VANCOUVER, BC and CALGARY, AB, April 22,
2024 /CNW/ - Northstar Clean Technologies Inc. (TSXV:
ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to
announce that it has received the first delivery of waste shingles
to its planned asphalt shingle reprocessing facility in
Calgary, Alberta (the "Empower
Calgary Facility") as part of a three-year supply agreement with
Ecco Recycling & Energy Corporation ("Ecco Recycling"), a
leading Calgary-based waste
diversion provider. The supply agreement with Ecco Recycling was
previously announced by the Company on April
18, 2024.
This first delivery from Ecco Recycling is part of Northstar's
broader 2024 shingle collection plan. Northstar now has two supply
agreements in place and will continue to work with other shingle
supply partners for the Empower Calgary Facility.
Mr. Aidan Mills, President &
CEO and Director of Northstar, stated, "We are thrilled to see the
swift progress of our partnership with Ecco Recycling, as evidenced
by the arrival of our initial delivery of asphalt shingles. This
marks the commencement of our pre-commissioning volume deliveries
from Ecco Recycling, a pivotal step in our collaboration that will
continue post-commissioning. The support and commitment to
sustainability by the local community is further solidified by this
being our second supply agreement for the Empower Calgary Facility,
following our earlier transaction with IKO Industries Ltd.
announced on January 8, 2024. With
these agreements in place, we are in a strong supply position to
support the commissioning and ongoing operations of the Empower
Calgary Facility."
About Northstar
Northstar Clean Technologies Inc. is a Canadian clean technology
company focused on the sustainable recovery and reprocessing of
asphalt shingles. Northstar has developed a proprietary design
process for taking discarded asphalt shingles, otherwise destined
for already over-crowded landfills, and extracting the liquid
asphalt for use in new hot mix asphalt, shingle manufacturing and
asphalt flat roof systems, and aggregate and fiber for use in
construction products and other industrial applications. Focused on
the circular economy, Northstar plans to reprocess used or
defective asphalt shingle waste back into its three primary
components for reuse/resale at its first commercial scale up
facility in Calgary, Alberta. As
an emerging innovator in sustainable processing, Northstar's
mission is to be the leader in the recovery and reprocessing of
asphalt shingles in North America,
extracting the recovered components from asphalt shingles that
would otherwise be sent to landfill.
For further information about Northstar, please visit
www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Northstar Investor Relations Inquiries:
Kin Communications
Phone: 604 684 6730
Email: ROOF@kincommunications.com
Cautionary Statement on Forward-Looking Information
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release. The
TSXV has neither approved nor disapproved the contents of this
press release.
This press release may contain forward‐looking information
within the meaning of applicable securities legislation, which
forward‐looking information reflects the Company's current
expectations regarding future events. Forward-looking statements
are often identified by the words "may", "would", "could",
"should", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" or similar expressions. Forward-looking
statements in this press release include, but are not limited to,
statements concerning: (i) completion of the Empower Calgary
Facility; (ii) continued delivery of waste shingles
from Ecco Recycling; (iii) the commissioning and ongoing operations
of the Empower Calgary Facility; and (iii) Northstar's ability to
become a leader in the recovery and reprocessing of asphalt
shingles in North
America. Such statements are subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements, including risks related to factors beyond the control
of the Company as well as those risks and uncertainties which are
more fully described under the heading "Risk Factors" in the final
prospectus of the Company dated June 18,
2021 and in the Company's annual and quarterly management's
discussion and analysis and other filings with the Canadian
securities regulatory authorities under the Company's profile on
SEDAR. Further, the ongoing labour shortages, high energy costs,
inflationary pressures, rising interest rates, the global financial
climate and the conflicts in Ukraine and Palestine and surrounding regions
are some additional factors that are affecting current economic
conditions and increasing economic uncertainty, which may impact
the Company's operating performance, financial position, and future
prospects. Collectively, the potential impacts of this economic
environment pose risks that are currently indescribable and
immeasurable. Readers are cautioned that forward-looking statements
are not guarantees of future performance or events and,
accordingly, are cautioned not to put undue reliance on
forward-looking statements due to the inherent uncertainty of such
statements. These forward-looking statements are made as of the
date of this news release and, unless required by applicable law,
the Company assumes no obligation to update these forward-looking
statements.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/northstar-receives-first-delivery-of-asphalt-shingles-from-ecco-recycling-at-empower-calgary-facility-302122739.html
SOURCE Northstar Clean Technologies Inc.