Aduro Clean Technologies Inc. (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company leveraging chemistry to convert low-value feedstocks such as waste plastics, heavy bitumen, and renewable oils into valuable resources, has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX) under the ticker symbol "ACT." The final approval remains contingent upon the company fulfilling all TSX requirements, including the submission of necessary documentation.
The company will issue a press release once the TSX confirms the expected trading date. In conjunction with the TSX listing, Aduro intends to delist its common shares from the Canadian Securities Exchange (CSE). Shareholders are not required to exchange their certificates or take any action, as the trading symbol and CUSIP will remain unchanged.
Management Commentary
"Since going public on the CSE in 2021, Aduro has evolved 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 advanced its Hydrochemolytic Technology (HCT) through Next Generation Process Pilot Plant campaigns, First-of-a-Kind 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 this next step with the Toronto Stock Exchange as we continue advancing HCT across waste plastics, heavy hydrocarbons, and renewable oils."
Capital Markets Evolution
Aduro is currently included in the CSE25 Index, which comprises the 25 largest companies on the Canadian Securities Exchange by market capitalization. This recognition underscores Aduro's growing capital markets profile and shareholder appreciation for the progress made since its CSE listing. The proposed TSX listing represents the next phase in Aduro's capital markets evolution, offering broader market visibility, enhanced access to institutional investors, and continued development of its Canadian public-market presence.
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented water-based technologies 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. The company's Hydrochemolytic Technology uses water as a key agent in a chemistry platform that operates at relatively low temperatures and costs, offering a transformative approach to converting low-value feedstocks into 21st-century resources.
