Aduro Clean Technologies Reports First Quarter Fiscal Year 2027 Results and Provides Business Update

LONDON, Ontario, Oct. 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 21 st century, has filed its interim condensed consolidated financial results for the three months ended August 31, 2026, and is pleased to provide the following highlights. Unless otherwise indicated, all financial information in this press release is reported in Canadian dollars.

“During the first quarter of fiscal 2027, Aduro continued to advance and build on its progress at both the NGP Pilot Plant and across other areas, including engineering, feedstock, and commercial activities necessary for industrial deployment,” said Ofer Vicus, Chief Executive Officer of Aduro. “Successive operating campaigns are producing practical knowledge around process control, feedstock response and product performance. This information is now flowing directly into the Early Works program with Saipem for the planned FOAK Plant at Chemelot. During the quarter, we also strengthened the project-delivery framework in Europe, advanced feedstock logistics planning and expanded development programs with industry participants across waste plastics and petroleum applications.”

A welcome email is on its way. If you don't see it, please check your junk folder.

“Following quarter-end, we extended the NGP operating program through a 75-hour campaign across changing polypropylene and polyethylene compositions, generating additional data on yield, process response and product consistency. At the same time, our engagement with Chemical Recycling Europe, PepsiCo and participants at IRPC is helping connect technology development with the requirements of the industries and value chains we intend to serve. Our approach remains disciplined: focus on execution, generate the necessary operating data and use those results to guide engineering decisions, and advance commercial pathways.”

“During the quarter, we further strengthened the Company’s capital resources through the completion of a U.S. public offering and a concurrent non-brokered private placement in Canada,” said Mena Beshay, Chief Financial Officer of Aduro. “These financings provide additional resources to advance defined priorities across NGP operations, FOAK engineering and development, research and development, and broader commercialization activities. We remain focused on disciplined deployment of capital against technical, engineering and project milestones as the Company progresses through fiscal 2027.”

First Quarter Fiscal 2027 – Financial Highlights (three months ended August 31, 2026)