Northstar Clean Technologies (ROOF) Planet MicroCap Showcase: VEGAS 2025 summary

Strategic objectives and market focus

• Three main objectives for 2025: commission Calgary facility, plan next Canadian and first U.S. plants, and expand growth portfolio targeting the U.S. market.

• U.S. market is the largest opportunity, with 15 million tons of shingle waste annually compared to 1.5 million in Canada.

• Industry goal is to divert 50% of shingle waste from landfills by 2035 and 100% by 2050.

• TAMKO partnership includes $10 million investment, 20% ownership, and offtake agreements for first four U.S. plants.

• Expansion plans include retrofitting the Vancouver pilot, constructing a Hamilton facility by end of 2026, and selecting a U.S. site near Maryland.

Technology, operations, and economics

• Proprietary technology separates shingles into sand, fiberglass, and valuable asphalt, enabling a circular product lifecycle.

• Calgary facility is fully constructed and in commissioning, with operations expected by mid-year.

• Each facility costs CAD 20–25 million, can process 40,000–80,000 tons/year, and generate up to CAD 10 million EBITDA at full capacity.

• Revenue streams include tipping fees, product sales (asphalt, fiber, aggregate), and potential carbon credits (not included in base case).

• Offtake agreements are structured with price floors above break-even, ensuring financial stability.

Growth, funding, and scalability

• Raised CAD 55 million to date, with CAD 30 million non-dilutive; funding secured through year-end for new site development.

• Government grants and strategic equity from partners support expansion; additional debt and incentive funding pursued for new jurisdictions.

• Targeting three to four new facilities per year, with licensing model considered after five to six operational sites (potentially by 2028).

• Market size requires hundreds of facilities; company expects to build a fraction and license the rest.

• TAMKO offtake agreement applies to first four U.S. plants; subsequent plants can sell to any manufacturer.