Northstar Clean Technologies, Inc. ( (TSE:ROOF) ) just unveiled an announcement.
Northstar Clean Technologies Inc. announced a non-binding letter of intent with YORK1 Environmental Waste Solutions Ltd. to form a strategic alliance for supplying waste roofing shingles to Northstar’s planned Empower Hamilton Facility in Ontario. This agreement is significant for Northstar as it ensures a consistent supply of shingles, which is crucial for their operations and growth plans. The collaboration with YORK1 is expected to enhance Northstar’s ability to create a sustainable solution for asphalt shingle reprocessing, potentially making a notable environmental impact in Southern Ontario.
More about Northstar Clean Technologies, Inc.
Northstar Clean Technologies Inc. is a Canadian clean technology company specializing in the sustainable recovery and reprocessing of asphalt shingles. Utilizing a proprietary design process, Northstar extracts liquid asphalt, aggregate, and fiber from discarded shingles, which are then reused in new asphalt manufacturing and construction products. The company is focused on leading the circular economy by addressing the issue of landfill-bound asphalt shingles across North America.
YTD Price Performance: -10.84%
Average Trading Volume: 308,074
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$48.05M
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