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Northstar Completes Emission Reduction Alberta Construction Milestone and Receives $3.9 Million
Northstar Completes Emission Reduction Alberta Construction Milestone and Receives $3.9 Million ...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n\n\n\n Northstar Completes Emission Reduction Alberta Construction Milestone and Receives $3.9 Million\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n May 5, 2025\n \n\n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"\n \n Northstar\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it successfully completed Milestone 2 requirements stipulated in the Emission Reduction Alberta (\"\n \n ERA\n \n \") contribution agreement and received the resulting milestone payment totaling\n \n $3.9 million\n \n .\n \n\n\n\n\n\n\n\n\n Milestone 2 criteria required Northstar to demonstrate a number of elements with respect to the Empower Environmental Solutions Calgary Facility (the \"\n \n Empower Calgary Facility\n \n \") including:\n \n\n\n Completion of all major procurement activities, other than final performance payments to vendors;\n \n\n All major processing equipment delivered;\n \n\n All major equipment installed and electrified;\n \n\n Implementation of the Green House Gas, Measurement and Monitoring Verification plan during construction for tracking during Milestones 3 and 4; and\n \n\n Substantial completion of construction as defined in the Builder's Lien Act.\n \n\n\n All of these elements have been reviewed and completed as part of the ERA due diligence process to verify completion of Milestone 2.\n \n\n The resulting\n \n $3.9 million\n \n funding from ERA brings receipts to date from ERA to\n \n $5.2 million\n \n . Approximately\n \n $1.9 million\n \n remains outstanding under the ERA grant, upon attainment of commissioning and operational milestones.\n \n\n The funding under Milestone 2 materially reimburses Northstar for construction expenditures for the Empower Calgary Facility. Taken together with other funding initiatives, the Empower Calgary Facility has been fully funded and leaves suitable working capital for the Company to advance expansion opportunities in\n \n Canada\n \n and\n \n the United States\n \n . Commissioning efforts at the Empower Calgary ...