Northstar Clean Technologies (ROOF) Kinvestor Day 2025 Virtual Investor Conference summary

Business model and technology

• Focuses on sustainable recovery and reprocessing of asphalt shingles into valuable products, including pellets and oil.

• Facility in Calgary is fully constructed, commissioned, and producing high-quality products.

• Patent announced for removing limestone from asphalt, improving product quality.

• Products include asphalt, sand, fiber, and limestone, with asphalt being the most valuable.

• Pelletization enables global market access due to ease of transport and storage.

Partnerships and validation

• Multiple industry and financial partners have conducted extensive due diligence.

• Off-take agreements and investments secured with major partners, including TAMKO and government agencies.

• Emissions Reduction Alberta (ERA) funding tied to plant commissioning and production targets.

• ERA recently validated operational status; next step is achieving 80 tons/day production.

Operational milestones and expansion plans

• Calgary plant is ramping up to meet ERA's 80 tons/day target, aiming for full 24/7 operation by 2026.

• 80,000 tons/year supply is critical for optimal economics and 24/7 operation.

• Each 80,000-ton facility is projected to add $10M EBITDA and $100M enterprise value.

• Path to $1B valuation involves building 10 such facilities, with expansion planned in Ontario and the U.S.

• Next catalysts: achieving ERA production in Calgary, announcing U.S. plant, and first commercial sales.