Northstar Clean Technologies gains $2.25 million investment, announces addition to Board

Northstar Clean Technologies Inc. announced the completion of a C$2.25 million strategic investment from two Calgary-based investors, including the Chiu Family, owners of Trico Homes, and one anonymous investor. This investment comprises a non-brokered private placement of unsecured convertible debenture units priced at C$5,000 each. The funds will be used for general corporate purposes and added contingency for Northstar’s proposed asphalt reprocessing facility in Calgary.

Patrick Chiu, president of Trico Communities, has joined Northstar’s Board of Directors. CEO Aidan Mills expressed enthusiasm about the new partnership, citing Trico’s respected status in Calgary. Chiu highlighted Northstar’s potential to divert asphalt shingles from landfills and committed to supporting the company’s waste reprocessing mission.