NORTHSTAR'S CALGARY SCALE UP ASPHALT SHINGLE REPROCESSING FACILITY FOUND TO REDUCE CARBON DIOXIDE EQUIVALENT  EMISSIONS BY 60%

NORTHSTAR'S CALGARY SCALE UP ASPHALT SHINGLE REPROCESSING FACILITY FOUND TO REDUCE CARBON DIOXIDE EQUIVALENT EMISSIONS BY 60%

Independent life cycle assessment of Northstar's Calgary scale up facility confirms carbon dioxide equivalent emissions benefits vs. landfilling asphalt shingles and use of virgin materials

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce the positive results of a second independent carbon dioxide equivalent ("CO 2 e") life cycle assessment ("LCA") completed by Burgess Environmental Ltd. ("Burgess") for selected performance indicators for Northstar's planned scale up asphalt shingle reprocessing facility in Calgary, Alberta ("Calgary Empower Facility"). The LCA is based on sophisticated modeling from the front-end engineering design ("FEED") completed by BBA Inc. ("BBA"), Northstar's engineering consultant, on March 25, 2022 . The LCA assessed the impacts and benefits of reprocessing asphalt shingles and compared them to the impacts and benefits related to the disposal of discarded or defective asphalt shingles in landfills and virgin production of asphalt shingles.

Northstar Clean Technologies Inc. Logo (CNW Group/Northstar Clean Technologies Inc.)

Highlights from the Calgary Empower Facility LCA:
  • Based on the FEED design, the Calgary Empower Facility will have lower CO 2 e emissions than landfilling and virgin production and therefore provides a sustainable industry solution for reusing asphalt shingles.
  • Net estimated greenhouse gas emission savings of approximately 117 kg of CO 2 e per 1 tonne of feedstock (1) .
  • Net estimated CO 2 e emission savings in the range of 3,500 tonnes to 4,700 tonnes of CO 2 e per year (1) depending on production volume.

Calgary Empower Facility's Carbon Dioxide Emissions:

  • 77 kg of carbon dioxide equivalent produced per 1 tonne of feedstock (1)

Virgin Production and Landfill Disposal Carbon Dioxide Emissions:

  • 44 kg of CO 2 e produced from 1 tonne of feedstock routed to landfills. (1)
  • 603 kg of CO 2 e produced from 1 tonne of virgin asphalt, including transportation to the Calgary market (1) (151 kg of CO 2 e per 1 tonne of feedstock)
  • Total of 195 kg of CO 2 e per 1 tonne of feedstock

Net Savings:

  • 117 kg of CO 2 e per 1 tonne of feedstock (approximately 60% net savings)

Aidan Mills , President & CEO and Director of Northstar, states, "We are very happy with the results of our second independent LCA for the Calgary Empower Facility. The results show strong potential CO 2 e emission savings of 60% for our Calgary Empower Facility over virgin production and landfill disposal carbon dioxide equivalent emissions. The completion of the LCA is another step towards the development of our Calgary Empower Facility and builds on the momentum of the completion of the FEED design and awarding of non-dilutive grant funding from Alberta Innovates. This analysis quantifies how our operations in Alberta can support our customers and industry partners in delivering circular and "green" renewable asphalt produced with significantly lower carbon intensity. The industry needs to significantly reduce its carbon emissions and landfill disposal, and we are working to become a sustainable solution for reprocessing asphalt shingles across North America ."

Mr. Mills also said, "Our long-term vision is to be an environmentally responsible, sustainable clean technology company delivering renewable products with a significantly lower carbon intensity. In addition to the full diversion of asphalt shingles from landfills, we now know our production process can deliver a meaningful reduction in CO 2 e emissions and make a significant contribution to the circular economy in the asphalt industry. We are committed to the long-term sustainability of our operations and are very pleased to see that our clean technology is proving itself to be a significant contributor in the transition to a low carbon economy."

Additionally, depending on the regulatory and legislative framework, carbon dioxide equivalent emissions benefits may allow Northstar to potentially generate future revenue and margins from carbon credits, in addition to the expected revenue streams from incoming tipping fees and from the sale of its end-use products: liquid asphalt, fibre, and aggregate.

LCA Results Summary

The LCA compared the following performance indicators for the Calgary Empower Facility to virgin asphalt production and landfill disposal of discarded or defective asphalt shingles:

  • Carbon dioxide equivalent emissions
  • Land disturbance
  • Water consumption

CO 2 e emissions from the Calgary Empower Facility are expected to be 60% lower than the emissions related to virgin production and landfill disposal of the asphalt shingles, emitting 77 kg of carbon dioxide equivalent per tonne of feed stock compared to 195 kg of carbon dioxide equivalent per tonne of feedstock for virgin production and landfill disposal. This implies a net carbon emission savings of 117 kg of carbon dioxide equivalent per tonne of feedstock. Assuming that the Calgary Empower Facility operates five days per week and 52 weeks per year and has a production range of between 150 and 200 tonnes per day, net estimated carbon dioxide emission savings are expected to be in the range of 3,500 tonnes to 4,700 tonnes of carbon dioxide equivalent per year. In addition, each 1 tonne of feedstock processed is expected to reduce water consumption in the range of 18,000 m 3 to 24,000 m 3 per year and avoid land disturbance in the range of 13,800 m 2 to 18,400 m2 0.46 m 2 per year.

The full detailed LCA can be downloaded on our website at the following link: https://www.northstarcleantech.com/environmental .

Northstar Q1 Financial Results

Northstar anticipates that it will release its Q1 2022 financial results on May 30 th and will host an investor update call before market opens on May 31 st .

Virtual Investor Webcast Call Details

Topic : Northstar Clean Technologies Q1 2022 Financial Results Webcast

Date : May 31, 2022

Time : 05:30 am PST / 08:30 am EST

Webcast URL : https://us06web.zoom.us/webinar/register/WN_rIiCj_o4SQiFJp_a8ySRzQ

Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.

Footnotes:
(1) Assuming the Calgary Empower Facility operates five days per week and 52 weeks per year.

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 statements concerning the anticipated release of the Company's Q1 2022 financial results and the scheduled virtual investor webcast, its confidence that it will play a pivotal role in the circular economy of the asphalt industry, its belief that the FEED design can be deployed across expansion facilities, its belief that its products can enter the circular economy while diverting waste from landfills, the Company's ability to generate future revenue from carbon credits, tipping fees and them the sale of its end-use products, and its projected project economics for its proposed Calgary Empower Facility. Such statement are subject risks and uncertainties, that may cause actual results, performance or developments to differ materially from those contained in 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, and ongoing dispute between the sovereign state of Ukraine and Russia also pose 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 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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Northstar Announces Mailing of Management Information Circular, Date and Details of Annual General & Special Meeting and Announces Details of Long-term Incentive Plan

Northstar Announces Mailing of Management Information Circular, Date and Details of Annual General & Special Meeting and Announces Details of Long-term Incentive Plan

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that it has scheduled its Annual General and Special Meeting of Shareholders (the "Meeting") for Thursday, July 28, 2022 at 11:00 am PST ( 2:00 pm EST ). The Meeting will be held at the Company's Delta office at 7046 Brown Street, Delta, BC V4G 1G8. The Company also announces that it has filed its management information circular and proxy (the "Meeting Materials") for the Meeting on SEDAR. The Meeting Materials are also available for download from the Company's website.

Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)

The information circular in the Meeting Materials proposes the re-election of six directors for the ensuing year, the reappointment of the Company's auditors, and the approval of the Company's 2022 Equity Incentive Plan, including the approval of a 10% rolling plan for stock options and a fixed plan of 6,500,000 common shares for awards of restricted share units ("RSUs"), performance share units ("PSUs") and deferred share units ("DSUs").

As always, the Company encourages its shareholders to vote prior to the Meeting. All proxies submitted must be received by July 26, 2022 . Your vote is important regardless of the number of common shares you own. As a Northstar shareholder, it is very important that you carefully read the Meeting Materials and vote your common shares. Shareholders may vote online, by telephone, by mail, or by any other methods listed in the form of proxy or voting instruction form included with the Meeting Materials.

Long-Term Incentive Plan

Pursuant to the Company's Long-Term Performance Incentive Plan, the Company announces that it has issued an aggregate of 355,925 RSUs and 3,559,278 PSUs to officers and key employees of the Company. The RSUs and PSUs will vest as to one-third on each of June 23, 2023 , March 31, 2024 , and March 31, 2025 . Each RSU and PSU represents the right to receive, once vested, one common share in the capital of the Company. The number of shares earned upon the vesting of the PSUs will be determined by the performance of each individual and will be subject to approval by the Board of Directors. The Company also announces it has granted an aggregate of 260,854 stock options to directors, officers, and employees at an exercise price of $0.35 per share for a five-year term. All options vest as to one-third on each of March 31, 2023 , 2024, and 2025.

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.

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SOURCE Northstar Clean Technologies Inc.

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Northstar Reports First Quarter 2022 Financial Results And Announces Details Of Virtual Investor Webcast

Northstar Reports First Quarter 2022 Financial Results And Announces Details Of Virtual Investor Webcast

Highlights

  • $3.9 million in cash as of March 31, 2022
  • Working capital surplus of $3.7 million as of March 31, 2022 compared to a working capital surplus of $5.5 million as of December 31, 2021
  • Completed Calgary FEED study results: total capital cost estimate of $11.75 million which includes a $2.0 million contingency
  • Announced project economics including $7.6 million in estimated annual revenue per facility (1) , $4.9 million in estimated annual gross profit per facility (1) , and $4.0 million in potential annual EBITDA per facility (1)(2 and identified six areas of potential upside

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that today it has filed its first quarter 2022 financial statements and management's discussion and analysis ("MD&A") on SEDAR for the 3 months ended March 31, 2022 . These documents are also available on the Company's website at www.northstarcleantech.com . The Company has scheduled a virtual investor webcast to discuss these financial results and to provide a business update to the investment community on Tuesday, May 31, 2022 at 5:30 am PST 8:30 am EST . Details are provided below.

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Northstar Announces 2021 Financial Results and Details of Virtual Investor Webcast

Northstar Announces 2021 Financial Results and Details of Virtual Investor Webcast

Financial Highlights

  • $6.0 million in cash as at December 31, 2021
  • Total assets increased by $7.5 million while total liabilities increased by $0.6 million compared to December 31, 2020
  • Working capital surplus of $5.5 million compared to a working capital deficit of $0.06 million compared to December 31, 2020

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that today it has filed its audited annual financial statements and management's discussion and analysis ("MD&A") on SEDAR for the year ended December 31, 2021 . These documents are also available on the Company's website at www.northstarcleantech.com . The Company has scheduled a virtual investor webcast to discuss these financial results and to provide a business update to the investment community on Thursday, April 28, 2022 at 2:00 pm PST 5:00 pm EST . Details are provided below.

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

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

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.)

  • Aidan Mills , President & CEO, Director
  • Gord Johnson, Co-Founder, Director, President of Empower
  • Kellie Johnston , Chief Sustainability Officer

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.

About ARMA

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 .

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

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.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/northstar-to-present-at-2022-asphalt-roofing-manufacturers-association-spring-committee--board-meeting-series-in-kansas-city-301522370.html

SOURCE Northstar Clean Technologies Inc.

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Northstar Announces Project Economics For Its Calgary Scale Up Facility Based On Front-end Engineering Design

Northstar Announces Project Economics For Its Calgary Scale Up Facility Based On Front-end Engineering Design

Highlights

  • $7.6 Million in Potential Annual Revenue Per Facility (1)
  • $4.9 Million in Potential Annual Gross Profit Per Facility (65% Gross Margin) (1)
  • $4.0 Million in Potential Annual EBITDA (2) Per Facility (52% EBITDA (2) Margin) (1)
  • Excludes Any Potential Carbon Credit Revenue or Sustainability "Green" Premium
  • Numerous Potential Upside Opportunities Have Been Identified

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.

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Three in five Canadians (60%) refer to the sport as soccer while less than a quarter (21%) refer to it as football or use both names interchangeably (18%).

Among Canadians who call the game soccer, the majority do so to distinguish the sport from North American football (71%), while a quarter use the name because their family and friends (24%) do.

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