ADUR

LONDON, Ontario, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, has filed its audited consolidated financial results for the year ended May 31, 2026, and is pleased to provide the following highlights. Unless otherwise indicated, all financial information in this press release is reported in Canadian dollars. “Fiscal 2026 marked an important transition in Aduro’s development,” said Ofer Vicus, Chief Executive Officer of Aduro. “We moved the Next Generation Process (“NGP”) Pilot Plant from construction and commissioning into structured operating campaigns, while advancing the First-of-a-Kind (“FOAK”) Program at Chemelot and establishing clearer commercial pathways through offtake, licensing and downstream validation. These workstreams are increasingly connected: pilot operations are generating the data required to refine process conditions and equipment choices, while engagement with commercial and engineering organizations is helping define product requirements, project configuration and potential market pathways.” “Subsequent to year-end, the latest NGP operating campaign demonstrated steady-state operation and strong liquid hydrocarbon recovery, while additional programs with AstroTurf and ECOCE expanded our work on complex plastic waste streams. We also advanced the paraffinic crude program into continuous-flow development. Together, these activities reflect a disciplined, data-driven approach to building technical confidence and preparing Aduro for the next stage of scale-up.” “Fiscal 2026 was a year of deliberate investment in pilot plant operations, engineering, technical personnel and project development,” said Mena Beshay, Chief Financial Officer of Aduro. “We allocated capital to these priorities while strengthening the Company’s access to capital and broadening our capital-markets presence through our listing on the Toronto Stock Exchange. We maintained financial discipline throughout the year, closing fiscal 2026 with a cash position of $38.3 million. Subsequent to year end, Aduro received approximately $31 million in gross proceeds from a U.S. public offering and a non-brokered private placement further strengthening the balance sheet and increasing the resources available to support FOAK design, engineering and construction, ongoing research and development, and working capital. As we enter fiscal 2027, our focus remains on disciplined deployment of capital against defined technical and project milestones.” Fourth Quarter Fiscal 2026 – Financial Highlights (three and twelve months ended May 31, 2026) Loss from operations was $12,433,092 for Q4 2026, compared to $3,716,774 for Q4 2025. Year-to-date loss for the twelve months ended May 31, 2026, was $26,849,013 compared to $12,145,790 for the twelve months ended May 31, 2025. This increase was primarily driven by higher non-cash share-based compensation and a non-cash loss resulting from the revaluation of the Company’s derivative financial liability. Additionally, research and development costs, technology scale-up activities, and other corporate expenses associated with the Company’s Nasdaq and TSX listing have also increased. Excluding non-cash items and other income, adjusted EBITDA1 was $(2,411,996) for Q4 2026, compared to $(2,691,266) for Q4 2025. Year-to-date adjusted EBITDA1 for the twelve-months ended May 31, 2026, was $(10,737,869) compared to $(8,166,036) for the twelve-months ended May 31, 2025. Quarterly revenue for Q4 2026 was nil compared to $74,670 in Q4 2025. Year-to-date revenue for the twelve-months ended May 31, 2026, was $167,206, a net decrease of 28% compared to $231,212 for the twelve-months ended May 31, 2025. The Company’s current revenue is earned through the completion of services under Customer Engagement Programs (“CEP”) for evaluation of the Company’s technology and collaboration work. This revenue is non-recurring and varies with the timing and scope of the evaluation projects. Quarter-over-quarter differences reflect the balance of the Company’s resources allocated between scale-up activities, ongoing technical analysis, and customer evaluation programs. At May 31, 2026, the carrying cost of property, plant and equipment was $10 million compared to $5.1 million at May 31, 2025, representing an increase of $4.9 million. This increase was primarily driven by investment in the NGP Pilot Plant, FOAK industrial facility and associated laboratory and facility infrastructure. The Company strengthened its cash position to $38.30 million as of May 31, 2026, compared to $6.96 million at May 31, 2025. This increase was primarily driven by two U.S. public offerings which generated net cash proceeds of approximately $39.95 million, partially offset by cash used in operating and investing activities during the year. Subsequent to May 31, 2026, Aduro received gross proceeds of US$15.64 million from a U.S. public offering, $9.16 million from a non-brokered private placement, and approximately $1.56 million from the exercise of options and warrants, further strengthening the Company’s balance sheet. Reconciliation of Adjusted EBITDA (Non-GAAP) to Loss from Operations (GAAP) Explanations of Adjustments: Share-based compensation: Non-cash expense for stock options and awards. Change in fair value of derivative financial liability: Non-cash gain/loss from revaluation of financial instruments. Depreciation & amortization: Non-cash charges related to property, plant, and equipment and intangible assets. Other Income: Interest earned on cash deposits and other non-recurring income. Selected Comparative Financial Information for the three and twelve months ended May 31, 2026 Fourth Quarter 2026 – Corporate Highlights and Subsequent Events Offtake and Licensing Initiatives Advance Commercialization ProgramIn March 2026, Aduro signed a non-binding Letter of Intent with a leading independent international commodities trading company to establish a Pilot-to-FOAK validation program for Hydrochemolytic™ oil. The first phase is intended to evaluate product characteristics, reproducibility and alignment with downstream processing requirements using output from the NGP Pilot Plant. The second phase includes a commitment to purchase the initial production parcel from the FOAK Plant, subject to the terms and conditions of the program. The engagement connects Pilot Plant product validation with an initial commercial pathway and is intended to support product-specification development, downstream customer qualification and market positioning for Hydrochemolytic™ oil. MOU to Develop a Commercial Licence PackageIn March 2026, Aduro entered into a non-binding Memorandum of Understanding with a leading global engineering, procurement and construction (“GEPC”) organization to jointly develop a commercial licence package and pre-engineered plant concept for Hydrochemolytic™ Technology (HCT). The GEPC is one of the top global engineering, procurement, and construction organizations and has extensive experience in designing and delivering complex process plants for energy and chemical sectors. Work under the MOU is expected to combine the Company’s chemistry and process know-how with the GEPC’s advanced engineering and project-delivery capabilities. The work is intended to translate the technology into a repeatable project configuration that prospective licensees can evaluate for industrial deployment. Operating information from the NGP Pilot Plant and future operating experience from the FOAK Plant are expected to inform the engineering basis for the licence package. Engagement of Water Tower ResearchIn March 2026, the Company engaged Water Tower Research LLC, an institutional research and investor engagement firm, to provide comprehensive research coverage and strategic investor engagement services beginning April 1, 2026. The engagement is intended to enhance visibility within the institutional investment community by communicating the Company’s operating progress, FOAK development activities and commercialization initiatives to institutional and other investors. Membership in Chemical Recycling EuropeIn March 2026, Aduro joined Chemical Recycling Europe (“CRE”), expanding its participation in European industry initiatives related to chemical recycling. CRE provides a forum for engagement on regulatory frameworks, certification systems, mass-balance accounting, and policy development that are relevant to the FOAK Program at Chemelot and the potential deployment of HCT in European circular-plastics value chains. The membership also supports Aduro’s participation in discussions surrounding emerging regulatory frameworks, including EU Packaging and Packaging Waste Regulation (“PPWR”). Permitting Contract for FOAK FacilityIn April 2026, Aduro awarded Ebert HERA B.V. a contract to lead the permitting process for the FOAK Facility at Chemelot Industrial Park. Ebert HERA was selected based on its established role within the Chemelot ecosystem and experience coordinating permitting processes across multiple regulatory bodies in the Netherlands. Under the contract, Ebert HERA will lead preparation and coordination of civil and environmental permit applications, safety, health and environmental assessments, and engagement with relevant regulatory agencies. The permitting scope is being developed to accommodate the initial FOAK Plant and potential future capacity expansion as part of the Company’s long-term plan to develop the broader FOAK Facility into a commercial-scale site. Paraffinic Crude Development Expands Petroleum ApplicationsIn April 2026, Aduro reported bench-scale results extending the potential application of HCT to highly paraffinic crude oils. Testing of Uinta Basin yellow-wax and black-wax feedstocks demonstrated reduced wax content and production of a lighter crude that remained stable at ambient conditions at the bench scale. The Company filed a continuation-in-part patent application with the United States Patent and Trademark Office in connection with this development. The work established a technical basis for further evaluation of HCT across a broader range of paraffinic crude feedstocks and operating conditions. In May 2026, Aduro appointed industry veteran Scott Smith, M.A.Sc., P.Eng., as Program Director, Petroleum Technology Solutions. Mr. Smith was engaged to advance HCT applications for bitumen and paraffinic crude upgrading, including potential integration approaches, test campaigns and scale-up pathways. Aduro also joined the Utah Petroleum Association, expanding engagement with producers, refiners, midstream operators and service providers active in the Uinta Basin. The membership provides a forum to evaluate operating requirements, integration considerations and potential industry collaboration as the paraffinic crude program advances from laboratory validation toward structured pilot-scale engagement with industry. Toronto Stock Exchange ListingIn May 2026, Aduro received final approval to list its common shares on the Toronto Stock Exchange under the symbol “ACT”. Trading commenced on May 27, 2026, replacing the Company’s listing on the Canadian Securities Exchange. Aduro common shares continued to trade on the Nasdaq Capital Market under the symbol “ADUR” and the Frankfurt Stock Exchange under the symbol “9D5”. Technical, Industry and Investor EngagementDuring the fourth quarter, Aduro continued its technical, industry, policy and investor engagement across North America, Europe, Asia and Latin America. Activities included investor events hosted by ROTH Capital Partners, Lytham Partners, Gabelli Funds, Water Tower Research, D. Boral Capital and LD Micro, as well as industry participation at Residuos Expo, AMI Chemical Recycling North America, Alberta Circular Plastics Day, the Cleantech Outreach Program to South Korea, GO CIRCULAR, ECOMONDO Mexico, Plastics Recycling Show Europe, Plastic Recycling LATAM, Alberta Chemistry and Plastics Day and the CIAC Queen’s Park Advocacy Day. These activities supported engagement with recyclers, waste-management organizations, resin and petrochemical producers, brand owners, policymakers and other participants relevant to the commercialization and FOAK programs. These engagements provided opportunities to communicate progress in NGP Pilot Plant operations, FOAK development and commercialization initiatives, while supporting dialogue with recyclers, waste-management organizations, resin and petrochemical producers, policymakers, investors and other stakeholders relevant to the Company’s scale-up pathway. Subsequent Events Jan Lemmens Appointed Project Director for FOAK FacilityIn June 2026, Aduro appointed Jan Lemmens as Project Director for the FOAK Facility at Chemelot. Mr. Lemmens brings more than three decades of industrial leadership experience across European specialty materials, plastics and chemical processing industries, with roles ranging from industrial project delivery, chemical-plant operations, engineering coordination and site execution. His responsibilities include coordinating engineering, permitting, supplier and contractor interfaces, site-level planning and preparation for construction and operations. He will also support coordination between project activities in the Netherlands and Aduro's Canadian engineering, operations and logistics teams, and help develop the local operating organization. The appointment added local industrial project leadership as the FOAK Program progressed from early development into structured project delivery. NGP Pilot Plant Campaign ProgressIn June 2026, Aduro reported results from an NGP Pilot Plant campaign conducted under its 24-hour, four-day operating model. Excluding startup and shutdown, the plant operated continuously for 47 hours using polypropylene recovered from waste plastics. Steady-state conditions were achieved after approximately 12 hours and maintained for a further 35 hours. During the steady-state period, liquid hydrocarbon recovery represented approximately 86% of the mass of polypropylene fed to the reactor. Approximately 85% of the recovered liquid consisted of hydrocarbons with carbon numbers of C20 and below. The campaign also demonstrated that steady-state conditions could be re-established within approximately two hours following intentional changes to operating conditions. The data are being used to refine operating parameters, support planning for longer-duration campaigns and inform the design basis for the FOAK Plant. Strengthened Capital Position with Successful U.S. Public Offering and Non-Brokered Private PlacementIn June 2026, Aduro completed an underwritten U.S. public offering of 1,028,645 common shares at US$15.20 per share, generating gross proceeds of approximately US$15.64 million. Proceeds are intended to support the design, engineering and construction of the FOAK Plant, ongoing research and development, general corporate purposes and working capital. Additionally, the Company completed a non-brokered private placement, under the Listed Issuer Financing Exemption (the “LIFE Offering”), issuing 431,884 common shares at C$21.20 (US$15.20) per share for gross proceeds of approximately C$9.16 million (US$6.56 million). Proceeds from the LIFE Offering are intended to support technology development, commercialization activities, working capital and general corporate purposes. Ortessa MOU Advances FOAK Plant Feedstock LogisticsIn June 2026, Aduro Clean Technologies Europe B.V. signed a non-binding Memorandum of Understanding with Ortessa Groep B.V., a Dutch group of waste-management companies, to evaluate development of a feedstock logistics centre supporting the FOAK Plant at Chemelot. The parties intend to evaluate the identification and aggregation of suitable post-use plastic streams, feedstock preparation requirements, quality-control systems, documentation, inventory management, storage and transportation. The collaboration is intended to support a reliable supply of suitable, specification-ready post-use feedstock for startup and operation of the FOAK Plant while preserving logistics capacity for potential future expansion of the broader FOAK Facility. AstroTurf MOU Advances Synthetic-Turf Recycling EvaluationIn June 2026, Aduro and AstroTurf Corporation signed a Memorandum of Understanding to evaluate the application of HCT to end-of-life synthetic turf. The collaboration is intended to examine how mechanical pretreatment and HCT conversion could support a technical and economic pathway for recovery of polyethylene and polypropylene fractions and their conversion into liquid hydrocarbons suitable for use as circular feedstock in existing petrochemical infrastructure. The work is expected to consider field recovery, disassembly, de-infill, separation of non-target materials, preparation of the polyolefin-rich fraction and management of associated side streams. The engagement builds on previously disclosed laboratory testing of post-use synthetic-turf materials. ECOCE Collaboration Advances to HCT TestingIn July 2026, Aduro and ECOCE, A.C. completed Phase 1 feedstock mapping and stream selection under their Mexico plastics collaboration. Selected post-consumer flexible and multilayer packaging streams are advancing to an HCT test campaign intended to evaluate conversion into liquid hydrocarbon products for downstream circular-plastics applications. The selected materials include flexible polyethylene, flexible polypropylene and multilayer packaging formats with varying structures and contamination profiles. The next phase will begin with laboratory-scale HCT testing, with progression to the NGP Pilot Plant subject to the results of the initial evaluation. The objective is to evaluate whether HCT can provide a route to recover hydrocarbon value from flexible packaging streams that are not well suited to mechanical or physical recycling. Paraffinic Crude Program Advances to Continuous-Flow DevelopmentIn July 2026, Aduro reported that it had secured yellow-wax and black-wax paraffinic crude feedstocks from multiple Uinta Basin sources in quantities sufficient to support longer-duration testing. The Company completed the design, construction and testing of a dedicated lab-scale continuous-flow unit for the paraffinic crude program. The unit is distinct from the Company’s existing R2 systems and provides additional capacity for sustained testing as the program advances through technology demonstration toward process development and optimization. Aduro also expanded its London, Ontario facility by approximately 4,600 square feet and consolidated operating activities and equipment previously located in Sarnia, Ontario. The current program is intended to establish an operating envelope and evaluate conversion, yield, product characteristics, stability and fouling potential across multiple paraffinic crude feedstocks. The results will help determine whether the program should advance into Process Development and Optimization under extended continuous-flow operation.Saipem Selected for FOAK Engineering and Procurement SupportIn August 2026, Aduro selected Saipem S.p.A. (“Saipem”) to provide Early Works engineering and procurement support for the planned FOAK Plant at Chemelot. The initial scope includes review of the Process Design Package, optimization of critical equipment packages, preliminary utility integration and refinement of capital cost estimates, incorporating operating data from the NGP Pilot Plant. Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore, is recognized globally for delivering complex industrial and energy infrastructure projects and brings extensive experience in process engineering, modular project execution, downstream facilities, and industrial-scale technology deployment. The work establishes a structured, stage-gated engineering and project execution pathway for the FOAK Program that aligns engineering development with technical validation. Subject to completion of the Early Works phase, continued project evaluation and definitive agreements, the collaboration may progress into Front-End Engineering Design (“FEED”) and subsequent detailed engineering, procurement, construction, commissioning and start-up activities. Post-Year-End Technical and Investor EngagementFollowing year-end, Aduro participated in AMI Chemical Recycling Europe, Future of Advanced Recycling North America, the Canadian Climate Investor Conference and the ROTH London Conference, and subsequently participated in the Canaccord Genuity Annual Growth Conference 2026. These activities included technical presentations addressing product quality, feedstock flexibility, downstream integration and the practical requirements for industrial deployment, as well as investor presentations, panel participation and institutional meetings following the Company’s listing on the TSX. Technical presentations also highlighted progress in advancing Hydrochemolytic™ Technology from pilot-scale validation toward FOAK industrial planning and commercialization. Complete copies of the Company’s audited consolidated financial statements and Management’s Discussion and Analysis for the year ended May 31, 2026, are available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Note:(1) Non-GAAP measure. Earnings before interest, taxes, depreciation, and amortization ("EBITDA") and Adjusted EBITDA should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as earnings before interest, taxes, and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation, change in fair value of derivative financial liability, and acquisition related expenses. The Company believes that EBITDA and Adjusted EBITDA are meaningful financial metrics for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements and fund future growth initiatives. Non-IFRS measuresThis news release presents information about EBITDA and Adjusted EBITDA, both of which are non-IFRS financial measures, to provide supplementary information about operating performance. Aduro defines EBITDA as net income or loss before interest, income taxes, depreciation, and amortization. Adjusted EBITDA removes non-cash share-based compensation and non-cash change in fair value of derivative financial liability from EBITDA. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements and fund future growth initiatives. EBITDA and Adjusted EBITDA are not intended as a substitute for IFRS measures. A limitation of utilizing these non-IFRS measures is that the IFRS accounting effects of the adjustments do in fact reflect the underlying financial results of Aduro's business and these effects should not be ignored in evaluating and analyzing Aduro's financial results. Therefore, management believes that Aduro's IFRS measures of net loss and the same respective non-IFRS measure should be considered together. Non-IFRS measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Head of Corporate Development / Investor [email protected]+1 226 784 8889 Forward-Looking Statements This news release contains forward-looking statements within the meaning of applicable Canadian and United States securities laws. Forward-looking statements include, but are not limited to, statements concerning continued operation and extension of campaigns at the NGP Pilot Plant; progression toward longer-duration operating campaigns and sustained Pilot Plant operations; interpretation and use of Pilot Plant operating, yield and product-quality data; development, design, engineering, permitting, financing and construction of the FOAK Plant and the broader FOAK Facility at Chemelot; the anticipated contributions of the FOAK Project Director; development of feedstock preparation and logistics systems for the FOAK Plant; the scope and progression of Early Works with Saipem and the potential progression of the engagement into Front-End Engineering Design (“FEED”) and subsequent engineering, procurement, construction, commissioning and start-up activities; development of a commercial licence package and pre-engineered plant concept; progression of the Pilot-to-FOAK product-validation and offtake program; evaluation of flexible packaging and synthetic-turf feedstocks; development of HCT applications for bitumen and paraffinic crude oils; the anticipated use of proceeds from completed financings; and the Company’s broader scale-up and commercialization pathway. Forward-looking statements are based on management’s current expectations, estimates, assumptions and projections, including assumptions relating to continued performance and availability of the NGP Pilot Plant; the ability to reproduce and extend operating results; the applicability of Pilot Plant data to larger-scale engineering and operation; successful completion of the Early Works activities with Saipem and continued evaluation of the FOAK project; the ability of the parties to agree on subsequent scopes of work and definitive agreements; the availability of suitable feedstocks, personnel, partners, contractors, equipment and capital; the ability to obtain required permits and regulatory approvals; the continued participation of commercial and technical counterparties; the ability to develop suitable feedstock logistics and preparation systems; the ability to protect intellectual property; and stable market, regulatory and economic conditions. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied. These risks include operational challenges or delays in Pilot Plant campaigns; variability in feedstock composition, yields, product quality or process stability; inability to reproduce results at larger scale; delays, changes in scope or cost increases affecting FOAK Plant engineering, permitting, financing, procurement, construction, commissioning or start-up; the possibility that the Saipem engagement may not progress beyond the Early Works phase or result in FEED or subsequent definitive agreements; inability to establish or maintain commercial, licensing, feedstock, logistics, offtake or development relationships; the risk that non-binding letters of intent, memoranda of understanding and other collaboration arrangements may not result in definitive agreements or commercial transactions; the possibility that testing programs may not produce results supporting further development; changes in environmental, chemical-recycling, energy or securities regulations; supply-chain constraints; competition; intellectual-property risks; availability and cost of capital; and other risks described in the Company’s public filings on SEDAR+ and EDGAR. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are made as of the date of this release, and the Company undertakes no obligation to update or revise them except as required by applicable law. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/51eec08d-5f26-41eb-a515-5a9831561993

Latest campaign demonstrates steady-state operation, process robustness, and product-quality consistency LONDON, Ontario, June 09, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today provided an update on results from the latest operating campaigns at its Next Generation Process (NGP) Pilot Plant. Highlights Continuous operation: Latest campaign conducted under Aduro’s current 24/4 operating model, meaning 24-hour operation across a planned four-day campaign window. Steady-state performance: Steady-state conditions were achieved under typical Hydrochemolytic™ conditions and sustained during the defined operational window, with samples collected at regular intervals. Process robustness: Steady-state conditions were re-established within approximately two hours after intentional operating changes, providing data on process-control response and operator procedures. Liquid hydrocarbon recovery: Results showed 86% liquid hydrocarbon recovery over the steady-state window, and 85% of the liquid product consisted of C20-and-below hydrocarbons, a carbon-number range typically associated with naphtha cracker feedstocks. Product quality analysis: Product quality indicators were as expected and comparable to products from batch and R2 experimental campaigns using the same polypropylene recovered from waste plastics. Feedstock selection: Polypropylene recovered from waste plastics was used as a controlled feedstock to establish a reliable operating baseline under defined Hydrochemolytic™ conditions. Next campaign progression: Results support planning for longer-duration campaigns using mixed polypropylene and polyethylene feedstocks, while also informing design inputs for Aduro’s planned first-of-a-kind (FOAK) Industrial Plant. Over the past few months, Aduro has conducted a structured series of operating campaigns as it transitions from commissioning to sustained pilot plant operations with the goal of achieving continuous, longer-duration runs. These campaigns have ranged from single-day tests to four-day operating windows and have progressively evaluated the performance of reactor, feed-handling, and product-recovery systems, and overall operability of the plant under typical process conditions of Hydrochemolytic™ technology. Each campaign has produced practical operating data that has been used to refine startup, stabilization, product recovery and mass balance, and shutdown procedures; establish operating parameters; improve equipment performance; and better integration of the feed-handling, reaction, and product recovery sections of the Pilot Plant into a unified process. Central to this work is achieving and holding steady state – the condition in which the reactor, and the material entering and leaving it, remain stable over time. Sustained steady-state operation is an important measure of process operability because it demonstrates that the feed-handling, reaction, product recovery, and process-control systems can operate together under various operational conditions. As part of this normal pilot plant development process, the Aduro team has completed equipment adjustments, troubleshooting, cleaning, targeted repairs, and procedural refinements. These activities have been incorporated into successive campaigns to improve functionality, reliability, control, and resilience. Building on prior campaigns, Aduro completed its latest planned operating campaign under its current 24/4 operating model, meaning 24-hour operation across a planned four-day campaign window. Excluding startup and shutdown phases, the run operated continuously for 47 hours using polypropylene recovered from waste plastics as a controlled feedstock. During the run, the feed-handling, reaction, and product recovery systems operated together under controlled conditions, wherein the reactor was maintained at target temperature, pressure, and recipe for Hydrochemolytic™ conversion. Within the 47-hour run, steady-state conditions were achieved after approximately 12 hours and maintained for an additional 35 hours. Samples were collected at regular intervals to assess process performance, stability of the process, and product quality under representative operating conditions. To further evaluate stability, operating conditions were intentionally changed during the campaign. Steady-state conditions were re-established within approximately two hours, providing data on process robustness, operator response, and process-control strategy. Over the steady-state window, the total liquid hydrocarbon recovered represented approximately 86% of the mass of polypropylene fed into the reactor during that period. Of the liquid hydrocarbon recovered, approximately 85% consisted of compounds with carbon numbers of 20 or below, which is the range typically associated with naphtha cracker feedstocks. Chemical analysis of the samples collected during the defined steady-state period demonstrated product quality consistent with prior HCT testing using the same feedstock, including batch testing and R2 continuous flow operation at smaller throughput. The results provide additional data regarding process performance under integrated Pilot Plant operation and are being used to refine operating parameters, evaluate scale-up decisions, and inform the design basis for Aduro’s planned FOAK Plant. They also support the next phase of the Pilot Plant program, including progression from the current 24/4 model toward sustained 24/7 operation and longer-duration campaigns using mixed polypropylene and polyethylene feedstocks. “The NGP Pilot Plant is doing what it was designed to do: generate practical operating, yield, and product-quality data that helps us define the parameters for the next stage of scale-up,” said Ofer Vicus, Chief Executive Officer at Aduro. “The latest campaign builds on prior runs and provides additional insight into the way the process operates under steady-state conditions. These results strengthen our confidence in our understanding of how the process operates and are helping us to refine the design basis for our planned FOAK Plant and support the engineering planning required for longer-duration campaigns and next-stage scale-up activities.” “The latest campaign represents an important operating milestone for the NGP Pilot Plant,” said David Weizenbach, Chief Operating Officer at Aduro. “It demonstrated the team’s ability to move the process through startup, stabilization, steady-state operation, and controlled recovery after deliberate operating changes. Each campaign is generating the practical data needed to refine procedures, improve process control, and prepare for longer-duration operation.” About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Head of Corporate Development / Investor [email protected]+1 226 784 8889 Forward-Looking Statements This news release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws, including statements regarding the Company’s Next Generation Process (NGP) Pilot Plant operating campaigns; the duration, stability, and repeatability of continuous operations; the interpretation of process robustness and recovery following deliberate operating-condition disturbances; the evaluation and analytical results of product samples; the planned extension of operating campaigns, including longer-duration and 24/7 operations; the integration of pilot plant data into the design basis for the Company’s planned first-of-a-kind (FOAK) Plant; the Company’s broader development and commercialization pathway; and the potential scale-up and commercialization of the Company’s technology. Forward-looking statements are based on management’s current expectations and assumptions, including assumptions regarding the continued performance and operability of the NGP Pilot Plant; the ability to extend run durations and achieve stable continuous operations; the consistency and quality of product outputs; the applicability of pilot-scale results to larger-scale systems; the effectiveness of engineering design and scale-up activities; the availability of personnel, capital and other resources; the timely receipt of any required regulatory approvals; and general economic and market conditions. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including, but not limited to: operational challenges in pilot plant campaigns; variability in performance across extended run durations; the possibility that analytical results may differ from initial observations; challenges in scaling the technology or translating pilot data into engineering design; the availability of capital and resources to support ongoing development; differences between pilot-scale results and commercial-scale outcomes; delays or changes in development plans; the risk that product quality, yields, operability or continuous run performance may not be maintained or replicated; risks related to the Company’s ability to successfully develop, scale, and commercialize its technologies; risks related to attracting and retaining key personnel; risks related to securing and maintaining necessary regulatory approvals; and general market, supply chain and macroeconomic conditions; and other factors described in the Company’s public filings available at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are provided for the purpose of assisting readers in understanding management’s current expectations and plans and may not be appropriate for other purposes. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/efb24259-163e-43f6-a929-73bb8efcfd33

LONDON, Ontario, April 15, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announced that it has filed its interim condensed consolidated financial results for the three and nine months ended February 28, 2026, and is pleased to provide the following highlights. Unless otherwise indicated, all financial information in this press release is reported in Canadian dollars. “During the third fiscal quarter of 2026, Aduro continued to advance its scale-up and commercialization pathway across multiple programs,” said Ofer Vicus, Chief Executive Officer of Aduro. “The completion of commissioning and transition of the Next Generation Process (“NGP”) pilot plant into operating campaigns represents an important step forward, moving the Company from system readiness to active process operation. This phase enables the generation of integrated operating data, evaluation of real-world feedstocks, and refinement of process conditions under continuous operation.” “In parallel, we progressed the First-of-a-Kind (“FOAK”) industrial program following site selection at Chemelot, while also advancing commercialization activities through partner engagement, downstream validation efforts, and early steps toward establishing a licensing package. These elements are increasingly interconnected, with pilot operations, engineering development, and market engagement mutually informing one another as we move toward industrial deployment.” “During the period, Aduro maintained a disciplined focus on capital allocation aligned with the Company’s core execution priorities,” said Mena Beshay, Chief Financial Officer of Aduro. “The completion of the U.S. public offering in December 2025 and subsequent exercise of the over-allotment option in January 2026, strengthened the Company’s financial position and provides flexibility to support NGP pilot plant operations, FOAK project development, and ongoing commercialization initiatives.” Third Quarter Fiscal 2026 – Financial Highlights (three and nine months ended February 28, 2026) Quarterly revenue for Q3 2026 was nil compared to $63,399 in Q3 2025. Year-to-date revenue for the nine-months ending February 28, 2026, was $167,206, a net increase of 7% compared to $156,542 for the nine-months ending February 28, 2025. The Company’s current revenue is earned through the completion of services under Customer Engagement Programs (“CEP”) for evaluation of the Company’s technology and collaboration work. This revenue is non-recurring and varies with the timing and scope of the evaluation projects. Quarter-over-quarter differences reflect the balance of the Company’s resources allocated between scale-up activities, ongoing technical analysis, and customer evaluation programs. Loss from operations was $1,628,916 for Q3 2026, compared to $2,851,772 for Q3 2025. Year-to-date loss for the nine-months ending February 28, 2026, was $14,415,921 compared to $8,429,016 for the nine-months ending February 28, 2025. This increase was primarily driven by higher non-cash share-based compensation, a non-cash loss resulting from the revaluation of the Company’s derivative financial liability, increased research and development and technology scale-up activities, the hiring of additional employees to support growth, marketing and public relations expenditures, and additional corporate expenses associated with the Company’s Nasdaq listing. Adjusted EBITDA was $(2,772,463) for Q3 2026, compared to $(1,840,271) for Q3 2025. Year-to-date adjusted EBITDA for the nine-months ending February 28, 2026, was $(8,325,873) compared to $(5,474,769) for the nine-months ending February 28, 2025. As at February 28, 2026, the carrying value of property, plant, and equipment was $ 9.6 million compared to $5.1 million at Q4 2025, representing an increase of $4.5 million. This increase was primarily driven by the construction of the Company’s NGP pilot plant. The Company strengthened its cash position to $39.42 million as of February 28, 2026, compared to $6.96 million in Q4 2025. This increase was primarily driven by the recent US public offering, which closed in Q3 FY2026 and generated net cash proceeds of $28.74 million. Reconciliation of Adjusted EBITDA (Non-GAAP) to Loss from Operations (GAAP) Explanations of Adjustments: Share-based compensation: Non-cash expense for stock options and awards. Change in fair value of derivative financial liability: Non-cash gain/loss from revaluation of financial instruments. Depreciation & amortization: Non-cash charges related to property, plant, and equipment and intangible assets. Other Income: Interest earned on cash deposits and other non-recurring income. Selected Comparative Financial Information for the three and nine months ended February 28, 2026 Third Quarter Fiscal 2026 – Corporate Highlights and Subsequent Events Next Generation Process (“NGP”) Pilot Plant Completes Commissioning and Transitions to Operating Campaigns During the third quarter of fiscal 2026, Aduro completed commissioning close-out activities for its NGP Pilot Plant and transitioned the facility into initial operating campaigns. Following installation, mechanical completion, and system integration completed in December 2025, the Company concluded commissioning close-out activities across all major systems, including process, utilities, automation, and safety systems. With initial operating campaigns commencing in February 2026, the NGP pilot plant has shifted from project execution to operations. The NGP Pilot Plant is functioning as an integrated process unit, supporting continuous operation and structured campaigns focused on learning, data generation, and optimization. These activities are intended to refine operating windows, optimize process stability, and generate performance data under longer-duration, fully integrated pilot plant conditions. Feedstocks evaluated during these ongoing and planned campaigns will reflect materials supplied through customer engagement programs and other real-world sources, enabling Aduro to assess performance across a range of feedstock compositions representative of anticipated commercial conditions. The NGP Pilot Plant represents the critical technical bridge between laboratory development and the Company’s FOAK industrial plant within Aduro’s structured scale-up pathway. Data generated through the ongoing NGP Pilot Plant operations will feed directly into detailed engineering, equipment specification, and execution planning for the FOAK facility. To support the transition, Aduro also expanded its operations and technical teams and completed a structured training program for all pilot plant operators covering process operation, automation and control systems, and safety procedures. This work supports operational readiness for sustained longer duration testing programs. FOAK Industrial Program Advances Following Chemelot Site Selection During the quarter, Aduro advanced development of its First-of-a-Kind (FOAK) industrial facility following the selection of Chemelot Industrial Park in Sittard-Geleen, Netherlands as the project site in January 2026. The FOAK facility is intended to represent the next stage of scale-up, supporting industrial validation of Hydrochemolytic™ Technology. The selected location provides access to established industrial infrastructure, including shared utilities, permitting systems, and proximity to downstream petrochemical facilities, supporting integration within an existing industrial ecosystem. The site is also aligned with the Company’s strategy to position Hydrochemolytic™ Technology within circular hydrocarbon value chains. During this period, the Company continued early-stage project development activities, including engineering definition, equipment evaluation, and planning for key workstreams required to advance the project toward permitting, financing, and execution readiness. Commercialization Program Advances Through Partnerships and Technical Validation During the quarter, Aduro continued to expand its Commercialization Program through collaborations, feedstock evaluation programs, and downstream validation activities. The Company’s collaboration with ECOCE, A.C., announced in December 2025, progressed initial planning activities for a structured program to evaluate Hydrochemolytic™ Technology on post-consumer flexible and mixed plastic packaging sourced through ECOCE’s collection systems in Mexico. The program is designed to assess processability, yields, product quality, and potential applications for resulting liquid products across one of the more complex waste streams. Aduro also announced its successful graduation from the Shell GameChanger program, in December 2025. As part of the program, Aduro conducted a series of technical evaluations and overall results confirmed that HCT holds the potential to convert complex, contaminated waste plastics into high-quality liquid hydrocarbons under continuous operation, using readily available industrial equipment. The program also provided technical feedback on process performance, contaminant tolerance, product selectivity, and process design assumptions, supporting the Company’s engineering scale-up pathway and informing ongoing NGP pilot plant operations and FOAK industrial plant development planning. Strengthened Capital Position Supports Scale-Up Activities During the quarter, Aduro completed an underwritten U.S. public offering that generated approximately US$20 million in gross proceeds. This was followed by the closing of the underwriter’s over-allotment option in January 2026, generating additional gross proceeds of approximately US$3 million. The proceeds are intended to support the advancement of the Company’s FOAK industrial facility, continued research and development, working capital needs, and general corporate purposes. These activities align with the Company’s scale-up pathway from Pilot Plant operations through to industrial deployment. Conference Participation and Global Engagement During the quarter, Aduro participated in a broad range of investor conferences, technical forums, and international engagement activities across North America, Europe, Asia, and Latin America. These engagements supported ongoing dialogue with stakeholders across the chemicals, plastics, recycling, and circular economy value chain, and contributed to market development, partner engagement, and broader awareness of the Company’s technology and commercialization pathway. Subsequent Events Subsequent to February 28, 2026, Aduro continued to advance key elements of its commercialization and project development activities. Offtake Letter of Intent for Hydrochemolytic™ Oil In March 2026, the Company signed a non-binding Letter of Intent with a leading independent international commodities trading company to establish a Pilot-to-FOAK validation program, which also included a committed purchase arrangement for the initial production parcel from the FOAK facility. The program is intended to support specification development, reproducibility assessment, and downstream market positioning for Hydrochemolytic™ oil. MOU to Develop a Commercial Licence Package Also in March 2026, Aduro entered into a non-binding Memorandum of Understanding with a leading Global Engineering, Procurement, and Construction organization (“GEPC”) to jointly develop a comprehensive commercial licensing package and pre-engineered plant concept for Hydrochemolytic™ Technology, supporting a future licence-driven business model. Engagement of Water Tower Research The Company also entered into an agreement with Water Tower Research LLC to provide comprehensive research coverage and strategic investor engagement services beginning April 1, 2026, to support Aduro’s growth objectives and enhance visibility within the institutional investment community. Membership in Chemical Recycling Europe In March 2026, Aduro joined Chemical Recycling Europe, supporting engagement in regulatory frameworks, certification systems, and industry collaboration relevant to chemical recycling in Europe and the development of the FOAK facility. Permitting Contract for FOAK Industrial Facility In April 2026, Aduro awarded a contract to Ebert HERA B.V. to lead the permitting process for its FOAK industrial facility at Chemelot Industrial Park, supporting the preparation and coordination of a structured permitting and regulatory application process and providing the clarity required to advance the project through development and site buildout. Ebert HERA was selected based on its established reputation and role within the Chemelot ecosystem and its experience coordinating permitting processes across multiple regulatory bodies in the Netherlands. Participation in Industry and Investor Conferences Aduro also continued its outreach activities through participation in conferences in March and April 2026, including investor events hosted by Roth Capital Partners, Lytham Partners, Gabelli Funds, and Water Tower Research, as well as select industry conferences focused on recycling, circular materials, and energy transition including, Residuos Expo, AMI Chemical Recycling North America, Alberta Circular Plastics Day, Smart Energy Week in Korea, Go Circular, and Ecomondo in Mexico. Complete copies of the Company’s interim condensed consolidated financial statements and Management’s Discussion and Analysis for the three and nine months ended February 28, 2026, are available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Note: (1) Non-GAAP measure. Earnings before interest, taxes, depreciation, and amortization ("EBITDA") and Adjusted EBITDA should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as earnings before interest, taxes, and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation, change in fair value of derivative financial liability, and acquisition related expenses. The Company believes that EBITDA and Adjusted EBITDA are meaningful financial metrics for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements and fund future growth initiatives. Non-IFRS measures This news release presents information about EBITDA and Adjusted EBITDA, both of which are non-IFRS financial measures, to provide supplementary information about operating performance. Aduro defines EBITDA as net income or loss before interest, income taxes, depreciation, and amortization. Adjusted EBITDA removes non-cash share-based compensation and non-cash change in fair value of derivative financial liability from EBITDA. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements and fund future growth initiatives. EBITDA and Adjusted EBITDA are not intended as a substitute for IFRS measures. A limitation of utilizing these non-IFRS measures is that the IFRS accounting effects of the adjustments do in fact reflect the underlying financial results of Aduro's business and these effects should not be ignored in evaluating and analyzing Aduro's financial results. Therefore, management believes that Aduro's IFRS measures of net loss and the same respective non-IFRS measure should be considered together. Non-IFRS measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Head of Corporate Development / Investor Relations [email protected] +1 226 784 8889 KCSA Strategic Communications Jack Perkins, Senior Vice President [email protected] Forward-Looking Statements This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements relating to the timing, scope, and progress of operating campaigns at the Company’s Next Generation Process Pilot Plant; the development, engineering, permitting, and execution of the Company’s First-of-a-Kind (“FOAK”) industrial facility; the scalability and technical performance of Hydrochemolytic™ Technology; the anticipated use of proceeds from the Company’s public offering; the development of commercialization pathways, including offtake arrangements and licensing initiatives; and the Company’s ability to execute its scale-up and development plans. All statements, other than statements of historical fact, that address activities, events, or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are based on current expectations, estimates, projections, beliefs, and assumptions made by the Company, including assumptions regarding: the successful operation of the NGP Pilot Plant under continuous and integrated conditions; the reproducibility and usefulness of data generated through pilot operations; the ability to advance FOAK project development activities, including engineering, permitting, and site-specific workstreams; the ability to develop and implement a commercial licensing framework; the continued engagement of partners and stakeholders; and the availability of sufficient capital, personnel, and resources to support ongoing operations and project development. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied, including risks related to Pilot Plant operations, system performance, and process stability; delays or challenges in advancing the FOAK facility, including permitting, engineering, financing, and execution risks; the ability to translate pilot-scale performance to industrial-scale operation; variability in feedstock composition and product outcomes; the ability to establish or maintain commercial relationships, including offtake and licensing arrangements; changes in regulatory, market, or economic conditions affecting advanced recycling and chemical processing; constraints in the supply chain; and other factors beyond the control of the Company. Additional information regarding these and other risks and uncertainties is included in the Company’s public disclosure documents filed on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/66617f50-85e2-4d42-9a27-62c1a7dfcab0

As the Canadian market navigates a landscape of steady interest rates and cooling price pressures, investors are keenly observing how these factors might influence growth opportunities on the Toronto Stock Exchange (TSX). In this context, stocks with high insider ownership can be particularly appealing, as they often indicate strong confidence from those closest to the company and may align well with broader economic stability. Click here to see the full list of 44 stocks from our Fast Growing TSX Companies With High Insider Ownership screener. Let's explore several standout options from the results in the screener. Simply Wall St Growth Rating: ★★★★★☆ Overview: Aduro Clean Technologies Inc. focuses on developing water-based chemical recycling technologies and has a market cap of CA$642.28 million. Operations: The company's revenue primarily comes from its Pollution and Treatment Control Products segment, which generated CA$0.31 million. Insider Ownership: 34.1% Earnings Growth Forecast: 71.3% p.a. Aduro Clean Technologies is positioned as a growth company with significant insider ownership, focusing on innovative recycling solutions. Despite generating less than US$1 million in revenue, its earnings are projected to grow significantly at 71.32% annually. Recent developments include a CA$19.99 million Composite Units Offering and strategic collaborations for chemical recycling in Mexico, highlighting its potential market expansion. The company aims to become profitable within three years, outpacing average market growth expectations. Take a closer look at Aduro Clean Technologies' potential here in our earnings growth report. Insights from our recent valuation report point to the potential overvaluation of Aduro Clean Technologies shares in the market. Simply Wall St Growth Rating: ★★★★★★ Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands with a market cap of CA$2.06 billion. Operations: The company's revenue is primarily generated through its Easyfinancial segment, contributing CA$1.51 billion, and its Easyhome segment, which adds CA$149.89 million. Insider Ownership: 21.5% Earnings Growth Forecast: 27.3% p.a. goeasy is set for robust growth, with revenue and earnings projected to increase significantly above market averages at 29.2% and 27.3% annually, respectively. Despite trading below estimated fair value, its dividend sustainability is questionable due to limited free cash flow coverage. Recent leadership changes see Patrick Ens taking over as CEO in January 2026, while a share buyback program aims to repurchase up to 7.71% of outstanding shares by December 2026, reflecting confidence in future performance amid strategic adjustments. Click to explore a detailed breakdown of our findings in goeasy's earnings growth report. According our valuation report, there's an indication that goeasy's share price might be on the cheaper side. Simply Wall St Growth Rating: ★★★★★★ Overview: West Red Lake Gold Mines Ltd. is engaged in the acquisition, exploration, evaluation, and development of gold properties in Canada with a market cap of CA$545.54 million. Operations: West Red Lake Gold Mines Ltd. currently does not report any revenue segments in its financial disclosures. Insider Ownership: 11% Earnings Growth Forecast: 87.8% p.a. West Red Lake Gold Mines is poised for significant growth, with earnings expected to increase 87.77% annually and revenue projected to grow at 69.8%, outpacing the Canadian market. The company recently achieved commercial production at its Madsen Gold Mine, generating USD 30 million in Q4 gold sales. However, past shareholder dilution remains a concern. Strategic developments include fully funded drilling programs aimed at expanding resources and enhancing production potential within the Red Lake district in Ontario, Canada. Dive into the specifics of West Red Lake Gold Mines here with our thorough growth forecast report. Upon reviewing our latest valuation report, West Red Lake Gold Mines' share price might be too optimistic. Navigate through the entire inventory of 44 Fast Growing TSX Companies With High Insider Ownership here. Ready For A Different Approach? Uncover the next big thing with financially sound penny stocks that balance risk and reward. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include CNSX:ACT TSX:GSY and TSXV:WRLG. Have feedback on this article? 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LONDON, Ontario, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announced that it has filed its interim condensed consolidated financial results for the three and six months ended November 30, 2025, and is pleased to provide the following highlights. Unless otherwise indicated, all financial information in this press release is reported in Canadian dollars. “During the second fiscal quarter of 2026, Aduro achieved several key operational and planning milestones as we continued to execute on our scale-up roadmap,” said Ofer Vicus, Chief Executive Officer of Aduro. “We advanced the commissioning of our Next Generation Process Pilot Plant and made progress on the Demonstration Plant program, including advancing work on a global site-selection process for the future location of the Demonstration Plant. These steps support our ongoing technical and engineering work as we prepare for the next phase of development.” “Subsequent to quarter-end, we significantly strengthened the Company’s capital position with the completion of a U.S. public offering raising gross proceeds of approximately US$20 million, providing additional flexibility to support planned activities across the business,” said Mena Beshay, Chief Financial Officer of Aduro. “The proceeds from the public offering will be directed primarily toward advancing the Demonstration Plant program, as well as continued investment in research and development and general corporate purposes.” Second Quarter Fiscal 2026 – Financial Highlights (three and six months ended November 30, 2025) Quarterly revenue for Q2 2026 was $122,706, a net increase of 222% compared to $38,143 in Q2 2025. Year-to-date revenue for the six-months ending November 30, 2025, was $167,206, a net increase of 80% compared to $93,143 during the six-months ending November 30, 2024. The Company’s current revenue is earned through the completion of services under Customer Engagement Programs for evaluation of the Company’s technology and collaboration work. This revenue is non-recurring and varies with the timing and scope of the evaluation projects. Quarter-over-quarter differences reflect the balance of the Company resources allocated between scale-up activities, ongoing technical analysis, and customer evaluation programs. Loss from operations was $6,461,987 for Q2 2026, compared to $3,114,712 for Q2 2025. Year-to-date loss for the six-months ending November 30, 2025, was $12,787,005 compared to $5,577,244 for the six-months ending November 30, 2024. This increase was primarily driven by higher non-cash share-based compensation, a non-cash loss resulting from the revaluation of the Company’s derivative financial liability, increased research and development and technology scale-up activities, the hiring of additional employees to support growth, marketing and public relations expenditures, and additional corporate expenses associated with the Company’s Nasdaq listing. Adjusted EBITDA was $(3,299,026) for Q2 2026, compared to $(1,887,750) for Q2 2025. Year-to-date adjusted EBITDA for the six-months ending November 30, 2025, was $(5,553,410) compared to $(3,634,498) for the six-months ending November 30, 2024. As at November 30, 2025, the carrying cost of property, plant, and equipment was $8.9 million compared to $5.1 million at Q4 2025 representing an increase of $3.8 million. This was primarily driven by capital work in progress related to the construction of the Company’s NGP Pilot Plant. The Company maintained a strong cash position with $13.04 million at November 30, 2025, compared to $6.96 million in Q4 2025. Subsequent to November 30, 2025, Aduro received gross proceeds of approximately US$20 million from the closing of an underwritten U.S. public offering, further strengthening the Company’s balance sheet. Reconciliation of Adjusted EBITDA (Non-GAAP) to Loss from Operations (GAAP) Explanations of Adjustments: Share-based compensation: Non-cash expense for stock options and awards. Change in fair value of derivative financial liability: Non-cash gain/loss from revaluation of financial instruments. Depreciation & amortization: Non-cash charges related to property, plant, and equipment and intangible assets. Other Income: Interest earned on cash deposits excluded from operating results. Selected Comparative Financial Information for the three and six months ended November 30, 2025 Second Quarter Fiscal 2026 – Corporate Highlights and Subsequent Events Next Generation Process (“NGP”) Pilot Plant Enters Commissioning Phase During the first quarter of fiscal 2026, (ending August 31, 2025) Aduro advanced construction of its Next Generation Process Pilot Plant in collaboration with engineering partner Zeton Inc., while Siemens progressed automation and control systems integration in preparation for commissioning. At the Company’s London facility, site preparation activities—including HVAC and electrical upgrades and laboratory modifications—were completed, while office expansion and system documentation work continued. Factory acceptance testing of the extruders, the final long-lead components, was successfully completed, and the units were delivered onsite in September. Collectively, these milestones positioned the project for the start of commissioning activities. In September, Aduro began commissioning its NGP Pilot Plant, marking a significant transition from construction to operation. The staged commissioning program began with the feed preparation and reactor systems, where mechanical verification, control system integration, and safety validation are underway to confirm performance against design specifications. In October, the second phase of commissioning commenced with the product recovery system, advancing the program toward full system integration. Phase two included additional subsystems, with work focused on sequential testing, wet runs, and process tuning. These activities continued into December 2025 as the Company progressed through its phased commissioning plan in preparation for longer-duration pilot operating campaigns. Commissioning activities were carried out in collaboration with Zeton, Siemens, and Aduro’s internal R&D and operations teams, with a continued focus on operational readiness, safety, and quality assurance. Demonstration Plant Program Initiation In November 2025, Aduro executed a non-binding letter of intent for the proposed acquisition of land, buildings, and equipment associated with a brownfield industrial site in the Netherlands. The proposed transaction includes a purchase price of €2 million and a non-refundable fee for exclusive access to the property during the due diligence period. The site is being evaluated as a potential location for the Company’s Demonstration Plant as part of its structured scale-up from the Next Generation Process Pilot Plant. The LOI is non-binding, and completion of the transaction remains subject to due diligence, negotiation of definitive agreements, and customary conditions and approvals. In parallel, Aduro has initiated early engineering and planning activities to define system requirements and performance criteria in preparation for detailed design and partner engagement. Final site selection is currently anticipated by the end of January 2026. During the quarter, Aduro initiated a series of engineering trials using industrial-scale equipment as part of its Demonstration Plant program. The work is intended to support detailed engineering activities and inform the selection of long-lead equipment items required for demonstration-scale operations. The trials are being conducted in collaboration with KraussMaffei Extrusion GmbH and CHILL B.V. and focus on evaluating extrusion-based feed preparation approaches for processing contaminated and mixed waste plastics prior to the Hydrochemolytic™ process. Results from this work will inform equipment design, pretreatment strategy, and integration planning for the Demonstration Plant. Successful Pilot-Scale Steam-Cracking of Plastic-Derived Hydrochemolytic™ Oil During the second quarter of fiscal 2026, Aduro completed pilot-scale steam-cracking trials of plastic-derived Hydrochemolytic™ oil at an established pilot facility in Europe. The trials evaluated oil produced from mixed waste plastics and processed the material “as produced,” without hydrotreatment or dilution. The program demonstrated stable furnace operation and produced ethylene and propylene yields comparable to conventional fossil-based steam-cracker feedstocks. Results from the trials provide data supporting further evaluation of HCT-derived liquids for potential use in steam-cracking applications. Investor & Industry Conference Participation and Global Engagement During the quarter, Aduro participated in a range of investor and technical conferences across North America, Europe, and Asia, engaging with stakeholders across the chemicals, plastics, and recycling value chain. These activities included investor presentations and participation in technical forums focused on chemical recycling and materials circularity. In addition to routine conference participation, Aduro took part in selected non-commercial engagement activities. Aduro Clean Technologies Europe B.V. participated in the Dutch trade delegation to Japan in connection with Expo 2025 Osaka, focused on energy transition, sustainability, and circular economy initiatives. Aduro was also featured in an episode of the Earth with John Holden docuseries, which profiled the Company’s Hydrochemolytic™ Technology and its progression from laboratory development toward pilot- and demonstration-scale deployment. Subsequent Events Enhanced Capital Position with U.S. Public Offering In December 2025, Aduro completed an underwritten U.S. public offering of common shares and accompanying warrants for gross proceeds of approximately US$20 million, before deducting underwriting discounts and offering expenses. The Company intends to use the proceeds primarily to support the Demonstration Plant program, along with ongoing research and development, general corporate purposes, and working capital. Collaboration with ECOCE to Advance Recycling of Flexible Plastic Packaging in Mexico In December 2025, Aduro entered into a multi-year framework collaboration agreement with ECOCE, A.C., a non-profit environmental association based in Mexico. ECOCE administers Mexico’s national private collective packaging management program on behalf of its member companies, supporting the collection and management of post-consumer PET, HDPE, aluminum, and other materials. Under the collaboration, Aduro and ECOCE will evaluate the application of Hydrochemolytic™ Technology using real post-consumer materials sourced through ECOCE’s systems, with a focus on challenging multi-layer and mixed plastic waste streams. Graduation from Shell GameChanger Program In December 2025, Aduro successfully completed its participation in the Shell GameChanger program, concluding a multi-year collaboration focused on evaluating the application of Hydrochemolytic™ Technology within Shell’s Chemical Decarbonization initiative. The program provided technical feedback and validation of key process design assumptions under continuous operation, supporting Aduro’s engineering scale-up pathway from pilot to demonstration scale. Complete copies of the Company’s interim condensed consolidated financial statements and Management’s Discussion and Analysis for the three and six months ended November 30, 2025, are available under the Company’s profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov). Note: (1) Non-GAAP measure. Earnings before interest, taxes, depreciation, and amortization (“EBITDA”) and Adjusted EBITDA should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as earnings before interest, taxes, and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation, change in fair value of derivative financial liability, and acquisition related expenses. The Company believes that EBITDA and Adjusted EBITDA are meaningful financial metrics for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements and fund future growth initiatives. Non-IFRS measures This news release presents information about EBITDA and Adjusted EBITDA, both of which are non-IFRS financial measures, to provide supplementary information about operating performance. Aduro defines EBITDA as net income or loss before interest, income taxes, depreciation, and amortization. Adjusted EBITDA removes non-cash share-based compensation and non-cash change in fair value of derivative financial liability from EBITDA. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements and fund future growth initiatives. EBITDA and Adjusted EBITDA are not intended as a substitute for IFRS measures. A limitation of utilizing these non-IFRS measures is that the IFRS accounting effects of the adjustments do in fact reflect the underlying financial results of Aduro's business and these effects should not be ignored in evaluating and analyzing Aduro's financial results. Therefore, management believes that Aduro's IFRS measures of net loss and the same respective non-IFRS measure should be considered together. Non-IFRS measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Head of Corporate Development / Investor Relations [email protected] +1 226 784 8889 KCSA Strategic Communications Jack Perkins, Senior Vice President [email protected] Forward-Looking Statements This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements relating to the timing, scope, and progress of commissioning activities for the Company’s Next Generation Process Pilot Plant; the development, design, site selection, and readiness of the planned Demonstration Plant; the scalability and technical performance of the Company’s Hydrochemolytic™ Technology; the anticipated use of proceeds from the Company’s public offering; and the Company’s ability to execute its scale-up and development plans. All statements, other than statements of historical fact, that address activities, events, or developments that Aduro Clean Technologies Inc. (“Aduro” or the “Company”) expects or anticipates will or may occur in the future are forward‑looking statements. These include, but are not limited to: the expected timing, scope, and progress of commissioning activities for the NGP Pilot Plant; the Company’s expectations regarding the transition from construction to integrated and continuous pilot operations; the anticipated design, engineering, planning, and site‑selection process for the proposed Demonstration Plant, including the evaluation of a potential site in the Netherlands and the timing of a final site‑selection decision; the Company’s expectations regarding the use of proceeds from its U.S. public offering, including funding for the Demonstration Plant, research and development, and general corporate purposes; the anticipated outcomes of pilot‑scale steam‑cracking trials of Hydrochemolytic™ oil and the potential applicability of HCT‑derived liquids as steam‑cracker feedstocks; the expected results and impact of engineering trials with KraussMaffei Extrusion GmbH and CHILL B.V. to support equipment selection and pretreatment system design for the Demonstration Plant; the anticipated outcomes of collaboration activities, including the Company’s agreement with ECOCE to evaluate post‑consumer feedstocks; the anticipated benefits of participation in technical, industry, and investor conferences; the Company’s expectations regarding the progress and timing of its Demonstration Plant program; and the Company’s belief that its strengthened capital position provides flexibility to advance scale‑up and support planned activities across the business. Forward-looking statements are based on current expectations, estimates, projections, beliefs, and assumptions made by the Company, including assumptions regarding: the successful and timely completion of commissioning and integration activities for the NGP Pilot Plant; the performance, reliability, and scalability of Hydrochemolytic™ Technology under pilot‑scale conditions; the availability and suitability of industrial sites, equipment, and infrastructure for the Demonstration Plant; the Company’s ability to complete due diligence and negotiate definitive agreements related to the proposed Netherlands site; the continuation of engineering support from partners such as Zeton Inc., Siemens Canada, KraussMaffei Extrusion GmbH, and CHILL B.V.; the reproducibility and usefulness of data generated through pilot‑scale and engineering trials; stable macroeconomic, regulatory, and industry conditions; continued access to feedstock supply for trials and evaluations; the ongoing engagement of prospective partners and collaborators; and the availability of sufficient capital, personnel, and resources to support scale‑up, research and development, and operational planning. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied, including: delays, cost overruns, or unforeseen challenges in commissioning the NGP Pilot Plant; risks related to equipment performance, system integration, automation, or data acquisition; uncertainties arising from due diligence, regulatory reviews, or commercial negotiations relating to the potential Netherlands site; changes in design requirements, engineering assumptions, or permitting conditions for the planned Demonstration Plant; technical risks relating to process performance, feedstock variability, and the applicability of HCT‑derived liquids in third‑party steam‑cracking environments; constraints in the supply chain, including the availability of long‑lead components; dependency risks involving engineering firms and collaboration partners; changes in economic, market, regulatory, or policy environments affecting advanced recycling and chemical processing; increased capital costs or reduced access to financing; risks relating to talent retention and operational readiness; and uncertainties inherent in the early‑stage scale‑up of novel process technologies. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f51124ab-1434-4b0f-b6da-8853ce7c870f

LONDON, Ontario, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, has filed its interim condensed consolidated financial results for the three months ended August 31, 2025, and has provided the following highlights. Unless otherwise indicated, all financial information in this press release is reported in Canadian dollars. “Aduro has continued its momentum towards commercial readiness, making strong progress over the first quarter of fiscal 2026,” said Ofer Vicus, Chief Executive Officer of Aduro. “We made headway on construction of our Next Generation Process (“NGP”) Pilot Plant, positioning the project for the start of commissioning activities, which we commenced in September. We also laid the groundwork for the Demonstration Plant program, beginning a global site-selection process post quarter-end, with a focus on locations across Canada, Europe, and Mexico. We also completed initial testing of synthetic turf waste as a potential feedstock for our proprietary Hydrochemolytic™ Technology (“HCT”). With the addition of key leadership, deepening of industry partnerships, and increased visibility through technical and investor engagements, Aduro is well-positioned as we continue through the second quarter of fiscal 2026.” “Our strengthened balance sheet following the June public offering provides the financial flexibility to complete our Pilot Plant and advance our demonstration-scale planning,” added Mena Beshay, Chief Financial Officer of Aduro. “We are focused on maintaining fiscal discipline in our spending while continuing to invest in research and development and strategic growth initiatives that support long-term value creation for shareholders.” First Quarter Fiscal 2026 – Financial Highlights (three months ended August 31, 2025) Quarterly revenue for Q1 2026 was $44,500, a net decrease of 19% compared to $55,000 in Q1 2025. The Company’s current revenue is earned through the completion of services under Customer Engagement Programs for evaluation of the Company’s technology and collaboration work. This revenue is non-recurring and varies with the timing and scope of the evaluation projects. Quarter-over-quarter differences reflect the balance of the Company resources allocated between scale-up activities, ongoing technical analysis, and customer evaluation programs. Loss from operations was $6,325,018 for Q1 2026, compared to $2,462,532 for Q1 2025. This was primarily driven by an increase in non-cash share-based compensation, a non-cash loss resulting from the revaluation of the Company’s derivative financial liability, as well as increased research and development and technology scale-up activities, the hiring of additional employees in line with the Company’s growth, and additional corporate expenses associated with the Company’s Nasdaq listing in November 2024. Adjusted EBITDA was $(2,254,384) for Q1 2026, compared to $(1,746,748) for Q1 2025. As at August 31, 2025, the carrying cost of property, plant, and equipment was $ 6.7 million compared to $5.1 million at Q4 2025 representing an increase of $1.6 million. This was primarily driven by capital work in progress related to the construction of the Company’s NGP Pilot Plant. The Company maintained a strong cash position with $15.09 million at August 31, 2025, compared to $6.96 million in Q4 2025. Reconciliation of Adjusted EBITDA (Non-GAAP) to Loss from Operations (GAAP) Explanations of Adjustments: Share-based compensation: Non-cash expense for stock options and awards. Change in fair value of derivative financial liability: Non-cash gain/loss from revaluation of financial instruments. Depreciation & amortization: Non-cash charges related to property, plant, and equipment and intangible assets Other Income: Interest earned on cash deposits excluded from operating results. Selected Comparative Financial Information (for the quarter ended August 31, 2025) First Quarter Fiscal 2026 – Corporate Highlights and Subsequent Events Strengthened Capital Base with U.S. Public Offering In June 2025, Aduro completed an underwritten U.S. public offering, raising gross proceeds of approximately US$9.2 million through the sale of 1,090,048 common shares and accompanying warrants. The offering enhanced the Company’s capital position and provided funding to support the commissioning of the NGP Pilot Plant, advance demonstration-scale planning, and expand ongoing research and development initiatives. Leadership Strengthened to Support Operational Execution During the quarter, Aduro appointed David Weizenbach, P.Eng., to the role of Chief Operating Officer, expanding Aduro’s leadership capacity as the Company advances toward continuous pilot operations. With over three decades of experience in engineering leadership, operations, and industrial technology integration, including senior leadership roles at NOVA Chemicals, Mr. Weizenbach has already been instrumental in developing operational frameworks and safety systems for the NGP Pilot Plant. His experience in managing complex technical environments and guiding organizations through technology transitions will support the commissioning of the NGP Pilot Plant and lay the foundation for the Company’s demonstration-scale facility and future commercial deployment. Grant of Stock Options and RSUs In July 2025, Aduro granted an aggregate of 743,500 stock options (Option) to purchase up to 743,500 common shares of the Company to certain directors, officers, employees and consultants of the Company. The Options are exercisable for a period of 5 years from the date of Grant at a price of $13.50 per common share. The Options will vest on a monthly basis over a period of two years from the date of the Option Grant. In addition, the Company granted 100,000 restricted share units of the Company to a consultant of the Company. Industry Collaboration to Advance Plastic Recycling In July 2025, Aduro formally joined the Plastics Industry Association (PLASTICS) and its Polystyrene Recycling Alliance (PSRA), broadening the Company’s engagement within the plastics value chain. Membership in these organizations connects Aduro with resin producers, recyclers, and brand owners collaborating to improve recycling infrastructure and advance circular-economy solutions. Through participation in PSRA, Aduro is contributing technical insight from its Hydrochemolytic™ Technology (HCT) program focused on converting polystyrene into hydrocarbon intermediates, supporting industry efforts to establish scalable recycling pathways and viable end markets for this challenging material. Evaluation of Synthetic Turf as a Feedstock In July 2025, Aduro completed testing of synthetic turf waste—a complex mixture of polymers commonly used in sports and landscaping applications—using its Hydrochemolytic™ Technology (HCT). The study demonstrated the process’s ability to convert the polyolefin components of synthetic turf into shorter-chain hydrocarbons under controlled conditions, highlighting the adaptability of HCT to mixed and contaminated materials that are typically difficult to recycle. A global industry stakeholder supplied the tested synthetic turf samples, and additional parties have expressed interest in further evaluation, reflecting the sector’s growing demand for chemical recycling solutions. Marketing and Communications Initiatives In August 2025, Aduro launched a marketing and investor awareness program with The Investing Authority (TIA), Stocktwits, and LFG Equities Corp. to build brand awareness and increase visibility as the Company progresses toward NGP Pilot Plant commissioning. In September, the Company engaged KCSA Strategic Communications to lead its North American public relations strategy, including media engagement, corporate messaging, and brand positioning. Collectively, these initiatives enhance Aduro’s communication reach and strengthen engagement with investors, partners, and industry stakeholders as the Company advances its operational milestones. Subsequent Events Next Generation Process (“NGP”) Pilot Plant Enters Commissioning Phase During the quarter ending August 2025, Aduro advanced construction of its NGP Pilot Plant with engineering partner Zeton Inc. Siemens also progressed on automation and control systems integration, supporting the transition toward commissioning readiness. At the London facility, site preparation activities—including HVAC and electrical upgrades and laboratory modifications—were completed, while office expansion and system documentation work continued. Factory acceptance testing of the extruders, the final long-lead components, was successfully completed, and the units were delivered onsite in September. These milestones collectively positioned the project for the start of commissioning activities. In September, Aduro began commissioning its NGP Pilot Plant, marking a significant transition from construction to operation. The staged commissioning program began with the feed preparation and reactor systems, where mechanical verification, control system integration, and safety validation are underway to confirm performance against design specifications. In October, the second phase of commissioning commenced with the product recovery system, advancing the program toward full system integration. Commissioning activities are being carried out in collaboration with Zeton, Siemens, and Aduro’s internal R&D and operations teams, with a continued focus on operational readiness, safety, and quality assurance. Conference Participation and Global Engagement Following the quarter-end, Aduro participated in a series of investor and technical conferences across North America, Europe, and Asia. The Company presented at the H.C. Wainwright 27th Annual Global Investment Conference and the Gabelli Funds PFAS Symposium, where CEO Ofer Vicus provided updates on the Company’s progress in scaling its Hydrochemolytic™ Technology and advancing commercialization initiatives. Aduro was also represented at leading technical and industry events, including the International Refining and Petrochemical Conference (IRPC) 2025 in Houston, the K 2025 Conference in Düsseldorf, Pyroliq 2025 in Italy, the Circular Plastics Conference in Brussels, and Sustainability in Packaging Europe in Spain. Additionally, Aduro Clean Technologies Europe participated in the Dutch Trade Delegation to Expo 2025 Osaka, reinforcing the Company’s growing global presence and engagement in advancing chemical recycling, plastic circularity, and sustainable materials innovation. Demonstration Plant Program Initiation In October 2025, Aduro initiated the site selection process for its planned Demonstration Plant, marking the next phase in scaling its Hydrochemolytic™ Technology. The evaluation focuses on identifying industrial locations with suitable infrastructure, feedstock access, logistics connectivity, and regulatory compatibility to support continuous operation and future commercial deployment. The Demonstration Plant design will build upon the foundation established by the NGP Pilot Plant, providing validation of process performance under near-commercial conditions. Early engineering work is underway to define system requirements and performance criteria in preparation for detailed design and partner engagement. Complete copies of the Company’s interim consolidated financial statements and Management’s Discussion and Analysis for the three months ended August 31, 2025, are available under the Company’s profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov). Note: (1) Non-GAAP measure. Earnings before interest, taxes, depreciation, and amortization ("EBITDA") and Adjusted EBITDA should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as earnings before interest, taxes, and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation, change in fair value of derivative financial liability, and acquisition related expenses. The Company believes that EBITDA and Adjusted EBITDA are meaningful financial metrics for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements and fund future growth initiatives. Non-IFRS measures This news release presents information about EBITDA and Adjusted EBITDA, both of which are non-IFRS financial measures, to provide supplementary information about operating performance. Aduro defines EBITDA as net income or loss before interest, income taxes, depreciation, and amortization. Adjusted EBITDA removes non-cash share-based compensation and non-cash change in fair value of derivative financial liability from EBITDA. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements and fund future growth initiatives. EBITDA and Adjusted EBITDA are not intended as a substitute for IFRS measures. A limitation of utilizing these non-IFRS measures is that the IFRS accounting effects of the adjustments do in fact reflect the underlying financial results of Aduro's business and these effects should not be ignored in evaluating and analyzing Aduro's financial results. Therefore, management believes that Aduro's IFRS measures of net loss and the same respective non-IFRS measure should be considered together. Non-IFRS measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Head of Corporate Development / Investor Relations [email protected] +1 226 784 8889 KCSA Strategic Communications Jack Perkins, Senior Vice President [email protected] Forward-Looking Statements This news release contains forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that Aduro Clean Technologies Inc. (“Aduro” or the “Company”) expects or anticipates will or may occur in the future are forward-looking statements. These include, but are not limited to: the timing, scope, and progress of commissioning activities for the Next Generation Process (NGP) Pilot Plant; the anticipated transition from construction to continuous pilot operations; the development, design, and site selection process for the planned Demonstration Plant; the scalability, adaptability, and commercial potential of the Company’s Hydrochemolytic™ Technology (“HCT”), including its application to synthetic turf and polystyrene feedstocks; the expected benefits of leadership appointments, including the operational impact of the new Chief Operating Officer; the anticipated outcomes of industry collaborations, including participation in the Polystyrene Recycling Alliance; the expected impact of marketing and investor awareness initiatives on brand visibility and stakeholder engagement; the Company’s belief that its strengthened balance sheet will support strategic growth, including completion of the Pilot Plant and advancement of demonstration-scale planning; the expectation that commissioning data will inform the design and engineering of the Demonstration Plant; and the Company’s intention to maintain fiscal discipline while investing in long-term value creation. Forward-looking statements are based on current expectations, estimates, projections, beliefs, and assumptions made by the Company, including: the successful and timely completion of construction and commissioning activities; the availability of suitable industrial sites and infrastructure for the Demonstration Plant; the technical viability and scalability of HCT under continuous flow conditions; continued interest and engagement from industry stakeholders and potential partners; stable regulatory and market conditions that support commercialization; and adequate access to capital and resources to fund planned initiatives. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied, including: delays or unforeseen challenges in construction, commissioning, or scale-up; inability to secure necessary permits, partners, or infrastructure; technical limitations or unexpected performance issues with HCT; changes in regulatory, environmental, or market conditions; supply chain disruptions or cost escalations; financing constraints or changes in investor sentiment; and risks associated with new technologies and early-stage commercialization. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94432c7f-9c3f-43c8-b1e7-85e53e8dcfaa

LONDON, Ontario, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, has filed its audited financial results for the year ended May 31, 2025, and has provided the following highlights. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. Ofer Vicus, CEO of Aduro, remarked, “Fiscal year 2025 marked a period of significant execution against our strategic priorities. Notably, we advanced construction of our Pilot Plant in collaboration with Zeton, with commissioning activities expected to begin in September 2025. We also broadened our feedstock testing, including initial work on synthetic turf, which has drawn attention from several parties expressing interest in the results and reflects the growing attention to chemical recycling solutions in this segment. In addition, we deepened our Customer Engagement Program, strengthened relationships with leading companies across the plastics and energy value chain and expanded our industry presence by joining collaborative associations. These initiatives position Aduro to demonstrate the scalability of Hydrochemolytic™ Technology (“HCT”) and generate valuable data needed to assess its performance on diverse feedstocks.” Mena Beshay, CFO of Aduro, added, “We maintained financial discipline throughout the fiscal year, while supporting significant investment in our Pilot Plant. The equity financing we completed in June was executed efficiently and provides meaningful additional resources to advance our scale-up program. Aduro remains in a healthy financial position, supported by a strong balance sheet and continued backing from partners. We look forward to building on this foundation as we enter fiscal year 2026.” Fourth Quarter Fiscal 2025 – Financial Highlights (three months ended May 31, 2025) Quarterly revenue of $74,670 was recorded for Q4 2025, a decrease of 27% versus revenue of $102,250 generated in Q4 2024. Loss from operations was $3,716,774 for Q4 2025, compared to $1,792,219 in Q4 2024. Fiscal Year 2025 – Financial Highlights (twelve months ended May 31, 2025) Revenue for fiscal year 2025 was $231,212, a net decrease of 31% compared to $337,516 in fiscal year 2024. The Company’s current revenue is earned through the completion of services under Customer Engagement Programs (CEP) for evaluation of the Company’s technology and collaboration work. This revenue is non-recurring and varies with the timing and scope of evaluation projects. Year-over-year differences reflect the balance of Company resources allocated between scale-up activities, ongoing technical analysis, and customer evaluation programs. Loss from operations was $12,145,790 for fiscal year 2025, compared to $7,436,861 for fiscal year 2024. This was primarily driven by increased research and development and technology scaleup activities, the hiring of new employees, an increase in non-cash share-based compensation, as well as corporate expenses associated with our Nasdaq Listing in November 2024. At May 31, 2025, the carrying cost of property, plant, and equipment was $5.1 million compared to $3.6 million in 2024, representing an increase of $1.5 million. This was primarily driven by increased investment in research equipment and laboratory facilities to support our current rate of growth and capital work in progress related to the construction of the Company’s pilot plant. The Company maintained a strong cash position with $6.96 million at May 31, 2025, compared to $2.8 million in 2024. Subsequent to May 31, 2025, Aduro received gross proceeds of approximately US$9.2 million from the closing of an underwritten U.S. public offering and approximately $0.8 million from the exercise of options and warrants, further strengthening the Company’s balance sheet. Selected Comparative Financial Information (for the years ended May 31) Fourth Quarter 2025 – Corporate Highlights and Subsequent Events Memorandum of Understanding (“MOU”) with NexGen Polymers (“NexGen”) Aduro signed an MOU with NexGen detailing a framework for a proposed collaboration to explore the development of a demonstration-scale HCT plant. The agreement outlines potential areas of cooperation including securing representative feedstock supply, evaluating potential site options, and defining plant operations with a goal of optimizing data generation to support future development of configurable commercial solutions. NexGen Polymers brings experience in polymer processing and materials management, making it a valuable partner for evaluating the real-world requirements of scaling HCT. By establishing a formal framework through this MOU, Aduro and NexGen can align efforts to assess feasibility in a structured manner and ensure that technical findings are supported by market-based considerations. This agreement highlights Aduro’s collaborative approach to commercialization — working with partners across the plastics value chain. Engagement of Siemens Canada (“Siemens”) The Company announced a strategic collaboration with Siemens Canada to supply advanced control systems, automation solutions, and engineering services for the NGP Pilot Plant. The engagement is intended to ensure that the Pilot Plant incorporates robust automation, data collection, and process safety capabilities from the outset. By working with Siemens, Aduro gains access to proven industrial systems and expertise that will help support reliable operation of the Pilot Plant and generation of high-quality technical data. This collaboration reflects Aduro’s approach of partnering with established leaders in their respective fields to enhance the effectiveness of its scaleup activities. MOU with Cleanfarms Inc. (“Cleanfarms”) Aduro also signed an MOU with Cleanfarms Inc., a Canadian Producer Responsibility Organization (PRO), focused on agricultural waste management, on the evaluation of agricultural plastics that are difficult to recycle through conventional means. Cleanfarms operates national recovery programs supported by more than 200 member companies and a network of over 2,000 collection sites, giving it a unique position to provide representative feedstock streams for testing. The collaboration sets out a multi-phase program to examine both the technical and economic feasibility of applying HCT to plastics such as silage film, bale wrap, grain bags, and twine — materials that play critical role in farming but are often landfilled or stockpiled due to limited end-of-life options. Through this initiative, Aduro and Cleanfarms will generate data on real-world feedstocks that will inform the potential role of HCT in addressing agricultural plastics. Engagement of Delphi for Life Cycle Assessment of HCT The Company engaged Delphi, a leading Canadian sustainability consultancy, to conduct a Life Cycle Assessment (“LCA”) of its HCT for waste plastic processing. The purpose of the study is to independently examine the environmental profile of HCT, measuring impacts such as greenhouse gas emissions, energy use, and resource efficiency compared to established recycling practices. The LCA will provide data that can help inform customers, regulators, and stakeholders as they evaluate potential solutions for managing difficult plastic waste streams. By commissioning an independent assessment, Aduro is taking steps to ensure that future discussions about HCT are grounded in transparent, third-party analysis. NGP Pilot Plant Construction During the fourth quarter, Aduro advanced construction of the NGP Pilot Plant with Zeton. Site readiness activities, including HVAC and electrical upgrades, laboratory modifications, and office expansions, were completed, and operating documentation and training materials are in development. Factory Acceptance Testing of the extruders, the final long-lead items, was successfully completed, confirming performance ahead of delivery. At Zeton’s facility, modular skid assembly progressed with equipment setting, piping fit-up, and instrumentation installation, while Siemens shipped and began integration of critical automation and electrical components. Commissioning is scheduled to begin in September 2025, starting with the feed preparation and reactor systems, followed by the product recovery system in October 2025. The staged program will include pre-commissioning, cold commissioning, phased integration, wet runs, and initial operating campaigns, carried out with vendor support to ensure safety and quality. Strengthened Capital Position with Successful U.S. Public Offering In June 2025, Aduro completed a successful U.S. public offering, which raised total gross proceeds of approximately US$9.2 million through the sale of 1,090,048 common shares, together with accompanying warrants to purchase 545,024 common shares. The combined public offering price per common share and accompanying half warrant was US$8.44. Each whole warrant has an exercise price of US$10.13 per share and are exercisable immediately and will expire three years from the date of issuance. In addition to strengthening the balance sheet, the proceeds add additional resources for ongoing research and development and for advancing the Aduro scale-up and commercialisation programs. Leadership Expansion In July 2025, Aduro appointed David Weizenbach, P.Eng., as Chief Operating Officer. With more than three decades of experience in operations, engineering, and technology integration, including senior leadership roles at NOVA Chemicals, Mr. Weizenbach brings deep expertise in process automation, safety, and capital project delivery. His appointment comes at a pivotal stage as Aduro transitions from R&D to pilot-scale execution. The NGP Pilot Plant is entering its commissioning phase, requiring disciplined operational leadership, integration of automation and control systems, and the establishment of safety and training protocols. Having supported Aduro in a consulting capacity for the prior six months, Mr. Weizenbach is already familiar with the Company’s culture and technical approach, ensuring continuity as he formally assumed the COO role. His leadership strengthens Aduro’s operational capacity at a critical moment, providing the governance and experience necessary to guide commissioning and prepare for subsequent scale-up. Industry Engagement In July 2025, Aduro became a member of the Plastics Industry Association (PLASTICS) and the Polystyrene Recycling Alliance (PSRA), an initiative of PLASTICS focused on advancing polystyrene recovery. Membership in these organizations connects Aduro to a broad network of resin producers, recyclers, converters, and brand owners engaged in advancing recycling standards, infrastructure development, and circular economy initiatives. Participation in PSRA provides Aduro with a forum to collaborate on the technical and market challenges unique to polystyrene, one of the more difficult plastics to recycle due to limited collection infrastructure and low recovery rates. Aduro’s early-stage work converting polystyrene into targeted hydrocarbon intermediates using Hydrochemolytic™ Technology aligns with the Alliance’s objectives of supporting innovation and developing viable end markets. This work builds on the Company’s previously disclosed patent filing covering the production of BTX (benzene, toluene, xylenes) from waste plastics and renewable oils, further highlighting the applicability of HCT to polystyrene recovery. Feedstock Innovation – Synthetic Turf Testing In July 2025, Aduro announced the completion of testing of synthetic turf waste, commonly used in sports stadiums and landscaping, using its Hydrochemolytic™ Technology with encouraging results. Synthetic turf represents a complex waste stream, composed of multiple materials that are typically difficult to recycle. The tests focused on the polyolefin components, where HCT demonstrated the ability to convert these fractions into shorter-chain hydrocarbons under controlled conditions. This was achieved without extensive preprocessing, as the process demonstrated tolerance for the mixed materials and contaminants typically present in aged turf systems. As part of this initiative, the Company received synthetic turf samples from a global industry stakeholder for evaluation. Several other parties have expressed interest in the results, underscoring the growing demand for chemical recycling options in this segment. While still at an exploratory stage, the results highlight an area of potential application that has attracted interest from external parties, reflecting the need for innovative approaches to turf and composite waste materials. For a more detailed discussion of Aduro's Q4 and fiscal full year 2025 results, please refer to the Company's audited financial statements for the fiscal year ended May 31, 2025, and management discussion & analysis for the three and twelve months ended May 31, 2025, which are available at www.sedarplus.ca. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Investor Relations [email protected] +1 226 784 8889 KCSA Strategic Communications Jack Perkins, Vice President [email protected] Forward-Looking Statements This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. In this news release, the forward-looking statements include, but are not limited to, statements regarding the expected timing of commissioning activities for the Pilot Plant; the scalability and commercial adoption potential of Hydrochemolytic™ Technology (“HCT”); the anticipated outcomes of testing new feedstocks such as synthetic turf; the development of a demonstration-scale HCT plant in collaboration with NexGen Polymers; the strategic collaboration with Siemens Canada and its expected contributions to the Pilot Plant; the potential commercial pathway for agricultural plastics recycling with Cleanfarms Inc.; the results and implications of the Life Cycle Assessment being conducted by Delphi; the continued progress and timeline for construction and commissioning of the NGP Pilot Plant; the expected benefits of the Customer Engagement Program and technical validation efforts; the use of proceeds and strategic impact of the June 2025 U.S. public offering; the anticipated contributions of newly appointed Chief Operating Officer David Weizenbach; the benefits of joining industry associations such as PLASTICS and PSRA; and the commercial and technical relevance of successful synthetic turf testing. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to, delays or unforeseen challenges in the construction, commissioning, or operation of the Pilot Plant; inability to secure sufficient or suitable feedstock supply for testing or commercial operations; failure to achieve desired technical or economic outcomes from collaborations or pilot projects; changes in market demand or regulatory frameworks affecting chemical recycling or clean technologies; risks related to intellectual property protection and commercialization of proprietary technologies; fluctuations in foreign exchange rates and commodity prices; availability and cost of financing, including future equity or debt offerings; general economic, market, and industry conditions, including supply chain disruptions; dependence on key personnel and the ability to attract and retain qualified staff; and risks associated with operating in multiple jurisdictions and complying with diverse regulatory requirements; unexpected adverse market conditions may negatively affect the Company and its progress, including adverse market conditions and other factors beyond the control of the parties. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events, or otherwise, except as required by applicable law. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c2b40fab-9e39-4d62-82c4-e38fe0c9e849

LONDON, Ontario, April 15, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, has filed its interim condensed consolidated financial results for the three and nine months ended February 28, 2025, and has provided the following highlights. Unless otherwise indicated, all financial information in this press release is reported in Canadian dollars. Ofer Vicus, CEO of Aduro, commented, “During the third fiscal quarter, Aduro continued to execute toward its 2025 strategic goals by expanding engineering capacity and leadership while maintaining momentum in its customer engagement and commercial scale-up programs. Additionally, the filing of a new patent for a novel process design enhancing the effective implementation of our Hydrochemolytic™ Technology (“HCT”) further strengthens our ability to advance both the chemistry and practical application of the Company’s technologies.” Mena Beshay, CFO of Aduro, stated, “Following our Nasdaq listing in November 2024, Aduro remains focused on advancing its growth strategy and scale-up program. With a strong cash position and a seasoned management team, the Company is well positioned to execute on its strategic priorities through the remainder of fiscal 2025 and beyond.” Third Quarter 2025 - Financial Highlights Quarterly revenue of $63,399 was recorded in Q3 2025, a decrease of 39% versus revenue of $103,628 generated in Q3 2024. Year-to-date revenue for the nine-months ending February 28, 2025, was $156,542, a decrease of 33% compared to the nine-months ending February 29, 2024. All of the Company’s current revenue is earned through the completion of services under customer engagement programs “CEP” for evaluation of the Company’s technology applications. This revenue is not recurring and is driven by the testing and technical evaluation work conducted during the period. Additionally, progress made on ongoing customer engagement programs depends on multiple factors, including the allocation of Company resources between the technology scale-up and commercialization program and the ongoing analysis and customer engagement programs. Loss from operations was $2,851,772 for Q3 2025, compared to a loss from operations of $2,027,383 in Q3 2024. This was primarily driven by Company’s growth and the hiring of new employees, increase in non-cash share-based compensation, as well as corporate expenses associated with our Nasdaq listing in November 2024. At February 28, 2025, the carrying cost of property, plant, and equipment was $4.2 million, representing an increase of $85,010 and $553,513 in the three-and nine-months ending February 28, 2025, respectively, primarily due to an increased investment in research equipment and laboratory facilities to support our current rate of growth. The Company maintained a strong cash position with $8.4 million at February 28th, 2025. Third Quarter 2025 - Corporate Highlights and Subsequent Events Key Corporate Updates and Achievements: Reaching Key Milestone in Pilot Plant Design: Aduro announced the successful completion of the Basic Engineering Design phase for its HCT Next Generation Process (NGP) pilot plant, marking a significant milestone in the commercialization of its platform technology. With the NGP pilot plant on track for commissioning in the third quarter of this year, the Basic Engineering Design represents the culmination of many years of extensive research and development. Aduro has partnered with Zeton, a global leader in modular pilot and demonstration-scale plant design. Both organizations are collaborating closely to advance the project towards installation and commissioning. Announced Filing of New Patent: Aduro announced the filing of a patent application in the United States for a novel process design for effective implementation of its HCT. The design will be integrated into the NGP pilot plant. This new patent application strengthens Aduro’s position in advancing HCT chemistry and its practical implementation, allowing the Company to continue advancing its commercial path as well as expanding the Company’s intellectual property assets. The application also marks the achievement of a key milestone, delivering on one of the primary objectives for the current year. Appointed Vice President of Engineering: The Company appointed Arturo Gomez as Vice President of Engineering. Aduro continues to enhance its strong engineering team alongside the Company’s R&D and Operation teams. Hiring Dr. Gomez underscores Aduro’s strong commitment to support the process scale-up of its HCT. As Aduro progresses towards commissioning its NGP pilot plant, Dr. Gomez’s expertise in process scale-up will prove invaluable in completing the pilot plant and advancing the future commercial demonstration plant. With over 20 years of expertise in process engineering and chemical process design, including leading teams through the successful transition of technologies from laboratory and pilot phases to commercial-scale operations, Dr. Gomez has a history of managing complex projects in reactor design, advanced materials manufacturing, and chemical process optimization, positioning Aduro for a stronger path towards commercialization. Dr. Gomez’s career includes senior engineering roles at leading organizations such as MilliporeSigma (a Merck KGaA), Lanxess and Bartek Ingredients. Arturo holds a Ph.D. in Chemical and Petroleum Engineering from the University of Calgary and is a licensed Professional Engineer (P.Eng.). Appointed Vice President of Finance: The Company appointed Neha Nisar as Vice President of Finance, as a critical team member in Aduro’s expansion phase that requires focused vision, strategic planning, strong financial oversight, and effective resource management. Mrs. Nisar has over two decades of experience in financial leadership, risk management and strategic planning across diverse industries. Mrs. Nisar has held key leadership positions at Marriott International, Canada Goose, and MEDNOW. Exercise of Over Allotment Option: The Company announced that the underwriters of its underwritten U.S. public offering in connection with its uplisting to Nasdaq, has exercised their over-allotment option to purchase an additional 22,470 common shares at the public offering price of US$4.25 per share. After giving effect to the partial exercise of the over-allotment option, the Company sold an aggregate 1,063,647 common shares for gross proceeds of approximately US$4.52 million, before deducting underwriter discounts and other related expenses. The option closing date was December 11, 2024. Election of Directors: Aduro confirmed that all the nominees for election as directors of the Company referred to in its notice of meeting and information circular dated October 23, 2024, were elected at its 2023/2024 annual general meeting held on November 22, 2024. Investment Community Engagement: The Company participated in several investor events during and subsequent to the third quarter. In January 2025, Aduro marked its Nasdaq listing milestone by ringing the Closing Bell at the Nasdaq MarketSite in New York. The event highlighted the Company’s transition to a broader investor platform and commitment to commercial growth. In January 2025, Aduro hosted a virtual fireside chat, where the Company’s management team discussed the commercialization strategy for its innovative HCT. In March 2025, Ofer Vicus joined Michael Spector host of Nasdaq Amplify to share how Aduro is transforming the world of chemical recycling, and heavy oil upgrading. In addition, Aduro has participated in the following conferences year to date: 29th ICIS World Base Oils and Lubricants Conference Alberta Circular Plastics Day 2025 – Alberta Plastics Recycling Association 2025 CUWP Annual Meeting – Poster Presentation 2nd Asia Sustainable Plastics Summit 2025 11th ICIS World Polyolefins Conference Canadian Circular Economy Summit Gabelli Funds 11th Annual Waste & Environmental Services Symposium LD Micro 15th Annual Invitational CEM 13th Annual Scottsdale Capital Event Signing of Memorandum of Understanding (“MOU”) with NexGen Polymers: Aduro signed an MOU with NexGen Polymers, detailing a framework for a proposed collaboration to develop a demonstration-scale HCT plant including securing feedstock supply, potential site selection, and plant operations to optimize data generation for the future development of configurable commercial solutions. For a more detailed discussion of Aduro's Q3 2025 results, please refer to the Company's condensed interim consolidated financial statements and interim management discussion & analysis for the three and nine months ended February 28, 2025, which are available at www.sedarplus.ca. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Head of Corporate Development/Investor [email protected]+1 226 784 8889 KCSA Strategic CommunicationsJack Perkins, Senior Vice [email protected] Forward-Looking Statements This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. In this news release, the forward-looking statements include, but are not limited to, Aduro's strategic goals for 2025, the advancement of its Hydrochemolytic™ Technology (HCT), the growth strategy and scale-up program following its Nasdaq listing, the commissioning of the NGP pilot plant, the filing of a new patent application, the process scale-up and future commercial demonstration plant, the expansion phase requiring strategic planning and resource management, and the collaboration with NexGen Polymers to develop a demonstration-scale HCT plant. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, various technology risks such as the possibility that the HCT may not advance as expected, competing technologies gaining greater market share or being found to be more efficient or reliable, the HCT not being commercially viable or failing to obtain significant market share, and challenges in scaling up the technology or integrating it into existing systems; risks related to the commissioning of the NGP pilot plant include the possibility that it may not proceed or be completed as anticipated due to technical, logistical, or financial issues; risks that the patent for the novel process design may not be filed as expected due to technical reasons such as incomplete data, regulatory hurdles, or unforeseen legal challenges; risks related to the process scale-up and future commercial demonstration plant, including potential technical difficulties, cost overruns, and delays in achieving commercial viability; risks that the expansion phase requiring strategic planning and resource management may face challenges such as misallocation of resources, inadequate strategic planning, and unforeseen market conditions; risks that the collaboration with NexGen Polymers to develop a demonstration-scale HCT plant may not be completed as planned, and the project may not be commercially or financially viable due to issues such as securing feedstock supply, site selection, and operational challenges; risks of fluctuations in market demand or economic conditions impacting sales and revenue, changes in the cost of materials, labor, or overhead affecting operational expenses, unexpected operational issues or inefficiencies increasing costs or reducing output, new laws or regulations imposing additional costs or altering operational procedures, natural disasters, pandemics, or other unforeseen events disrupting operations, errors in the budgeting process such as overestimating sales or underestimating costs, strategic shifts or changes in management leading to different spending patterns or priorities, and seasonal fluctuations in sales or expenses that may not have been accurately accounted for in the budget could also impact the Company's performance; financing risks, including difficulties in securing necessary funding or investment, and market uncertainty due to political instability, tariffs, and other geopolitical factors, could also materially affect outcomes, and other factors that may negatively affect the Company's operations and financial performance. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events, or otherwise, except as required by applicable law. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e85d4ebe-e8d7-43db-ab43-b8c4132e7f4e