Aduro Clean Technologies Inc. (NASDAQ: ADUR) has received conditional approval to list its common shares on the Toronto Stock Exchange under the symbol "ACT," the company announced May 19.

The clean technology company, which transforms waste plastics, heavy bitumen, and renewable oils into resources, must fulfill all TSX requirements before final approval. The company expects to delist from the Canadian Securities Exchange upon completing the TSX listing.

Shareholders will not need to exchange share certificates or take action, as the trading symbol and CUSIP will remain unchanged. The company will announce the expected trading date once TSX confirms it.

"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.

Aduro is currently included in the CSE25 Index, which represents the 25 largest companies on the Canadian Securities Exchange by market capitalization. The company states the TSX listing will support broader market visibility and increased access to institutional investors.

The company develops patented water-based technologies using its Hydrochemolytic Technology platform, which operates at lower temperatures to convert feedstocks. Aduro has progressed the technology through pilot plant operating campaigns and industrial project development.