Earnings release
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Ⓡ NORTHSTAR CLEAN TECHNOLOGIES NORTHSTAR REPORTS THIRD QUARTER 2021 FINANCIAL RESULTS , ANNOUNCES DETAILS FOR VIRTUAL INVESTOR WEBCAST AND ANNOUNCES DATE OF ANNUAL GENERAL AND SPECIAL MEETING - VANCOUVER , British Columbia – November 24 , 2021 – Northstar Clean Technologies Inc. ( TSXV : ROOF ) ( “ Northstar ” or the “ Company ” ) is pleased to announce that today it has filed on SEDAR its financial statements and MD & A for the fiscal third quarter of 2021. The Company is also pleased to announce that it plans to host a virtual investor webcast to discuss these quarterly results and to provide a business update to the investment community on Monday , November 29 , 2021 at 2:00 pm PST / 5:00 pm EST . Details are provided below . Mr. Aidan Mills , CEO of Northstar , commented , “ This quarter has set the stage for Northstar's future . Following our successful listing on the TSX Venture Exchange in July , we set out to lay the foundation to steady state production , while also taking the time to independently verify the quality of our output and further enhancements that can be made to our proprietary process . These foundational milestones were the building blocks for our major achievements since the end of the quarter , which include successful commissioning runs at the Empower Facility in Delta , BC , selection of BBA as our consulting engineers and the independent life - cycle assessment to assess our carbon footprint at the Empower Facility . The life - cycle assessment quantifies what we have always believed : that the Northstar process recovering primary components from single - use asphalt shingles is a ‘ circular ' process that significantly reduces greenhouse gas emissions associated with virgin asphalt production and landfill disposal , marking an industry first . " Q3 2021 Highlights • Northstar's common shares and common share purchase warrants as part of the direct listing commenced trading on the TSX Venture Exchange under the ticker symbol “ ROOF " and " ROOF.WT " , respectively . • Announced Mr. Aidan Mills as new Chief Executive Officer of Northstar . • Received preliminary testing results from an independent third - party laboratory that found that the quality and penetration rate of the recovered liquid asphalt to be well within the range of acceptability for sale to a potential end - use customer . • Engaged Wellington Dupont Public Affairs ( “ Wellington ” ) to lead government engagement on the reduction of single - use asphalt shingle disposal into landfills across Canada . Wellington will support federal , provincial , and municipal engagement on the execution of the Northstar's expansion plans across North America , in addition to evaluating various potential non - dilutive funding strategies , including government grants , to support expansion plans . • • Commenced a Request for Proposal ( “ RFP ” ) process with three independent engineering firms for the engineering design study to advance the national rollout strategy for single - use asphalt shingle repurposing facilities . Began a detailed market analysis to identify potential site locations across Canada for its first expansion facility that will be prioritized based on a variety of criteria .