#United States #Baltimore #NorthStar #asphalt

Northstar Clean Technologies Announces U.S. Expansion

Northstar Clean Technologies Inc. has officially chosen Baltimore, Maryland, as the location for its inaugural commercial facility in the United States. This announcement marks a significant milestone for the Canadian company, known for its innovative waste-to-value technology focusing on the sustainable recovery and reprocessing of asphalt shingles.

A non-binding agreement has been reached to secure a 54,000 square foot building along with three additional acres for operational needs. The terms include a ten-year lease with three five-year renewal options, enabling Northstar to begin operations by the second half of 2027. The facility is strategically located near a TAMKO Building Products asphalt shingle production site in Frederick, Maryland, facilitating a robust partnership and streamlined operational logistics.

President and CEO Aidan Mills expressed enthusiasm about this expansion, citing it as a crucial step in fulfilling Northstar's objectives within the U.S. market. The Baltimore site not only offers the necessary space to avoid the complexities of building a new structure but also benefits from the lucrative potential of the surrounding area, reinforced by favorable market conditions and logistical efficiencies.

The company has begun the permitting process, paving the way for the regulatory approvals needed to move forward with construction. This facility is crucial for Northstar's growth strategy, as it aims to provide significant quantities of asphalt products to TAMKO, further solidifying their partnership.

Mills commented, “We are entering a transformational phase for Northstar, emphasizing our commitment to innovation in asphalt recycling. Our partnership with TAMKO exemplifies the increasing interest from strategic partners in the U.S., who recognize the long-term potential of our circular asphalt shingle reprocessing model.”

In conjunction with this expansion announcement, Northstar has also engaged in share issuance transactions as part of their debt management strategy. This involves converting a portion of their convertible debentures into common shares, reflecting confidence in the company's long-term viability.

As Northstar transitions into the U.S. market, the firm remains focused on sustainability and circular economy practices, aiming to lead the recovery and reprocessing of asphalt shingles that would otherwise end up in landfills. Their proprietary design process extracts liquid asphalt and other reusable materials from discarded shingles, enhancing the company's position as an innovator in sustainable materials processing.

Looking ahead, the successful launch of the Baltimore facility will not only serve Northstar's operational goals but is also anticipated to drive positive cash flow and further investor engagement. As the company navigates this important phase, they emphasize their commitment to transparency and strategic growth, ensuring that all actions align with their vision of a sustainable future.

For more information about Northstar Clean Technologies and their innovative processes, visit Northstar's website.