Recent Highlights
- Secured funding for Empower Calgary Facility by executing a binding credit agreement for
$8.75 million in senior secured project debt from BDC, securing a strategic investment from TAMKO ofUS$10 million , and entering into a contribution agreement for a government grant from ERA for$7.088 million - Hosted a successful site opening event at the Empower Calgary Facility attended by government representatives, members of industry, and
Northstar executives - Announced orders for three major long-lead equipment items for the Empower Calgary Facility
- Announced private placement of up to
$3.5 million
Mr.
Q3 2023 Highlights
July 2023 – Executed a binding credit agreement for$8.75 million in debt withBusiness Development Bank of Canada ("BDC").July 2023 – Announced aUS$10 million strategic investment from Allmine Paving, a subsidiary ofTAMKO Building Products LLC ("TAMKO").July 2023 – Entered into a contribution agreement with Emissions Reduction Alberta ("ERA") for a government grant of$7.088 million .August 2023 – Announced the 2023 Annual General and Special Meeting ("AGSM") results and subsequently appointed the TAMKO nominee, Mr.Jeffrey Beyer , to the Northstar Board of Directors.September 2023 – Completed site development work at the Empower Calgary Facility.September 2023 – Hosted a site opening event at the Empower Calgary Facility attended by government representatives, members of industry, andNorthstar executives.
Subsequent to Q3 2023
October 2023 - Commenced detailed engineering design for the Empower Calgary Facility alongside its engineering contractorBBA Engineering Ltd. ("BBA").November 2023 – Placed orders for three major pieces of equipment identified as long-lead items for the Empower Calgary Facility, of which the total value was approximatelyC$3.3 million .November 2023 – Announced private placement of up to$3.5 million in convertible debenture units.
The Company will host a virtual investor webcast to discuss these financial results and to provide a business update to the investment community later today,
Topic: | Northstar Clean Technologies Third Quarter Financial Results Webcast |
Date: | |
Time: | |
Webcast URL: | https://us06web.zoom.us/webinar/register/4917000683628/WN_ImQJgvYpS0qLtynPgu6pFQ |
Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.
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