08:37 AM EDT, 07/28/2025 (MT Newswires) -- Northstar Clean Technologies ( ROOOF ) said Monday that it raised $3.6 million in a private placement.

Northstar said it will use the funds to transition the company to commercial operations and fund ongoing business development efforts for the Hamilton facility in Ontario and its first US site.

"This infusion of capital will support both the transition to commercial operations for the Calgary facility and the continued business development of our expansion targets," said Aidan Mills, Northstar's president and CEO. "With our technology proven, we are fast approaching the inflection point characterized by commercial production in Calgary and expansion plan certainty for Hamilton and US#1."

Under the offering, the company issued 11,926,664 units at $0.30 apiece. Each unit

Each unit consists of one share and one warrant. Each warrant can be exercised for $0.45 per share for 36 months.