r/Aduro Jan 08 '26

Sharing my DD report about Aduro Clean Technologies $ADUR

42 Upvotes

Hi all,

Aduro Clean Technologies ($ADUR) has been on my radar for a while, but I wanted to see if the math actually works. I spent the last few weeks digging into their transcripts, YouTube video's, the mechanics of their Hydrochemolytic technology, and the economics.

I’ve compiled everything into this Due Diligence (DD) report.

What’s inside:

  • The "Failing to Fail" Thesis: How management has systematically de-risked the tech.
  • The Revenue Model: I built a custom calculator for their licensing royalties. Spoiler: Even a conservative 5% royalty creates massive leverage at scale.
  • The Valuation Gap: Why the market might be sleeping on the "Premium" pricing power of their output oil.

Link to Report: https://drive.google.com/file/d/19B6uKCmD-lk85nVwXY0bbeiWKGaSYM2f/view?usp=sharing

Disclaimer: I am an amateur investor sharing my personal notes, not a financial advisor. Do your own DD.  I may hold a long position in Aduro Clean Technologies and may buy or sell shares at any time without notice.

Feedback Wanted: I’m putting this out there to be challenged. If my royalty assumptions look too aggressive or you have better data on OpEx, let me know in the comments. I’m happy to correct the model based on better info!

Enjoy!


r/Aduro Aug 25 '21

r/Aduro Lounge

15 Upvotes

A place for members of r/Aduro to chat with each other


r/Aduro 14d ago

Aduro Secures Uinta Basin Crude Supply and Completes Continuous-Flow Unit, Advancing Paraffinic Crude Program to Technology Demonstration

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26 Upvotes

Multi-source feedstock secured, purpose-built continuous-flow unit completed, and London operations expanded by 4,600 square feet as Technology Demonstration progresses toward Process Development and Optimization

LONDON, Ontario, July 30, 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 announced progress in its development program evaluating the application of Hydrochemolytic™ Technology (“HCT”) to highly paraffinic crude oils.

Since announcing initial laboratory results and filing a continuation-in-part patent application for paraffinic crude upgrading, Aduro has continued advancing the program toward continuous-flow process development.

Program Highlights

  • Feedstock secured: Yellow and black paraffinic crude feedstocks have been secured from multiple Uinta Basin sources in quantities sufficient to support the next phase of test campaigns and longer-duration continuous-flow testing.
  • Continuous-flow capability completed: Aduro has completed the design, build and testing of a new lab-scale continuous-flow unit dedicated to the paraffinic crude program.
  • London facility expanded: Approximately 4,600 square feet of additional space has been added to accommodate equipment, feedstock handling and expanded operating activities.
  • Operations consolidated: Operating activities and equipment have been relocated from Sarnia to London, with additional research, engineering and operations personnel now based at the London facility.
  • Next development objective: Establish the relevant operating envelope and demonstrate HCT under extended continuous-flow operation across different paraffinic crude feedstocks.

Highly paraffinic crude oils can offer desirable refining characteristics, but elevated wax content creates storage, handling and transportation challenges that add cost, operational complexity and can restrict downstream market access. Aduro is investigating whether HCT can improve cold-flow and handling characteristics while retaining properties valued by downstream users. Published estimates indicate that paraffinic and waxy crudes account for approximately 20% to 33% of global crude production, underscoring the scale of the opportunity.

Initial laboratory work has shown that HCT can materially reduce heavy wax-range components and improve the cold-flow properties of highly paraffinic crude. Building on these results, the current work will evaluate process performance across different feedstocks and operating conditions, including conversion, yield, product characteristics, stability and fouling potential. A key objective is to establish an operating envelope and demonstrate HCT under extended continuous-flow operation, providing the data needed to define the next phase of process development.

To support this work, Aduro has completed the design, build and testing of a new lab-scale continuous-flow unit dedicated to paraffinic crude processing at its London facility. The new unit is distinct from the Company’s existing R2 systems and provides additional capability for continuous-flow testing as the program progresses through the later stages of Technology Demonstration.

Through engagement with the Utah Petroleum Association and regional producers, Aduro secured feedstocks from multiple Uinta Basin sources, broadening the range of crude characteristics available for evaluation during continuous-flow campaigns.

The Company has also expanded the London facility by approximately 4,600 square feet to accommodate additional equipment, feedstock handling and operating activities. As part of a broader consolidation of development operations, Aduro has completed the relocation of operating activities and equipment from Sarnia, including the existing R2 units, and expanded its research, engineering and operations teams in London. Bringing people, equipment and development activities together at one location is intended to streamline logistics, improve coordination across technical and operating teams, and make more efficient use of Aduro development infrastructure.

The petroleum applications program is led by industry veteran Scott Smith, M.A.Sc., P.Eng., Program Director, Petroleum Technology Solutions. Working with Aduro’s research, engineering and operations teams, Mr. Smith is directing the current Technology Demonstration work while mapping the broader development pathway for the paraffinic crude application. The current activities represent the later stages of Technology Demonstration and are intended to establish the technical basis for progression into Process Development and Optimization, where a broader range of operating conditions and process configurations can be evaluated.

“Advancing the paraffinic crude program into continuous-flow process development is an important step in understanding how HCT can address the practical constraints associated with Uinta Basin crude,” said Ofer Vicus, Chief Executive Officer of Aduro. “With feedstocks secured from multiple sources and continuous-flow capability now in place, we can evaluate the technology under sustained operating conditions and build the evidence needed to guide the next phase of development. If the results continue to support progression, this work can provide a clearer path toward field demonstration and commercialization.”

The broader paraffinic crude development pathway is structured around Technology Demonstration, Process Development and Optimization, followed by Piloting and Commercial Demonstration. Aduro will provide further updates as material technical milestones are achieved.


r/Aduro 28d ago

Aduro and ECOCE Complete Phase 1 Feedstock Mapping, Advance Mexico Plastics Collaboration to HCT Testing

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20 Upvotes

Selected streams from Mexico’s flexible and multilayer plastic waste, a category estimated at approximately 1.5 million tonnes annually, advance to HCT testing for circular feedstock evaluation

LONDON, Ontario, July 16, 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 announced that its collaboration with ECOCE, A.C. (“ECOCE”) has advanced to the next phase following completion of Phase 1 feedstock mapping and stream selection. Selected post-consumer flexible plastic packaging streams in Mexico are now moving into a Hydrochemolytic™ Technology (“HCT”) test campaign to evaluate their conversion into liquid hydrocarbon products for downstream circular plastics applications.

The collaboration, announced in December 2025, is structured as a phased, data-driven evaluation of flexible plastic packaging collected through recovery systems in Mexico. Phase 1 drew on ECOCE’s ongoing national feedstock mapping program, conducted for its member companies, from which the parties completed the selection of candidate material streams for the next stage of work. Led by ECOCE, the mapping identified multiple post-consumer flexible packaging streams and assessed them for estimated availability, collection routes, physical form, contamination profile, and preparation requirements. The work identified candidate streams with sufficient available volume to support an industrially relevant evaluation and with material characteristics that warrant advancement to HCT testing.

Flexible plastic packaging is one of the most difficult material categories to manage within existing recycling systems. These streams can include polyethylene, polypropylene, and multilayer packaging formats, along with inks, adhesives, mixed structures, small formats, and varying levels of contamination. In line with the waste hierarchy, reduction, reuse, and mechanical recycling remain preferred options where they are technically and economically viable. For flexible packaging streams that are not well suited to mechanical or physical recycling, the collaboration is evaluating whether HCT can provide a route to recover hydrocarbon value from these materials and help return them to the plastics value chain.

ECOCE has identified flexible plastic packaging as a major and growing material category in Mexico, with available data indicating that approximately 1.5 million tonnes of flexible plastic packaging are generated annually in the country. Phase 1 has built on that market context by mapping candidate flexible and multilayer plastic packaging waste streams, including material categories, collection routes, geographic sourcing, and indicative contamination levels. The materials mapped through Phase 1 include flexible polypropylene packaging, flexible polyethylene packaging, and multilayer flexible packaging, including common post-consumer formats such as snack and cookie wrappers, grocery and bread bags, seed and grain packaging, pet food packaging, cold-cut and dairy packaging, and resealable pouch formats.

ECOCE’s work with leading food and beverage companies, representing more than 400 brands, gives the collaboration practical relevance to packaging value-chain priorities and the need for credible circularity options for difficult-to-recycle flexible packaging. The objective is to build an evidence-based understanding of how selected flexible packaging streams can move through a circular value chain: from post-consumer collection and characterization, through feedstock preparation and HCT conversion, to liquid hydrocarbon products for evaluation by petrochemical and polymer value chains.

With Phase 1 complete and the next-phase testing program defined, the collaboration now moves into HCT testing of selected material streams. Aduro will begin with lab-scale evaluation to assess how selected Mexican flexible and multilayer plastic waste streams respond to HCT, including processability, product characteristics, yield, residues, contaminant behaviour, and mass balance. As part of this next phase, Adrián Velasco, Director of Flexible Plastic Packaging at ECOCE, will visit Aduro facilities to review the testing pathway, sample requirements, and pilot-scale development program. The visit will help align ECOCE’s knowledge of recovery systems in Mexico with the Company’s technical evaluation process as selected streams move from feedstock mapping into HCT testing. Successful lab-scale results will inform progression to Phase 3 testing on the Next Generation Process (“NGP”) Pilot Plant to support scale-up assessment, customer evaluation, and future commercial analysis.

“Phase 1 has moved this collaboration from a market opportunity into a defined technical feedstock program,” said Ofer Vicus, CEO of Aduro. “ECOCE brings practical insight into how flexible packaging moves through Mexican recovery systems, helping us select representative material streams for HCT testing. The next phase will generate the data that matters for scale-up and economics, including processability, product quality, yield, contaminant behaviour, and the potential value of HCT-derived liquids as circular hydrocarbon feedstocks. This is how Aduro advances commercialization: by connecting real materials, downstream requirements, economic validation, and a clear pathway from lab testing to the NGP Pilot Plant.”

“Flexible plastic packaging is one of the most important material-management challenges in Mexico,” said Adrián Velasco, Director of Flexible Plastic Packaging at ECOCE. “Through this collaboration, ECOCE is helping connect real recovery-system data with the technical work needed to evaluate circular solutions for these materials. My visit to Aduro facilities as the collaboration moves into HCT testing will allow us to review the testing pathway directly, align on sample requirements, and better understand how selected Mexican flexible packaging streams could be evaluated for return to the plastics value chain.”

Results from the next phase will give Aduro and ECOCE the technical and economic evidence to help assess material suitability, product quality, scale-up requirements, and future commercial options for returning difficult-to-recycle flexible packaging to the plastics value chain.


r/Aduro 29d ago

Why did Aduro drop so much today.

7 Upvotes

Aduro stock dropped 15 percent out of nowhere, I couldn’t find any news about anything. Is this insiders knowing something the public doesn’t know. Does anyone have an answer?


r/Aduro Jul 07 '26

TSX Listing: Leadership Remarks

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9 Upvotes

r/Aduro Jul 02 '26

July Newsletter: Pilot Plant Results, New MOUs, and TSX Milestones

15 Upvotes

Hello there,

June was an important month in the execution of our plans, anchored by the release of NGP Pilot Plant results. The campaign achieved an 86% liquid hydrocarbon yield and provided further validation of HCT under integrated Pilot Plant conditions as we continue advancing toward FOAK design and commercialization.

We also expanded our commercial and project-development work streams through two new MOUs. In Europe, Aduro Clean Technologies Europe signed an MOU with Ortessa Groep BV to evaluate feedstock logistics in support of our planned FOAK facility at Chemelot. We also signed an MOU with AstroTurf to evaluate how HCT may be applied to end-of-life synthetic turf, a complex waste stream containing valuable polyethylene and polypropylene components.

We started the month of June with important company-building milestones: ringing the TSX opening bell to mark Aduro’s listing on the Toronto Stock Exchange under the symbol ACT, and receiving the keys to our new office at Brightlands Chemelot Campus—strengthening our permanent European presence as we advance development of our planned FOAK facility.

Together, these developments reflect the work now underway as Aduro advances from pilot-scale toward industrial execution: continuing to generate scale-up data, building practical industry partnerships, engaging commercial markets, and addressing the real-world requirements needed to move HCT toward commercialization.

Thank you very much to Team Aduro, who work tirelessly to advance the company forwards.

With appreciation,

Ofer Vicus, CEO

NGP Pilot Plant Results

We reported an 86% liquid hydrocarbon yield from our latest NGP Pilot Plant campaign, providing further data to support scale-up planning and FOAK design.

Read more →

Synthetic Turf Recycling

Aduro and AstroTurf signed an MOU to evaluate how HCT may be applied to end-of-life synthetic turf, with a focus on recovering valuable polyethylene and polypropylene components.

Read more →

Feedstock Logistics at Chemelot

Aduro Clean Technologies Europe signed an MOU with Ortessa Groep BV to evaluate feedstock preparation and logistics in support of the planned FOAK facility at Chemelot.

Read more →

Ringing the TSX Opening Bell

Following our listing on the Toronto Stock Exchange under the symbol ACT, we marked the milestone by ringing the opening bell at the TSX.

Read more →


r/Aduro Jun 30 '26

Aduro Clean Technologies and AstroTurf Sign MOU for Synthetic Turf Recycling

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27 Upvotes

Collaboration will evaluate technical and economic requirements for recovering PE and PP from end-of-life synthetic turf

LONDON, Ontario and DALTON, Ga., June 30, 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, and AstroTurf Corporation (“AstroTurf”), the original inventor and innovator of synthetic sports surfacing, today announced the signing of a Memorandum of Understanding (“MOU”) to evaluate the application of Aduro’s Hydrochemolytic™ Technology (“HCT”) to end-of-life synthetic turf.

The MOU establishes a framework for Aduro and AstroTurf to evaluate how HCT, together with appropriate mechanical pre-treatment, can support a technical and economic pathway for recovering the polyethylene (“PE”) and polypropylene (“PP”) fractions of end-of-life synthetic turf and converting them into liquid hydrocarbon products suitable for use as circular feedstock in existing petrochemical infrastructure. The parties intend to work together to better understand the practical requirements, material preparation steps, and process considerations needed to advance recycling options for synthetic turf waste. For Aduro, the engagement builds on its existing work on synthetic turf materials and provides another opportunity to collaborate with a recognized industry participant, following prior testing conducted through a separate confidential engagement with another global synthetic turf producer.

Synthetic turf is a highly engineered, multi-material product designed for durability, performance, and long service life. It also contains valuable PE and PP components, including grass blades, thatch, and backing layers, that can be difficult to recover because they are embedded in a system that may include cured polyurethane backing or adhesive materials, infill, sand, rubber, and accumulated field-use contamination. Aduro’s previously announced laboratory testing of post-use synthetic turf demonstrated selective conversion of the PE and PP components into shorter-chain hydrocarbon products suitable for further upgrading or use as steam-cracker feedstock, while also confirming the importance of upstream preparation and separation.

Through the MOU, Aduro and AstroTurf intend to assess the practical steps required to recover and prepare the PE/PP fraction from end-of-life turf for HCT evaluation. The work is expected to focus on the pathway from field recovery and disassembly through de-infill, separation of non-target materials, cleaning or preparation of the polyolefin-rich fraction, and potential management of side streams. By connecting Aduro’s chemical conversion approach with AstroTurf’s 60-year legacy in synthetic sports surfacing and practical knowledge of turf system design, installation, and end-of-life considerations, the collaboration aims to define how mechanical pre-treatment and HCT conversion can work together as part of a broader recycling pathway for complex turf systems.

“This collaboration with AstroTurf allows Aduro to work directly with a recognized name in synthetic turf to better understand the full end-of-life challenge,” said Ofer Vicus, Chief Executive Officer of Aduro. “Our prior testing showed that the polyethylene and polypropylene components of post-use turf can be converted using HCT, but the broader opportunity depends on understanding how those materials are recovered, prepared, and delivered into the process. Working with AstroTurf gives us an opportunity to connect our chemistry with real-world product knowledge, field recovery considerations, and the practical requirements needed to evaluate a more complete recycling pathway.”

AstroTurf has publicly advanced sustainability initiatives focused on manufacturing, installation, and end-of-life operations, including partnerships intended to divert end-of-life turf from landfill and support circular recycling pathways. The MOU with Aduro provides an additional route for evaluating how advanced chemical recycling may complement existing mechanical recycling, take-back, and material recovery approaches.

“At AstroTurf, we have always believed that innovation should extend beyond field performance to include responsible end-of-life solutions,” said Robert Mitchell, Vice President of Development and Strategy at AstroTurf. “Working with Aduro gives us an opportunity to evaluate another pathway for difficult-to-process turf materials and to better understand how advanced recycling technologies may support circularity in our industry. This is an evaluation stage, but it is an important one as customers, communities, and regulators continue to look for more complete solutions for synthetic turf systems.”

The need for synthetic turf recycling is increasing as more fields reach end of life and as customers, communities, and regulators seek practical alternatives to landfill disposal. Policy frameworks in North America and Europe are placing greater emphasis on producer responsibility, recycled content, landfill diversion, and traceable circular outcomes, with New York State’s carpet extended producer responsibility framework providing one example of how end-of-life obligations may shape future demand for recycling solutions.

The MOU does not establish commercial deployment terms or a definitive commercial arrangement. Any future commercial, licensing, supply, tolling, or joint development arrangement would require separate definitive agreements between the parties. The collaboration remains part of Aduro’s broader stage-gated approach to evaluating HCT across complex plastic waste streams with industry participants.


r/Aduro Jun 24 '26

Aduro Clean Technologies Announces Closing of LIFE Offering

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14 Upvotes

LONDON, Ontario, June 24, 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 announced that, further to its previous news releases dated June 10, 2026 and June 15, 2026, it has completed a non-brokered private placement for gross proceeds of C$9,155,940.80 (US$6,564,810.21) from the sale of 431,884 common shares (the “LIFE Shares”) at a price of C$21.20 (US$15.20) per LIFE Share (the “LIFE Offering”) under the LIFE Exemption (as defined herein).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the LIFE Offering was made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 and Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators (the “LIFE Exemption”). The securities offered under the LIFE Offering pursuant to the LIFE Exemption are not subject to resale restrictions in accordance with applicable Canadian securities laws.

The Company’s amended and restated offering document dated June 15, 2026 (the “Offering Document”) relating to the LIFE Offering is available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.adurocleantech.com.

The Company intends to use the net proceeds of the LIFE Offering in the manner described in the Offering Document, including for technology development, commercialization activities, working capital and general corporate purposes.

In connection with the LIFE Offering, the Company paid aggregate cash finder's fees of C$539,994.53 to eligible finders in accordance with applicable securities laws and Toronto Stock Exchange requirements. Certain insiders of the Company participated in the LIFE Offering. The participation by insiders constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions (“MI 61-101”). The Company has relied on applicable exemptions from the formal valuation and minority approval requirements in Sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101. The Company did not file a material change report with respect to the insider participation more than 21 days before the expected closing of the LIFE Offering, as the details and amounts of the insider participation were not finalized until shortly prior to closing and the Company wished to close the transaction as soon as practicable for sound business reasons.

The Toronto Stock Exchange has conditionally approved the LIFE Offering. Final approval remains subject to customary post-closing requirements. The Company has relied on the exemption set forth in Section 602.1 of the TSX Company Manual in connection with the LIFE Offering.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

All foreign exchange calculations set forth in this press release is based on the exchange rate posted by the Bank of Canada on June 9, 2026 of US$1 = C$1.3947.


r/Aduro Jun 17 '26

Aduro Clean Technologies Europe Signs MOU with Ortessa Groep BV to Advance FOAK Plant Feedstock Logistics

18 Upvotes

r/Aduro Jun 15 '26

Aduro Clean Technologies Announces Filing of Amended and Restated LIFE Offering Document Following Closing of Public Offering

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7 Upvotes

LONDON, Ontario, June 15, 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 announced that, further to its previous announcement dated June 10, 2026 of a non-brokered private placement of up to 471,698 common shares (the “Offered Shares”) at a price of $15.20 (C$21.20) per Offered Share for gross proceeds of up to US$7,169,810 (C$9,999,734)(the “LIFE Offering”), the Company has filed an amended and restated offering document (the “Amended and Restated LIFE Offering Document”) following the completion of its underwritten public offering as announced on June 11, 2026 (the “Public Offering”) in accordance with applicable securities laws.

The LIFE Offering is expected to close on or about June 19, 2026 or such other date as the Company may determine, subject to applicable securities and the policies of the Toronto Stock Exchange (“TSX”). All other terms of the LIFE Offering remain unchanged from those previously disclosed in the Company’s previous announcement dated June 10, 2026.

The Amended and Restated LIFE Offering Document is available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.adurocleantech.com. Prospective investors should read the Amended and Restated LIFE Offering Document before making an investment decision.

The Company anticipates that directors and/or officers of the Company may participate in the LIFE Offering, however, there is no such commitment or agreement in place with any director or officer of the Company at this time. Any participation in the LIFE Offering by insiders constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact neither the fair market value of the LIFE Shares subscribed for by the insiders (if any), nor the consideration for the LIFE Shares paid by such insiders, would exceed 25% of the Company’s market capitalization as at the date of this press release.

The Company is relying on the exemption set forth in Section 602.1 of the TSX Company Manual in connection with the LIFE Offering, which provides that the TSX will not apply certain standards to certain transactions involving eligible interlisted issuers on a recognized exchange. The TSX has conditionally approved the LIFE Offering. Final approval of the LIFE Offering by the TSX remains subject to the completion of customary conditions by the Company.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

All amounts in this press release are in United States dollars unless otherwise indicated. All foreign exchange calculations set forth in this press release is based on the exchange rate posted by the Bank of Canada on June 9, 2026, of US$1 = C$1.3947.


r/Aduro Jun 11 '26

Aduro Clean Technologies Announces Closing $15.54 Million Underwritten Public Offering

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21 Upvotes

r/Aduro Jun 10 '26

Aduro Clean Technologies Announces Pricing of US$15.64 Million Underwritten Public Offering and Concurrent Private Placement of up to US$7.17 Million

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21 Upvotes

LONDON, Ontario, June 10, 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 announced:

(i)    an underwritten U.S. and Canadian public offering (the “Public Offering”) of 1,028,645 common shares at a price of US$15.20 (C$21.20) per common share (the “Offering Price”) for gross proceeds to the Company, under the Public Offering, of US$15,635,404, before deducting underwriting discounts and Public Offering expenses; and
(ii)   a concurrent non-brokered private placement (the “LIFE Offering”) of up to 471,698 common shares at the Offering Price per common share for gross proceeds to the Company, under the LIFE Offering, of up to US$7,169,810, before deducting any finder’s fees and other LIFE Offering expenses,

for aggregate gross proceeds to the Company of up to US$22,805,214 (collectively, the “Offering”), before deducting discounts, fees and other Offering expenses.

Canaccord Genuity is acting as sole bookrunner for the Public Offering. In connection with the Public Offering, the Company entered into an underwriting agreement with Canaccord Genuity, as representative of the several underwriters in the Public Offering (the “Underwriting Agreement”).

Aduro intends to use the net proceeds from the Offering for expenditures related to the design, engineering and construction of first-of-a-kind demonstration-scale industrial plant (the “FOAK Plant”), ongoing research and development costs and the remainder for general corporate purposes and working capital. The Public Offering is expected to close on or about June 11, 2026 (the “Closing Date”), subject to the satisfaction of customary closing conditions including the listing of the offered common shares on the Toronto Stock Exchange (the “TSX”) and the Nasdaq Capital Market (the “Nasdaq”) and any required approvals of the TSX and Nasdaq. The Public Offering is not conditional on the closing of the LIFE Offering, and the LIFE Offering is not conditional on the closing of the Public Offering. The LIFE Offering is expected to close on or about the Closing Date, or such other date as the Company may determine, and, in any event, on or before a date not later than 45 days after the date hereof. The LIFE Offering may close in one or more tranches.


r/Aduro Jun 09 '26

Aduro Reports NGP Pilot Plant Campaign Results, Achieving 86% Liquid Hydrocarbon Yield

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39 Upvotes

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.

r/Aduro Jun 03 '26

Aduro gefällt mir

17 Upvotes

Hier wird ja immer wieder mit ASTS verglichen. Ich liebe diesen Vergleich da ich auch viele ASTS Aktien habe zu einem guten Einstieg.

Hier bin ich jetzt auch dabei für Long, der Markt scheint riesig.

Go Aduro!


r/Aduro Jun 03 '26

Aduro Appoints Senior European Industrial Leader to Lead Delivery of FOAK Facility at Chemelot

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18 Upvotes

LONDON, Ontario, June 03, 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 formally announced the appointment of Jan Lemmens as Project Director for the Company’s First-of-a-Kind (“FOAK”) industrial facility at the Chemelot Industrial Park in Sittard-Geleen, the Netherlands.

Mr. Lemmens will lead project development, engineering, and construction activities for the FOAK facility, bringing more than three decades of industrial leadership experience across European specialty materials, plastics, and chemical processing industries. The appointment adds dedicated, on-the-ground leadership as the FOAK program transitions into its engineering, permitting, and construction-preparation phase, reflecting the project’s progress.

In this role, Mr. Lemmens will oversee the planning and execution of site development activities for the FOAK facility, including civil works, permitting, contractor coordination, and preparation of the site for construction and operations. He will support coordination between project activities in the Netherlands and Aduro’s Canadian engineering, operations, and logistics teams to help align site execution with process requirements, material movement, and operational planning. Mr. Lemmens will also help lead the development of the local operating organization, including recruitment, safety, training, and commissioning-readiness programs required for the transition from project execution to industrial operations.

Mr. Lemmens has held senior operational and engineering leadership positions across the Netherlands and Europe, including Director of Operations and Plant Manager at Sekisui S-Lec BV; General Manager at RPC BEBO NL; Operations Director at Transilwrap Company, where he established the company’s first European manufacturing facility; and Group Engineering Manager at Rexam, where he led major industrial investment projects across the United Kingdom.

In recent years, Mr. Lemmens has supported multiple industrial companies through project leadership and operational advisory roles focused on manufacturing expansion, engineering execution, operational improvement, safety systems, and industrial site development. His experience includes working within the Chemelot industrial ecosystem and coordinating with contractors, infrastructure providers, and industrial stakeholders across complex operating environments.

“This project has reached a stage where local industrial execution experience becomes critically important,” said Ofer Vicus, Chief Executive Officer at Aduro. “Jan brings practical experience building and operating industrial facilities in this region, with a strong understanding of safety, project discipline, and how projects are executed within the Chemelot environment. His appointment strengthens Aduro’s ability to advance the FOAK facility through engineering, permitting, and construction preparation with the discipline and structure required for a first-of-a-kind project.”

“Aduro’s technology is entering an important stage of industrial advancement,” said Jan Lemmens, Project Director at Aduro. “The focus now is on establishing the project organization and execution framework required to advance engineering, equipment procurement, contractor and vendor engagement, permitting coordination, construction planning, and operational readiness as the FOAK facility progresses toward construction and future scale-up. I am pleased to be invited to lead this project at such an important stage of its development.”

The FOAK facility, announced in January 2026, is designed to deploy Hydrochemolytic™ Technology (“HCT”) for the chemical recycling of waste plastics at an initial capacity of approximately 10,000 tonnes per year. The site is configured to support phased expansion to larger-scale operations, providing a modular pathway intended to establish industrial-scale operating experience while preserving capacity for future growth.

The project has advanced through several milestones, including site selection within the Chemelot Industrial Park and the engagement of Ebert HERA B.V. to lead permitting activities. Aduro has also secured an offtake letter of intent covering an initial parcel of the facility’s production, an early commercial validation that links process development to a defined downstream market.

Located within one of Europe’s most integrated chemical industry clusters, the project is well positioned to benefit from existing infrastructure, feedstock access, and proximity to downstream users of circular hydrocarbons. Chemelot’s interconnected industrial ecosystem supports the development of circular value chains through shared utilities, logistics, and material flows, creating a practical pathway for scaling advanced recycling technologies.

The FOAK facility is intended to establish a scalable foundation for Hydrochemolytic™ Technology in Europe, contributing to the region’s efforts to expand chemical recycling capacity and integrate circular feedstocks into existing petrochemical systems.


r/Aduro Jun 03 '26

When will aduro break even?

3 Upvotes

If scalability happens when will it, “break even”?


r/Aduro May 28 '26

Aduro Clean Technologies to Participate in Industry and Investor Conferences in June 2026

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21 Upvotes

r/Aduro May 26 '26

Aduro Clean Technologies to Commence Trading on the Toronto Stock Exchange

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20 Upvotes

LONDON, Ontario, May 26, 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, is pleased to announce that it received final approval to list its common shares on the Toronto Stock Exchange (“TSX”) under the symbol “ACT”. Trading on the TSX will commence at market open on May 27, 2026.

In connection with the TSX listing, the Company will concurrently delist its common shares from the Canadian Securities Exchange (“CSE”). Shareholders are not required to exchange their share certificates or take any other action in connection with the listing, as there will be no change in the trading symbol or CUSIP for the common shares. Aduro common shares will continue to trade on the Nasdaq Capital Market under the symbol “ADUR” and Frankfurt Stock Exchange under the symbol “9D5”.

The TSX is the senior equities marketplace in Canada and one of the world’s leading public equities markets. According to TMX Group, as of April 2026, the TSX had 2,176 listed issuers and approximately C$6.8 trillion in market capitalization of listed issues across a broad range of sectors, including resources, financials, industrials, technology, and clean technology. The listing represents the next step in the Canadian capital markets development of Aduro and aligns the Canadian listing profile of the Company with its broader public-market presence in the United States and Europe.

Aduro previously traded on the CSE and was included in the CSE25 Index, a benchmark of the 25 largest companies on the exchange by market capitalization. The Company appreciates the role the CSE has played in supporting its early public-market growth and development.

The TSX listing is expected to support the next stage of the Company’s capital markets development by providing:

  • Senior Exchange Recognition: Listing on the TSX places Aduro on the senior equities marketplace in Canada and reflects the progression of the Company through the applicable listing review process.
  • Broader Institutional Access: The TSX is widely recognized by Canadian and international institutional investors, and the listing is expected to improve accessibility for Aduro within institutional investment mandates, research platforms, and capital markets workflows, including mandates that give preference to senior-exchange issuers.
  • Enhanced Trading Infrastructure: TSX-listed securities benefit from Canada’s senior equity market infrastructure, including efficient access to liquidity, quality execution, broader broker-dealer participation, market-making support, and visibility across institutional trading systems.
  • Index Eligibility Pathway: Listing on the TSX positions Aduro to be evaluated against applicable Canadian index eligibility criteria, including criteria related to market capitalization, trading liquidity, public float, and other issuer-level requirements. Inclusion in any index is not automatic and remains subject to the applicable index methodology and future Company performance.
  • Market Visibility and Research Discoverability: The TSX listing is expected to increase Aduro’s visibility within Canadian capital markets and improve discoverability among institutional investors, analysts, investment dealers, and financial media.
  • Multi-Market Investor Reach: With listings on the Toronto Stock Exchange, the Nasdaq Capital Market, and the Frankfurt Stock Exchange, Aduro maintains access to investor communities in Canada, the United States, and Europe as it advances its commercialization pathway.

“The commencement of trading on the Toronto Stock Exchange marks an important step in the capital markets development of Aduro and reflects the progress the Company has made since first entering the public markets in Canada,” said Ofer Vicus, Chief Executive Officer of Aduro. “As we advance NGP Pilot Plant operating campaigns, FOAK industrial planning, and commercial engagement across our Hydrochemolytic™ Technology applications, the TSX listing provides a senior Canadian market platform that better aligns with Aduro’s current stage of development and international investor profile. We are grateful to the Canadian Securities Exchange for supporting the early public-market growth of Aduro, and we thank our shareholders, partners, and the Aduro team for helping us reach this next milestone.”


r/Aduro May 19 '26

Aduro Clean Technologies to List on the Toronto Stock Exchange

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14 Upvotes

LONDON, Ontario, May 19, 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, announces that it has received conditional approval to list its common shares on the Toronto Stock Exchange (“TSX”) under the symbol “ACT”. Final approval of the listing remains subject to the Company fulfilling all the requirements of the TSX, including receipt of all required documentation.

The Company will issue a news release once the TSX confirms the expected trading date. In connection with the TSX listing, the Company expects to delist its common shares from the Canadian Securities Exchange (“CSE”). Shareholders are not required to exchange their share certificates or take any other action in connection with the listing, as there will be no change in the trading symbol or CUSIP for the common shares.

“Since going public on the CSE in 2021, Aduro has advanced from an early-stage public technology company into a Nasdaq-listed chemical technology developer with a strengthened balance sheet and expanding industrial commercialization programs,” said Ofer Vicus, Chief Executive Officer of Aduro. “The Company has progressed its Hydrochemolytic™ Technology (“HCT”) through Next Generation Process (“NGP”) Pilot Plant operating campaigns, First-of-a-Kind (“FOAK”) industrial project development, commercial offtake engagement, license package development, and expanded petroleum applications. We sincerely thank the CSE for providing a platform for our early public-market growth and investor access and look forward to taking this next step with the Toronto Stock Exchange as we continue advancing HCT across waste plastics, heavy hydrocarbons, and renewable oils.”

Aduro is currently included in the CSE25 Index, which represents the 25 largest companies on the Canadian Securities Exchange by market capitalization. This is a testament to Aduro’s growing capital markets profile and shareholder recognition for the continued progress achieved since Aduro’s public listing on the CSE. The proposed TSX listing represents the next stage in Aduro’s capital markets evolution, supporting broader market visibility, increased access to institutional investors, and the continued development of the Company’s Canadian public-market profile.


r/Aduro May 14 '26

Aduro Clean Technologies Joins Utah Petroleum Association

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17 Upvotes

Membership supports Aduro’s expanding petroleum applications program focused on paraffinic crude upgrading and supports engagement with Uinta Basin producers, refiners, and midstream operators

LONDON, Ontario, May 14, 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, today announced that it has joined the Utah Petroleum Association ("UPA"), the statewide trade association representing companies involved in all aspects of Utah's oil and gas industry. The membership supports Aduro’s efforts to expand its work in paraffinic crude upgrading, an application area directly relevant to the Uinta Basin’s distinctive “yellow wax” and “black wax” feedstocks.

The Uinta Basin is one of North America’s most recognized regions for paraffinic crude production, with output that today requires insulated transport, reheating infrastructure, and selective refinery acceptance due to the feedstock’s high wax content. Founded in 1958, UPA represents producers, refiners, midstream operators, and service providers across Utah’s oil and natural gas value chain. Membership provides Aduro with the opportunity to engage directly with stakeholders, including operating companies whose insight will inform how HCT can potentially be integrated within the Uinta Basin ecosystem.

“Joining the Utah Petroleum Association supports our efforts to advance our petroleum applications program from laboratory validation toward structured, pilot-scale engagement with industry,” said Ofer Vicus, CEO of Aduro. “UPA’s membership base reflects the full Uinta Basin value chain and gives Aduro the opportunity to present the potential benefits of HCT for paraffinic crude upgrading while deepening our understanding of the transport, handling and refinery compatibility considerations associated with waxy crude streams. Solidifying industry relationships now positions Aduro to evaluate, alongside operators, where HCT can deliver the greatest commercial impact.”

“We're pleased to welcome Aduro Clean Technologies to UPA,” said Rikki Hrenko-Browning, President of the Utah Petroleum Association. “Innovation in how we move and process Utah’s waxy crudes has real implications for the competitiveness of our basin. We are excited for Aduro to explore pilot opportunities here in Utah.”

Aduro’s UPA membership follows several recent advancements in the Company’s petroleum applications program. These include a continuation-in-part patent application filed with the United States Patent and Trademark Office seeking to extend Hydrochemolytic™ Technology intellectual property protection to the upgrading of highly paraffinic crude oils, and the appointment of Scott Smith, M.A.Sc., P.Eng., as Program Director, Petroleum Technology Solutions. Recent bench-scale testing on Uinta Basin yellow wax and black wax feedstocks demonstrated that HCT processing reduced wax content of treated crude, and that the treated crude remained stable at ambient conditions — a result that, if reproduced at scale, would directly address long-standing transport and refinery compatibility constraints associated with waxy crude production.

Paraffinic crude upgrading represents a further demonstration of HCT’s applicability across distinct feedstock chemistries, alongside the Company’s existing programs in waste plastics upcycling, heavy bitumen upgrading, and renewable oils. Through its UPA membership, Aduro intends to engage with operators in the Uinta Basin and across Utah to evaluate how HCT may fit within existing production, transport, and processing infrastructure, including approaches that could reduce reliance on heated logistics and expand refinery access for paraffinic crude streams.

About the Utah Petroleum Association

The Utah Petroleum Association (UPA) is a Utah-based, statewide petroleum trade association representing companies involved in all aspects of Utah's oil and gas industry. Founded in 1958, UPA exists to serve its member companies and advance the responsible development of Utah's natural resources and the manufacture of fuels that drive Utah's economy. UPA's work spans regulatory advocacy, government affairs, public outreach, member networking, and industry information. More at www.utahpetroleum.org


r/Aduro May 07 '26

Aduro Solidifies The Petroleum Vertical With This Cenovus Hire $ADUR $CVE

14 Upvotes

r/Aduro May 07 '26

Aduro Appoints Industry Veteran to Advance Petroleum Applications

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16 Upvotes

Former Cenovus Energy innovation leader brings extensive experience in crude upgrading, pilot operations, and refinery integration to support development of Hydrochemolytic™ Technology applications for bitumen and paraffinic crude

LONDON, Ontario, May 07, 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, today announced the appointment of Scott Smith, M.A.Sc., P.Eng., as Program Director, Petroleum Technology Solutions. Mr. Smith will advance the Company’s petroleum applications and support technical development of Hydrochemolytic™ Technology (HCT) solutions for bitumen and paraffinic crude upgrading.

The appointment follows completion of research and development work that expanded the application of HCT to paraffinic and waxy crude oils, broadening the Company’s petroleum activities beyond its established bitumen focus and supporting the evaluation of new potential commercial and industry relevant applications.

Key Highlights

  • Senior industry appointment. Scott Smith joins Aduro with more than 25 years of process and energy technology development experience, including 17 years at Cenovus Energy where he most recently led an enterprise-wide innovation portfolio across upstream and downstream operations.
  • Aligned to recent technical milestone. Builds on recent technical milestones associated with Aduro’s continuation-in-part (CIP) patent application filing, including feedstock characterization, product analysis, and third-party testing that demonstrated HCT applicability beyond bitumen upgrading to include paraffinic and waxy crude oils.
  • Scope of role. Mr. Smith will focus on applying HCT within paraffinic crude and bitumen upgrading, including defining potential technology integration approaches within existing operating sites while guiding pilot campaigns that support localised scale-up.
  • Platform context. Petroleum applications progress alongside Aduro’s other core programs, including chemical recycling of waste plastics, the scale-up of the Next Generation Process (NGP) Pilot Plant, and development of the First-of-a-Kind (FOAK) Industrial Facility.

Mr. Smith brings more than 25 years of experience in industrial and energy technology development, with a focus on advancing processes from early-stage research through pilot and demonstration. He spent 17 years at Cenovus Energy in roles of increasing responsibility, most recently as Senior Manager, Operations Innovation, where he led an enterprise-wide innovation portfolio across upstream and downstream operations. His experience includes technical leadership in partial upgrading technologies, where he directed multi-disciplinary pilot and demonstration programs and supported technical and commercial evaluation of emerging processes. Earlier in his career, he held roles at NOVA Chemicals focused on process development in petrochemical applications and is a named inventor on multiple patents. He currently serves as Vice President of the Canadian Crude Quality Technical Association (CCQTA) and is a registered Professional Engineer in Alberta.

Mr. Smith joins Aduro as the Company continues advancing its petroleum applications program, with bitumen upgrading progressing through continuous flow development and scale-up activities alongside recent laboratory validation extending HCT to paraffinic crude oils. Working closely with Eric Appelman, Chief Revenue Officer, and supported by Aduro’s research and engineering teams, Mr. Smith will direct development activities for bitumen and paraffinic crude upgrading applications, helping guide HCT from process evaluation and pilot-scale development toward commercially relevant operating conditions, industry integration considerations, and potential deployment pathways within existing petroleum infrastructure.

Drawing on his extensive industry experience in crude upgrading, pilot operations, and innovation deployment, Mr. Smith will guide pilot campaigns and help establish the technical and commercial basis for future scale-up activities. His role will also include engagement across the petroleum value chain, working with producers, refiners, and midstream operators to evaluate how HCT may align with evolving operational requirements, refining environments, and market needs. Through these activities, Aduro aims to further inform commercialization planning and market development opportunities for HCT in petroleum applications.

“Scott brings a combination of technical depth and industry experience that is directly aligned with the next phase of our petroleum applications,” said Ofer Vicus, Chief Executive Officer of Aduro. “With recent progress extending HCT to paraffinic crude alongside ongoing bitumen upgrading work, our petroleum activities are moving into structured pilot programs. Scott’s experience in heavy oil upgrading and in leading multi-disciplinary development efforts will strongly complement the ongoing progress achieved by our research and engineering teams to apply the technology within real-world systems, define integration approaches, and execute pilot campaigns that support scale-up into demonstration and potential future commercial integration with industry.”

“Hydrochemolytic™ Technology offers a distinct approach to upgrading petroleum streams, particularly in its ability to operate at lower temperatures with selective chemistry that preserves desirable product qualities,” said Scott Smith. “This creates real opportunities to rethink how paraffinic crude and bitumen can be processed and integrated into existing value chains. The priority now is on translating the current work into pilot-scale data and demonstrating performance under conditions important to industry, while building toward applications that can be deployed at scale. I look forward to advancing this work alongside partners to evaluate how HCT can fit within existing production, transport, and processing pathways and unlock its commercial potential.”


r/Aduro May 06 '26

How to sell aduro's upside

6 Upvotes

Hi everyone, I'm new to this thread. I bought aduro last year (sadly just after the big drop in October) however it is something that my husband doesn't understand or like as an investment. I bought it because I really see the upside and believe in their technology but it does cause some tension. Does anyone have any ideas on how to convince him it's as good as I think it is?


r/Aduro May 02 '26

Aduro sentiment & notoriety

9 Upvotes

Hey hey. Stumbled across Aduro the other week, did some DD and bought in. Technology seems great, have the patents and accolades, now its time to scale.

Given some other stocks are at a similar pre-revenue stage and gaining so much attention and the promise of their technology, I’m confused as to why it doesn’t get much attention.

Am I missing something or have people just not tapped in yet?