Northstar to Present at 2022 Asphalt Roofing Manufacturers Association Spring Committee & Board Meeting Series in Kansas City - InvestingNews.com

Northstar Clean Technologies Inc. (TSXV: ROOF), (OTCQB: ROOOF) (“Northstar” or the “Company”) has announced that it will be presenting at the 2022 Asphalt Roofing Manufacturers Association (“ARMA”) Spring Committee & Board Meeting Series. The Company’s presentation “Repurposing Asphalt Roofing Materials” will highlight the Company’s important contribution to the fight against landfill waste. The presentation is scheduled for April 26, 2022 at 8:30 am Central Time . Speaking at this event from Northstar will be the following:
Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)
The 2022 ARMA meetings are being held in person in Kansas City, Missouri , from April 25-28, 2022 , and will also be made available virtually for those who are unable to attend in person.
The Asphalt Roofing Manufacturers Association (ARMA) is a trade association representing North America’s asphalt roofing manufacturing companies and their raw material suppliers. The association includes the majority of North American manufacturers of asphalt shingles and asphalt low slope roof membrane systems. Information that ARMA gathers on modern asphalt roofing materials and practices is provided to building and code officials, as well as regulatory agencies and allied trade groups. Committed to advances in the asphalt roofing industry, ARMA is proud of the role it plays in promoting asphalt roofing to those in the building industry and to the public.
For more information about ARMA and the 2022 Spring Committee & Board Meeting Series, visit www.asphaltroofing.org .
Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, 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 at its Empower Pilot Facility in Delta, British Columbia . As an emerging innovator in sustainable processing, Northstar’s 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 Mills
President & CEO, Director
Neither 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. The TSXV has neither approved nor disapproved the contents of this press release.
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SOURCE Northstar Clean Technologies Inc.

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Asphalt shingles are the most popular roofing material in North America. This represents the 4th largest category of construction waste. It is estimated that over 13 million tons of asphalt roofing shingles are disposed of each year in the United States, contributing to already over-crowded landfills. As costs for waste disposal and landfills pile up, companies are increasingly looking for methods to offset their carbon footprint. Luckily, they say one man’s trash is another man’s treasure.
Based on industry research, the Canadian and US markets for asphalt shingle recovery and repurposing are valued at US$1.35bn and US$7bn, respectively, according to a 2021 Global Markets Insights report. With the world shifting to more environmentally friendly solutions for waste reduction and recycling, investors could see significant upside by investing in emerging companies like Northstar where limited processing solutions exist for processing single-use asphalt shingles. Northstar aims to drive sustainable asphalt recovery to new innovative heights in the rapidly growing cleantech space.
Northstar Clean Technologies (TSXV:ROOF, TSXV:ROOF.WT,OTCQB: ROOOF) is a Vancouver-based clean technology company focused on the recovery and repurposing of single-use asphalt shingles. The Company has a fully constructed Empower Facility in Delta, British Columbia and a proprietary design process, which enables it for advancing expansion opportunities in the near future.
Northstar Clean Technologies Proprietary Process
Northstar is strongly positioned to potentially become a major innovative player in this particular niche of the clean technology space, having a binding off-take agreement for 100 percent of oil production with a strategic multi-national construction corporation. Northstar also has significant leverage with a first-mover advantage, as the first public company to repurpose asphalt shingles. Northstar’s mission is to become the leading asphalt shingle material recovery provider in North America, extracting 99 percent of the recovered components from single-use asphalt shingles that would otherwise be sent to a landfill.
Most importantly is the recovery of the liquid asphalt, which has seen its price soar to $820 per tonne in recent months, up from a low of $617 per tonne in late 2020. Pricing for liquid asphalt can be found here: http://www.onasphalt.org/mtopriceindex/index.html
At the Empower Facility, Northstar operates a proprietary design process and recovery capability for single-use asphalt shingles that would otherwise be sent to a landfill. Northstar’s major input and output revenue streams from tipping fees and three processed output products (liquid asphalt, fiber and aggregate), respectively, demonstrate the potential of Northstar’s unique business model.
Empower Facility
2022 will be an exceptionally exciting year for Northstar Clean Technologies as it completes the final stages of ramping up into commercial production at the Empower Facility. In the first half of 2021, the Company already completed a $12.24 million financing and in July 2021, the Company completed its listing onto the TSX Venture Exchange. Northstar offers investors a near-term revenue opportunity with the expected production commencement of its fully constructed Empower Facility in Delta, BC in Q1 2022.
With near-term revenue, a cashed up balance sheet and low expected capex on its first expansion facility, Northstar has a strong financial position, enabling the company to capitalize on expansion opportunities in both Canada and the United States in 2022 and beyond.
Northstar’s leadership team has a combined 280 years of experience across a strong team of industry professionals. Their operational and capital markets expertise primes the company for impressive economic growth and investment upside in a world rapidly shifting to clean technological solutions.
With the company’s proprietary Bitumen Extraction and Separation Technology (BEST), Northstar Clean Technologies aims to keep asphalt shingles from becoming waste materials in landfills and repurposing discarded shingles to manufacture new marketable products.
Northstar Clean Tech Revenue Model
Northstar Clean Technologies operates its Empower Facility located in Delta, BC. Strategically located near Highway 17 and Highway 99, Empower is easily accessible for roofing and waste hauling companies throughout Metro Vancouver.
Northstar has a significant existing stockpile of asphalt shingle material ready for processing and the equipment and infrastructure needed to commence operations on site. The facility is well-equipped for its commercial production.
Expansion Facility 1
James Currie has over 40 years of experience as a registered professional engineer with senior management, engineering and operations experience. He was the former COO of TSX and NYSE-listed Equinox Gold, Pretium Resources and New Gold. Mr. Currie holds a B.Sc. Degree from Queen’s University in Mining Engineering. He was also the 2014 co-winner of AME BC’s prestigious EA Scholtz Award for Excellence in Mine Development at the New Afton mine.
Mr. Mills is a highly experienced executive with over 30 years of global experience. He spent 19 years with British Petroleum (BP) PLC, which included roles from his start as a graduate control engineer through project and maintenance engineering, corporate strategy, United Kingdom commercial gas and power development, and North American origination, to a role as a senior vice-president in Calgary with accountability for trading, asset and customer development and management. Mr. Mills then spent five years as vice-president, commodity marketing and supply, with Husky Energy in Calgary and two years as managing director with Goldman Sachs. Following a role as vice-president, downstream, for MEG, Mr. Mills was most recently chief commercial officer at the Friesen Group of Companies, a privately owned Calgary business. Mr. Mills is a chartered engineer (CEng) (United Kingdom), and he holds a bachelor of engineering in electrical and electronics engineering from Edinburgh University and a master of business administration with distinction from the Edinburgh Business School.
Mr. Currie has 15 years of experience. He is the CIO, Managing Partner and Co-Founder of Capital Event Management (CEM) and CEM Capital ($10m+ in AUM). Incepted in 2010, CEM has organized 65 investment conferences to date that have been linked to over $1 billion in transactions. Mr. Currie orchestrated five go-public listings on the TSXV raising more than $60 million.
Gord Johnson has over 25 years of experience in building, growing & managing companies. He served with Northstar since its inception in 2015. Mr. Johnson was also the former CEO of Save Energy Walls, Lodgeview Entertainment and Intrepid Security.
Gregg Sedun has nearly 40 years of experience. Former Partner at the Vancouver law firm Rand Edgar Sedun and specialized in the practice of corporate finance and securities law. Current President & CEO of Global Vision Capital Corp. Founding Director of Diamond Fields Resources (sold to Inco for $4.3 billion), Adastra Minerals (sold to First Quantum Minerals for $275 million) and founding shareholder of Peru Copper (sold to Chinalco for $875 million).
James Borkowski has 25 years of experience, serving in executive roles for several private and public companies, and has specialized in operations, product development and strategic communications for clients including 7-Eleven, Caesar’s Palace, Fairmont Hotels and Target. Former CEO of Stonepoint.
Terry Charles has over 30 years of experience as a manager of several companies in the transportation industry. He has served with Northstar since its inception in 2015 and was the former president of Gemaco.
Ms. Rosemary Pritchard has joined Northstar as Chief Financial Officer (“CFO”). Ms. Pritchard intends to develop the Company’s financial strategy and structure with a focus on non-dilutive funding and growth. As well as bringing deep financial expertise, she will also have accountability for the Company’s human resources and information technology departments. Ms. Pritchard has 30 years of executive finance experience in a variety of industries. Her roles included 9 years in the construction industry in controllership and COO roles, 5 years in public practice at Grant Thornton LLP, 8 years as CFO of the national furniture retailer Urban Barn , a Vancouver -based company with over 50 locations and more than 650 employees.
Jim Bird is a professional engineer with over 35 years of experience in the construction industry in Western Canada and internationally. He has held various positions such as CEO, executive VP, VP and director with several major corporations. Mr. Bird has experience in all aspects of management with expertise in product development, performance management and asphalt manufacturing.
Carson Sedun has ten years of industry and capital markets experience. He is the principal of Annapurna Advisors and a former investment banking associate with Canaccord Genuity and Dundee Capital Markets. Mr. Sedun holds an MBA from the Schulich School of Business, a B.Com from McGill University and a Graduate Certificate in Mining Engineering from UBC.
Ms. Johnston brings a wealth of experience as a senior environment, social, and governance (“ESG”) practitioner. She brings with her a strategic understanding and experience of global sustainability issues with deep expertise in leadership, risk identification and mitigation, and strategy implementation. Ms. Johnston also has excellent team-building skills, demonstrated in her collaboration with local, national and international teams as well as advising and reporting sustainability subject matters to C-suites and Boards of Directors. She possesses great passion for the ESG and sustainability industry, and this dedication is accurately reflected in her deep knowledge of these sectors.
Highlights
Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (“Northstar” or the “Company”) is pleased to announce the results from its internal management-prepared economic analysis for its planned expanded-capacity asphalt shingle reprocessing scale up facility in Calgary, Alberta (“Calgary Empower Facility”). As part of the recently released independent front-end engineering design (“FEED”) study prepared by BBA Engineering Ltd. which provided a pre-feasibility level capital estimate for the planned Calgary Empower Facility, the Company completed a detailed internal financial analysis of the planned Calgary Empower Facility. The Company sensitized a broad range of both operational and financial assumptions to ultimately arrive on a conservative base case, which is provided here, as well as identify certain variables to provide potential upside. The results and major assumptions are provided below. All currencies quoted within this press release are in Canadian dollars.
Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)
Mr. Aidan Mills , President & CEO and Director of Northstar stated, “For a sustainable, environmental, social and governance-focused business to succeed, we believe it needs the following: Step 1) a technology that works; Step 2) the ability to scale up that technology; and Step 3) a clear and profitable commercialization strategy. Our steady state production of specification products at our Empower Pilot Facility in Delta, B.C. demonstrates Step 1 and we believe our announcement of the successful completion of our FEED study means we are on a clear pathway to Step 2. Our detailed analysis of the potential financial returns for our facilities, described below, hopes to convey to stakeholders that Step 3 is achievable.”
Mr. Mills continued, “While these results are exciting for our Company, we believe a clear pathway to further upside may be available. Our internal financial analysis underpins the triple bottom-line potential of our technology, creating potential profit while benefiting our stakeholders, including shareholders, employees and the communities where we operate, and creating a positive impact on the environment. In the City of Calgary , we have the ability to not only divert approximately 30,000 to 50,000 tonnes of asphalt shingles per facility from the municipal landfill, but also potentially deliver an approximate annual EBITDA (2) of $4 Million . Not only can we help provide major municipalities across Canada and the United States with a unique circular economy and modular solution for reprocessing single-use asphalt shingles, but we hope that we can increase shareholder value and provide additional benefits to our various stakeholders.”
Key Operational Assumptions:
Key Financial Metrics:
Category
Metric ($/tonne)
Notes:
Revenue
$222 / tonne
Average revenue generated by Tipping
Fees, Asphalt, Fiber and Aggregate sales

COGS
$79 / tonne
Utilities: $33 / tonne
Staff & Labour: $30 / tonne
Other: $16 / tonne
Gross Profit
$143 / tonne
Facility Operating Overhead
$27 / tonne
Includes lease, salaried staff and plant
operating overheads

EBITDA (2)
$116 / tonne
Key Additional Financial Considerations
Management’s View on Potential Upside of Project Economics:
For more information of the FEED study, please see the Company’s news release dated March 31, 2022 filed under its profile on SEDAR .
Notes:
(1)
Based on anticipated first full operational year.
(2)
Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is a Non-GAAP financial measure and refers to earnings determined in accordance with IFRS, before depreciation and amortization, interest expense (finance costs) and income tax expense. EBITDA should not be construed as alternatives to net income/loss determined in accordance with International Financial Reporting Standards (“IFRS”). EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives.
About Northstar
Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, 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 in the circular economy. As an emerging innovator in sustainable processing, Northstar’s 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 Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
Neither 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. The TSXV has neither approved nor disapproved the contents of this press release.
This press release contains 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” or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding: the steps necessary for an environmental, social and governance-focused business to succeed; any anticipated upside from the Company’s management-prepared economic analysis and, in connection therewith, the Company’s ability increase shareholder value and provide additional benefits to our various stakeholders; the Company’s various pricing assumptions, processing tonnage quotes, operation hours, tax incentives or carbon credits, and other operation assumptions noted under the heading “Management’s View on Potential Upside of Project Economics”, as well as any other general statements regarding the perceived benefits of the Calgary Empower Facility and Northstar’s technology. 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 as well as those risks and uncertainties which are more fully described under the heading “Risk Factors” in the final prospectus of the Company dated June 18, 2021 and 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. The novel strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. 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.
This news release also contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about the Company’s expected revenues, cash flow, gross margins, and EBITDA (2) following the start of operations at its Calgary Empower Facility, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set out in the above paragraphs. The actual financial results of the Company accordingly may vary from the amounts set out herein and such variation may be material. Northstar and its management believe that the FOFI quotes herein has been prepared on a reasonable basis, reflecting management’s best estimates and judgments. However, because this information is subjective and subject to numerous risks, it should not be relied on as necessarily indicative of future results. Except as required by applicable securities laws, the Company undertakes no obligation to update such FOFI. FOFI contained in this news release was made as of the date hereof and was provided for the purpose of providing further information about Northstar’s anticipated future business operations following the start of operations at its Calgary Empower Facility. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.
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SOURCE Northstar Clean Technologies Inc.

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Non-dilutive funding will cover $200,000 of the estimated $675,000 engineering cost related to Northstar’s planned expanded-capacity asphalt shingle reprocessing scale up facility in Calgary, Alberta
The application to Alberta Innovates was Northstar’s first of a broad range of government funding applications Northstar is progressing related to the Calgary scale up facility
Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (“Northstar” or the “Company”) is pleased to announce that it has executed an investment agreement (the “Investment Agreement”) dated March 3, 2022 with Alberta Innovates, a provincial Crown corporation and Alberta’s largest research and innovation corporation. Alberta Innovates reviewed Northstar’s application and approved a total of $200,000 in funding towards the estimated $675,000 of direct engineering costs. Northstar is required to use this funding to pay for a portion of the engineering costs for its planned expanded-capacity asphalt shingle reprocessing scale up facility in Calgary (“Calgary Empower Facility”), which was previously announced on March 17, 2022 .
Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)
Dr. John Zhou , Vice President, Clean Resources of Alberta Innovates, stated, “Diverting waste from landfill reduces land disturbance and GHG emissions, while also providing products consumers need. Technologies enabling a circular economy, advanced materials, and energy innovation are creating jobs and enhancing sustainability in Alberta .”
Mr. Aidan Mills , President & CEO and Director of Northstar stated, “As part of our engagement strategy at the federal, provincial, state, and municipal levels of government, we are progressing a wide range of non-dilutive funding applications. For Calgary , those applications cover engineering, procurement, construction, commissioning, and operational ramp up. We are therefore thrilled to receive the first award from this broad range of grant applications, providing support for our first activity: engineering design. This successful application reinforces our belief that our services and technology strongly appeal to governments. The award from Alberta Innovates recognizes the value of our proprietary clean technology that can not only divert between 30,000 to 50,000 tonnes of discarded asphalt shingle waste from Calgary landfills, but can place the end products of liquid asphalt, aggregate, and fiber back into the market. As governments increase their focus on zero waste, Northstar is positioned to lead the transition of asphalt shingles from depositing in landfills to repurposing in the circular economy. We expect this level of government support to continue covering costs with both the Calgary Empower Facility and future planned facilities. We will inform the market on subsequent awards in due course.”
The $200,000 in funding was awarded under Alberta Innovates’ Bioenergy Program. The transaction was approved by Alberta Innovates management. The investment will be paid in accordance with agreed milestones for the project.
Northstar and Alberta Innovates have both approved the Milestone Reporting and Payment Schedule (“MRP”). The completed MRP is used to define the project term and project costs in the Investment Agreement.
Northstar’s Empower Pilot Facility in Delta, British Columbia , recently initiated steady-state production. The Company is now producing sustainable low carbon liquid asphalt through its proprietary Bitumen Extraction & Separation Technology (“BEST”). The Empower Pilot Facility reprocesses discarded single-use asphalt shingles into liquid asphalt, fiber, and aggregate, allowing these products to enter the circular economy while diverting waste from landfills. Our Calgary Empower Facility is expected to build on the Empower Pilot Facility through the engineering design study that Alberta Innovates has generously supported through its Bioenergy Program.
Issuance of Stock Options
The Company announces it has issued 200,000 stock options to an officer at an exercise price of $0.35 for a 5-year term, to vest as to 25% on each of 6, 12, 18 and 24 months post-issuance. It has also issued 100,000 stock options to an officer at an exercise price of $0.35 , with immediate vesting.
About Alberta Innovates
Alberta Innovates invests in research, innovation and entrepreneurship to drive provincial economic growth and diversity. 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. Alberta Innovates provides technical expertise, entrepreneurial advice and support, opportunities for partnerships, and funding to advance the best ideas. We support a broad range of research and innovation activity – from discovery to use. Collaboration is at the heart of what we do – bringing together bright minds and great ideas.
Learn how Alberta Innovates at www.albertainnovates.ca.
About Northstar
Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, 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 in the circular economy. As an emerging innovator in sustainable processing, Northstar’s 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 Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
Neither 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. The TSXV 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” or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding the anticipated direct engineering costs of the Calgary Empower Facility, the Company’s expectation that Northstar is positioned to lead the transition of asphalt shingles from landfills to repurposed uses in the circular economy, and that there will be equally strong interest from non-dilutive funding providers for the construction of its Calgary Empower Facility outside that received from Alberta Innovates both at present and in the future. 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 as well as those risks and uncertainties which are more fully described under the heading “Risk Factors” in the final prospectus of the Company dated June 18, 2021 and 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. The novel strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. 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.
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SOURCE Northstar Clean Technologies Inc.

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(TheNewswire)
VANCOUVER, BC March 22, 2022 TheNewswire – Global Stocks News – Northstar Clean Technologies (TSXV:ROOF) (OTC:ROOOF) is a clean technology company focused on the recovery and repurposing of single-use asphalt shingles to produce liquid asphalt, fibre and sands while diverting shingle waste from landfills.
The company has a fully constructed pilot facility in Delta, BC that initiated steady-state production in February 2022.
On March 17, 2022 ROOF’s Board of Directors approved Calgary as the planned location for Northstar’s expanded-capacity asphalt shingle reprocessing scale up facility.
The engineer and design work anticipates a modular 150–200 tonnes/day facility.
Northstar to Present at 2022 Asphalt Roofing Manufacturers Association Spring Committee & Board Meeting Series in Kansas City - InvestingNews.com
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With corporate offices for Shell, Husky, Exxon and Imperial Oil , Calgary is not an obvious location for a recycling project, but newly elected Calgary Mayor Jyoti Gondek has pledged to make Calgary a greener city.
“Calgary City Council declared a Climate Emergency in November 2021,” states the Calgary City Website , “directing the pace and scale of action to be accelerated”.
“Calgary is the place to be for companies like Northstar that are driven to make an impact on the energy transition,” states Brad Parry, President and CEO of Calgary Economic Development, “We are pleased Northstar has chosen Calgary to build its new planned facility that can help keep asphalt shingles out of landfills.”
“Northstar’s commitment to clean technology, community, and long-term solutions aligns with our economic strategy’s focus on,” added Parry.
Calgary Highlights:
Northstar to Present at 2022 Asphalt Roofing Manufacturers Association Spring Committee & Board Meeting Series in Kansas City - InvestingNews.com
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At 150-200/tonnes per day, the Calgary Empower Facility will have an estimated capacity about 250% higher than the existing Delta facility.
“Calgary is home to Canada’s ‘energy transition’ economy and we are excited to be a part of this movement,” stated Northstar CEO Aidan Mills, who previously worked for British Petroleum.
“As I came out of the oil business, I along with other people believe that this industry needs to do things differently,” Mills told GSN, “That’s not to say that we need to switch off oil or stop driving conventional cars.  It’s an energy transition. We definitely need to stop putting hydrocarbons into landfills”.
Mills recently spoke with GSN about ROOF’s business objectives.  The interview incorporates video footage shot at its Empower Pilot Facility in Delta.


GSN asked Mills how Calgary roofers will be incentivized to bring the discarded asphalt shingles to Northstar’s processing facility.
“We have five elements to that strategy,” explained Mills, “Number one, we will have facilities that are close to the dump, ideally within 5 kilometres. Secondly, we’re going to discount the price that they pay.  Thirdly, we will unload the shingles significantly faster than the municipal dump. Fourthly, we will have a food truck and give the drivers free coffee.  Fifthly, if the roofers can hit sustainability targets, we will further discount their tipping fees.”
Northstar to Present at 2022 Asphalt Roofing Manufacturers Association Spring Committee & Board Meeting Series in Kansas City - InvestingNews.com
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“Demand for asphalt binder in North America is currently highest for interstate highways and roofing,” states a Liquid Asphalt Research Report prepared by Kin Communications , “Shingles made from asphalt serve one purpose which is to be used for the roofing of structures.”
“Because these shingles are petroleum based, they are not eco-friendly and their production wastes energy in addition to exacerbating the emission of greenhouse gases,” continues the research report.
ROOF’s business model anticipates four revenue streams:  1. Tipping Fees (paid by waste haulers and roofing contractors), 2.  Sale of Asphalt, 3. Sale of Fiber and 4. Sale of Aggregate.  The sale of carbon credits would add a 5 th revenue stream.
Before its IPO 9 months ago, ROOF raised $12.3 million . Since then the company began small batch production , engaged Wellington Dupont to liaise with governments, began modular design , proved carbon reduction , hired a Sustainability Officer and has initiated steady state production .
A green-light from the City of Calgary to build a 150–200 tonnes/day scale-up facility is another significant milestone.
Northstar is currently identifying a suitable leasing site in Calgary for its scale up facility.  An independent Front-End Engineering Design (FEED) is expected to be completed by the end of Q1 2022.
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Calgary : Canada’s Energy Hub with Strong Government Incentives and Support to Ensure a Clean Energy Transition while Diverting Waste from Landfills
 Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (“Northstar” or the “Company”) is pleased to announce that the Company’s Board of Directors has approved the selection of the City of Calgary, Alberta Canada as the planned location for the Company’s expanded-capacity asphalt shingle reprocessing scale up facility (the “Calgary Empower Facility”).
Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)
Based on the independent engineering design study, the Calgary Empower Facility is expected to be the Company’s first modular scale up facility and is expected to be designed and engineered with an estimated capacity of 150–200 tonnes per day (“tpd”), which is approximately two to three times scale up from the full commercial production capacity of 50-75 tpd at the Company’s existing reprocessing pilot facility in Delta, British Columbia . The scale up facility’s build and design are part of the Company’s planned expansion strategy with the goal of operating asphalt shingle reprocessing facilities across Canada and the United States . The Company’s independent front-end engineering design or “FEED” for the scale up facility is expected to be completed by the end of Q1 2022.
Mr. Brad Parry , President and CEO of Calgary Economic Development, states: “With our strong cleantech innovation ecosystem, a long history of industry collaboration and investment, Calgary is the place to be for companies like Northstar that are driven to make an impact on the energy transition. Calgary has a reputation for being a place for people who want to solve environmental and other challenges, and we are pleased Northstar has chosen Calgary to build its new planned facility that can help keep asphalt shingles out of landfills. Northstar’s commitment to clean technology, community, and long-term solutions aligns with our economic strategy’s focus on sustainability and Calgary in the new ‘Energy Transition’ economy. We look forward to the opportunities Northstar’s planned facility can bring to our city.”
Mr. Aidan Mills , President & CEO of Northstar, states, “To be successful, I believe companies like ours with a sustainability focus first need to demonstrate their technology works. Second, they need to scale up their technology. Third, they need to rapidly deploy their technology across their key markets. We have successfully demonstrated the first step with the steady state production of our design specification product at the Empower Pilot Facility in Delta, British Columbia – and we believe the Calgary Empower Facility can deliver on the second step – by scaling up our technology to full commercial potential. We are delighted to have selected Calgary as the site location for our first asphalt shingle reprocessing scale up facility. Calgary is home to Canada’s “energy transition” economy and we are excited to be a part of this movement. The reception to our environmental solution to landfill waste has been well received by the municipality, and we look forward to delivering a long-term solution for significantly reducing landfill waste from asphalt shingles in Calgary . We are also excited to bring jobs to Calgary , adding ten to fifteen staff plus contractors at the Calgary Empower Facility and continuing to expand our corporate office as we grow the business. We are now in advanced stages of identifying a suitable leasing site in Calgary for our scale up facility and we will provide an update once a location is secured.”
Mr. Allen Gervais , General Manager ( Alberta ) at Northstar, comments, “The City of Calgary has been very engaged with us as we move to deliver a solution which could divert an estimated 30,000 to 50,000 tonnes per year of shingles that would otherwise be destined for landfills. We believe this facility will contribute to Calgary’s growing reputation as a hub for innovative green energy and circular economy solutions.”
Calgary Selection
The Company previously commenced an exploratory site selection process for its first scale up facility. The Company then commenced a detailed geographic target market analysis to evaluate potential site locations. After identifying several potential geographic markets for Northstar’s flagship facility, the Company determined that the City of Calgary was the most attractive location for the Company’s first expansion facility for the following reasons:
Expected Sequence of Events
Final site selection and other construction terms are subject to final approval by the Company’s Board of Directors. Upon securing financing and receiving permits, the Company plans to begin construction on the Calgary Empower Facility in the second half of 2022 with targeted operations by the end of the first half of 2023.
The Calgary Empower Facility will operate under “Empower Environmental Solutions Calgary Ltd.”, a wholly owned subsidiary of the Company.
About Calgary Economic Development
Calgary Economic Development is an opportunity-maker, helping to spark and fuel Calgary’s growth. Our job is to connect people with resources that can help them grow their careers or businesses, thrive in new locations or markets, and feel at home in our community. We offer a wealth of information to help everyone succeed and we tirelessly promote Calgary , in Canada and around the world. We are exhilarated about our role in shaping and sharing Calgary’s story and we’re proud to be part of the energy. For more information, please visit our website at www.calgaryeconomicdevelopment.com and follow us on Twitter @calgaryeconomic.
For more information on Calgary Economic Development, please contact:
Sarah Ferguson
Media Coordinator, Communications
Email: sferguson@calgaryeconomicdevelopment.com
Phone: 403 880 7040
About Northstar
Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, 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 in the circular economy. As an emerging innovator in sustainable processing, Northstar’s 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 Mills
President & CEO, Director
Northstar Investor Relations Inquiries:
Kin Communications
Phone: 604 684 6730
Email: ROOF@kincommunications.com
Cautionary Statement on Forward-Looking Information
Neither 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. The TSXV 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” or similar expressions. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. Such risks and uncertainties include, but are not limited to, statements regarding: (i) the Company’s planned national roll out and expansion strategy; (ii) the ability of the Calgary Empower Facility to scale up Northstar’s technology to meet stated production targets and to deliver a long-term solution for the significant reduction of landfill waste from asphalt shingles in Calgary or elsewhere; and (iii) the Company’s expected construction and operation timelines as further described under the heading “Expected Sequence of Events” and elsewhere above. 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 as well as those risks and uncertainties which are more fully described under the heading “Risk Factors” in the final prospectus of the Company dated June 18, 2021 and 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. The novel strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. 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.
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SOURCE Northstar Clean Technologies Inc.

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Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ( “Northstar” or the “Company” ) is pleased to announce that as part of the Company’s commitment to quality, it has received positive testing results from an independent third-party testing facility for two of its outputs, liquid asphalt and aggregate. After initiating steady state production, liquid asphalt and aggregate were produced through the reprocessing of single-use asphalt shingles currently stockpiled on-site at Northstar’s fully constructed asphalt shingle reprocessing facility in Delta, BC (the “Empower Pilot Facility” ). These independent third-party test results for liquid asphalt and aggregate confirm that these products meet the Company’s end product specification objectives.
Northstar Clean Technologies Inc. Logo (CNW Group/Northstar Clean Technologies Inc.)
The table below compares the test results for Northstar’s liquid asphalt with common liquid asphalt specifications in Canada for the three major specification criteria for liquid asphalt:
Table 1: Comparison
Standard
Northstar
Shingle Asphalt
Roofing
Type III
Roofing
Type IV
Road 80-
100
Softening Point (°C)
ASTM D36
110
88 – 113
85 – 96
99 -107
N/A
Penetration (dmm)
@ 25°C & 100g

ASTM D5
10
15
15 – 35
12 – 25
80 – 100
Flash Point (°C)
ASTM D92
239
N/A
260
260
230
1. The specifications listed above are not exhaustive for all asphalt specifications.
2. Any test requirement identified as N/A indicates that the test is not required for that product specification.

The Northstar specification analysis is as expected and designed and confirms that:
Mr. Aidan Mills , President & CEO and Director of Northstar, stated, “We have always believed that the outputs created through our proprietary bitumen extraction and separation technology (“BEST”) design process were of high quality and now we have the independent test results to support this. Through commissioning and steady state production, we are now fully extracting liquid asphalt from asphalt shingles as designed and producing high quality end products, as expected. We believe this testing confirms that our two primary products will be able to re-enter the manufacturing process for asphalt shingles, creating a circular economy, and used in the hot-mix asphalt manufacturing process for road paving.”
“Quality is a critical part of our business and independent third-party testing is an important element of that. The Company now has in-house testing capability to satisfy ourselves, and our customers, that we have exceptional products with stringent quality control procedures. Softening point, penetration, and flash point specification testing has become an integral part of our steady state production processes,” continued Mr. Mills.
As outlined by the results above, Northstar believes its liquid asphalt can be used for:
Testing Results for Aggregate:
Sieve Size
Passing Mean
Std Dev
5.000 mm
100%
0.0%
2.500 mm
96.9%
1.8%
1.250 mm
55.1%
4.5%
0.630 mm
12.9%
1.1%
0.315 mm
3.0%
0.2%
0.160 mm
0.9%
0.2%
0.080 mm
1.1%
0.2%

Moisture %
VOC %
Asphalt %
6.63%
0.00%
0.50%
Registered & Records Office
The Company also announces that it has moved its registered and records offices to the Company’s location at 7046 Brown Street, Delta, BC V4G 1G8.
About Northstar
Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, 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 at its Empower Pilot Facility in Delta, British Columbia . As an emerging innovator in sustainable processing, Northstar’s 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 Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
Neither 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. The TSXV 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” or similar expressions. Forward-looking statements in this press release include the Company’s expectation that shingle manufacturers can increase the penetration grade of Northstar’s liquid asphalt through minor blending operations of 0.5%-2.0% rejuvenation product, that they can meet bulk roofing specification through minor blending operations of 2.0%-5.0% and that Northstar’s liquid asphalt would be suitable for paving application by blending 5.0%-10% of Northstar’s liquid asphalt into virgin asphalt; its belief that these test results confirm that Northstar’s two primary products can re-enter the manufacturing process for asphalt shingles and can be used in the hot-mix asphalt manufacturing process, as well as Northstar’s belief that its liquid asphalt can be used for the applications specified in the news release.  Forward‐looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking information. Such risks and uncertainties include, but are not limited to, factors discussed under “Risk Factors” in the final prospectus of the Company dated June 18, 2021 . 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 do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
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SOURCE Northstar Clean Technologies Inc.

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dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (” dynaCERT ” or the “Company”) and Galaxy Power Inc. (“Galaxy Power”) applaud the recently announced changes proposed in the Canadian Government’s Budget of April 7, 2022 (“Budget 2022”) regarding the creation of a 30% new Tax Credit for Investments in Clean Technology focused on net-zero technologies, battery storage and clean hydrogen, the new 30% Critical Mineral Exploration Tax Credit and certain other provisions relating to expanding clean technology tax incentives associated with flow through shares, including the expansion of Class 43.1 and 43.2 Canadian Renewal and Conservation Expense (“CRCE”) tax definitions, and certain new deductions (collectively the “Clean Tech Incentives”).
Successful Consultative Meetings:
dynaCERT and Galaxy Power and their principals have been meeting for more than two (2) years with cabinet ministers, elected Members of Parliament, as well as senior officials within the government to advance, and assist with, the implementation of Clean Technology tax deferrals and tax credits. dynaCERT and Galaxy Power have had face-to-face meetings, conversations and correspondence with political parties on all sides to help bring Clean Technology tax incentives to fruition.
Foreseeable Future Economic Benefit:
Budget 2022, and its corresponding proposals for Clean Tech Incentives, were endorsed by The Right Honourable Justin Trudeau, Canada’s Prime Minister and leader of the Liberal Party of Canada, The Honourable Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, The Honourable Steven Guilbeault, Environment and Climate Change Minister, and The Honourable Omar Alghabra, Minister of Transport, among many other dignitaries.
Accordingly, Galaxy Power and dynaCERT welcomes the Clean Tech Incentives as lasting strong evidence of an obvious, clear, irrefutable and unequivocal “foreseeable future economic benefit” for all Canadians and to such Canadian participants such as dynaCERT and Galaxy Power.
Support for Continued Government Consultation:
dynaCERT and Galaxy Power continue to support the government’s openness in a consultative process on the design details of the tax matters in Clean Technology and see consultative measures as a rational and important step to continue to expand Clean Technology Flow Through Shares.
Clean Technology Incentives Reduce GHG’s:
The new Clean Tech Incentives can enhance the financial potential of fast-growing Clean Technology companies that foster Clean Technology in Canada to reduce global Greenhouse Gas Emissions (“GHG’s”).
Enhancing Growth of Canadian Companies:
Galaxy Power and dynaCERT believe that the Clean Tech Incentives in Budget 2022, along with the Budget 2021 proposed expanded Clean Technology Flow Through Share policy, when successfully implemented, can greatly enhance the much-needed financing capabilities of Clean Technology companies in Canada while at the same time contributing to the Canadian Government’s objectives of reducing Canadian GHG’s and enhancing rapid Canadian economic growth from coast to coast.
The Clean Tech Incentives in Budget 2022 are seen as being in accordance with the objectives of the Paris Agreement of the United Nations, which is a legally binding international treaty on climate change.
Importance of Tax Incentives:
As opposed to government grants, significant tax credits and Clean Tech Incentives as the ones contained in Budget 2022 bring to the private sector the impetus to make business decisions based on reducing GHG’s and places the incentive to invest in Clean Technology on the private sector while using private sector capital as opposed to direct investing by governments.
The new Clean Tech Incentives clearly demonstrate the Federal Government’s recognition of the need to involve private sector capital to combat GHG’s.
This involvement of private sector capital is seen as consistent with, and an important precursor to, a continued expansion of Clean Technology Flow Through Share policy which could bring vast amounts of additional capital from the Capital Markets in Canada.
Creation of Jobs Throughout Canada:
Galaxy Power and dynaCERT believe that Clean Tech Incentives can create numerous jobs across the nation, for individual workers, scientists, engineers, researchers, entrepreneurs as well as start-ups and large multinationals, and many other contributors, of all employment ages, in urban and remote areas of Canada.
Galaxy Power has indicated in its talks with government officials that thousands of jobs have been created with the multiple Billions of dollars of the national Mining and Oil & Gas investments attributed to Flow Through Shares which were first magnificently instituted by successive Canadian Governments since approximately four (4) decades ago and endorsed by successive Provincial Governments.
Jean-Pierre Colin, President & CEO of Galaxy Power stated, “The historic changes contributing to the new Clean Tech Incentives contained in Budget 2022 are very significant for all Canadians. Galaxy Power warmly thanks and applauds the Canadian Government and all of the politicians and Members of Parliament and the senior government officials who put forward strong climate change action by endorsing new Clean Tech Incentives.
In addition to the well-meaning but financially limited ability of governments, the larger collective economic might of the Canadian Capital Markets is required in order to address the risky challenges of financing the urgent high-priced fight against GHG’s. The expansion of Clean Technology Flow Through Share tax provisions has potential to attract the numerous Capital Market participants to become directly involved. Galaxy Power recognizes with pronounced esteem the vital efforts of all the non-partisan participants throughout all of Canada who continually foster the significance and expansion of eligibility of Clean Technology Flow Through Shares.”
Jim Payne, President & CEO of dynaCERT stated, “As the owner of 20% of Galaxy Power, dynaCERT is very pleased with the proposed New Tax Credit for Investments in Clean Technology of Budget 2022. This successful endeavour, supported by dynaCERT and Galaxy Power, may have a historical significance one day in Canadian financial history. The long efforts of the entire team at Galaxy Power in furthering the new Clean Tech provisions under Budget 2022 have been endorsed by the entire Canadian Government and we thank governments and parliamentarians for their availability and understanding. dynaCERT also thanks Galaxy Power for their tenacious initiative which can have long lasting economic benefits to dynaCERT .”
About Flow Through Shares
Clean Technology Flow Through Shares can enhance the non-government private sector in Canada to contribute to the international battle against climate change without the reliance on government grants. For more information on the subject of Flow Through Shares, please see the numerous Government of Canada web sites on the subject, including the one below:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/flow-through-shares-ftss/investors/flow-through-share-program-works.html
About Galaxy Power Inc.
Please see: www.galaxypower.ca
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www. dynaCERT .com .
READER ADVISORY
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to completion of the Offering, satisfaction of TSX listing conditions and regulatory approvals. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com . Readers are cautioned that this list of risk factors should not be construed as exhaustive.
This Press Release should not be construed as tax advice nor investment advice. Readers are advised that they should consult their own tax advisors and investment advisors in regard to any investment related to Flow Through Shares or investments in Clean Technology Companies.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
Northstar to Present at 2022 Asphalt Roofing Manufacturers Association Spring Committee & Board Meeting Series in Kansas City - InvestingNews.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005497/en/
For more information:

Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@ dynaCERT .com
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Facedrive Inc. (” Facedrive ” or the ” Company “) (TSXV: FD) (OTCQX: FDVRF), a Canadian “people-and-planet first” tech ecosystem, is pleased to announce that it has closed its previously-announced non-brokered private placement (the ” Private Placement “) on a fully-subscribed basis. Pursuant to the Private Placement, the Company issued 29,661,016 units (the ” Units “), at a subscription price of $0.59 per Unit, for aggregate gross proceeds to the Company of $17.5 million . As previously announced, each Unit consists of one common share of the Company (a ” Share “) and one common share purchase warrant (a ” Warrant “), with each Warrant entitling the holder to acquire one additional Share (a ” Warrant Share “) at a price of $0.73 per Warrant Share for a period of 36 months. As announced on March 28, 2022 the Company decided to upsize the Private Placement from $15 million to $17.5 million as a result of strong investor interest and expected oversubscription, which ended up materializing.
The Company intends to use the net proceeds from the issuance of the Units for general business development activities and general working capital purposes. Specifically, the Company expects the Private Placement to help fuel the next stages of its growth plan, including further expansion of Steer EV (its electric vehicle subscription platform) and general operations, as well as a sustained build-out of its technology core as a unified ESG platform based on on-demand and subscription-based offerings.
“We are very excited to announce the closing of this private placement, as we enter a new chapter of sustainable growth. We see continued investor interest, evidenced by the oversubscribed nature of this financing, as a strong validator of the market’s confidence in our vision, mission and strategy. Having achieved many crucial operational milestones and our level of maturity, we are now – more than ever – laser-focused on accelerated year-over-year revenue and market share growth,” said Suman Pushparajah , CEO of Facedrive.
The Private Placement includes a subscription from a certain insider of the Company and therefore, 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 “). Full details of this transaction will be available on the System for Electronic Disclosure by Insiders (SEDI) at: www.sedi.ca . The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the Private Placement, nor the consideration paid, exceed 25% of the Company’s market capitalization. No additional insiders or related parties of the Company participated in the Private Placement and no new insiders or control persons were created in connection with the closing of the Private Placement.
In connection with the closing of the Private Placement, a certain arm’s-length finder received $47 ,495 as a cash finder’s commission.
Pursuant to applicable Canadian securities laws, all securities issued pursuant to the Private Placement are subject to a hold period of four months and one day, expiring on August 8, 2022 . The Private Placement remains subject to the final approval of the TSX Venture Exchange (the ” TSXV “).
Facedrive is a multi-faceted “people-and-planet first” tech ecosystem offering socially responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. As part of this commitment, Facedrive’s vision is to fulfil its mandate through a number of services that either leverage existing technologies of the Company or project synergies with existing lines of business. Facedrive’s service offerings include: its (i) eco-friendly rideshare business, Facedrive Rideshare; (ii) food delivery service, Facedrive Foods; (iii) electric and hybrid vehicle subscription business, Steer; (iv) contact-tracing and connected health technology services, Facedrive Health; (v) e-commerce platform, Facedrive Marketplace; and (vi) e-social platform, Facedrive Social.
Facedrive Rideshare was among the first to offer a wide variety of environmentally and socially responsible solutions in the Transportation as a Service (TaaS) space, planting thousands of trees based on user consumption and offering choices between electric, hybrid and conventional vehicles (including, more recently, electric and hybrid vehicles on a subscription basis through Steer). Facedrive Marketplace offers curated merchandise typically created from sustainably sourced materials and linked to social causes. Facedrive Foods offers contactless delivery of a wide variety of foods right to consumers’ doorsteps, with a focus on doing so in a socially and environmentally-conscious manner. Facedrive Social strives to keep people connected in a physically-distanced world through its HiQ and other e-socialization platforms that invite users to interact based on common interests and by offering gamification and mutual community support features. Facedrive Health strives to develop and offer innovative technological solutions to the most acute health challenges including its proprietary TraceSCAN wearable technology for contact tracing. Facedrive envisions changing the ridesharing, food delivery, e-commerce, social and health tech narratives for the better, for everyone, and is currently operational in Canada and the United States .
For more about Facedrive, visit www.facedrive.com .
Facedrive Inc.
100 Consilium Pl, Unit 400, Scarborough, ON , Canada M1H 3E3
www.facedrive.com
Certain information in this press release contains forward-looking information, including with respect to Facedrive’s business, operations and condition, management’s objectives, strategies, beliefs and intentions (including, without limitation, in regards to future revenue and market share), and the use of proceeds from the Private Placement. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors, including as a result of a change in the trading price of the Shares and the TSXV not providing its final approval for the Private Placement. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See “Forward-Looking Information” and “Risk Factors” in Facedrive’s Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2020 (filed on SEDAR on April 30, 2021 ) and its interim MD&A for the period ended September 30, 2021 (filed on SEDAR on November 29, 2021 ) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Facedrive Inc.

Cision View original content: http://www.newswire.ca/en/releases/archive/April2022/08/c4568.html
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Tantalus Systems (TSX: GRID) (“Tantalus” or the “Company”), a smart grid technology company focused on helping build sustainable utilities, is pleased to announce the deployment of an industry-leading commercial microgrid project being delivered in partnership with Energy Toolbase (“ETB”), which provides a suite of project modeling, energy storage control and asset monitoring products for solar and storage microgrid deployments.
Tantalus, through its recent acquisition of DLC Systems d/b/a Congruitive (“Congruitive”), and ETB are jointly supporting the deployment of a microgrid that includes solar panels and battery storage to provide resiliency to the headquarters of a major construction company in Riverdale, California. Designed to address the broader global microgrid market, which is expected to grow by nearly 18% annually to US$26B by 2026, the combined solution will enable the construction company to manage demand charges, perform load shifting and take advantage of other economic optimizations while being connected to the electric distribution grid, as well as providing resiliency to maintain operations in the event the headquarters experiences a power outage from their local utility. During grid power outages, the microgrid will automatically reconfigure the solar and storage system into an islanded resource, delivering backup power to the building. As part of the deployment, ETB’s energy management system, known as Acumen EMS™, is providing the intelligence layer to manage the economic optimization of the system. Through its Congruence.IQ™ (“C.IQ™”) Microgrid Controller, Tantalus is delivering the necessary software and tools to manage the microgrid during grid outages.
“We are witnessing an increasing number of commercial enterprises build their own microgrids to become more resilient and mitigate exposure to power outages,” said Scott D’Ambrosio, Vice President of Sales at Energy Toolbase. “Organizations not only need the support and expertise to help simplify these complex projects, but also the intelligent software required to safely operate and monetize these systems. By integrating the C.IQ capabilities from Tantalus, our partnership delivers a comprehensive system to maximize the return on investments being made in microgrids.”
“As we witness an increasing number of power outages resulting from extreme weather events or aging grid infrastructure, businesses are taking matters into their own hands by deploying new technologies that are under their control, such as microgrids, to mitigate disruptions to their operations,” said Peter Londa, President & CEO of Tantalus Systems. “By working alongside Energy Toolbase, we are delivering a unified solution that delivers continuous value not only during power outages but also while power from the grid is still available by helping businesses reduce peak demand charges and shifting their load profiles. As we witness an increasing number of microgrid installations, our comprehensive system with ETB will also provide the necessary tools to ensure local utilities can embrace these distributed energy resources as a means of improving their reliability and overall service to the communities they serve.”
About Tantalus Systems (TSX: GRID)
Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of public power and electric cooperative utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity. All this gives our user community the flexibility they need to get the most value from existing infrastructure investments while planning for future requirements. Learn more at www.tantalus.com.
About Energy Toolbase
Energy Toolbase is an industry-leading software platform that provides a cohesive suite of project estimating, storage control, and asset monitoring products that enable solar and storage developers to deploy projects more efficiently. Energy Toolbase’s SaaS products are used by over 1,000 distributed energy organizations worldwide. To learn more or request a free trial, visit: https://www.energytoolbase.com.
Energy Toolbase is backed by its parent company, Pason Systems, a leading global provider of data management systems and controls automation software for the energy industry. With a global footprint and 40-year track record, Pason enjoys one of the strongest balance sheets in the industry and trades on the Toronto Stock Exchange under the symbol PSI. For more information visit: https://www.pason.com.
Forward-Looking Statements:
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the development, functionality, benefits and effectiveness of C.IQ™ and C.IQ Microgrid Controller in conjunction with Energy Toolbase solutions, the adoption and use of microgrids with Tantalus and Energy Toolbase joint solutions, the growth of the global microgrid market and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this new release is expressly qualified in its entirety by this cautionary statement.
Contact Tantalus:
Jacquie Hudson
Marketing Communications Manager
613-552-4244 | jhudson@tantalus.com
Linda Armstrong
Investor Relations
647-456-9223 | larmstrong@tantalus.com
Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
Twitter: @TantalusCorp

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119235
Northstar to Present at 2022 Asphalt Roofing Manufacturers Association Spring Committee & Board Meeting Series in Kansas City - InvestingNews.com
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~Greenlane announces resignation of Lynda Freeman as CFO to spend time with family~
Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN) (FSE: 52G) today announced that Lynda Freeman Chief Financial Officer (“CFO”), has provided notice to resign her position as CFO effective the end of June to pursue time with family. The Company has begun the process of seeking a successor. Ms. Freeman will continue on a full-time basis until June 30th to support this transition, and expects to remain on a part time basis in an alternate role after June 30th .
Greenlane Renewables Inc Logo (CNW Group/Greenlane Renewables Inc.)
“We support Lynda in her decision to spend additional time with her family but will miss her as a member of the leadership team at Greenlane,” commented Brad Douville , President and CEO of Greenlane. “She helped us grow and build the business over the past few years and during her time she developed a talented finance and accounting team. Lynda will continue to work with Greenlane to assist in the recruitment process of a new CFO.”
“This was an incredibly difficult, but necessary, decision for me and my family,” said Lynda Freeman , CFO of Greenlane. “I have thoroughly enjoyed my time as CFO but I have decided to focus on my young family at this time. I look forward to continuing to work with Greenlane and its talented team.”
About Greenlane Renewables
Greenlane Renewables is a pioneer in the rapidly growing renewable natural gas (“RNG”) industry. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector. Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources such as landfills, wastewater treatment plants, dairy farms, and food waste streams. Greenlane is the only biogas upgrading company offering the three main technologies: waterwash, pressure swing adsorption, and membrane separation and has over 30 years industry experience, patented proprietary technology, over 100 hydrogen sulfide treatment systems sold, and over 135 biogas upgrading systems sold into 19 countries, including many of the largest RNG production facilities in the world. For further information, please visit www.greenlanerenewables.com .
FORWARD LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “is expected”, “likely”, “should”, “will”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen. In particular, this news release contains forward looking information relating to the resignation of the CFO, the Company’s plans to hire a new CFO, the resigning CFO’s intentions to continue full time until June 30th to support transition and to work part time in an alternate role after that . While management considers these expectations to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that intentions will not become actions and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond the Company’s control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation, risks identified in the Company’s annual information form and in other documents filed with Canadian securities regulatory authorities on the Company’s SEDAR profile at www.sedar.com . Readers are cautioned not to put undue reliance on forward-looking information.  Actual results may differ materially from those anticipated. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
SOURCE Greenlane Renewables Inc.

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dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) (” dynaCERT ” or the “Company”) today announces its financial and operating results for the year ended December 31, 2021. All figures are in Canadian dollars unless otherwise stated.
Sales
During the year ended December 31, 2021, the Company’s sales continued to be significantly impacted by COVID-19 restrictions worldwide and the Company’s dealers’ inability to provide installation services.  During the year ended December 31, 2021, the Company shipped 139 HydraGEN™ units respectively to dealers and clients. These sales mostly represent units bought and installed on larger fleets or companies that are running initial pilot projects while closely monitoring the fuel savings and emission reductions with the support of dynaCERT and our HydraLytica™ telematic software installed.
During the three months ended December 31, 2021, the Company recognized sales of $200,222, and for year ended December 31, 2021, the Company recognized sales of $757,002.
Operating Expenses
Key Influencers to the increase in expenditures for the year ended December 31, 2021 are:
Key influencers to the decrease in expenditures for the year ended December 31, 2020 are:
Cash Flow Information
As at December 31, 2021, cash on hand was $8,337,506 as compared to $18,836,013 at December 31, 2020.
The Company had cash outflows from operating cash flows of $8,659,758, which was due to net loss of $16,324,637, which was affected by non-cash adjustments of $7,382,118, which is comprised of accretion and amortization of $903,717, stock-based compensation of $2,861,197, loss on investment in associate of $142,213, foreign exchange loss of $77,150, interest paid of $165,991, loss on loans, investments, and prepayments of $3,481,776, and offset by accrued interest of $249,926. Operating cash flows were affected by non-cash working capital items of $282,761 which comprised an increase in amounts payable and other liabilities of $492,512, by a decrease in accounts receivables and sales tax receivables of $422,175, and offset by an increase in prepaid expenses of $114,239, an increase in inventory $444,369, a decrease in deferred revenue $73,318.
The Company had cash outflows from investing activities of $1,409,156, which was due to acquisition of property and equipment of $620,430, acquisition of intangible assets of $388,726, and an investment of $250,000 in Galaxy Power, a loan to Galaxy Placements of $150,000.
The Company had cash outflows from financing activities of $429,593, which was funds from exercise of options of $94,800, and offset by repayment on a promissory note of $76,086 and lease obligation of $448,307.
Accounts Payable and Accrued Liabilities
As at December 31, 2021, the Company had accounts payable and accrued liabilities of $1,328,005 as compared to $835,493 at December 31, 2020.
Loss on loans, investments, and prepayments
The Company’s audit committee has engaged independent legal counsel to assist them in examining the validity, legal standing, enforceability, and potential future recoverability of certain related party and other transactions as disclosed in note 24 of the Company’s audited financial statements.  The outcome of the examination is unknown at this time and may result, amongst other matters, in the identification of one or more weaknesses in the Company’s internal controls. The Company will disclose the results of the examination once they become available and determine the appropriate corrective measures, if any, at such time.
About dynaCERT Inc.
dyna CERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com .
READER ADVISORY
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to the review of certain transactions being undertaken by the Company’s audit committee and the potential future impact and reporting thereof. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: the Company not settling outstanding issues with its auditors.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither The Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the The Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

On Behalf of the Board

Murray James Payne, CEO

For more information, please contact:
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@ dynaCERT .com
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Presidential Action under U.S. Defense Production Act Authorizes Comprehensive Funding Tools for Battery-Grade Lithium, Cobalt, Nickel, Manganese and Graphite
AMY’s Patented RecycLiCo Process Recovers Four of the Five Defense-Critical Materials
American Manganese Inc. (“AMY” or the “Company”), a pioneer in advanced lithium-ion battery cathode recycling-upcycling, commented today on the decision by U.S. President Joe Biden to invoke the Defense Production Act (DPA) of 1950 to accelerate the development of essential battery materials including lithium, cobalt, nickel, manganese and graphite. Under the longstanding DPA authorities, the Presidential action carries the force of U.S. federal law and opens up funding authorities ranging from federal loans and loan guarantees, to grants financing production facilities, material purchases, and futures contracts
The Presidential Determination states in part:
“The United States depends on unreliable foreign sources for many of the strategic and critical materials necessary for the clean energy transition – such as lithium, nickel, cobalt, graphite, and manganese for large-capacity batteries. Demand for such materials is projected to increase exponentially as the world transitions to a clean energy economy.
To promote the national defense, the United States must secure a reliable and sustainable supply of such strategic and critical materials. The United States shall, to the extent consistent with the promotion of the national defense, secure the supply of such materials through environmentally responsible domestic mining and processing; recycling and reuse; and recovery from unconventional and secondary sources, such as mine waste. [emphasis added]”
“President Biden’s official DPA statement recognizes recycling as an essential means of meeting rising demand,” said Larry Reaugh, CEO of American Manganese. “American Manganese, with its RecycLiCo™ process, is well-positioned to deliver sustainable, high-purity supply of four of the five materials the U.S. Government is now prioritizing as essential to its national defense.”
American Manganese’s patented RecycLiCo™ process is focused on the recycling and upcycling of lithium-ion battery waste into high-value battery cathode materials. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese to create high-value lithium-ion battery materials for reintegration into new lithium-ion battery manufacturing.
The Company announced on March 15, 2022, that its RecycLiCo demonstration plant in Vancouver, Canada is ready for commissioning and is scheduled to demonstrate continuous operating conditions with a processing capacity of 500 kg/day of lithium-ion battery waste once commissioning is complete. The demonstration plant is intended to validate scaled-up processing efficiencies and qualify the lithium, nickel, manganese, and cobalt battery materials produced. The company’s ultimate business model is to license and joint venture its patented RecycLiCo™ process to battery and electric vehicle manufacturers as an in-house technology that offers a circular supply of critical battery minerals.
About American Manganese Inc.
American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
On behalf of Management
American Manganese Inc.
Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444
Email: Lreaugh@amymn.com
www.americanmanganeseinc.com
www.recyclico.com
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. This news release may contain “forward-looking statements”, which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
SOURCE:American Manganese Inc.
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