{"success":true,"data":{"pressRelease":{"id":"71904","rtpr_id":"nGNEc9Wsny","ticker":"ADUR","exchange":"NASDAQ","all_tickers":["ADUR","ACT"],"title":"Aduro Clean Technologies Announces Closing of LIFE Offering","author":"Globe Newswire","published_at":"2026-06-24T12:00:00.481Z","article_body":"LONDON, Ontario, June 24, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies\nInc\n(https://www.globenewswire.com/Tracker?data=7nVMGpwyeQN4xBgagOvYaq0-oOAOL7ELBqRRjv6Y35WZCvTFLB6Un0VEvPV0OEiSdSEUtS6w-PHAUBR0saZ7_ssAglx6wp2kJvX9j_FaJKpzlws5DlA5hQduSwsze9yBOVUttkUHHnGDrasBM4mRS-V_SBBKQUgVOVVtkxx0IiJIRhHHGlEeUH2pB4DPPpMNix4k4fiNp_Qt6UUhmAPG5g==).\n(“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a\nclean technology company using the power of chemistry to transform lower value\nfeedstocks, like waste plastics, heavy bitumen, and renewable oils, into\nresources for the 21(st) century, today announced that, further to its\nprevious news releases dated June 10, 2026\n(https://www.globenewswire.com/Tracker?data=J11laZJtos3Eq4FqGscCxnsoirv-lQA8SsjfAq4sowsoHXsaUWVfrVIk5UEeY1Lu1SsUFmayGPxWyM7xZiWAG9AFq_V0zaihOtvLUQzSe2_Ob8YTQ0hb7NqioacXyGa9cYJBZ36gN0ILmRtF7tmXI-9VJmAE81F2xp0uV6cJNxxT83l8tp0zou3fjuOl5jcvdZnpdyLWFc5wPIR1QeU2KV7llb17ZwjVTBnhf4HmPXO71BTrBHkgQwKz7gCnK7u_2YiU1nhuLSWHp0NulUrLDoBbU2YVH3Gm4RPzXAKu7uw2mpRUSTjTwb_JmtxHxldFodiT9L6A3k1OzaJNKYg_Muy3nACIlKSjY6AtBVjhdkAr7vRNttx2WgsUii09DekypMqJaFuWTgJXy1yMYFOhHJ1toIkodJQqwimjwwmg3_xwG0DKh2wNACsz3s6laAfUPkpEowM3mBK0SpvcnLgR9qwxXrzK7qYq1VlqKO90KXY=)\nand June 15, 2026\n(https://www.globenewswire.com/Tracker?data=J11laZJtos3Eq4FqGscCxpygWjFpSgywfyLw3ctFD95_Y0L9A0R7EmJ3q2LplUoxneKXntuSYtI9LRX5jht9eTYYacRJST6M04eciG3-42DbDKB_nbNDIihwVeG3YxCrdUByVKNcGV2kpxNvBZpoaMvGnb8T2R6n3BSVOIm5IFXs4dzNiZCy0sAIbI2AXs6nLpNZOYcxKhzJhZru0EcJ7olQV1rrQKdCnWqzdAqaAyKcZIK_qT08WVn3p6TToAOjT4fXUwG_ZiNXLU6aNb45pLjusrvosZsDChjbPpwqpCZJ7c_soNY4gF7t5-lDXqFP_dgtZR4CMHL_a99Tw1GFkoSjRt3SHbGhARIPM9itokpjpi7ETYaqPZUaT0mnvYmmg9aVBD7FnHE8p_hT0uNGpMfJI6dzBbqgMQNP99E94zNZWnyH57P5Nf2NGEWNXY5O8QZmI8t2hUEybBeRCrpYvg==),\nit has completed a non-brokered private placement for gross proceeds of\nC$9,155,940.80 (US$6,564,810.21) from the sale of 431,884 common shares (the\n“LIFE Shares”) at a price of C$21.20 (US$15.20) per LIFE Share (the\n“LIFE Offering”) under the LIFE Exemption (as defined herein).\n\nSubject to compliance with applicable regulatory requirements and in\naccordance with National Instrument 45-106 – Prospectus Exemptions (“NI\n45-106”), the LIFE Offering was made to purchasers resident in all provinces\nof Canada, except Quebec, pursuant to the listed issuer financing exemption\nunder Part 5A of NI 45-106 and Coordinated Blanket Order 45-935 – Exemptions\nfrom Certain Conditions of the Listed Issuer Financing Exemption of the\nCanadian Securities Administrators (the “LIFE Exemption”). The securities\noffered under the LIFE Offering pursuant to the LIFE Exemption are not subject\nto resale restrictions in accordance with applicable Canadian securities laws.\n\nThe Company’s amended and restated offering document dated June 15, 2026\n(the “Offering Document”) relating to the LIFE Offering is available under\nthe Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s\nwebsite at www.adurocleantech.com.\n\nThe Company intends to use the net proceeds of the LIFE Offering in the manner\ndescribed in the Offering Document, including for technology development,\ncommercialization activities, working capital and general corporate purposes.\n\nIn connection with the LIFE Offering, the Company paid aggregate cash finder's\nfees of C$539,994.53 to eligible finders in accordance with applicable\nsecurities laws and Toronto Stock Exchange requirements. Certain insiders of\nthe Company participated in the LIFE Offering. The participation by insiders\nconstitutes a “related party transaction” within the meaning of\nMultilateral Instrument 61-101 - Protection of Minority Shareholders in\nSpecial Transactions (“MI 61-101”). The Company has relied on applicable\nexemptions from the formal valuation and minority approval requirements in\nSections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101. The Company did not\nfile a material change report with respect to the insider participation more\nthan 21 days before the expected closing of the LIFE Offering, as the details\nand amounts of the insider participation were not finalized until shortly\nprior to closing and the Company wished to close the transaction as soon as\npracticable for sound business reasons.\n\nThe Toronto Stock Exchange has conditionally approved the LIFE Offering. Final\napproval remains subject to customary post-closing requirements. The Company\nhas relied on the exemption set forth in Section 602.1 of the TSX Company\nManual in connection with the LIFE Offering.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to sell any securities in the United States. The securities have not\nbeen and will not be registered under the United States Securities Act of\n1933, as amended (the “U.S. Securities Act”) or any state securities laws\nand may not be offered or sold within the United States or to U.S. Persons\nunless registered under the U.S. Securities Act and applicable state\nsecurities laws or an exemption from such registration is available.\n\nAll foreign exchange calculations set forth in this press release is based on\nthe exchange rate posted by the Bank of Canada on June 9, 2026 of US$1 =\nC$1.3947.\n\nAbout Aduro Clean Technologies\n\nAduro Clean Technologies is a developer of patented water-based technologies\nto chemically recycle waste plastics; convert heavy crude and bitumen into\nlighter, more valuable oil; and transform renewable oils into higher-value\nfuels or renewable chemicals. The Company’s Hydrochemolytic™ technology\nrelies on water as a critical agent in a chemistry platform that operates at\nrelatively low temperatures and cost, a game-changing approach that converts\nlow-value feedstocks into resources for the 21st century.\n\nFor further information, please contact:\n\nAbe Dyck, Head of Corporate Development / Investor Relations\nir@adurocleantech.com\n+1 226 784 8889\n\nForward-Looking Statements\n\nThis news release contains \"forward-looking statements\" within the meaning of\napplicable United States securities laws and \"forward-looking information\"\nwithin the meaning of applicable Canadian securities laws (collectively,\n\"forward-looking statements\"). Forward-looking statements in this news release\ninclude, without limitation, statements relating to the intended use of\nproceeds from the LIFE Offering, the receipt of final approval of the Toronto\nStock Exchange and the Company's business plans, commercialization activities,\ntechnology development initiatives and strategic objectives. Forward-looking\nstatements are based on management's current expectations, estimates,\nassumptions and beliefs, including assumptions regarding the Company's ability\nto deploy the proceeds of the LIFE Offering as anticipated, the receipt of all\nrequired regulatory approvals and the continued advancement of the Company's\nbusiness and technology programs. When used in this news release, words such\nas \"expect,\" \"intend,\" \"anticipate,\" \"believe,\" \"may,\" \"will,\" and similar\nexpressions are intended to identify forward-looking statements. These\nforward-looking statements are subject to known and unknown risks,\nuncertainties and other factors that may cause actual results, performance or\nachievements to differ materially from those expressed or implied by such\nforward-looking statements, including risks relating to market conditions, the\nCompany's ability to execute its business plans, the development and\ncommercialization of its technologies, regulatory approvals and other risks\ndescribed under the heading \"Risk Factors\" in the Company's continuous\ndisclosure documents filed under the Company's profile on SEDAR+ at\nwww.sedarplus.ca and on EDGAR at https://www.sec.gov. Forward-looking\nstatements are made as of the date of this news release and the Company\nundertakes no obligation to update or revise any forward-looking statements,\nwhether as a result of new information, future events or otherwise, except as\nrequired by applicable law. Readers are cautioned not to place undue reliance\non forward-looking statements.\n\n\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/4fb77643-c04b-4bfc-af2c-ad5d1034d39d","article_body_html":"","raw_payload":{"data":{"id":"nGNEc9Wsny","title":"Aduro Clean Technologies Announces Closing of LIFE Offering","author":"Globe Newswire","ticker":"ADUR","created":"2026-06-24T12:00:00.481Z","tickers":["ADUR","ACT"],"exchange":"NASDAQ","article_body":"LONDON, Ontario, June 24, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies\nInc\n(https://www.globenewswire.com/Tracker?data=7nVMGpwyeQN4xBgagOvYaq0-oOAOL7ELBqRRjv6Y35WZCvTFLB6Un0VEvPV0OEiSdSEUtS6w-PHAUBR0saZ7_ssAglx6wp2kJvX9j_FaJKpzlws5DlA5hQduSwsze9yBOVUttkUHHnGDrasBM4mRS-V_SBBKQUgVOVVtkxx0IiJIRhHHGlEeUH2pB4DPPpMNix4k4fiNp_Qt6UUhmAPG5g==).\n(“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a\nclean technology company using the power of chemistry to transform lower value\nfeedstocks, like waste plastics, heavy bitumen, and renewable oils, into\nresources for the 21(st) century, today announced that, further to its\nprevious news releases dated June 10, 2026\n(https://www.globenewswire.com/Tracker?data=J11laZJtos3Eq4FqGscCxnsoirv-lQA8SsjfAq4sowsoHXsaUWVfrVIk5UEeY1Lu1SsUFmayGPxWyM7xZiWAG9AFq_V0zaihOtvLUQzSe2_Ob8YTQ0hb7NqioacXyGa9cYJBZ36gN0ILmRtF7tmXI-9VJmAE81F2xp0uV6cJNxxT83l8tp0zou3fjuOl5jcvdZnpdyLWFc5wPIR1QeU2KV7llb17ZwjVTBnhf4HmPXO71BTrBHkgQwKz7gCnK7u_2YiU1nhuLSWHp0NulUrLDoBbU2YVH3Gm4RPzXAKu7uw2mpRUSTjTwb_JmtxHxldFodiT9L6A3k1OzaJNKYg_Muy3nACIlKSjY6AtBVjhdkAr7vRNttx2WgsUii09DekypMqJaFuWTgJXy1yMYFOhHJ1toIkodJQqwimjwwmg3_xwG0DKh2wNACsz3s6laAfUPkpEowM3mBK0SpvcnLgR9qwxXrzK7qYq1VlqKO90KXY=)\nand June 15, 2026\n(https://www.globenewswire.com/Tracker?data=J11laZJtos3Eq4FqGscCxpygWjFpSgywfyLw3ctFD95_Y0L9A0R7EmJ3q2LplUoxneKXntuSYtI9LRX5jht9eTYYacRJST6M04eciG3-42DbDKB_nbNDIihwVeG3YxCrdUByVKNcGV2kpxNvBZpoaMvGnb8T2R6n3BSVOIm5IFXs4dzNiZCy0sAIbI2AXs6nLpNZOYcxKhzJhZru0EcJ7olQV1rrQKdCnWqzdAqaAyKcZIK_qT08WVn3p6TToAOjT4fXUwG_ZiNXLU6aNb45pLjusrvosZsDChjbPpwqpCZJ7c_soNY4gF7t5-lDXqFP_dgtZR4CMHL_a99Tw1GFkoSjRt3SHbGhARIPM9itokpjpi7ETYaqPZUaT0mnvYmmg9aVBD7FnHE8p_hT0uNGpMfJI6dzBbqgMQNP99E94zNZWnyH57P5Nf2NGEWNXY5O8QZmI8t2hUEybBeRCrpYvg==),\nit has completed a non-brokered private placement for gross proceeds of\nC$9,155,940.80 (US$6,564,810.21) from the sale of 431,884 common shares (the\n“LIFE Shares”) at a price of C$21.20 (US$15.20) per LIFE Share (the\n“LIFE Offering”) under the LIFE Exemption (as defined herein).\n\nSubject to compliance with applicable regulatory requirements and in\naccordance with National Instrument 45-106 – Prospectus Exemptions (“NI\n45-106”), the LIFE Offering was made to purchasers resident in all provinces\nof Canada, except Quebec, pursuant to the listed issuer financing exemption\nunder Part 5A of NI 45-106 and Coordinated Blanket Order 45-935 – Exemptions\nfrom Certain Conditions of the Listed Issuer Financing Exemption of the\nCanadian Securities Administrators (the “LIFE Exemption”). The securities\noffered under the LIFE Offering pursuant to the LIFE Exemption are not subject\nto resale restrictions in accordance with applicable Canadian securities laws.\n\nThe Company’s amended and restated offering document dated June 15, 2026\n(the “Offering Document”) relating to the LIFE Offering is available under\nthe Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s\nwebsite at www.adurocleantech.com.\n\nThe Company intends to use the net proceeds of the LIFE Offering in the manner\ndescribed in the Offering Document, including for technology development,\ncommercialization activities, working capital and general corporate purposes.\n\nIn connection with the LIFE Offering, the Company paid aggregate cash finder's\nfees of C$539,994.53 to eligible finders in accordance with applicable\nsecurities laws and Toronto Stock Exchange requirements. Certain insiders of\nthe Company participated in the LIFE Offering. The participation by insiders\nconstitutes a “related party transaction” within the meaning of\nMultilateral Instrument 61-101 - Protection of Minority Shareholders in\nSpecial Transactions (“MI 61-101”). The Company has relied on applicable\nexemptions from the formal valuation and minority approval requirements in\nSections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101. The Company did not\nfile a material change report with respect to the insider participation more\nthan 21 days before the expected closing of the LIFE Offering, as the details\nand amounts of the insider participation were not finalized until shortly\nprior to closing and the Company wished to close the transaction as soon as\npracticable for sound business reasons.\n\nThe Toronto Stock Exchange has conditionally approved the LIFE Offering. Final\napproval remains subject to customary post-closing requirements. The Company\nhas relied on the exemption set forth in Section 602.1 of the TSX Company\nManual in connection with the LIFE Offering.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to sell any securities in the United States. The securities have not\nbeen and will not be registered under the United States Securities Act of\n1933, as amended (the “U.S. Securities Act”) or any state securities laws\nand may not be offered or sold within the United States or to U.S. Persons\nunless registered under the U.S. Securities Act and applicable state\nsecurities laws or an exemption from such registration is available.\n\nAll foreign exchange calculations set forth in this press release is based on\nthe exchange rate posted by the Bank of Canada on June 9, 2026 of US$1 =\nC$1.3947.\n\nAbout Aduro Clean Technologies\n\nAduro Clean Technologies is a developer of patented water-based technologies\nto chemically recycle waste plastics; convert heavy crude and bitumen into\nlighter, more valuable oil; and transform renewable oils into higher-value\nfuels or renewable chemicals. The Company’s Hydrochemolytic™ technology\nrelies on water as a critical agent in a chemistry platform that operates at\nrelatively low temperatures and cost, a game-changing approach that converts\nlow-value feedstocks into resources for the 21st century.\n\nFor further information, please contact:\n\nAbe Dyck, Head of Corporate Development / Investor Relations\nir@adurocleantech.com\n+1 226 784 8889\n\nForward-Looking Statements\n\nThis news release contains \"forward-looking statements\" within the meaning of\napplicable United States securities laws and \"forward-looking information\"\nwithin the meaning of applicable Canadian securities laws (collectively,\n\"forward-looking statements\"). Forward-looking statements in this news release\ninclude, without limitation, statements relating to the intended use of\nproceeds from the LIFE Offering, the receipt of final approval of the Toronto\nStock Exchange and the Company's business plans, commercialization activities,\ntechnology development initiatives and strategic objectives. Forward-looking\nstatements are based on management's current expectations, estimates,\nassumptions and beliefs, including assumptions regarding the Company's ability\nto deploy the proceeds of the LIFE Offering as anticipated, the receipt of all\nrequired regulatory approvals and the continued advancement of the Company's\nbusiness and technology programs. When used in this news release, words such\nas \"expect,\" \"intend,\" \"anticipate,\" \"believe,\" \"may,\" \"will,\" and similar\nexpressions are intended to identify forward-looking statements. These\nforward-looking statements are subject to known and unknown risks,\nuncertainties and other factors that may cause actual results, performance or\nachievements to differ materially from those expressed or implied by such\nforward-looking statements, including risks relating to market conditions, the\nCompany's ability to execute its business plans, the development and\ncommercialization of its technologies, regulatory approvals and other risks\ndescribed under the heading \"Risk Factors\" in the Company's continuous\ndisclosure documents filed under the Company's profile on SEDAR+ at\nwww.sedarplus.ca and on EDGAR at https://www.sec.gov. Forward-looking\nstatements are made as of the date of this news release and the Company\nundertakes no obligation to update or revise any forward-looking statements,\nwhether as a result of new information, future events or otherwise, except as\nrequired by applicable law. Readers are cautioned not to place undue reliance\non forward-looking statements.\n\n\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/4fb77643-c04b-4bfc-af2c-ad5d1034d39d"},"type":"article","timestamp":"2026-06-24T12:00:01.640952543Z","server_sent_at_ms":1782302401640},"received_at":"2026-06-24T12:00:01.746Z","source_url":"https://www.globenewswire.com/news-release/2026/06/24/3316787/0/en/Aduro-Clean-Technologies-Announces-Closing-of-LIFE-Offering.html"},"analysis":{"id":"61278","press_release_id":"71904","analysis_json":{"industry":{"label":"Chemicals","sector":"Materials"},"redFlags":["Insiders participated in the offering without formal valuation or minority shareholder approval","Use of proceeds includes general corporate purposes"],"eventType":"offering","narrative":"Aduro Clean Technologies closed a non-brokered private placement, raising gross proceeds of C$9.16 million (US$6.56 million) through the sale of 431,884 common shares at C$21.20 per share.\n\nThe offering was conducted under the Listed Issuer Financing Exemption in Canada and included participation from company insiders, constituting a related party transaction.\n\nNet proceeds are earmarked for technology development, commercialization, and working capital, with the Toronto Stock Exchange granting conditional approval.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Small-cap private placement closes with insider participation."},"keyFigures":{"offeringPrice":15.2,"sharesOffered":431884,"customDimensions":{"offering_price_cad":21.2}},"quotedText":"","namedEntities":{"people":[{"name":"Abe Dyck","role":"Head of Corporate Development / Investor Relations"}],"products":["Hydrochemolytic™ technology"],"companies":[{"name":"Aduro Clean Technologies Inc.","ticker":"ADUR"},{"name":"Toronto Stock Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"C$9,155,940.80","context":"gross proceeds of LIFE Offering"},{"amount":"US$6,564,810.21","context":"gross proceeds of LIFE Offering"},{"amount":"C$21.20","context":"price per LIFE Share"},{"amount":"US$15.20","context":"price per LIFE Share"},{"amount":"C$539,994.53","context":"aggregate cash finder's fees"}]},"materialImpact":{"score":2,"reasoning":"Small-cap non-brokered private placement raising approximately $6.5M USD. While dilutive, the proceeds support standard corporate development and the offering size is routine for a company of this stage."},"tickerRelevance":{"others":[],"primary":"ADUR"},"globalImportance":12,"audienceRelevance":8,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"private-placement-financing","sectorWeight":"materials"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":2,"narrative":"Aduro Clean Technologies closed a non-brokered private placement, raising gross proceeds of C$9.16 million (US$6.56 million) through the sale of 431,884 common shares at C$21.20 per share.\n\nThe offering was conducted under the Listed Issuer Financing Exemption in Canada and included participation from company insiders, constituting a related party transaction.\n\nNet proceeds are earmarked for technology development, commercialization, and working capital, with the Toronto Stock Exchange granting conditional approval.","key_figures":{"offeringPrice":15.2,"sharesOffered":431884,"customDimensions":{"offering_price_cad":21.2}},"named_entities":{"people":[{"name":"Abe Dyck","role":"Head of Corporate Development / Investor Relations"}],"products":["Hydrochemolytic™ technology"],"companies":[{"name":"Aduro Clean Technologies Inc.","ticker":"ADUR"},{"name":"Toronto Stock Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"C$9,155,940.80","context":"gross proceeds of LIFE Offering"},{"amount":"US$6,564,810.21","context":"gross proceeds of LIFE Offering"},{"amount":"C$21.20","context":"price per LIFE Share"},{"amount":"US$15.20","context":"price per LIFE Share"},{"amount":"C$539,994.53","context":"aggregate cash finder's fees"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-24T12:11:03.719Z","global_importance":12,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap","eventGravity":"private-placement-financing","sectorWeight":"materials"}},"durationMs":145089,"modelName":"george-droid-qwen-72b"}}