FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, announced that it has joined the Canadian Hydrogen and Fuel Cell Association (“CHFCA”). “Farmers use 80% of the traditional, highly polluting, grey ammonia produced today, and ammonia is a critical chemical in many other sectors. The possibility of producing green ammonia on-site for nitrogen fertilizers, fuel-switching and water purification – with no carbon emissions – is drawing attention globally. It can replace the grey ammonia in virtually all the traditional sectors, significantly reducing carbon emissions worldwide,” said Nelson Leite, chief operating officer and board member of FuelPositive. “On-site green hydrogen production is a key component of our system. FuelPositive is excited to join the CHFCA to bring us closer to the greatest minds focused on Canadian green hydrogen technologies!”
In addition, the company has set the deadline for completing its ongoing non-brokered private placement for Jan. 31, 2024. The offering consists of up to 90,909,090 units, each at a price of $0.055. Each unit consists 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. On Dec. 15, 2023, FuelPositive completed an initial tranche of the offering and issued 24,545,454 units for aggregate gross proceeds of $1,350,000.
To view the full press release, visit https://ibn.fm/L18Eh
About FuelPositive Corporation
FuelPositive is a Canadian technology company that delivers economical and sustainable clean technology solutions. FuelPositive strives to ensure that the 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. Farmers use 80% of the traditional grey ammonia produced today as fertilizer. See pre-sale details at https://fuelpositive.com/pre-sales.
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