Northstar Secures $1M Debenture Financing to Scale Calgary Shingle Recycling Facility
Event summary
- $1M second closing of unsecured debentures completed on January 28, 2026, with terms similar to December 2025 offering.
- 200 units issued, each with $5,000 face value debenture and 2,500 warrants at $0.35 exercise price.
- Proceeds earmarked for Empower Calgary facility ramp-up and general corporate purposes.
- $45,000 finder's fee paid to Leede Financial for majority of financing.
- Final TSXV acceptance pending for transaction completion.
The big picture
This $1M debenture financing represents Northstar's continued effort to scale its proprietary asphalt shingle recycling technology without excessive equity dilution. The focus on unsecured debt financing aligns with broader trends in sustainable infrastructure funding, where investors increasingly prioritize circular economy solutions. The Calgary facility's ramp-up comes as construction waste management regulations tighten across North America, potentially creating first-mover advantages for Northstar.
What we're watching
- Operational Milestones
- How the late February operational update will demonstrate progress at Empower Calgary facility.
- Market Validation
- Whether existing investors' full subscription signals confidence in Northstar's technology and execution.
- Financial Strategy
- The pace at which Northstar can secure additional non-dilutive financing to support expansion.
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