Northstar Clean Technologies Inc. (OTCQB: ROOOF) is a Canadian waste-to-value technology company focused on recovering and reprocessing discarded asphalt shingles. Its proprietary process separates shingles into liquid asphalt, aggregate, limestone, and fiber that can be reused in construction and other industrial applications.
On August 27, 2026, Northstar announced that the United States Patent and Trademark Office had issued a new patent covering its asphalt-shingle reprocessing technology. The patent is the fourth related to the company’s proprietary process and focuses particularly on aggregate recovery. It strengthens Northstar’s intellectual property protection as the company works to commercialize its recycling technology.
On September 1, 2026, Northstar released its financial and operating results for the three months ended June 30, 2026. The company reported revenue of C$208,873, up approximately 46.6% from C$142,487 in the same quarter of 2025. However, the result was substantially below the approximately C$596,800 revenue estimate published before the earnings release.
Gross profit totaled C$54,019, compared with C$194,780 in the prior-year quarter. The year-over-year decline was mainly related to C$132,779 in Emissions Reduction Alberta grant funding that had been allocated to cost of sales in Q2 2025.
Northstar reported a loss and comprehensive loss of C$3.05 million, compared with a loss of C$3.13 million in the same period last year. The loss was equivalent to approximately C$0.02 per share, rather than the C$0.01 loss per share forecast before the report.
The company ended the quarter with cash and cash equivalents of C$6.16 million, up from C$2.04 million one year earlier but down from C$12.66 million at the end of the first quarter. Northstar remains unprofitable and may require additional financing as it ramps up commercial operations.
Operationally, Northstar continued to advance its Empower Calgary facility. Processing exceeded 100 tonnes per day during June and reached a peak of more than 120 tonnes per day. After the quarter ended, the facility achieved a new peak processing rate of more than 160 tonnes per day during July.
Northstar subsequently paused processing to accelerate previously planned upgrades, perform maintenance, and address reliability issues identified during the facility’s ramp-up. The upgrades were commissioned in August, and management said the facility was expected to resume normal operations shortly.
The company also achieved Emissions Reduction Alberta’s Milestone 4 sustained-production target. Northstar expects to receive the associated grant payment, while approximately C$708,000 in remaining project holdbacks could be released after the company completes and files its final project report.
Northstar’s new U.S. patent and improving processing capacity support the long-term commercial potential of its technology. Nevertheless, investors should consider the company’s continuing losses, declining cash balance, limited commercial revenue, facility reliability issues, and potential need for additional capital.
