11:06 AM EST, 11/06/2025 (MT Newswires) -- Aduro Clean Technologies ( ADUR ) on Thursday said its wholly owned subsidiary, Aduro Clean Technologies Europe B.V., has executed a non-binding letter of intent (LOI) for the proposed purchase of land, buildings, and equipment associated with a brownfield industrial site in the Netherlands for a purchase price of 2 million euros.

Aduro will also pay the vendor a non-refundable fee of 33,782 euros for the exclusive use of the property during the due diligence period, said the company.

A statement noted that the property is being evaluated as the potential host for Aduro's demonstration plant, marking the next stage in the company's structured scale-up from its Next Generation Process (NGP) Pilot Plant.

"While the immediate priority for the property is the construction and commissioning of the Demonstration Plant, the site preserves the option for future expansion to a capacity of up to 25,000 tonnes per year," said the company.

The diligence period is until Jan. 15, 2026, with a targeted close on or before Feb. 28, 2026, subject to customary conditions, approvals, and satisfactory due diligence.

The company also stated that it continues to pursue other potential locations in parallel and expects to make a final site selection in January 2026 as part of a structured plan to advance the Hydrochemolytic technology (HCT) from pilot-scale validation toward demonstration-scale through a facility targeted for readiness by early 2027.

The proposed transaction remains subject to due diligence, negotiation of definitive agreements, and customary conditions and approvals, added the company.

"The team is applying the same disciplined approach used in developing the Next Generation Process (NGP) Pilot Plant, identifying a site that meets our rigorous evaluation standards while preserving the option for future expansion to commercial scale operations," said Aduro's Chief Executive Officer, Ofer Vicus. "Additional industrial sites are also being evaluated to ensure selection of the optimal location for advancing the Demonstration Plant phase. This structured approach reduces execution risk and maintains focus on process integration, performance validation, and customer engagement."

Shares of the company were last seen down $0.65 to $18.00 on the Canadian Securities Exchange.

Price: 18.00, Change: -0.65, Percent Change: -3.49