Northstar Announces Draw of $2.7 Million from BDC Project Loan Facility and Timing of Q3 2024 Investor Webinar | Northstar Clean Technologies
Summary
The Company expects to continue drawing down on the BDC Facility as the Empower Calgary Facility progresses through to completion.The Company will host a virtual investor webcast to discuss its third quarter 2024 results and to provide a business update to the investment community on Monday, December 2, 2024 at 14:00 PDT / 17:00 EDT. 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 TSX Venture Exchange ("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. Forward-looking statements in this press release include, but are not limited to, statements concerning: (i) operation of the Empower Calgary Facility and continuing to draw down on the BDC Facility as the project progresses; (ii) the Companys plans for reprocessing asphalt shingle waste; and (iii) Northstars ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. 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.