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Aduro Clean Technologies Announces Closing of US$4 Million Uplisting to Nasdaq

Nov 08, 2024

Contract Type

partnership

LondonInformation TechnologyBiotechnology

Description

Aduro Clean Technologies Inc. has closed its underwritten U.S. public offering, raising approximately US$4.00 million before deducting underwriting discounts and expenses. The net proceeds from the offering will be used for ongoing research and development costs, expenditures related to the construction of its 'Next Generation Process' unit, and general corporate purposes.

Company Information

Company

Aduro Clean Technologies

Location

London, Ontario, Canada

About

Aduro Clean Technologies is dedicated to advancing chemical recycling beyond pyrolysis through the development and commercialization of its patented Hydrochemolytic™ Technology (HCT). This innovative approach transforms low-value hydrocarbons with undesirable characteristics into valuable resources efficiently and sustainably. At Aduro, we operate at the intersection of challenges and possibilities, converting waste into value. Our technology platform excels in this transformative space, enhancing the recyclability of plastics, improving the environmental sustainability of heavy oils, and making renewable fuels more cost-effective. We are committed to driving progress in these areas and are continually expanding our efforts.