Aduro Clean Technologies Reports Q3 2024 (End of March) Financial Results

Report Highlights:

• During Q3 2024, Aduro generated CAD 103,628 in revenue, an increase of 78% as compared to revenue of CAD 58,290 generated in Q3 2023. Year-to-date revenue for the nine-months ending February 29th, 2024 increased 304% as compared to the nine-months ending February 28th, 2023.
• Aduro maintains a strong cash position of CAD 2,156,359 as of February 29th, 2024, with additional gross proceeds of CAD 2,081,094 from the exercise of warrants and options, further strengthening Aduro’s balance sheet.
• Significant developments of its Hydrochemolytic™ Technology have been rigorously tested with the continuous flow Plastic reactor. Since its launch in 2023, the reactor has conducted numerous tests on various polypropylene feedstocks, demonstrating exceptional conversion efficiency, up to 95%, into valuable hydrocarbon resources.