Northstar Receives Second Government Grant of $100,000 from Alberta Innovates for Engineering Costs of Empower Calgary Facility
Summary
Having now completed the detailed design phase of our Empower Calgary Facility, and having Alberta Innovates recognize this accomplishment with their second government grant is very complimentary to the Company. We ignite the power of innovation through our work with researchers, industry and entrepreneurs to move Alberta to a lower-carbon future, promote the responsible use of land and water, and contribute to the improved health and well-being of Albertans. 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, Northstars 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 MillsPresident & CEO, DirectorNeither 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. 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 Companys operating performance, financial position, and future prospects.