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Northstar Enters into Contribution Agreement with Emissions Reduction Alberta (Era) for $7,088,856 Government Grant Award
Northstar Enters into Contribution Agreement with Emissions Reduction Alberta (Era) for $7,088,85...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n\n \n \n \n Northstar Enters into Contribution Agreement with Emissions Reduction Alberta (Era) for $7,088,856 Government Grant Award\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 31, 2023\n \n \n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\" or the \"Company\") is pleased to announce that the Company's wholly owned subsidiary, Empower Environmental Solutions Calgary Ltd., and Emissions Reduction Alberta (\"ERA\") have signed a contribution agreement (the \"Contribution Agreement\") dated\n \n July 31, 2023\n \n whereby ERA will fund up to\n \n C$7,088,856\n \n (the \"ERA Contribution\") for the development and construction of the Company's planned asphalt shingle reprocessing facility in\n \n Calgary, Alberta\n \n (the \"Empower Calgary Facility\"), subject to certain customary conditions.\n \n \n \n \n \n \n \n \n \n The combination of the ERA Contribution\n \n 1\n \n , the loan from Business Development Bank of\n \n Canada\n \n (\"BDC\")\n \n 2\n \n and the strategic equity investment from Allmine Paving LLC, a wholly owned subsidiary of TAMKO Building Products LLC (\"TAMKO\")\n \n 3\n \n , is expected to fully fund the construction of the Empower Calgary Facility, which will proceed into detailed design immediately.\n \n \n Mr.\n \n Aidan Mills\n \n , President & CEO and Director of Northstar, stated, \"The final funding from ERA is a critical component of progressing the construction of our Empower Calgary Facility. We are excited to work with ERA on the first commercial implementation of our technology and believe we can help meaningfully to divert waste away from landfills for many years to come. Not only are we bringin...