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 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 CliffordChief Executive Officer and Board
ChairIan@fuelpositive.comTel: 416.535.8395www.fuelpositive.com
Logan RossSenior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.lross@counselpa.comTel:
204.720.3662www.counselpa.com
Investor Relations United States & International:RB
Milestone Group (RBMG)fuelpositive@rbmilestone.com
Investor Relations Canada:Transcend
Capitalet@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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