Aduro Clean Technologies Secures $20 Million in U.S. Public Offering to Advance Clean Chemical Recycling Technology

Aduro Clean Technologies Inc., a clean technology company specializing in chemistry-based processes for converting lower-value feedstocks into higher-value resources, has announced the closing of its underwritten U.S. public offering, raising gross proceeds of approximately $20 million. The company, which trades on NASDAQ under the symbol ADUR, as well as on the CSE and FSE, sold 1,739,130 common shares accompanied by warrants to purchase an additional 869,565 common shares.

The offering structure included one-half warrant per common share, with each whole warrant immediately exercisable at $16.00 per share and expiring three years from issuance. D. Boral Capital LLC acted as the lead underwriter for the offering, with Roth Capital Partners serving as financial advisor. According to the company, the net proceeds from this capital raise are intended primarily to support the construction of its Demonstration-Scale Plant. Additional allocated uses include research and development, general corporate purposes, and working capital.

This financial milestone is significant for advancing Aduro's core technology, known as Hydrochemolytic™ Technology. This patented, water-based chemical platform operates at relatively low temperatures and cost to address major waste and resource challenges. The technology is designed 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. By using water as a critical agent, the process represents a potentially game-changing approach to upgrading low-value feedstocks into 21st-century resources.

The successful $20 million offering underscores investor confidence in Aduro's business model and technological roadmap at a time when global demand for sustainable waste management and circular economy solutions is intensifying. The capital infusion directly accelerates the company's path to commercial demonstration, a critical phase for scaling its innovative processes. The construction and operation of the Demonstration-Scale Plant will serve as a vital proving ground, potentially validating the economic and technical feasibility of Aduro's methods for industrial application.

For the industry, Aduro's progress highlights the growing financial and strategic focus on advanced chemical recycling technologies, which are seen as complementary or alternative solutions to mechanical recycling and landfilling for hard-to-recycle plastics. The development could influence broader market dynamics, encouraging further investment and innovation in the sector aimed at creating a more circular economy for plastics and hydrocarbons. For stakeholders and observers, the company's next steps, particularly the deployment of the raised capital toward its demonstration facility, will be a key indicator of its ability to transition from a technology developer to a commercial-scale operator in the competitive clean tech landscape. More information about Aduro Clean Technologies can be found at https://www.adurocleantech.com/.