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Northstar's Wholly-Owned Subsidiary Signs Letter of Intent for Long-term Lease for Planned Calgary Scale-up Facility
Northstar's Wholly-Owned Subsidiary Signs Letter of Intent for Long-term Lease for Planne...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Northstar's Wholly-Owned Subsidiary Signs Letter of Intent for Long-term Lease for Planned Calgary Scale-up Facility\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 VANCOUVER, BC\n \n \n ,\n \n \n Sept. 14, 2022\n \n \n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\" or the \"Company\") is pleased to announce that its wholly owned subsidiary Empower Environmental Solutions Calgary Ltd. has signed a non-binding letter of intent (the \"LOI\") for a potential long-term 15-year lease for an industrial zoned property of 3.98 acres located in\n \n Greater Calgary, Alberta\n \n (the \"Property\") as the site for the Company's planned scale-up facility (\"Empower Calgary\"). The LOI is for an initial term of 15 years, with two extension options of five years each. The\n \n 125m\n \n x\n \n 125m\n \n site is strategically located just outside of metropolitan\n \n Calgary\n \n , easily accessed 4.4km southeast of the City of Calgary East Landfill.\n \n \n \n \n \n \n \n \n \n The Company is expected to have access to the site starting\n \n July 1, 2023\n \n . The Property is currently zoned as industrial; however, the standard change of land-use development permit application required by the municipality was submitted on\n \n August 2, 2022\n \n and is expected to be received in the next 45 days. The lease also allows for certain improvements to be made and financed under the lease at Northstar's discretion.\n \n \n Mr.\n \n Aidan Mills\n \n , President & CEO and Director of Northstar, stated, \"We are excited to have identified a suitable site for our Calgary Scale-Up Facility, conveniently located near the existing City of Calgary East Landfill. We believe securing the lease will allow us to grow the Company and make long-term decisions. We are proceeding forward on negotiating the official lease agreement and will provide an update to the market in due course. This location gives us not only the space we need for the Calgary Empower Facility, but also makes disposal of single us...