Northstar Clean Technologies Secures $14 Million Royalty Deal

Northstar Clean Technologies Finalizes $14 Million Royalty Transaction

Northstar Clean Technologies Inc. (TSXV: ROOF) has successfully closed a significant $14 million royalty transaction with CVW CleanTech Inc. (TSXV: CVW). This transaction marks a pivotal step for Northstar, providing necessary financial resources to expedite the development of their next two shingle processing facilities following the completion of their initial Empower Calgary Facility in Alberta.

Details of the Transaction

The agreement, structured as a five-year 10.0% second secured convertible debenture referred to as the Royalty Debenture, positions Northstar to convert this investment into revenue royalties linked to two of its operational facilities. This strategic move not only enhances Northstar’s growth objectives but also reflects a solid partnership with CVW CleanTech.

Comments on the Deal

Aidan Mills, President & CEO of Northstar, expressed enthusiasm about this transformative deal. He emphasized that having CVW as a strategic partner bolsters Northstar's execution capability, providing both financial flexibility and safeguarding shareholder interests. The funds procured from this agreement will enable rapid advancements in the development of their new facilities, reinforcing their growth trajectory.

CWV CleanTech's Perspective

Akshay Dubey, CEO of CVW CleanTech, conveyed satisfaction about sealing their inaugural royalty agreement with Northstar. He highlighted their confidence in Northstar's leadership to deliver on its growth ambitions and assured stakeholders of the positive returns expected from this partnership.

Future Marketing Initiatives

In addition to this transaction, Northstar Clean Technologies has joined forces with Green Stock News LLC. This agreement will see GSN feature Northstar as a featured issuer on their platform for one year. This initiative aims to amplify Northstar's visibility, particularly in sectors focused on environmental solutions.

Green Stock News Features

As part of the collaboration, the Company will have a dedicated profile on Green Stock News, with features spanning various platforms, including Spotify and YouTube. This marketing approach underscores Northstar’s resolve to engage effectively with stakeholders and highlight their innovative environmental solutions.

Strategic Digital Partnership with Winning Media

Moreover, Northstar has entered into an agreement with Winning Media LLC to enhance their marketing efforts. This Houston-based agency specializes in delivering strategic digital media services and aims to elevate Northstar's profile across North America. The initiative will involve a detailed strategic digital framework aimed at bolstering news dissemination and optimizing media engagement.

About Northstar Clean Technologies

Northstar Clean Technologies Inc. stands as a leading innovator in the clean technology sector, focused on the sustainable recovery and reprocessing of asphalt shingles. By extracting valuable materials from discarded asphalt, the company aims to reduce landfill waste while contributing positively to the circular economy.

Frequently Asked Questions

What is the purpose of the $14 million transaction?

The transaction aims to accelerate the development of Northstar's next two shingle processing facilities.

Who are the parties involved in this transaction?

Northstar Clean Technologies Inc. and CVW CleanTech Inc. are the primary parties involved.

How will this affect Northstar's growth plans?

The funds from this transaction will enhance Northstar's ability to execute its growth strategy by reducing reliance on equity financing.

What marketing initiatives are in place?

Northstar has partnered with Green Stock News and Winning Media to improve visibility and engagement with investors.

What is Northstar’s mission?

Northstar’s mission is to lead in the sustainable recovery and reprocessing of asphalt shingles in North America.

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