Cleantech

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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Northstar Clean Technologies

Northstar Clean Technologies

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 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 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.

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.

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 Q1 2022. 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.

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.

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.

Rosemary Pritchard - CFO

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 - 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.

Kellie Johnston - Chief Sustainability Officer and Corporate Counsel

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.

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.

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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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[Video Enhanced] Northstar Clean Technologies  Lines Up First Scale up Facilty in Oil Country

[Video Enhanced] Northstar Clean Technologies Lines Up First Scale up Facilty in Oil Country

(TheNewswire)

Northstar Clean Technologies Inc. care of GlobalStockNews

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.


Click Image To View Full Size

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:


Click Image To View Full Size

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."


Click Image To View Full Size

"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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Northstar Selects Calgary, Alberta as the Location for Expanded-Capacity Asphalt Shingle Reprocessing Scale Up Facility

Northstar Selects Calgary, Alberta as the Location for Expanded-Capacity Asphalt Shingle Reprocessing Scale Up Facility

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").

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Graphene Manufacturing Group

GMG and Rio Tinto to Explore the Use and Development of GMG's Energy Saving Products and Graphene Aluminium-Ion Battery

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG and Rio Tinto Group ("Rio Tinto") have signed a non-binding agreement to collaborate on energy saving and storage solutions. Together, GMG and Rio Tinto will explore the use of energy saving products in Rio Tinto's operations, explore working together to support GMG's development of Graphene Aluminium-Ion ("G+Al") batteries, and collaborate on mining and other industrial applications.

Under a non-binding term sheet, GMG and Rio Tinto will:

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STEER Announces Rollout of its Delivery as a Service Offering with 200 + Small and Medium Businesses

 Facedrive Inc. (" STEER " or " the Company ") (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce it has successfully rolled out its Delivery as a Service (" DaaS ") offering with over 200 small and medium businesses (" SMBs "), and is now marketing such services to large big box retailers. STEER's DaaS offering provides a last mile logistics solution for retailers to offer just-in-time deliveries to end-users. The Company expects the DaaS platform to be a key element of its business and a valuable driver of ESG data, reporting and analytics.

DaaS by STEER (CNW Group/Facedrive Inc.)

STEER's DaaS offering has demonstrated operational success, with over 200 local merchants in the Greater Toronto Area and a 99% on-time delivery rate. The Company has also seen many of its customers transition from a hybrid to a full-time arrangement with STEER. Following its success with smaller local vendors, STEER's DaaS offering is being promoted to big box retailers, some of whom have also expressed an interest for the offering. The Company feels its ESG value proposition, powered by its proprietary EcoCRED carbon offset analytics platform, sets the STEER DaaS offering apart from competitors. In particular, EcoCRED's capabilities to capture, analyse and report on key ESG data can appeal to socially-responsible brands and larger retailers, who are increasingly conscious of environmental tracking and reporting protocols.

The global Delivery as a Service market, valued at USD 18.7Bn in 2020, is expected to grow at 18.9% CAGR for the period 2021-2027 1 , making it one of the high-growth sectors in today's global economy. This growth has been accelerated by the global impact of the COVID-19 pandemic and goes beyond food deliveries, spanning nearly all categories of consumer products.  This megatrend presents qualified providers like STEER with a potentially-lucrative opportunity to increase market presence and significantly increase revenues.

STEER's DaaS offering leverages the assets and technology developed by the Company through its existing on-demand offerings. Specifically, introduction of DaaS enables the Company to draw on its tech stack, operational expertise, and its existing infrastructure—including drivers—to deliver a nimble, agile, cost efficient, and customizable product. STEER's tech-driven delivery management software integrates directly with the merchant's Point of Sale (" POS ") solution and provides visibility, KPI controls and data processing. Moreover, STEER leverages its built-in data science algorithms to analyse daily demand cycles for each individual offering and to streamline resource allocation. In the future, this data will be utilized to identify cross-selling opportunities within the STEER platform and provide customers with analytics, metrics and data that quantify their carbon reduction efforts.

STEER's DaaS offering also capitalizes on synergies with its existing on-demand services through a shared driver fleet. For drivers, this means potentially higher earnings through an additional revenue stream, minimized idle time, and the convenience of managing fewer apps on their phone. For the Company, introduction of the DaaS functionality results in greater operational efficiencies through unified driver acquisition, training and optimized marketing spend across the platform. The Company feels these operational efficiencies will translate into economies of scale as STEER's DaaS onboards more vendors and launches operations in new geographies.

"Delivery as a Service represents a natural evolution for our Company. Having built significant assets and expertise in the mobility and food delivery segments, it is important for us to leverage our existing assets to enter a growing market space. It allows us to grow incremental revenues in the near future while not increasing costs at the same rate. We have confirmed the demand during our launch with over 200 small and medium vendors and are now focused on large retail customers. With the launch of DaaS, STEER's vision of creating a one-stop shop ecosystem for an environmentally-conscious B2C and B2B consumer has come a step closer to fulfilment", said Suman Pushparajah , Chief Executive Officer.

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1 https://www.globenewswire.com/news-release/2021/09/02/2290996/0/en/Last-Mile-Delivery-Market-is-Expected-to-Reach-to-USD-62-7-Bn-with-CAGR-of-18-9-by-2027.html

About the Company

STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company's offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, Steer EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company's platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyse, parse and report on key data points in ways that measure the Company's impact on carbon reductions and offsets.

For more about the Company, visit www.facedrive.com .

STEER
100 Consilium Pl, Unit 400
Scarborough , ON
Canada M1H 3E3
www.facedrive.com

Forward-Looking Information

Certain information in this press release contains forward-looking information, including with respect to the Company's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the company's forward plans to rebrand. 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, such as those pertaining to the Company's next step launch with big box retailers, may differ materially from those anticipated in the forward-looking information as a result of various factors. 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 the Company's Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on may 2, 2022 ) 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.

STEER Logo (CNW Group/Facedrive Inc.)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/steer-announces-rollout-of-its-delivery-as-a-service-daas-offering-with-200--small-and-medium-businesses-301547644.html

SOURCE Facedrive Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/16/c1734.html

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