milestone as it completes all necessary criteria for a non-revolving senior secured project loan facility through the Business Development Bank (BDC). This development was revealed on May 20, 2025, marking an important step forward for the company in its mission to revolutionize the asphalt shingle recovery and reprocessing sector.

The final draw consisted of $617,698, which includes a hold-back amount of $250,000. With this last allocation from the total facility amount of $8.75 million, Northstar is now fully able to enhance its operational capacity at the Empower Environmental Solutions facility located in Calgary, Alberta.

Financial Strategy and Operational Growth

The received funds will be used to bolster the company's cash reserves and are specifically earmarked for ongoing commissioning efforts at the Empower Calgary facility. At this stage, the initial half of the facility's commissioning has concluded successfully, paving the way for the team to focus on finalizing the latter sections.

The financial injection will not only support operational expenses but also assist in the ramp-up of facility operations slated to commence in mid-2025. This strategic decision aligns with Northstar’s commitment to providing sustainable solutions in asphalt shingle recycling, contributing positively to both environmental goals and economic performance.

Northstar’s Commitment to Sustainability

Northstar has carved out a niche in the clean tech sector, concentrating on the sustainable recovery of asphalt shingles—a material often overlooked and sent to landfills. The proprietary process developed by Northstar allows them to extract valuable liquid asphalt from discarded shingles, which can then be utilized in producing new asphalt products. Additionally, The company recovers aggregate and fiber, further emphasizing its commitment to a circular economy.

With the ongoing global push for more sustainable practices, Northstar is positioned as an innovator, leading the way to recover and reprocess materials that would otherwise contribute to significant waste production. Their approach conflicts with traditional waste management practices that encourage the disposal of these materials.

Future Outlook

Looking ahead, Northstar aims to establish its first commercial scale facility in Calgary, which is expected to serve not just local markets but also pave the way for expansion opportunities across North America. The company focuses on the fundamental goals of reducing landfill waste and promoting recycling within the asphalt industry. As the commissioning progresses, Northstar anticipates becoming a significant player in the North American market, driven by their sustainability mission and innovative processing capabilities.

Given the challenges that lie ahead, including securing additional financing and navigating an evolving economic landscape, Northstar remains optimistic about its future. Stakeholders and investors are encouraged to stay informed as the company continues to update its progress toward operational launches and beyond.

For more information about Northstar Clean Technologies, interested parties can visit their official website at www.northstarcleantech.com, where detailed insights about their projects and initiatives are shared.

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This article reflects Northstar's current status and forward-looking statements subject to various risks and uncertainties. Investors should review the company’s filings for a comprehensive understanding of potential challenges faced.