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There were nine trades in the US OTC today, the last at 2:59 p.m., so there is no halt like there is in Canada.
NEWS -- FuelPositive Provides Update on Filing of Annual Financial Statements and Cease Trade Order
TORONTO, Feb. 4, 2025 /CNW/ - FuelPositive Corporation (TSXV: NHHH) (OTCQB: NHHHF) ("FuelPositive" or the "Company") provides an update on its financial reporting and regulatory status. The Company is actively working with its auditors to complete the required annual financial statements and accompanying management's discussion and analysis for the fiscal year of September 30, 2024.
The filing deadline of January 28, 2025, was not met due to the restructuring of FuelPositive's financial team and Board of Directors, which required additional time to transition financial reporting responsibilities and associated analysis. Additionally, unforeseen delays from a third-party accounting firm, engaged before the restructuring to assist the auditors, further extended the timeline. While this caused a temporary delay, it does not reflect any operational concerns—FuelPositive remains fully operational and focused on its core business objectives.
As a result of the missed deadline, the Ontario Securities Commission (OSC) issued a Cease Trade Order (CTO) on February 3, 2025. However, FuelPositive's auditors expect to finalize the audit and the Company will submit the necessary filings on or before February 21, 2025. The Company is committed to working closely with regulatory authorities, including the OSC and TSX Venture Exchange, to have the CTO lifted as quickly as possible once the filings are complete.
Despite this administrative delay, FuelPositive remains steadfast in advancing toward commercialization. The Company is making significant progress toward activating its first on-farm Green Ammonia system in Sperling, Manitoba. This milestone will demonstrate the commercial viability and real-world impact of its technology. Regulatory and system readiness are on track, ensuring a smooth transition to this next critical phase.
Additionally, FuelPositive is actively engaged in capital-raising initiatives and discussions with the Government of Manitoba to secure key support for expansion in the province. These efforts aim to accelerate the development and manufacturing of its Green Ammonia technology, create high-value clean economy jobs, and provide farmers with greater resilience and energy independence.
FuelPositive remains dedicated to delivering long-term value to its shareholders and will provide further updates in the coming weeks as the audit process is finalized and the Company moves forward with its strategic milestones.
FuelPositive Corporation
FuelPositive is leading the future of agriculture with the world's first farmer-owned, on-farm Green Ammonia production systems. The Company's modular and innovative technology offers a predictable, reliable, and affordable solution for directly producing green fertilizer and fuel on-farm, reducing reliance on external supply chains.
Groundbreaking AgTech and Green Energy:
FuelPositive's containerized Green Ammonia production systems are transforming the Green Ammonia industry by decentralizing production. This new fertilizer production approach aims to empower farmers to generate green nitrogen fertilizer and carbon-free fuel on-site, ensuring stable costs and supply. Each ton of ammonia produced by FuelPositive systems eliminates up to 2 tons of CO2e emissions, providing an environmentally sustainable solution that is also easily accessible and remotely monitored, enabling farmers to focus on their operations without added complexity.
First System Delivery: A Milestone in Sustainable Agriculture:
In June 2024, FuelPositive delivered its first commercial system, the FP300, to Tracy and Curtis Hiebert's 11,000-acre grain farm near Sperling, Manitoba. This milestone marks a significant advancement for both FuelPositive and sustainable agriculture. The system activation this fall will further demonstrate the transformative impact of the Company's technology on farming practices, driving a more sustainable future.
Manitoba: A Global Center of Excellence:
FuelPositive is positioning Manitoba as a leader in decentralized Green Ammonia production. The Company's vision includes establishing a world-leading manufacturing hub that will generate highly skilled engineering, science, and trade jobs and contribute to the local economy over the coming years.
See sales details here: https://fuelpositive.com/sales/.
FuelPositive Corporation is based in Ontario and Manitoba (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
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 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 to provide 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.
SOURCE FuelPositive Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/04/c3070.html
NEWS -- FuelPositive Revises Date for Annual General Meeting
WINNIPEG, MB, Jan. 15, 2025 /CNW/ - FuelPositive Corporation (the "Company" or "FuelPositive") (TSXV: NHHH) (OTCQB: NHHHF) today announced that due to end-of-year logistical considerations, the Board of Directors has revised the date for the company's Annual General Meeting (AGM). The AGM will now be held on Tuesday, March 18, 2025, at 4:00 PM Eastern Time.
The AGM will be conducted virtually, ensuring accessibility for all shareholders. Shareholders are invited to send any questions they would like addressed during the management update part of the meeting. Questions can be submitted in advance via email to the Company at mailto://info@fuelpositive.com.
FuelPositive stays committed to keeping its shareholders informed and engaged. Further details, including access instructions for the virtual AGM, will be provided in a management information circular to be distributed to shareholders of record closer to the meeting date.
Debt Settlement
The Company also announces that it will settle outstanding indebtedness (the "Indebtedness") totaling US$50,000 through the issuance of 2,394,167 units (each, a "Unit") at a deemed price of $0.03 per Unit. The Indebtedness is owing by the Company to an arm's-length service provider.
Each Unit consists of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant will be exercisable at a price of $0.05 for a period of sixty months, provided that in the event the ten-day volume-weighted average closing price of the common shares of the Company on the TSX Venture Exchange exceeds $0.40, the Company will have the right to accelerate the expiry of the Warrants.
All securities issued in connection with the debt settlement will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws.
The Company also notes that it continues to actively advance the non-brokered private placement of up to 26,666,667 Units at a price of $0.03 per Unit, and as well as the settlement of additional indebtedness totaling $278,940.51 through the issuance of 9,298,017 Units at a deemed price of $0.03 per Unit, as previously announced on December 4, 2024. Completion of the private placement and the debt settlement remain subject to the approval of the TSX Venture Exchange.
About FuelPositive Corporation
FuelPositive is leading the future of agriculture with the world's first farmer-owned, on-farm Green Ammonia production systems. The Company's modular and innovative technology offers a predictable, reliable, and affordable solution for directly producing green fertilizer and fuel on-farm, reducing reliance on external supply chains.
Groundbreaking AgTech and Green Energy:
FuelPositive's containerized Green Ammonia production systems are transforming the Green Ammonia industry by decentralizing production. This new fertilizer production approach aims to empower farmers to generate green nitrogen fertilizer and carbon-free fuel on-site, ensuring stable costs and supply. Each ton of ammonia produced by FuelPositive systems eliminates up to 2 tons of CO2e emissions, providing an environmentally sustainable solution that is also easily accessible and remotely monitored, enabling farmers to focus on their operations without added complexity.
First System Delivery: A Milestone in Sustainable Agriculture:
In June 2024, FuelPositive delivered its first commercial system, the FP300, to Tracy and Curtis Hiebert's 11,000-acre grain farm near Sperling, Manitoba. This milestone marks a significant advancement for both FuelPositive and sustainable agriculture. The system activation this fall will further demonstrate the transformative impact of the Company's technology on farming practices, driving a more sustainable future.
Manitoba: A Global Center of Excellence:
FuelPositive is positioning Manitoba as a leader in decentralized Green Ammonia production. The Company's vision includes establishing a world-leading manufacturing hub that will generate highly skilled engineering, science, and trade jobs and contribute to the local economy over the coming years.
See sales details here: https://fuelpositive.com/sales/.
FuelPositive Corporation is based in Ontario and Manitoba (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
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 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 to provide 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.
SOURCE FuelPositive Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/15/c0945.html
NEWS -- FuelPositive Announces Strategic Private Placement Investment, Debt Settlement and Progress in Manitoba
WINNIPEG, MB, Dec. 4, 2024 /CNW/ - FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the "Company") is pleased to announce a new financing (terms outlined below) which will enable the Company to advance towards the activation of its first system and the commencement of revenue generation. This funding, with existing commitments from a dedicated long-term shareholder and new investors, including Manitoba-based farmers, will allow the Company to complete the final phase of pressure vessel certification, secure third-party engineering certifications, and move forward with the final step: connecting the system to Manitoba's green grid.
"The unwavering support from our investors has been instrumental in driving us closer to realizing our vision for the future of sustainable agriculture," stated Ian Clifford, Co-Founder, CEO and Board Chair of FuelPositive. "This milestone highlights the transformative potential of our technology to address key challenges in farming, energy sustainability, and beyond."
FuelPositive is also actively applying for significant provincial funding in Manitoba to cover the remaining activation costs and help transition the Company into revenue generation. In connection with the application, the founders have engaged a diverse network of supporters across government, academia, farming, and the agricultural industry, receiving many endorsements from leading experts and farmers across Canada. These collaborations underscore FuelPositive's innovative system's broad appeal and ability to contribute to sustainable development, clean energy adoption, and global food security.
The Company remains dedicated to its mission of delivering groundbreaking solutions. It is grateful for its stakeholders' continued confidence and backing, who have played a pivotal role in bringing this revolutionary technology to life.
Terms of the Offering:
FuelPositive Corporation will offer (the "Offering") up to 26,666,667 units (each, a "Unit") by way non-brokered private placement at a price of $0.03 per Unit for gross proceeds of up to $800,000. Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant will be exercisable at a price of $0.05 for a period of sixty months, provided that in the event the ten-day volume-weighted average closing price of the common shares of the Company on the TSX Venture Exchange exceeds $0.40, the Company will have the right to accelerate the expiry of the Warrants.
The Company has received initial commitments of over $300,000 for the Offering and expects to complete the offering on or before December 31, 2024. The Company intends to utilize the gross proceeds from the Offering to address current outstanding payables incurred in the ordinary course of business and to provide working capital to sustain operations and bring the Manitoba-based system to activation. Except for compensation to directors and officers of the Company in the ordinary course of business, the Company does not anticipate any portion of the proceeds of the Offering will be utilized for payments to non-arms-length parties or persons engaged in investor relations activities.
The Company also announces that it will settle (the "Debt Settlement") outstanding indebtedness totaling $278,940.51 through the issuance of a further 9,298,017 Units at a deemed price of $0.03 per Unit. The Indebtedness is owing by the Company to certain arms-length suppliers and was incurred in connection with the ongoing operations of the Company.
All securities issued in connection with the Offering and the Debt Settlement will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. 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 Offering. Completion of the Offering and the Debt Settlement remain subject to the approval of the TSX Venture Exchange.
About FuelPositive Corporation
FuelPositive is leading the future of agriculture with the world's first farmer-owned, on-farm Green Ammonia production systems. The Company's modular and innovative technology offers a predictable, reliable, and affordable solution for directly producing green fertilizer and fuel on-farm, reducing reliance on external supply chains.
Groundbreaking AgTech and Green Energy:
FuelPositive's containerized Green Ammonia production systems are transforming the Green Ammonia industry by decentralizing production. This new fertilizer production approach aims to empower farmers to generate green nitrogen fertilizer and carbon-free fuel on-site, ensuring stable costs and supply. Each ton of ammonia produced by FuelPositive systems eliminates up to 2 tons of CO2e emissions, providing an environmentally sustainable solution that is also easily accessible and remotely monitored, enabling farmers to focus on their operations without added complexity.
First System Delivery: A Milestone in Sustainable Agriculture:
In June 2024, FuelPositive delivered its first commercial system, the FP300, to Tracy and Curtis Hiebert's 11,000-acre grain farm near Sperling, Manitoba. This milestone marks a significant advancement for both FuelPositive and sustainable agriculture. The system activation this fall will further demonstrate the transformative impact of the Company's technology on farming practices, driving a more sustainable future.
Manitoba: A Global Center of Excellence:
FuelPositive is positioning Manitoba as a leader in decentralized Green Ammonia production. The Company's vision includes establishing a world-leading manufacturing hub that will generate highly skilled engineering, science, and trade jobs and contribute to the local economy over the coming years.
See sales details here: https://fuelpositive.com/sales/.
FuelPositive Corporation is based in Ontario and Manitoba (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
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 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 to provide 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.
SOURCE FuelPositive Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/04/c5908.html
Dear MDB
Sent my follow-up email on November 2, 2024. Still no reply. Looks like a stonewall has formed. Maybe real trouble. USA election will have a major impact on Green New Deal projects. Lots of grey Ammonia production on the horizon.
Dear Mr. Clifford,
I am a stockholder in your company and have been waiting for an announcement the pilot farm system has begun operations on commercial power. Your September news release is vague on two areas. I respectfully request you clarify the areas. They are:
1. You state the QPS certification will be completed once additional capital is secured. Who does this apply to? QPS or Fuelpositive?
2. You state it will take three weeks for QPS to complete the certification. Has that effort begun/completed.
I would appreciate your reply as soon as possible. Thank you.
Regards
1,376,230 shares 
:-O
Dine needs to retire!
Mrs Kim needs to have a Maserati!
Let's go to a dollar please!
NEWS -- FuelPositive Welcomes New Visionary Board to Lead Company into a Bold Future
https://www.newswire.ca/news-releases/fuelpositive-welcomes-new-visionary-board-to-lead-company-into-a-bold-future-849499763.html
I read that too. The last Pr apparently separates the installation of *power and the actual permission to use the power from the Green Grid. Before I go on. FP Pr's are over detailed yet not clear. They are then exacerbated by their not making the timelines they forecast. I am long here but their Pr's are a big part of the reason the share price drops with each one they issue. In short They Suck. But back to the claim of completed work. IMO they are referring to the hardware installation. Which means the wiring, transformers and other items are installed. To activate the link to Manitoba's grid they still need to pass a couple certification items. From 9-25 Pr: "Linking the FuelPositive system to the grid is the final step before activation, which will occur once Manitoba Hydro approves the individual certification of each system container on-site."
Note that this is the step after securing the permit which was my last post. Per their Pr the permit should have been granted over a week ago by their estimates. And again they have been using temporary power for the permit process and they can continue to do so. So with a permit they should be able to claim a functioning FP 300 on site, Just not connected to the Manitoba green grid yet. That will happen later. This IMO is almost where we want to be and the Company plans to start marketing hard per their Pr "Once the permit is secured, FuelPositive will promptly announce this significant milestone to shareholders, marking not only a major step forward toward the activation of the system, but also one of the final steps in the process, bringing the Company closer to its next phase of growth."
In short IMO any day now... We are over due for Permit announcement and subsequent SP appreciation. DYODD
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