Northstar Clean Technologies

An ESG Investment Opportunity, Single-Use Asphalt Shingles Recovery Solution

This Northstar Clean Technologies Inc. is part of a paid investor education campaign.*

Overview

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, 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 North American market for asphalt shingle recovery and repurposing is expected to be over $2 billion. 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) 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 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% 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% 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. 

2021 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 2021. 

With near-term revenue, a cashed up balance sheet with no debt 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. 

Northstar’s Company Highlights

  • Northstar Clean Technologies is an emerging clean technology company focused on providing single-use asphalt shingle material recovery solutions across North America. The company leverages strategic positioning in the green-friendly jurisdiction of Metro Vancouver, British Columbia. 
  • Northstar aims to become the leading asphalt shingle material recovery provider in North America. 
  • The company’s business model includes a two-tier, input and output revenue stream that combines input revenue from tipping fees and output revenue from the sale of its three recovered components. 
  • The company offers the perfect storm of market size and advanced positioning with an established off-take agreement with a major multi-national construction corporation.
  • Northstar Clean Technologies expects to commence commercial production of its fully constructed Empower Facility in 2021. Success from this operation could fast-track development of its first expansion facility. 
  • The company is led by industry professionals with proven track records of success and over 280 years of combined operational and capital markets experience. 

Northstar’s Proprietary Solution

Technology

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.  

Facility

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. 

Northstar Clean Technologies’ Management Team

James Currie — Executive Chairman

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.

Aidan Mills — CEO 

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.

Neil Currie — Director

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 — President & Director

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 — Director

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 — Director

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 — COO

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.

Sead Hamzagic— CFO

Sead Hamzagic has over 34 years of experience in public practice accounting. He is an experienced CFO and director of several public and private companies. Mr. Hamzagic was appointed as CFO of Northstar in 2018 and is a CPA and CGA qualified accountant.

Jim Bird — Technical Advisor

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 — Director of Capital Markets

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.


*Disclaimer: This profile is sponsored by Northstar Clean Technologies Inc. (TSXV: ROOF). This profile provides information that was sourced by the Investing News Network (INN) and approved by Northstar Clean Technologies Inc., in order to help investors learn more about the company. Northstar Clean Technologies Inc. is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Northstar Clean Technologies Inc. and seek advice from a qualified investment advisor.