FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, is reporting an update on several notable actions, including the closing of the first tranche of a private placement, Manitoba on-farm installations, the appointment of Michael Heslin as the company’s new director of sales, and significant progress in government and stakeholder relations activities at both federal and provincial levels focused on building state-of-the-art mass-production manufacturing facilities in Manitoba. “We are thrilled to announce the participation of several new strategic investors, smart Canadian agriculture leaders, and Manitoba-based precision agriculture farmers,” said FuelPositive cofounder and CEO Ian Clifford in the press release. “Tech-savvy and environmentally conscious, these farmers understand how FuelPositive on-farm precision agriculture solutions can not only help them address environmental imperatives like climate change, but it can also help them meet Canada’s GHG emissions targets. Most importantly, it protects them from fertilizer and fuel cost and supply uncertainties. Farmers love how FuelPositive technology offers them stability and predictability allowing for a more sustainable business model. We are thrilled that farmers are excited about our technology and the control it gives them. Specifically, Manitoba farmers took time out of their busy schedules to participate in this private placement. Thanks to these new farmer shareholders, today we conclude the first tranche of our active private placement. It’s significant that farmers directly support FuelPositive agricultural technologies as it underscores the potential value for Manitoba farmers and farmers globally.”
To view the full press release, visit https://ibn.fm/qh88C
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 its 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, who use 80% of the traditional grey ammonia produced today as fertilizer. For more information about the company, visit www.FuelPositive.com.
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