FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, announced that it has completed the final tranche of its non-brokered private placement and has issued a further 31,443,069 units (each, a “unit”), each at a price of $0.065, for gross proceeds of $2,043,800. “We have successfully completed our financing, generating an overwhelming interest from our esteemed investor base,” said Ian Clifford, CEO and board chair of FuelPositive. “We thank our existing investors for their unwavering support, and we warmly welcome our new shareholders to join us on our journey. As we embark on the mission to transform and transition the green ammonia industry, this new capital will enable the company to reach commercialization. The next 12 months promise to be an exhilarating time for FuelPositive, and we are eager to share our progress with our valued shareholders. With our groundbreaking containerized green ammonia (‘NH3’) production system, FuelPositive is positioned to redefine the ammonia sector. I encourage everyone to stay tuned for news on the remarkable upcoming breakthroughs.”
To view the full press release, visit https://ibn.fm/COQB8
About FuelPositive Corporation
FuelPositive is a Canadian technology company committed to providing commercially viable and sustainable, “cradle to cradle,” clean technology solutions, including an on-farm/onsite, containerized green ammonia (“NH3”) production system that eliminates carbon emissions from the production of green ammonia. 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.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF
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