Latest news with #Northstar
Cision Canada
3 days ago
- Business
- Cision Canada
Northstar Announces Closing of $3.6 Million in Funding for Transition to Commercial Operations and Future Facility Business Development
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW CALGARY, AB, July 28, 2025 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF, OTCQB: ROOOF) (" Northstar" or the " Company") is pleased to announce the closing of a non-brokered private placement of 11,926,664 units of the Company (each, a " Unit") at a purchase price of $0.30 per Unit for aggregate gross proceeds of approximately $3.6 million (the " Financing") to transition the Company to commercial operations and fund ongoing business development efforts for Hamilton and the first US site. The Financing's key terms include: Each Unit consists of one common share of the Company (each, a " Common Share") and one Common Share purchase warrant (each, a " Warrant") with each such Warrant entitling the holder thereof to acquire one additional Common Share (each, a " Warrant Share") at an exercise price of $0.45 per Warrant Share for a period of 36 months following closing of the Financing; Use of proceeds: Support the forecasted production ramp of the Calgary facility to achieve the near-term objective of Emission Reduction Alberta's Milestone 3 production threshold of greater than 80 tonnes per day, business development costs for Hamilton and the first US site, and general corporate purposes; Insider and other key management represented approximately 10% of the Financing, evidencing financial support by leadership personnel. In addition, nearly 50% of the Financing was subscribed by existing shareholders, excluding Insiders, further evidencing support of the Company's robust business model; Several subscriptions, excluding those allocated to various Insiders (as such term defined by the policies of the TSX Venture Exchange (" TSXV"), were sourced through certain finder's fee arrangements. Pursuant to these arrangements, the Company paid finder's fees in the aggregate amount of $179,337 and issued 597,787 non-transferable broker warrants (each, a " Broker Warrant") to Leede Financial Inc, with a minor amount of that aggregate to Research Capital Corporation, with each Broker Warrant exercisable for a period of 36 months following the closing date of the Financing and entitling the holder thereof to acquire one Common Share at an exercise price of $0.30 per Common Share; and Assuming full exercise of the Warrants and Broker Warrants, an additional $5.5 million would be deposited into the Company's treasury. "We are delighted by the continued support of Northstar's vision by both our existing long-term and now new strategic shareholders of the Company," commented Aidan Mills, President & CEO. "This infusion of capital will support both the transition to commercial operations for the Calgary facility and the continued business development of our expansion targets. With our technology proven, we are fast approaching the inflection point characterized by commercial production in Calgary and expansion plan certainty for Hamilton and US#1." A total of 24,451,115 securities were issued pursuant to the Financing, including 11,926,664 Common Shares, an equivalent number of Warrants and 597,787 Broker Warrants. Following completion of the Financing, 149,403,649 Common Shares are issued and outstanding. All securities issued in connection with the Financing are subject to a four month and a day statutory hold period expiring November 26, 2025, in accordance with applicable securities legislation. While the Company has received conditional approval of the Financing from the TSXV, closing remains subject to final acceptance by the TSXV. The participation of the Insiders in the Offering is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The issuance to the Insiders of the Units is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(a) and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101, as the fair market value of the consideration of the securities issued to the related parties did not exceed 25% of the Company's market capitalization. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act any application state securities laws. About Northstar Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting 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 with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on For further information about Northstar, please visit On Behalf of the Board of Directors, Aidan Mills President & CEO, Director Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange 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", "aim", "objective", seeks or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements concerning: (i) Northstar's plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; (ii) future proceeds upon Warrant exercise; (iii) the anticipated use of proceeds of the Financing; (iv) proceeds from the Financing being sufficient to meet Emission Reduction Alberta Milestone 3 production threshold; (v) the receipt of final acceptance from the TSXV for the Financing; (vi) Northstar's ability and plans related to future capital raising and expansion activities; and (vii) 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; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" 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+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. SOURCE Northstar Clean Technologies Inc.
Travel Weekly
22-07-2025
- Business
- Travel Weekly
Sponsored Video: The Latest Updates On a New Private Island Destination
Sponsored Video: The Latest Updates On a New Private Island Destination | Janet Wygert, the newly promoted Senior Vice President of Sales and Trade Marketing for Carnival Cruise Line, shares her passion for the cruise industry and her dedication to travel advisors. She also provides insight into her plans for her 38th year in the Carnival family as she leads her growing trade sales team. Janet chats with Northstar's EVP of Marketing and Partnerships, Mary Pat Sullivan, to share the latest developments, the new Funnel Favs program for advisors and all the latest updates on the new private island destination, Celebration Key.
Yahoo
12-07-2025
- Lifestyle
- Yahoo
Home near Lake Tahoe on a Fazio golf course is on sale for $13.7M ... and it's stunning
This is a magical time of year in the Lake Tahoe area, as the American Century Championship attracts top celebrities to the region this week, soon to be followed by the Barracuda Championship, an alternate-field PGA Tour event for years. And there's plenty more to the area, which enjoys crisp air, picturesque mountain views, world-class skiing along with the incredible summer golf. A home that hit the market highlights the best of the region, including a view of the Lake Tahoe Martis Camp course that architect Tom Fazio said is one of the best he's ever designed. Here's more from the listing: Framed by floor-to-ceiling windows and expansive patios and verandas, this 5,996-square-foot Martis Camp estate is a front-row seat to some of the community's most iconic sights — from the serene Fazio golf practice field and nearby putting green to the dramatic shoulders of Sawtooth and Lookout Mountain at Northstar California Resort. Whether you're waking up in one of the six spacious bedrooms, lounging in the great room, or relaxing in the media room with panoramic glass, one question will linger: where will your eyes and imagination land next? Clad in reclaimed barnwood and basalt stone, the home blends seamlessly into its alpine setting while offering striking contemporary design and indoor-outdoor living at its finest. Oversized glass doors slide away to merge interior and exterior living spaces, making every gathering a scenic experience — be it summer golf watching or winter slope spotting. Inside, the great room impresses immediately with a soaring fireplace and a wall of windows that command attention before you can even say 'wow.' A cozy game nook anchors one corner, while the dining room and chef's kitchen—with its statement island and sunlit design — invite both quiet mornings and lively entertaining. Just off the main hall, discover a private office, guest suite, and a luxurious primary retreat that boasts unobstructed views of the golf practice field and direct access to a nearby putting green. And here's a look at some photos of the home: This article originally appeared on Golfweek: Home near Lake Tahoe on a Fazio golf course is on sale for $13.7M
Cision Canada
10-07-2025
- Automotive
- Cision Canada
Northstar Calgary Facility Produces First Liquid Asphalt - Releases Construction & Commissioning Video #6
CALGARY AB, July 10, 2025 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (" Northstar" or the " Company") is extremely pleased to announce that its inaugural asphalt shingle reprocessing facility in Calgary, Alberta (the " Empower Calgary Facility" or the " Facility") has produced its first liquid asphalt. All the major processing units at the Facility have now been commissioned, demonstrating an important derisking of the Company's technology and intellectual property. Details of this achievement are included in the release of the Company's sixth episode in its construction and commissioning update video series. The sixth episode marks the culmination of commissioning efforts for the Facility to process material from the beginning to the end of the plant and successfully produce liquid asphalt. As has been communicated in prior releases, the 'front-end' of the plant was fully commissioned early in the second quarter of 2025 and with today's announcement, the Company has fully commissioned the hydrocarbon processing 'back-end' of the Facility. Further ramp-up of commissioning volumes will ensue in the short-term with the target to achieve the Emission Reduction Alberta (" ERA") Commissioning Milestone 3 volume of 80 tonnes/day. Samples taken from the last stage of the process were delivered to an independent laboratory testing facility to measure qualities within the liquid asphalt. Results from those preliminary tests indicate asphalt quality that is significantly better than the Delta pilot plant product and will satisfy requirements contained in a number of the Company's commercial agreements. "This video update is the most important one in the Company's history," stated Aidan Mills, President & CEO. "The asphalt produced in Calgary is the highest quality we have ever produced demonstrating that our technology works which is an important step in de-risking the business. From here, we will increase production levels to not only meet the ERA Milestone 3 threshold but move beyond that to name plate capacity for the Facility. It is with great pride that we make this announcement and I wish to thank everyone involved to this point in delivering such an outstanding outcome both for Northstar and its shareholders." The sixth episode is available on the Company's YouTube channel at the link below: Incentive Compensation Grant In accordance with the Company's annual incentive compensation program, the Company intends to grant a total of 2,422,766 stock options to directors, officers, employees and select consultants at an exercise price of $0.335 with a term of five years from the date hereof. Additionally, 538,702 restricted share units and 1,197,391 performance share units were granted to certain of the directors, officers and employees of the Company. All incentive compensation granted is in accordance with the Company's approved equity incentive plan and the grants are subject to TSX Venture Exchange approval. About Northstar Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting 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 with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on For further information about Northstar, please visit On Behalf of the Board of Directors, Aidan Mills President & CEO, Director Cautionary Statement on Forward-Looking Information 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" "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) the delivery of the Empower Calgary Facility; (ii) future ramp up of production volumes and ability to achieve ERA commissioning target of 80 tonnes/day and ultimately move to plant name-plate capacity; (iii) preliminary quality specifications from both internal and independent testing; (iv) administration of its annual incentive compensation program; and (v) 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; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" 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+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
Yahoo
30-06-2025
- Business
- Yahoo
Northstar Announces Receipt of Letter of Interest on Potential Funding for up to Four United States Asphalt Shingle Reprocessing Facilities
CALGARY, AB, June 30, 2025 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that after positive discussions, we received a non-binding Letter of Interest ("LOI") from Export Development Canada ("EDC") for EDC to provide potential financial support, subject to the successful completion of its due diligence process, for the Company's first planned shingle reprocessing facility in the United States ("US Facility#1") and subject to a number of conditions and outcomes, potential funding support for an additional three Northstar processing facilities in the United States. Similar to the non-revolving secured debt facility outstanding with the Business Development Bank of Canada ("BDC") associated with the Company's Empower Calgary Facility, the LOI represents project financing where the security package, financial covenants and debt servicing requirements are directly attributable to the US Facility#1 itself. The LOI stipulates EDC to maintain a first ranking, or senior secured position, on the underlying assets with the ability to co-lend with other debt providers. EDC could extend credit up to C$12.5 million. Financial and reporting covenants, guarantees and pricing would apply and will be finalized as part of ongoing discussions. EDC due diligence will require, among other matters, sufficient comfort on the commercialization of the Empower Calgary Facility, which is nearing commissioning completion, completion support for US Facility#1 involving cost overrun protections, and equity contributions from one or more parties prior to any draws under an EDC debt facility. "While still early days, we are very encouraged by EDC's interest to potentially provide financial support for our growth aspirations in the United States," stated Aidan Mills, President & CEO. "The United States represents a significant market for Northstar and we continue to advance site selection, permitting and securing long-term supply agreements, for a number of US locations. These efforts are in line with our existing liquid asphalt off-take arrangements for the first four facilities in the United States with TAMKO Building Products LLC. Our international growth objectives align seamlessly with EDC's mandate and we look forward to a long and prosperous partnership." "The LOI from EDC could ultimately lead to a foundational funding vehicle for Northstar's US capital strategy," commented Greg Phaneuf, VP Corporate Development & CFO. "Northstar's business model lends itself to prudent leverage to materially reduce our project cost of capital, thereby enhancing returns for our shareholders. We look forward to working with EDC to crystallize funding terms as part of our larger growth capital initiatives." About Northstar Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting 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 with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on For further information about Northstar, please visit On Behalf of the Board of Directors,Aidan MillsPresident & CEO, Director Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange 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", "aim", "objective" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) Northstar's plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; (ii) EDC to potentially provide financial support for the Company's first US located facility in addition to a further three US located facilities, (iii) EDC to fund up to C$12.5 million on the first US located facility; (iv) efforts with respect US site selection, permitting and securing long-term supply agreements; (v) anticipated completion of the Empower Calgary Facility; (vi) Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America; and (vii) future capital raising opportunities and commitments. 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; inability of the Company to execute on its business plans; changes in business plans and strategies of the Company; the Company may require additional financing which may not be obtainable or on favourable terms; risk inherent to any capital financing transactions; economic uncertainty; and the risks and uncertainties which are more fully described under the heading "Risk Factors" 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+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. View original content to download multimedia: SOURCE Northstar Clean Technologies Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
