Northstar Clean Technologies Inc., trading under the ticker symbols TSXV: ROOF and OTCQB: ROOOF, has recently celebrated a remarkable achievement by being listed among the top 50 companies on the TSX Venture Exchange (TSXV) for the year 2024. This honor is particularly significant in light of Northstar's commitment to sustainability and innovation within the clean technology sector.
The TSX Venture 50 is a prestigious ranking that highlights the top performers from over 1,600 listed issuers on the TSXV. This ranking evaluates companies based on three critical factors: market capitalization growth, share price appreciation, and trading volume. In 2024, the selected companies demonstrated an astounding average share price appreciation of 207%, showcasing a clear upward trend in investor confidence. This marks a substantial increase from the previous year's 121% and even from 73% in 2022. Notably, Northstar’s stock surged by an impressive 220%, climbing from $0.125 at the beginning of the year to $0.40 by the end.
Aidan Mills, the President and CEO of Northstar, expressed pride in this recognition, stating, "It is an honor to receive this award for the share performance of Northstar in 2024. We believe we are laying the foundations for success in 2025 and beyond with operations commencing at our inaugural waste-to-value asphalt shingle reprocessing facility in Calgary, alongside plans for subsequent facilities across North America."
Northstar Clean Technologies is dedicated to revolutionizing the way asphalt shingles are recycled. The company has developed a proprietary process to reclaim and reprocess discarded asphalt shingles that would otherwise occupy valuable space in landfills. This process extracts liquid asphalt, aggregate, and fiber, utilizing these materials in various applications, including the production of new asphalt shingles and construction materials. The focus on a circular economy differentiates Northstar in the clean tech arena, ensuring that valuable resources are not wasted but rather repurposed effectively.
Located in Calgary, Alberta, Northstar plans to be at the forefront of trends in the recovery and reprocessing of asphalt shingles throughout North America. The company’s overarching goal is to address a critical environmental issue while meeting market demands, thus benefitting investors, stakeholders, and the planet alike. As it moves forward, Northstar aims to sustain and build on this momentum to enhance its market position and operational capacity in the coming years.
With this recognition by the TSX Venture Exchange, Northstar Clean Technologies is positioned as a leading innovator not only in technology but also in sustainable practices that contribute to environmental responsibility. Investors and communities alike are closely watching the company’s progress as it embarks on this exciting journey towards a more sustainable future.
To find more detailed information about Northstar's performance and future plans, interested parties can refer to
www.tsx.com/venture50 or visit Northstar's official website at
www.northstarcleantech.com.
In summary, Northstar's recognition on the TSX Venture Exchange highlights the increasing importance of sustainability in business practices, showcasing how innovative technologies can drive significant growth while addressing key environmental challenges.