Northstar Validates High Quality Liquid Asphalt and Aggregate Through Positive Third-party Test Results

Northstar Validates High Quality Liquid Asphalt and Aggregate Through Positive Third-party Test Results

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:

  1. Softening point - the temperature at which the asphalt reaches a specific viscosity;
  2. Penetration - the hardness of the asphalt; and
  3. Flash point - the temperature at which vapours from the asphalt will ignite in the presence of a flame.

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:

  • Northstar's liquid asphalt specification most closely resembles shingle liquid asphalt. Also as expected, given the weathering of the asphalt shingle feed, Northstar's liquid asphalt falls just outside of the penetration test results for shingle asphalt. Modification by shingle manufacturers to increase the penetration grade of liquid asphalt is a routine process and would be expected to involve minor blending operations of 0.5-2.0% rejuvenation product added to Northstar's liquid asphalt to meet full specification.

  • Northstar's liquid asphalt specification is also very close to that of Type III/IV bulk roofing liquid asphalt. Again, it is expected that minor blending operations of 2.0-5.0% rejuvenation product added to Northstar's liquid asphalt would be required to meet full specification.

  • Paving liquid asphalt has the highest specification requirements and is generally much softer than roofing and shingle liquid asphalt. As expected, Northstar's liquid asphalt will therefore be suitable for paving application by blending 5.0-10.0% of Northstar's liquid asphalt into virgin asphalt to meet full paving specification.

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:

  • Asphalt shingle production
  • Flat roofing type III / IV asphalt
  • Waterproofing applications
  • Hot-mix asphalt production
  • Asphaltic emulsions or cutback production
  • Chip seal or slurry seal asphalt

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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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

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.

News Provided by Canada Newswire via QuoteMedia

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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.

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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 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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