Aduro Secures Full Funding, Fueling Next-Gen Clean Tech Plant

LONDON, Ontario – January 30, 2026 – Aduro Clean Technologies has solidified its financial position for a pivotal year, announcing today the full exercise of its underwriter's over-allotment option. The move injects an additional US$3 million into the company, capping a highly successful public offering and signaling robust investor confidence in its innovative chemical recycling technology.

This latest capital infusion brings the total gross proceeds from its recent U.S. public offering to approximately US$23 million. This funding is critical as Aduro prepares to move from the laboratory to large-scale application, with the primary goal of constructing a Demonstration-Scale Plant designed to prove its technology's commercial viability.

Investor Confidence and Market Momentum

The full exercise of the over-allotment option by lead underwriter D. Boral Capital LLC is more than a simple transaction; it is a powerful vote of confidence from the market. This mechanism, typically reserved for offerings with high demand, allowed the underwriter to sell an additional 260,869 common shares. It indicates that the initial public offering, which raised US$20 million in December 2025, was met with an appetite for more.

This success is the culmination of a deliberate and strategic push for market presence and capital. Over the past year and a half, Aduro has raised approximately US$31 million in gross proceeds through a series of financing events. This includes a US$8 million public offering in June 2025 and a foundational US$4 million offering tied to its uplisting to the Nasdaq Capital Market in November 2024 under the ticker symbol “ADUR.”

The consistent backing, managed by financial partners like D. Boral Capital and financial advisor Roth Capital Partners, highlights a sustained belief in Aduro’s growth trajectory. Roth Capital Partners, in particular, is known for its focus on disruptive growth sectors, including sustainability, lending further credibility to Aduro's potential. This financial momentum provides the company with a crucial runway as it transitions from a research-focused entity to a commercial-ready enterprise.

From Lab to Industrial Scale: The Crucial Demonstration Plant

The vast majority of the newly raised capital is earmarked for a single, transformative project: the construction of Aduro’s first Demonstration-Scale Plant. This facility represents the critical bridge between patented technology and industrial-scale revenue. It is here that the company will prove that its unique process can operate efficiently, reliably, and economically outside the controlled environment of a lab.

Progress on this front is already tangible. Just this week, Aduro announced its selection of the Chemelot Industrial Park in the Netherlands as the site for its first-of-a-kind industrial plant. This strategic location in a major European chemical and materials hub provides access to infrastructure, a skilled workforce, and potential partners, significantly de-risking the project's execution.

The demonstration plant will serve multiple purposes. Primarily, it will validate the scalability of Aduro’s core technology for potential licensees. It will process larger volumes of feedstocks—such as waste plastics, heavy bitumen, and renewable oils—transforming them into valuable resources. Success at this scale is the key to unlocking the company’s business model, which is centered on licensing its technology and earning royalties from industrial partners rather than owning and operating a vast network of plants itself.

The Science of Transformation: Aduro's Hydrochemolytic™ Technology

At the heart of Aduro's promise is its patented Hydrochemolytic™ technology. This innovative platform represents a significant departure from traditional recycling and upgrading methods, which often rely on high heat, high pressure, and expensive catalysts. In contrast, Aduro’s process utilizes water as a critical agent to break down and reform complex molecules at relatively low temperatures and pressures.

This approach offers several game-changing advantages. For waste plastics, it promises a way to chemically recycle materials that are currently unrecyclable, diverting them from landfills and oceans. For the energy sector, it can convert low-value heavy crude oil and bitumen into lighter, more valuable crude, reducing the environmental footprint of extraction and refining. In the renewables space, it can transform agricultural oils into higher-value biofuels and green chemicals.

The company’s intellectual property is protected by a portfolio of ten patents, with seven granted and three pending. Further validation comes from its successful graduation from the prestigious Shell GameChanger program in December 2025, an initiative by the energy giant to identify and accelerate promising early-stage technologies. This external validation, combined with a strong patent foundation, provides a solid technical basis for the company's commercial ambitions.

The Financial Realities and Path Forward

Like many pre-commercial technology companies, Aduro's financial statements reflect its current stage of development. The company has reported negative cash flows from operating activities as it invests heavily in research, development, and personnel. For the fiscal year ending May 31, 2025, the company reported an operating cash outflow of nearly US$9 million. This “cash burn” is a standard and necessary part of bringing a capital-intensive technology to market.

The recent influx of over US$30 million is therefore not just a bonus but a strategic necessity. It provides the financial runway needed to fund the construction of the demonstration plant and cover operational expenses until the company can begin generating significant licensing revenue. While the issuance of new shares and warrants does dilute the ownership of existing shareholders, it is a common trade-off made to fund growth that could generate far greater value in the long term.

With its technology validated by industry experts, its first major plant site selected, and its coffers replenished, Aduro Clean Technologies now faces the critical task of execution. The journey from a promising concept to a global standard is fraught with challenges, but its recent market success suggests that investors believe the company is well-equipped to meet them.