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Ontario Development Information workers author
HAMILTON – Northstar Clear Applied sciences Inc. (TSXV: ROOF, OTCQB: ROOOF) has signed a non-binding letter of intent (LOI) with Nice Lakes Port Administration Inc. (GLPM), a subsidiary of the Hamilton-Oshawa Port Authority (HOPA), for a long-term lease of a property in Hamilton, Ontario, to host the corporate’s deliberate Empower Hamilton Facility.
The LOI outlines a 15-year lease time period with three five-year extensions for a website that can embrace an acceptable working constructing and 4 acres of land. The ability will course of between 40,000 and 80,000 tonnes of asphalt shingle waste yearly, diverting it from native landfills.
“We are excited to announce our expansion into Ontario and the future site of the Empower Hamilton Facility,” mentioned Aidan Mills, president and CEO of Northstar. “This location, in partnership with HOPA, is ideal for our first commercial operation in Ontario. We look forward to working with HOPA and making a significant contribution to reducing landfill waste in southern Ontario.”
Ian Hamilton, president and CEO of HOPA, welcomed the collaboration, emphasizing the strategic advantages of the Hamilton location.
“HOPA is proud to support this innovative solution for Southern Ontario’s housing and construction sectors. The facility will be located on repurposed industrial land, supported by our multimodal transportation infrastructure.”
The Hamilton website was chosen for its sturdy industrial base, proximity to key trade companions, and a big feedstock provide from each Hamilton and the Better Toronto Space (GTA), which has a inhabitants of over 7 million.
“While our primary focus remains on completing construction at the Empower Calgary Facility, securing the Hamilton site allows us to begin permitting, government grant applications, and feedstock negotiations in early 2025,” Mills mentioned.
Northstar hosted a digital investor webcast on Monday to debate its third-quarter 2024 outcomes and supply an replace on enterprise developments. The webcast, out there for replay, lined key updates together with the progress on the Empower Hamilton Facility and the corporate’s general development technique.
Northstar Clear Applied sciences is a pacesetter in sustainable recycling options, centered on the restoration of supplies from asphalt shingles to be used within the development trade. The corporate operates throughout Canada and helps the round economic system by diverting development waste from landfills.
The Hamilton-Oshawa Port Authority (HOPA) manages the ports and marine terminals in Southern Ontario, facilitating commerce and supporting native financial growth with multimodal transportation property, together with rail and port entry.
