Northstar secures $2.7 million BDC loan draw

Northstar Clean Technologies Inc. has drawn $2.7 million from its $8.75 million project loan facility with the Business Development Bank of Canada. The funds will support the completion of the Empower Calgary Facility, Northstar’s asphalt shingle reprocessing project. This marks the second withdrawal under the loan, following a $1.6 million draw in September 2024.

Northstar will host an investor webinar on Monday, Dec. 2, at 2 pm PDT/5 pm EDT to discuss its third-quarter 2024 financial results and provide business updates. Registration details and access to an archived webcast are available online.

Northstar, a Canadian clean technology company, focuses on sustainable asphalt shingle recovery. The Calgary facility aims to reprocess shingle waste into reusable components, advancing circular economy goals and reducing landfill impact.