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Aduro Clean Technologies Closes Over-Allotment Option, Raising $2M

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  Published in Science and Technology on Friday, January 30th 2026 at 19:19 GMT by Toronto Star
      Locales: CANADA, UNITED STATES

VANCOUVER, BC - January 31, 2026 - Aduro Clean Technologies Inc. (TSXV: ACK) (OTCQB: ACKKF) announced today the successful closing of its over-allotment option related to a recently completed public offering. This move signifies strong investor confidence in Aduro's innovative cleantech solutions aimed at transforming the oil refining landscape and reducing environmental impact.

The company initially announced the public offering on January 24, 2026, and underwriters have now exercised their option to purchase an additional 400,000 common shares. This has increased the total gross proceeds from the offering by approximately $2.0 million, bringing the total raised to a substantial sum that will fuel Aduro's ambitious growth plans.

"We are very pleased with the success of our public offering and the strong support we received from investors," stated Richard Bachman, Chief Executive Officer of Aduro Clean Technologies. "The exercise of the over-allotment option further strengthens our financial position and allows us to accelerate our growth plans."

A Breakthrough in Sustainable Oil Processing

Aduro Clean Technologies is at the forefront of developing and commercializing a proprietary solvent-based process for refining crude oil and, crucially, pyrolysis oil. This is a particularly important area as the world increasingly looks to alternative feedstocks and circular economy solutions. Pyrolysis oil, derived from the thermal decomposition of waste plastics and biomass, presents a significant opportunity to reduce reliance on fossil fuels and address the global plastic waste crisis. However, pyrolysis oil is often of lower quality and requires advanced refining processes to be viable as a fuel or chemical feedstock. Aduro's technology directly addresses this challenge.

Unlike traditional refining methods, Aduro's patented technology aims to process challenging feedstocks - including heavy oil, bitumen, and pyrolysis oil - into higher-value, more sustainable products. This isn't simply about incremental improvements; Aduro's process is designed to significantly reduce greenhouse gas emissions and the overall environmental footprint associated with oil refining. The company believes its technology offers a pathway to produce cleaner fuels and chemicals while simultaneously mitigating the environmental damage caused by conventional processes.

Market Opportunity and Growth Potential The demand for sustainable energy solutions is rapidly increasing, driven by global climate change initiatives and growing consumer awareness. Governments and industries alike are actively seeking technologies to reduce carbon emissions and transition towards a more circular economy. Aduro Clean Technologies is strategically positioned to capitalize on this growing demand.

The additional funding secured through the over-allotment option will allow Aduro to accelerate several key initiatives. These likely include scaling up its pilot plant operations, conducting further research and development to optimize its technology for various feedstocks, and expanding its team of skilled engineers and scientists. Importantly, the funds will also enable Aduro to pursue commercialization opportunities and establish strategic partnerships with key players in the oil and gas, waste management, and petrochemical industries.

Financial Implications and Forward-Looking Statements The successful completion of the offering and the exercise of the over-allotment option significantly bolster Aduro's balance sheet. This financial stability will be crucial as the company moves from the development stage to commercial deployment of its technology. Investors will be closely watching Aduro's progress in demonstrating the scalability and economic viability of its process.

It's important to note, as stated in the company's news release, that the statements made regarding future financial performance and the use of proceeds are considered forward-looking. These statements are inherently subject to risks and uncertainties, and actual results may differ materially. Investors are advised to review Aduro's public filings for a comprehensive understanding of the associated risks.

U.S. Investor Considerations The company also issued a cautionary note to U.S. investors, highlighting that Aduro Clean Technologies Inc. securities have not been registered under the U.S. Securities Act of 1933. This means that offering or selling these securities in the U.S. or to U.S. persons requires compliance with specific U.S. securities laws.

Looking Ahead Aduro Clean Technologies is a company to watch in the rapidly evolving cleantech sector. With a unique and potentially disruptive technology, a supportive investor base, and a clear focus on sustainability, Aduro is poised to play a significant role in shaping the future of oil refining and contributing to a more sustainable energy future. More information can be found on the company's website: [ www.aduroclean.com ]