Paulness
2 weeks ago
NEWS -- FuelPositive Announces Strategic Focus on Manitoba, Expanding Network and New Partnerships
New Potato Farmer Advisor: Chad Berry
Media/PR UpdateWATERLOO, Ontario, April 18, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the "Company" or "FuelPositive") is delighted to provide an update on the Company’s strategic commitment to Manitoba, as FuelPositive continues to expand its network and forge new partnerships.
“Manitoba is the future of global agriculture,” said Ian Clifford, FuelPositive's Co-Founder and CEO. “The combination of climate, freshwater access and Canada’s globally encompassing trade agreements means that Manitoba is becoming the global hub of agriculture and agri-tech. There is nowhere better in Canada to be in the business of farming.”
This update is the first in a series aimed at reinforcing FuelPositive’s dedication to the growth and development of Manitoba, Canada. With a clear focus on expanding its network, FuelPositive is ready to establish new partnerships that resonate with its mission, values, and most importantly, the needs of the Company’s primary customers – farmers.
FuelPositive is grateful for the invaluable advice and support provided by its esteemed advisors, whose guidance has been empowering the Company’s team to pursue opportunities that not only benefit FuelPositive but also contribute to the flourishing communities of Manitoba.
As part of this initiative, FuelPositive is thrilled to unveil upcoming partnerships that will bolster its presence and deepen its impact throughout Manitoba and beyond. These collaborations underscore FuelPositive’s unwavering commitment to sustainable growth and the creation of meaningful opportunities for local stakeholders.
“FuelPositive is dedicated to fostering positive transformation across Canada, with an initial emphasis on Manitoba. Our strategic concentration on this region signifies not only our profound faith in its potential but also our unwavering resolve to ignite progress," affirmed Luna Clifford, FuelPositive's Co-Founder, and Chief Impact Officer.
New Manitoba Farmer-Partner and FuelPositive Advisor: Chad Berry
FuelPositive is delighted to announce the appointment of its new Farmer-Advisor, Chad Berry. Mr. Berry partners in and operates the 12,000-acre Under the Hill Farms in Glenboro, Manitoba. Mr. Berry, a third-generation potato grower, has extensive experience in regenerative and sustainable farming practices.
Mr. Berry was introduced to FuelPositive by Dr. Mario Tenuta, Senior Industrial Research Chair in 4R Nutrient Management and Professor of Soil Ecology at the University of Manitoba. Dr. Tenuta researches the relationship between nutrient management and greenhouse gas emissions. As a FuelPositive’s advisor, Dr. Tenuta supports the Company's efforts toward the mitigation/elimination of on-farm nitrogen emissions and helps connect its team with Manitoba-based farmers and stakeholders. Dr. Tenuta is a world-renowned scientist who is well-connected to Manitoba and its farming communities.
“FuelPositive not only gives farmers more options for access to cost and supply stability, their strong initiatives in supporting farmers reducing their carbon footprint of food production, places Manitoba growers at a competitive advantage in a changing market looking to net zero models of farm operations," stated Dr. Tenuta. "Along with the FuelPositive team, I visited Chad's progressive potato and farm operation. Mr. Berry and his family were welcoming, and the visit was productive and insightful. Particularly, we explored how Green Ammonia production can be integrated with fertigation of crops."
As a leader in innovative agricultural practices, Chad Berry has adopted many regenerative practices, including reduced tillage by direct seeding into stubble, limiting soil disruption, mitigating wind-caused soil erosion, improving water infiltration, solar panels/energy installation and being more efficient with fuel-saving through reduced fuel use. Under-the-Hill Farms is also being considered for one of FuelPositive's pilot systems to showcase the FP1500A, which includes the Aqueous Green Ammonia add-on module, currently being developed by the Company.
"We are thrilled to welcome Chad to the FuelPositive team," stated Luna Clifford. "Chad's deep understanding of the Manitoba agricultural landscape, coupled with his passion for sustainability and new technology, aligns with our vision for the future of farming. His expertise will help drive FuelPositive's mission forward."
"Any time we can find a new tool in the toolbox and utilize it to be more sustainable for future generations by controlling input costs and supply, we consider it," stated Chad Berry. "FuelPositive's technology would be an Ag-tech investment that can help create that control for us and countless other farmers," concluded Mr. Berry.
Mr. Berry is one of the farmers representing the Canadian Potato Sustainability Alliance. He is notable for his participation in developing programs as part of the Greenhouse Gas Evaluation Team.
Mr. Berry is also President of the Keystone Potato Producers Association in the Potato Marketing Association of North America. The Keystone Association represents approximately 85% of Manitoba's potato growers and significantly supports research to expand the potato industry.
Mr. Berry, alongside Dr. Tenuta, advises the Company on adapting its system output to farmers' needs, such as using Aqueous Green Ammonia as a UAN replacement in fertigation in potato farming. Berry's firsthand insights will be essential in guiding the Company as it adapts its systems to meet the unique and diverse needs of plant-based farmers in Canada.
"Chad Berry's invaluable insights are guiding us in customizing our solutions to address the unique fertilizer and fuel challenges faced by Canadian potato farmers. We eagerly anticipate collaborating closely with Chad to advance our mission of promoting sustainable agriculture practices," Ian Clifford stated.
"As we press forward towards a more sustainable future, we are thankful for the increasing support from farmers. Together, we are steadfast in our commitment to driving positive change in the agricultural industry and empowering farmers to flourish amidst a rapidly changing landscape," concluded Luna Clifford.
Media update:
FuelPositive is excited to announce a groundbreaking new initiative: expanding our creative team with the addition of talented photographers and graphic designers. The completion and shipment of our first On-site Green ammonia system mark a pivotal moment in our dedication to enriching our online presence and elevating the brand experience for our valued stakeholders.
With these skilled professionals joining our ranks, we are poised to revolutionize our digital platform, offering an immersive showcase of our team, cutting-edge systems, and state-of-the-art facilities. We strive to effectively showcase the cutting-edge innovation that defines FuelPositive through dynamic imagery and updated information.
This initiative underscores our unwavering commitment to transparent communication with our stakeholders. By providing a window into our achievements and milestones, we invite our audience to share in our journey and celebrate our collective success.
"It has been a privilege collaborating with the team at FuelPositive over the past few months. Capturing their progress has been an incredible experience, highlighting the dedication and hard work they've poured into their endeavours. I look forward to continuing to document FuelPositive's journey as they embark on this next phase of growth," stated Alexia Cina, one of FuelPositive's photographers.
"Alexia has meticulously documented our recent Ministry of Agriculture visits, the farmers' visit on April 10, and is currently capturing the shipping of our inaugural system from Waterloo to its arrival in Manitoba," stated Luna Clifford. "Her keen eye for detail has beautifully showcased this pivotal moment in our Company's history. We are thrilled to share more updates, including today's pictures of the shipping process."
About FuelPositive Corporation
FuelPositive is a Canadian technology company dedicated to delivering commercially feasible and sustainable clean technology solutions that follow a circular approach, ensuring the entire lifecycle of our products is environmentally friendly. This includes an on-farm/onsite, containerized Green Ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.
By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green Ammonia is also considered a key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security while eliminating carbon emissions from the production process. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer.
See pre-sale details here: https://fuelpositive.com/pre-sales/.
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Co-Founder Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Logan Ross
Senior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.
mailto://lross@counselpa.com
Tel: 204.720.3662
https://www.counselpa.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
Paulness
2 weeks ago
NEWS -- FuelPositive Announces Completion of Factory Acceptance Testing and Shipping of First Commercial System
Highlights:
Successful Factory Acceptance Testing completed April 10, 2024First On-Farm FP300 system ships April 15, 2024WATERLOO, Ontario, April 15, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the "Company" or "FuelPositive") is pleased to announce that the Factory Acceptance Testing (FAT) was successfully completed by FuelPositive’s farmer-partner and advisor, Curtis Hiebert, from Sperling, Manitoba and shipment of the world’s first FuelPositive FP300 system has commenced.
Curtis Hiebert took time out of his busy spring season schedule to visit the team at FuelPositive's new small-batch manufacturing facility in Waterloo, Ontario, to complete the FAT and mandatory safety training for the first FP300, which will be delivered on-farm this week. Tracy and Curtis Hiebert were selected as recipient of the World’s first FuelPositive’s demonstration pilot for the FuelPositive's on-farm Containerized Green Ammonia system.
"The Hiebert Factory Acceptance Testing was completed successfully, and our team is thrilled and incredibly proud of this collaborative achievement," stated Nelson Leite, FuelPositive's Chief Technology Officer and Board Member. "The system was demonstrated at our Waterloo facility installed the way it will be installed in Manitoba. FuelPositive’s team will be in Sperling, Manitoba, this week to receive the first FP300 and begin its commissioning."
"The Factory Acceptance is a huge milestone for us and FuelPositive. Seeing the system installed and operating makes this whole project that much more real. We are very much looking forward to its arrival on the farm in the coming days. It is amazing for us to be first in the world. We are very proud to be the first farm," said Curtis Hiebert. "Thinking ahead and setting a solid future for our family is the most important thing for us," added Hiebert.
Several farmers, potential customers, and investors attended on April 10 to meet with FuelPositive's team to learn more about the Company's current technology and future projects. This provided a first hand opportunity for farmers to witness the FP300 system in action and gain insights into its capabilities.
Manitoba-based multi-generational precision agriculture grain farmers Daniel and Scott Kroeker and Corey Park, General Manager of Rutherford Farms, which is one of the top seed producers in Canada and a near "net-zero" farming enterprise joined the event.
"The tour and training were helpful and informative for Scott and me. We are very excited to have the first system on Curtis' farm! We're also investors in FuelPositive. It was great to meet the team that is putting this all together. As farmers, leaving the land better than we found it and creating a solid legacy for our kids is a big motivation. FuelPositive understands how important this is to many farmers," said Daniel Kroeker, co-owner/operator.
"Having FuelPositive systems on our farms will significantly reduce our emissions footprint and could quickly push us into a "net-zero" reality," added Corey Park. "The launch of FuelPositive's Canadian technology in Manitoba has the potential to be a game-changer for farmers worldwide."
"This day marks a pivotal moment for the Company, resulting from months of dedicated teamwork and expertise. The transformative impact of what unfolds next at the Hiebert’s farm will set a new standard, revolutionizing farming practices worldwide," concluded Ian Clifford, Co-Founder, CEO, and Board Chair of FuelPositive.
The first On-Farm FP300 system ships on April 15, 2024:
As a result of the major FAT milestone, FuelPositive has remained on schedule and has begun shipping the First FP300 system today. FuelPositive expects it will take up to a week for all the components to arrive on-farm in Manitoba and will continue to provide photos and updates as on-farm delivery is completed.
"We're incredibly excited about what today means for our dedicated company and determined team. We're beyond proud. Our technology has the potential to make a difference in farmers' quality of life and for the environment," stated Luna Clifford, FuelPositive Co-Founder and CIO. "We set out to build a company mindful of its impact on the world and its people, and we are succeeding. Our technology aims to empower farmers, by providing them with easy and affordable access to fertilizer and fuel and bringing much-needed stability. It is also about raising awareness amongst Canadians about global food security and the solutions available today."
About FuelPositive Corporation
FuelPositive is a Canadian technology company dedicated to delivering commercially feasible and sustainable clean technology solutions that follow a circular approach, ensuring the entire lifecycle of our products is environmentally friendly. This includes an on-farm/onsite, containerized Green Ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.
By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green Ammonia is also considered a key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security while eliminating carbon emissions from the production process. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer.
See pre-sale details here: https://fuelpositive.com/pre-sales/.
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Co-Founder Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Logan Ross
Senior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.
mailto://lross@counselpa.com
Tel: 204.720.3662
https://www.counselpa.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
frankyahoo
3 weeks ago
Daily volume's been going up.
Date Open High Low Close Adj Close Volume
Apr 9, 2024 0.0500 0.0600 0.0500 0.0500 0.0500 943,200
Apr 8, 2024 0.0400 0.0600 0.0400 0.0500 0.0500 745,900
Apr 5, 2024 0.0500 0.0500 0.0400 0.0400 0.0400 1,707,400
Apr 4, 2024 0.0500 0.0600 0.0500 0.0500 0.0500 1,660,000
Apr 3, 2024 0.0600 0.0600 0.0500 0.0600 0.0600 619,000
Apr 2, 2024 0.0400 0.0600 0.0400 0.0600 0.0600 840,800
Apr 1, 2024 0.0600 0.0600 0.0500 0.0600 0.0600 1,452,500
Mar 28, 2024 0.0600 0.0600 0.0500 0.0600 0.0600 222,600
Mar 27, 2024 0.0600 0.0600 0.0500 0.0500 0.0500 350,100
https://finance.yahoo.com/quote/NHHHF/history
Paulness
4 weeks ago
NEWS -- FuelPositive Welcomes Deputy Minister of Agriculture and Agri-Food Canada to Facility in Waterloo and Announces Non-Brokered Private Placement
WATERLOO, Ontario, April 04, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the "Company" or "FuelPositive") is pleased to announce it had the honour to welcome the Federal Deputy-Minister of Agriculture and Agri-Food Canada, Stefanie Beck, for a tour of its new facility in Waterloo Canada. This second visit from the Federal Ministry of Agriculture underscored the importance of FuelPositive's work, as it closely followed the highly positive visit of the Honorable Minister of Agriculture, Lawrence MacAulay.
During the tour and subsequent round table discussion, FuelPositive's team showcased its cutting-edge systems and upgraded facilities, providing insight into its transformative approach to lowering both the cost and GHG intensity of fertilizers and fuel.
"Deputy Minister Beck recently visited our team at our new facility during her visit to the Kitchener-Waterloo region. Our team offered her a warm reception and discussed the Company's clean technology solutions, including the production of Green Ammonia and its advantages for on-farm fertilizer and fuel use," stated Ian Clifford FuelPositive CEO and Board Chair.
Deputy Minister Beck was joined by Alec Nicholls, Director General, Agriculture and Agri-Food Canada, Melissa Reginato, Senior Markets and Trade, Agriculture and Agri-Food Canada and Hadley Carpenter, Regional Director, Agriculture and Agri-Food Canada, who was instrumental in organizing the visit.
"FuelPositive has the potential to transform Canada's green fertilizer and sustainable fuel sectors. Our technology embodies the spirit of progress and collaboration and showcases Canada's leadership in pioneering solutions that address pressing global challenges. We hope that we effectively communicated the urgency for the government to continue to support projects like ours, destined to improve farmers' quality of life," stated Luna Clifford, FuelPositive Chief impact Officer.
The governmental visit was a valuable opportunity for the FuelPositive team to engage in meaningful discussions with Deputy Minister Beck. The team addressed vital issues surrounding the resilience of rural communities and the challenges farmers face in today's evolving landscape. The team emphasized the importance of addressing the lack of predictability in farming, exacerbated by climate change, fertilizer shortages, and profound supply chain cost fluctuations.
FuelPositive's team highlighted how its technology stands apart from traditional fertilizer production methods in its superior environmental impact mitigation. Unlike organic fertilizers derived from animal agriculture or traditional synthetic fertilizers reliant on fossil fuels, both posing significant ecological and social challenges, FuelPositive’s Green Ammonia fertilizer is produced without utilizing animals or fossil fuels, offering many advantages over these current unsustainable ways of producing fertilizer.
FuelPositive's innovative approach not only distinguishes the Company in the market but also equips Canadian farmers with a long-term, reliable solution to enhance productivity and optimize resources, all while minimizing environmental harm.
As advocates for the agricultural community, FuelPositive eagerly awaits further dialogue and collaboration with the Canadian Government and its agencies to drive positive change. "As we embark on this exciting journey, collaborating with government entities holds immense potential to empower our farmers, address hidden challenges, and enhance the resilience of rural communities. Together, we forge a path towards sustainable agriculture, driving positive change and securing a brighter future for all stakeholders," stated Ian Clifford, FuelPositive CEO and Board Chair. "Thank you to the Federal Ministry of Agriculture for acknowledging our work and taking the time to understand how a decentralized, on-farm approach to fertilizer and fuel production can directly contribute to Canadian farmers meeting their greenhouse gas emissions mitigation targets. Having access to fertilizer as needed has a positive impact on optimizing farmers' yield and offers stability and security, both economically and socially. Decentralization is key for sustainable change," concluded Ian Clifford.
A pivotal moment during the Deputy Minister's visit was when Dr. Leith Deacon, FuelPositive's Rural Planning and Development Advisor, also provided his insight during the meeting. Dr. Deacon shared vital statistics with the Deputy Minister and her team, underscoring the urgent need for government leadership to ensure a viable future for rural and farming communities. "Leith's role within FuelPositive has been key in helping educate the team about what matters most to farmers: their priorities, immediate need for support, and challenges," stated Luna Clifford, FuelPositive's Chief Impact Officer.
A professor in the School of Environmental Design and Rural Development in the Ontario Agriculture College at the University of Guelph, Dr Deacon is also a registered professional planner (RPP) and holds membership with the Canadian Institute of Planners (MCIP). His research focuses on governance, resiliency, mental health, planning, and policy primarily related to small, agricultural, and rural communities. Dr Deacon is the lead investigator of the Sustainable Community Planning Development Project https://www.sustainablecommunityplanning.com, with a goal to contribute knowledge to the field of rural planning and developing by examining the concept of resilience within small, agricultural, and rural communities. He has been an invaluable guide in FuelPositive's journey to understand the reality of farmers and rural communities today.
During the Deputy Minister Becks visit, Dr. Deacon emphasized the importance of mindful and targeted interventions to address the pressing challenges farmers face today, stating: "FuelPositive is working to give autonomy and control to farmers with their onsite, containerized, Green Ammonia production system. This system revolutionizes how farmers access fertilizers and, critically, offers much-needed long-term price predictability. Economic uncertainty is a leading contributor to poor mental health and increased anxiety in rural communities, both of which are directly linked to the high rates of suicide within Canada's farming communities. The FuelPositive system can potentially help reduce anxiety associated with cost predictability and support the long-term resilience of Canada's farmers."
Resilience manifests in various forms within a community's fabric. Social resilience speaks to the community's ability to support its members' well-being and inclusivity. Economic resilience focuses on adaptability amid unforeseen events, ensuring stability at individual and community levels. Environmental resilience centers on the community's capacity to absorb environmental changes with ease. Legislative/governance resilience encompasses long-term strategies that promote good governance, stability, and diversity through inclusive policies and transparent approaches. Together, these facets bolster a community's ability to navigate challenges and thrive despite adversity.
FuelPositive’s team is proud to be addressing all facets of resiliency and count on the governments of Canada, at all levels, to develop supportive legislative incentives and programs. "The decentralization of energy, fertilizer and fuel production is at the core of FuelPositive's innovative technology and should also be at the core of the Canadian transition toward a more resilient agriculture sector," concluded Luna Clifford.
Non-Brokered Private Placement
The Company is pleased to announce that it will offer (the “Offering”) up to 54,545,455 units (each, a “Unit”) by way of non-brokered private placement at a price of $0.055 per Unit for aggregate gross proceeds of up to $3,000,000. Each Unit will consist of one common share of the Company and one common share purchase warrant allowing holders to purchase an additional common share at a price of $0.07 for a period of sixty months.
The net proceeds from the Offering will be utilized for general working capital purposes with a focus on accelerating its various initiatives in the Province of Manitoba. In connection with completion of the Offering, the Company may pay finders’ fees to eligible third parties who have assisted in introducing subscribers to the Company.
In connection with completion of the Offering, the Company also intends to settle (the “Debt Settlement”) outstanding indebtedness of $56,000 owing to certain arms-length credits in consideration for the issuance of 1,018,182 Units at a deemed price of $0.055 per Unit.
All securities issued in connection with the Offering and Debt Settlement will be subject to a statutory hold period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering and the Debt Settlement remain subject to the approval of the TSX Venture Exchange.
About FuelPositive Corporation
FuelPositive is a Canadian technology company dedicated to delivering commercially feasible and sustainable clean technology solutions that follow a circular approach, ensuring the entire lifecycle of our products is environmentally friendly. This includes an on-farm/onsite, containerized Green Ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.
By focusing on clean, sustainable, economically advantageous and realizable technologies, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green Ammonia is also considered a key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security while eliminating carbon emissions from production. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer.
Sales details here: https://fuelpositive.com/sales/
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and on the OTCQB under the symbol NHHHF in the USA.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Logan Ross
Senior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.
mailto://lross@counselpa.com
Tel: 204.720.3662
https://www.counselpa.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital
et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect and could cause actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
Paulness
4 weeks ago
NEWS -- FuelPositive Participates in NICCEE’s Green Ammonia Event in the USA
WATERLOO, Ontario, April 03, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the "Company" or "FuelPositive") is pleased to announce that on March 15, 2024, the United States National Science Foundation funded Global Nitrogen Innovation Center for Clean Energy and the Environment (NICCEE) held an exploratory meeting with regional agricultural partners in the Chesapeake Bay Watershed's key grain production region, the Eastern Shore of Maryland.
FuelPositive was invited by Dr. Matthew Houser, a Senior Social Scientist at The Nature Conservancy and Assistant Research Professor at the University of Maryland Center for Environmental Science, to present their breakthrough Green Ammonia story.
The Global Nitrogen Innovation Center for Clean Energy and the Environment (NICCEE), spearheaded by the University of Maryland Center for Environmental Science (UMCES) with key partners in the U.S. (New York University and iUniversity of Massachusetts Amherst), Canada (University of Guelph), and the U.K. (Rothamsted Research), provide timely and crucial insights associated with the rapidly evolving technological innovation to produce Green Ammonia using renewable energy for clean energy and food production.
The meeting's goal was to inform potential end-users about the emerging on-farm green ammonia production technology and document their perceived opportunities and concerns related to adoption.
The meeting attendees represented various parties involved in agricultural nitrogen management, including grain farmers, regional fertilizer distributors, agricultural policy representatives, and agricultural conservation organizations. "In addition to several presentations that covered the purpose of NICCEE and the overall development of Green Ammonia, FuelPositive CEO Ian Clifford joined to discuss the Company's On-farm Green Ammonia units. During a facilitated discussion, workshop participants offered their perspectives on this new technology, centered around FuelPositive's system." stated Dr Houser.
"Regional distributors and farmers alike are "price takers" when it comes to inputs that FuelPositive's system can produce or replace, such as nitrogen fertilizer and propane for grain drying. Both groups were primarily excited about the potential to "take control" of these inputs, which would enable retailers to offer customers' better nitrogen prices and farmers to have consistent input costs. They like the independence it gives them: the stability and predictability of the price and supply. While farmers and distributor participants noted some potential adoption and implementation challenges, there was general enthusiasm about the economic and environmental potential of these systems and several participants expressed that they were seriously considering these units for their operation," continued Dr Houser.
"We feel deeply honoured to have been invited to meet such open-minded farmers and leaders in the Green Ammonia sector. Participating in a full day of discussion and debate with individuals who share a commitment to environmental responsibility in agriculture was truly inspiring. Our ongoing and increasing encounters with passionate advocates committed to optimizing agriculture while safeguarding the environment have been remarkable. It reaffirms our collective dedication to fostering sustainable practices to benefit our planet and future generations," concluded Ian Clifford, FuelPositive CEO and Board Chair.
NICCEE plans to host future partner workshops in other regions across the US, Canada, and the UK to assess how perceptions differ across and within national boundaries. As an Innovation Partner of NICCEE, FuelPositive will benefit from this wealth of information about a newly emerging sector and its first end-users.
About FuelPositive Corporation
FuelPositive is a Canadian technology company dedicated to delivering commercially feasible and sustainable clean technology solutions that follow a circular approach, ensuring the entire lifecycle of our products is environmentally friendly. This includes an on-farm/onsite, containerized Green Ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.
By focusing on clean, sustainable, economically advantageous and realizable technologies, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green Ammonia is also considered a key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security while eliminating carbon emissions from production. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer.
Sales details here: https://fuelpositive.com/sales/
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and on the OTCQB under the symbol NHHHF in the USA.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Logan Ross
Senior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.
mailto://lross@counselpa.com
Tel: 204.720.3662
https://www.counselpa.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital
mailto://et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect and could cause actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
Paulness
1 month ago
NEWS -- FuelPositive Files Patent for Green Aqueous Ammonia Production Module and Provides Update on First Farm-Ready System
Highlights:
Provisional patent filed on new Green Aqueous Ammonia add-on module systems: the “FP300A” and “FP1500A”Benefits of Green Aqueous AmmoniaFactory Acceptance Testing of FuelPositive’s Green Anhydrous Ammonia system occurring in early AprilOn track with April 15th target delivery
WATERLOO, Ontario, March 21, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) is pleased to announce that it has filed a provisional patent for its new Green Aqueous Ammonia add-on module systems: the FP300A and FP1500A.
Once fully commercialized, this system could enable farmers to independently produce Green Aqueous Ammonia fertilizer on location at a significantly lower cost and with much lower GHGs than existing methods.
This groundbreaking integrated module provides farmers with a method for producing aqueous ammonia of adjustable nitrogen concentration from their FuelPositive on-farm system. The modular and safe design integrates seamlessly with their FP300 and FP1500 systems, offering flexibility in production volume and nitrogen concentration without compromising efficiency.
Ammonia is a key component in various fertilizers and industrial applications. While anhydrous ammonia (NH3) is widely used it is limited in specific circumstances, such as controlled environment agriculture. This is primarily due to safety protocols and transportation challenges. Lower nitrogen content aqueous ammonia is a preferred alternative in such scenarios.
Currently, the production of aqueous ammonia requires expansive facilities that yield significant quantities of the solution. Due to their scale, these facilities demand substantial water supplies and energy inputs, often relying on fossil fuels. Additionally, aqueous ammonia must be transported to and stored near its intended application site. This large-scale, centralized production method hinders easy adjustments to the nitrogen concentration of the produced aqueous ammonia fertilizer.
In contrast, FuelPositive's new module can produce Green Aqueous Ammonia on-site and adjust the concentration of the output fertilizer on demand, thus, allowing farmers to customize the nitrogen content of their fertilizers as needed.
By introducing its new add-on module, FuelPositive dramatically expands its market reach, empowering more farmers to transition towards green and independent fertilizer solutions.
The FP300 or FP1500 can now be upgraded to FP300A or FP1500A systems, thereby transforming Green Anhydrous Ammonia into Green Aqueous Ammonia Fertilizer.
Some highlights of the add-on module:
Dual function: can produce both Green Anhydrous Ammonia and Green Aqueous Ammonia FertilizersFarmers can choose their own Green Aqueous Ammonia concentrations from 5% to 30%.Farmers can choose Fertilizer PH balance.The FP300A and FP1500A modules utilize the same heating and cooling systems as the FP300 and FP1500, ensuring a streamlined and efficient process.Green Aqueous Ammonia requires fewer storage and handling safeguards than Green Anhydrous Ammonia, making it more accessible to a broader range of agricultural applications.
We anticipate having the first Green Aqueous Ammonia module pilot ready this fall, and I'm thrilled that we can provide more smart fertilizer options to farmers and other customers.” Nelson Leite, FuelPositive's Chief Technology Officer and Board Director, explains. “This technology milestone marks a new phase in FuelPositive's evolution and sets a new standard in the agricultural market, making affordable Green Aqueous Ammonia accessible to more farmers.”
“FuelPositive is leading the transformation of traditional and heavily polluting chemical industries into environmentally sustainable solutions, particularly in fertilizers. In response to farmers' diverse needs, we've expanded our containerized Green Anhydrous Ammonia system to include a Green Aqueous Ammonia module. This need prompted our engineering team to design a unit that not only produces environmentally friendly and safe Green Aqueous Ammonia but also meets rigorous industry standards.” Hamza Aldaghstany, FuelPositive's Senior Mechanical Engineer, added, “Moreover, our system can produce Green Aqueous Ammonia at concentrations tailored to various agricultural settings, including fields, greenhouses, and diverse crop types. As FuelPositive lead mechanical engineer, I'm proud to be part of this innovative technology, offering farmers worldwide cost-effective access to environmentally friendly Green Anhydrous and Green Aqueous Ammonia.”
“Our novel technological development in Green Aqueous Ammonia production, alongside our Green Anhydrous Ammonia system, overcomes numerous obstacles in the agricultural sector. These include safety concerns, challenges related to unsuitable climates for fertilizing, high transportation costs and emissions, and limited accessibility to high-quality nitrogen fertilizers,” Francisco Mora, FuelPositive's Chemical Engineering lead, stated.
Nelson Leite concludes, “We continuously seek technological advancements with our team of brilliant minds dedicated to inventing and constructing game-changing solutions. The Green Aqueous Ammonia add-on module is just one of numerous innovations in progress at FuelPositive's Research and Development facility in Waterloo, Ontario.”
FP300 System Readiness Update:
FuelPositive is pleased to provide an update on its progress toward system readiness and delivery.
The Company is delighted to report that its team has been working toward its April 15th target date and remains on track with its previously announced timelines.
The FP300 system is undergoing thorough preparation for shipping and on-farm commissioning.
FuelPositive’s commitment to farmers is unwavering, and is dedicated to ensuring a smooth, safe, and successful delivery of the world’s first containerized Green Anhydrous Ammonia system in Sperling, Manitoba.
The Company is preparing to welcome our farmer-partner, Curtis Hiebert and his team for their Factory Acceptance Testing (FAT) and training early in April, with other interested farmers scheduled to visit within the same timeframe.
“I'm excited to finalize our system readiness on time to meet our deadlines and to install our first pilot system in Manitoba this April,” said Nelson Leite, FuelPositive’s Chief Technology Officer and Board Director.
“It is very exciting to know we are this close to having the pilot FP300 system landed on the farm and to start the next phase in the evolution of FuelPositive. The team has dedicated many hours to get to this point, and the hard work is paying off. Well done to every member of the team!” continued Martin Cina, FuelPositive’s Co-Lead of Project Completion.
“The team is making tremendous progress on our FP300 system as we approach the upcoming FAT. It's fantastic to see the whole team's hard work pay off as the system enters the final stages of completion before shipping,” concluded Janusz McNeil, FuelPositive’s Co-Lead of Project Completion. “We're very proud of what we have been able to achieve to date and are very excited about our future!”
Farm readiness update:
The dedication and diligence of the Hieberts in preparing the farm site underscore their commitment to the success of our collaboration.
With the support of Manitoba Hydro, the Hieberts are completing the necessary electrical upgrades to power FuelPositive’s FP300 system and enable a future transition move up to the FP1500 system. This collaboration highlights FuelPositive's commitment to working closely with local stakeholders and ensuring the smooth implementation of the first on-farm FuelPositive installation.
Throughout this process, every effort has been made to minimize delays and optimize the site. FuelPositive is confident that with the collective efforts of its team and partners, the Hieberts will apply Green Anhydrous Ammonia to their fields for the first time during their next planned applications, later this fall.
“We are eagerly anticipating the arrival of the first FuelPositive Green Anhydrous Ammonia system, and we’ll be travelling to see it up and running in Waterloo in early April for the Factory Acceptance Testing and training,” said Curtis Hiebert, FuelPositive's First Demonstration partner and multi-generation Manitoba Farmer. “Our team at home is actively prepping our farm to be ready for the system’s arrival. We are excited to receive it and have it operational on our farm.”
“In Manitoba, we've been embraced wholeheartedly, meeting with farmers and stakeholders eager to join us on our mission to transform Canadian and global agriculture,” concluded Ian Clifford, FuelPositive’s Chief Executive Officer and Board Chair. “I am currently traveling throughout Manitoba to meet with farmers and other potential local partners. We are looking forward our first system delivery and what it means for the future of our dynamic and ambitious enterprise.”
About FuelPositive Corporation
FuelPositive is a Canadian technology company dedicated to delivering commercially feasible and sustainable clean technology solutions that follow a circular approach, ensuring the entire lifecycle of our products is environmentally friendly. This includes an on-farm/onsite, containerized Green Ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.
By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green Ammonia is also considered a key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security while eliminating carbon emissions from the production process. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer.
See sales details here: https://fuelpositive.com/sales/.
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Logan Ross
Senior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.
mailto://lross@counselpa.com
Tel: 204.720.3662
https://www.counselpa.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital
mailto://et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
Paulness
1 month ago
NEWS -- FuelPositive names Counsel Public Affairs as Communications and Marketing Agency of Record
WINNIPEG, Manitoba and WATERLOO, Ontario, March 20, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) is pleased to announce Counsel Public Affairs (Counsel) as its communications and marketing Agency of Record, following a thorough search announced in a news release dated February 6, 2024.
Luna Clifford, Chief Impact Officer at FuelPositive, commented on this new partnership: "We are thrilled to welcome Counsel Public Affairs as our newly appointed agency of record. Under the dynamic leadership of Logan Ross, Senior Vice President of Communications and Campaigns, Counsel’s team possesses a targeted understanding of our technology and audiences. After an extensive search, we firmly believe Counsel is the ideal strategic choice to meet FuelPositive's expanding communications and marketing needs.”
Clifford continued: "With FuelPositive's strategic focus on sales and manufacturing in Canada and Manitoba; we actively pursued an agency equipped with comprehensive knowledge of these markets and having a long track record of supporting clients in the green energy and the AgTech sector. Counsel is strategically positioned to capitalize on increasing government support and awareness at provincial, federal, and global levels. Their deep understanding of government policies and programs will help us effectively leverage strategic opportunities.”
Logan Ross, Senior Vice President of Communications and Campaigns at Counsel Public Affairs shared her enthusiasm for the partnership, “We are thrilled to be named FuelPositive’s Agency of Record for communications and marketing services. We have a long history of helping clients to succeed in the green energy and agriculture sectors. FuelPositive’s technology has the potential to transform the green economy in this country; we can’t wait to help them tell their story in Manitoba and beyond.”
Ian Clifford, FuelPositive CEO and Board Chair, highlighted the significance of the partnership: "Choosing our strategic communications and marketing agency marks a pivotal moment as we gear up for the imminent on-farm launch of our inaugural system in Manitoba with a worldwide audience eagerly awaiting this milestone for the Company, we set our sights on nothing short of excellence in agency selection to help steer FuelPositive through this transformative phase. We foresee a successful collaboration with Counsel, echoing their excitement for the journey ahead."
Counsel will also provide FuelPositive with investor relations communications support. The engagement will be for an initial twelve-month term ending on March 14, 2025, during which time Counsel will receive a monthly retainer*. In addition, Counsel will also be entitled to receive a one-time grant of 1,200,000 incentive stock options (the “Options”) exercisable at a price of $0.05 for a period of sixty months. The Options will vest in four equal parts over twelve months with the first part vesting after three months.
About Counsel Public Affairs
Counsel is Canada’s most effective public affairs firm, specializing in government relations, strategic communications, and integrated campaigns.
Established in 2004, Counsel is a national firm with over 40 consultants in Victoria, Vancouver, Calgary, Edmonton, Regina, Winnipeg, Toronto, and Ottawa.
Counsel’s team has decades of experience and includes senior individuals who have quarterbacked national political campaigns, run provincial war rooms, written winning platforms, served as Cabinet Ministers, led First Nations, held executive roles in major corporations, and most importantly, helped hundreds of clients succeed.
About FuelPositive Corporation
FuelPositive Corporation is at the forefront of Canadian technology and is committed to delivering sustainable, environmentally responsible Green Ammonia solutions. Our innovative approach includes on-farm/on-site, containerized Green Ammonia production systems, effectively eliminating carbon emissions.
Our commercial Green Ammonia systems are versatile and serve multiple applications, including fertilizer for farming, fuel for grain drying, internal combustion engines, and hydrogen storage for fuel cells and other sectors.
Our main customer base consists of farmers, who currently utilize 80% of the global ammonia production. We address their nitrogen fertilizer needs while advocating for environmental change.
Our Canadian company leverages Canada’s expertise in technology and environmental stewardship to empower communities worldwide against food insecurity. We’re shaping a more resilient future for generations through collaboration and innovation.
FuelPositive: Fuel for a Mindful World.
See Sales details here: https://fuelpositive.com/sales/
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Logan Ross
Senior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.
mailto://lross@counselpa.com
Tel: 204.720.3662
https://www.counselpa.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
*Counsel Public Affairs will be compensated a professional fee of $60,000.00 plus applicable taxes and disbursements for the 12-month term, which is payable monthly.
Paulness
3 months ago
NEWS -- FuelPositive Announces Closing of Non-Brokered Private Placement
WATERLOO, Ontario, Feb. 09, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company”) is pleased to announce that it has closed a final tranche of its non-brokered private placement (the “Offering”) and has issued 9,961,909 units (each, a “Unit”) at a price of $0.055 per Unit, for aggregate gross proceeds of $547,905. Each Unit consists of one common share of the Company and one common share purchase warrant (each, a “Warrant”) allowing holders to purchase an additional common share at a price of $0.07 until February 9, 2029.
When combined with the first tranche of the Offering, the Company has raised gross proceeds of $1,897,905 through the issuance of 34,507,363 Units. The net proceeds from the Offering will be utilized for general working capital purposes.
In connection with closing of the final tranche of the Offering, the Company issued 525,000 Warrants and paid $28,875 to certain arms-length parties who assisted in introducing subscribers to the Offering. All securities issued in the final tranche of the Offering are subject to a statutory hold period until June 10, 2024, in accordance with applicable securities laws.
About FuelPositive Corporation
FuelPositive Corporation is at the forefront of Canadian technology and is committed to delivering sustainable, environmentally responsible Green Ammonia solutions. Our innovative approach includes on-farm/on-site, containerized Green Ammonia production systems, effectively eliminating carbon emissions.
Our commercial Green Ammonia systems are versatile, serving multiple applications, including fertilizer for farming, fuel for grain drying, internal combustion engines, and hydrogen storage for fuel cells and other sectors.
Our main customer base consists of farmers, who currently utilize 80% of the global ammonia production. We address their nitrogen fertilizer needs while advocating for environmental change.
Our Canadian company leverages Canada’s expertise in technology and environmental stewardship to empower communities worldwide against food insecurity. We’re shaping a more resilient future for generations through collaboration and innovation.
FuelPositive: Fuel for a Mindful World.
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
https://www.fuelpositive.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including the expected expenditures of the proceeds of the private placement, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
Paulness
3 months ago
NEWS -- FuelPositive Accelerating Toward Sustainable Solutions
WATERLOO, Ontario, Feb. 06, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) provides updates on recent achievements, new initiatives, and completion of financing.
Government Spotlight:
FuelPositive's year got off to a great start with an impactful visit from the Federal Minister of Agriculture, the Honorable Lawrence MacAulay, and two local Members of Parliament, the Honorable Bardish Chagger and MP Tim Louis, at its Northland facility, which was a landmark and celebratory event for the young company. The Minister of Agriculture and the MPs engaged directly with FuelPositive’s team.
Minister MacAulay, an experienced potato farmer from Charlottetown, PEI, understands the challenges Canadian farmers face: the pressure from fluctuating fertilizer prices and supply, the effects of climate change, and the rising demand to sustain a growing population.
Ongoing dialogue and additional minister/government officials' visits are scheduled to explore further avenues of support for the company's rapid growth.
Jeanne Milne, FuelPositive’s Senior Government Relations Advisor, remarked, "Witnessing the FuelPositive team's pride in presenting our groundbreaking technology at our Research and Development Facility at 99 Northland was truly inspiring. Government officials recognized the pivotal role this technology can play in transforming the agricultural sector."
FP300 “On-Farm” Readiness:
FuelPositive remains on track to deliver its first commercial system in early Spring 2024. Due to additional safety verification steps, the updated delivery date is now April 15th.
The company announces the introduction of a Performance Guarantee on operating costs (OPEX) and production output for the trailblazing early adopters of FuelPositive technology.
The first FP300 system has officially been moved to FuelPositive's new 15,000-square-foot manufacturing facility for the Factory Acceptance Test (FAT). The FAT is the final approval step before delivery and on-farm installation.
FuelPositive has invited the Hieberts and other customer-farmers to visit its facilities throughout March 2024. The Hieberts will complete their Factory Acceptance Test and receive training on their initial FP300 system.
Other interested customers will have a firsthand look at FuelPositive’s proprietary technology as they make their final purchase commitments.
Nelson Leite, COO of FuelPositive, announced, "We've relocated the FP300 to our new manufacturing facility. In the next few weeks, we'll focus on finalizing commissioning, optimization, and safety checks for on-farm deployment in Manitoba. We’re looking forward to hosting some select customers to the facility throughout March and welcoming the Hieberts for their Factory Acceptance Testing and related training.”
Marketing and Sales:
FuelPositive is in the final stages of selecting Public and Media Relations firms, with the announcement expected by the end of February.
Ian Clifford, FuelPositive’s CEO, stated, "We are selecting the most strategic media and public relations suppliers with a targeted understanding of our technology and audiences. We will announce our decision shortly."
The company focuses its initial sales efforts in Manitoba, Canada, capitalizing on the green grid, numerous qualifying farmers, and strong government support. Ian Clifford emphasized, "With these advantages, many Manitoba farmers will directly benefit from our fertilizer and fuel solutions."
FuelPositive is also focusing on commercializing the FP1500 system in response to global inquiries from farms 10,000 acres and larger. This system produces 500 metric tonnes of Green Ammonia annually, five times more than the FP300, while maintaining a similar footprint and offering a more cost-effective rate per tonne.
People and Culture:
As part of its strategic expansion, the Company has recruited its first Director of Sales, who will join the team this month. In the last two months, FuelPositive welcomed a Controller, a Senior Purchaser, an Engineer of Record, and a Senior Electrical Engineer to the team. These key hires and promotions from within the organization will support the Company in achieving its ambitious goals.
Cheryl Allen, Director of Human Resources at FuelPositive, remarked, "Leading the crucial task of sourcing and recommending new team members has been an honour and pleasure for me. As we expand into a prominent green technology and manufacturing entity, I look forward to continuing my leadership role in supporting our growth journey."
Sector Recognition:
FuelPositive is proud to announce that it has been selected as an International Industry Innovation Leader and a “Living Lab” by NICCEE (the Global Nitrogen Innovation Center for Clean Energy and the Environment). “NICCEE … involves collaborators from eight countries: academia, NGOs, international organizations, government agencies, and private companies. These partnerships offer complementary expertise and present a diverse portfolio of opportunities to investigate the emerging challenges and possibilities of Green Ammonia technologies.”
FuelPositive's FP300, addressing nitrogen-related pollution, is referenced as a "living lab" for its innovative use of Green Ammonia. This sector recognition aligns with FuelPositive's ongoing efforts to reduce agricultural and fuel-switching nitrogen-related emissions.
Luna Clifford, FuelPositive’s Chief Impact Officer, stated, “NICCEE recognition highlights our innovative technology and commitment to responsible Green Ammonia use, showcasing FuelPositive's holistic approach to mitigating and eliminating all agricultural greenhouse gas emissions. The work that NICCEE is doing is vital to addressing one of the planet's most volatile greenhouse gas emissions. It is a critical and timely undertaking.”
Carbon Credits:
FuelPositive is developing a cutting-edge method to collect carbon credits in real-time while also focusing on the emission-free combustion of Green Ammonia.
This monetization method will be linked to real-time trading platforms, allowing FuelPositive to help offset its customer’s operational and capital costs. The company aims to help farmers profit from producing Green Ammonia on their farms faster.
Andre Mech, FuelPositive’s Advisor for Carbon Credits and Emissions Reduction, stated, "FuelPositive’s Green Ammonia production system is an excellent example of what carbon credit legislation aims to promote. With zero emissions across Scope 1, 2, and 3, a decentralized on-farm system from FuelPositive will maximize carbon credit value within any jurisdiction."
Finances:
FuelPositive has secured an additional $550,000 in the final tranche of its current financing, which is expected to close in the next several days. This brings the total raised in this placement to $1,900,000.
Despite prevailing global challenges in the public markets, FuelPositive remains resilient. This financing will give the company essential funding for final testing, intellectual property advancements, and growth plans.
Ian Clifford, FuelPositive’s CEO, stated, "Our transition to revenue is imminent. We've invested considerable time to reach this point and are deeply grateful for the patience and support of our stakeholders. As we defy skeptics, break new ground, and establish a whole new sector, we recognize the unprecedented position we hold today. Our journey owes much to the trust and confidence of both new and long-standing investors and shareholders. We’re looking forward to our upcoming successes and sharing the rewards with our shareholders."
About FuelPositive Corporation
FuelPositive Corporation is at the forefront of Canadian technology and is committed to delivering sustainable, environmentally responsible Green Ammonia solutions. Our innovative approach includes on-farm/on-site, containerized Green Ammonia production systems, effectively eliminating carbon emissions.
Our commercial Green Ammonia systems are versatile, serving multiple applications, including fertilizer for farming, fuel for grain drying, internal combustion engines, and hydrogen storage for fuel cells and other sectors.
Our main customer base consists of farmers, who currently utilize 80% of the global ammonia production. We address their nitrogen fertilizer needs while advocating for environmental change.
Our Canadian company leverages Canada's expertise in technology and environmental stewardship to empower communities worldwide against food insecurity. We're shaping a more resilient future for generations through collaboration and innovation.
FuelPositive: Fuel for a Mindful World.
See Sales details here: https://fuelpositive.com/sales/.
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
mailto://investors@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
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