VANCOUVER, BC and CALGARY, AB, Dec. 2, 2024 /PRNewswire/ – Northstar Blank Applied sciences Inc. (TSXV: ROOF) (OTCQB: ROOOF) (“Northstar” or the “Company”) is happy to announce that it has signed a non-binding letter of intent (the “LOI”) with Superb Lakes Port Control Inc. (“GLPM”), a subsidiary of the Hamilton-Oshawa Port Authority (“HOPA”), for a long-term hire for an commercial zoned feature situated in Hamilton, Ontario (the “Property”) because the web site for the Corporate’s deliberate facility in southwestern Ontario (the “Empower Hamilton Facility”).

The LOI is for an preliminary expression of 15 years, with 3 extension choices of 5 years every. Industrial phrases are in response to GLPM offering an appropriate running development for Northstar along with a 4-acre web site.

Mr. Aidan Generators, President & CEO and Director of Northstar, mentioned, “We are excited to make our first public announcement regarding our expansion into Ontario. The future site of the Empower Hamilton Facility, with our long-term landlord, HOPA, is an ideal location for our first commercial facility in Ontario and we look forward to making a meaningful difference to southern Ontario’s landfills by diverting between 40,000 to 80,000 tonnes of asphalt shingle waste every year. It has been a true pleasure collaborating with HOPA to secure this site, and we look forward to establishing a long-term partnership that brings mutual benefits for many years to come.”

“HOPA is proud to be enabling this circular economy innovation in Southern Ontario’s housing and construction sector,” mentioned Ian Hamilton, President & CEO, HOPA Ports. “This new facility will be located on repurposed industrial lands, supported by HOPA’s extensive multimodal transportation assets.”

Mr. Generators added, “While our primary focus remains on completing construction at the Empower Calgary Facility, we are happy to have completed our business development initiatives in southern Ontario. Having a location secured allows us to now commence permitting and government grant applications in early 2025, and to enter into advanced negotiations for feedstock and off-take agreements for the future Empower Hamilton Facility.”

The Corporate decided on the HOPA web site in Hamilton, ON for refer to causes:

• Sturdy spouse (HOPA) with an important building monitor report of supporting cutting edge funding alternatives
• Akin proximity to primary trade companions
• Beneficial commercial land choice with simple get entry to to the ports and rail thru Hamilton Container Terminals (“HCT”)
• Important feedstock provide from Hamilton (est. pop. 785,000^([1])) and larger than 7 million within the Higher Toronto Segment (“GTA”)^([2]), which is Canada’s biggest metropolitan branch through nation and the 7^th biggest metropolitan branch in North The usa ⁽³⁾

Investor Webinar
The Corporate will host a digital investor webcast to talk about its 3rd quarter 2024 effects and to lend a trade replace to the funding society then these days, Monday, December 2, 2024 at 14:00 PDT / 17:00 EDT. Main points are supplied underneath.

Matter: Northstar Blank Applied sciences 3rd Quarter Monetary Effects Webcast
Life: Monday, December 2, 2024
Generation: 14:00 PDT / 17:00 EDT
Registration: https://us06web.zoom.us/webinar/register/9317315268247/WN_htnUetiTQGeulGFcjrV9mg

Roughly two hours upcoming the Q&A consultation has ended, an archived model of the webcast will probably be to be had by the use of the webcast URL above.

Concerning the Hamilton-Oshawa Port Authority
As an built-in port community, the Hamilton-Oshawa Port Authority (HOPA) Ports do business in cutting edge port and marine property in Hamilton, Niagara and Oshawa, Ontario, Canada. We’re creating multimodal areas to help industries and facilitate industry. By way of making an investment in infrastructure and prioritizing sustainability, we’re development wealthy operating waterfronts in Ontario communities.

For more info on HOPA, please talk over with https://www.hopaports.ca/.

About Northstar
Northstar Blank Applied sciences Inc. is a Canadian blank generation corporate targeted at the sustainable medication and reprocessing of asphalt shingles. Northstar has evolved a proprietary design procedure for taking discarded asphalt shingles, in a different way destined for already over-crowded landfills, and extracting the liquid asphalt for worth in pristine scorching combine asphalt, shingle production and asphalt flat roof programs, and mixture and fiber for worth in building merchandise and alternative commercial programs. Targeted at the round economic system, Northstar plans to reprocess impaired or faulty asphalt shingle misspend again into its 3 number one parts for reuse/resale at its first business scale up facility in Calgary, Alberta. As an rising innovator in sustainable processing, Northstar’s undertaking is to be the chief within the medication and reprocessing of asphalt shingles in North The usa, extracting the recovered parts from asphalt shingles that will in a different way be despatched to landfill.

For additional details about Northstar, please talk over with www.northstarcleantech.com.

On Behalf of the Board of Administrators,
Aidan Generators
President & CEO, Director

Cautionary Observation on Ahead-Having a look Data

Neither the TSX Mission Trade nor its Law Products and services Supplier (as that expression is outlined within the insurance policies of the TSX Mission Trade) accepts duty for the adequacy or accuracy of this let fall. The TSX Mission Trade has neither licensed nor disapproved the contents of this press let fall.

This press let fall might comprise ahead‐searching knowledge throughout the which means of acceptable securities law, which ahead‐searching knowledge displays the Corporate’s stream expectancies referring to past occasions. Ahead-looking statements are regularly known through the phrases “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or related expressions. Ahead-looking statements on this press let fall come with statements relating to: (i) the predicted execution of a definitive hire word with HOPA; (ii) the predicted building and development of the Empower Hamilton Facility and, in connection therewith, its estimated capacity of diverting 40,000  to 80,000 tonnes of asphalt shingles in step with pace clear of Hamilton branch landfills; and (iii) Northstar’s talent to change into a pacesetter within the medication and reprocessing of asphalt shingles in North The usa. Such statements are topic to dangers and uncertainties that can purpose unedited effects, efficiency or traits to range materially from the ones contained within the statements, together with: dangers matching to elements past the keep an eye on of the Corporate; lack of ability of the Corporate to blast on its trade plans; the Corporate might require supplementary financing which is probably not accessible or on beneficial phrases; financial suspicion; and the hazards and uncertainties which can be extra totally described underneath the heading “Risk Factors” within the Corporate’s annual and quarterly control’s dialogue and research and alternative filings with the Canadian securities regulatory government underneath the Corporate’s profile on SEDAR+. Deny word of honour can also be for the reason that any of the occasions expected through the forward-looking statements will happen or, in the event that they do happen, what advantages the Corporate will download from them. The Corporate does now not adopt any legal responsibility to replace such ahead‐searching knowledge whether or not on account of pristine knowledge, past occasions or in a different way, with the exception of as expressly required through acceptable legislation.

Must a number of of those dangers or uncertainties materialize, or will have to suppositions underlying the forward-looking statements end up wrong, unedited effects might range materially from the ones described herein as supposed, deliberate, expected, believed, estimated or anticipated. Even if the Corporate has tried to spot remarkable dangers, uncertainties and elements which might purpose unedited effects to range materially, there is also others that purpose effects to not be as expected, estimated or supposed and such adjustments may well be subject matter. The Corporate does now not intend, and don’t suppose any legal responsibility, to replace the forward-looking statements with the exception of as in a different way required through acceptable legislation.

SOURCE Northstar Blank Applied sciences Inc.

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