Q2 2024 Highlights
Received approval and $1.34 million in funding from the Government of Alberta's TIER Fund through Emissions Reduction Alberta ("ERA") for the first grant funding milestone
Accelerated the Phase 2A investment from TAMKO Building Products ("TAMKO") and closed a US$1.8 million private placement of convertible debentures
Announced a three-year asphalt shingle supply agreement with Ecco Recycling & Energy Corporation ("Ecco Recycling")
Closed a strategic investment of $2.25 million from two Calgary-based strategic investors, including the Chiu Family of Trico Homes and Trico Communities, and appointed Mr. Patrick Chiu to the Board of Directors
VANCOUVER, BC and CALGARY, AB, Aug. 29, 2024 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV:ROOF) (OTCQB:ROOOF) ("Northstar" or the "Company") is pleased to announce that it has filed its second quarter 2024 unaudited financial statements and management's discussion and analysis for the three months ended June 30, 2024 on the Company's SEDAR+ profile at www.sedarplus.ca. These documents are also available on the Company's website at www.northstarcleantech.com.
Mr. Aidan Mills, President & CEO and Director of Northstar, stated, "While our transformative $14.0 million royalty transaction with CVW CleanTech Inc. has garnered significant attention, it is crucial to recognize the substantial progress made in the second quarter. Securing approval from Emissions Reduction Alberta for our first milestone and receiving $1.34 million in funding represents a critical advancement for our Empower Calgary Facility. Additionally, our three-year asphalt shingle supply agreement with Ecco Recycling is underway."
"Our strategic partnership with TAMKO Building Products has also gained momentum, highlighted by the early closure of the US$1.8 million Phase 2A investment in convertible debentures. We have jointly identified TAMKO's
