Replies to post #899 on FuelPositive Corp (NHHHF)

[BlueSkyMining]

I'm a wee bit confused?! If Fuel Positive just signed an exclusive deal with Ontario University's NH3 development then, why did Hydrofuel just announce a similar exclusive deal with the same parties?

Hydrofuel and Ontario Tech University sign letter of intent to commercialize ammonia energy technologies
| Newswire, March 31, 2021

https://www.newswire.ca/news-releases/hydrofuel-and-ontario-tech-university-sign-letter-of-intent-to-commercialize-ammonia-energy-technologies-891543032.html

MISSISSAUGA, ON,March 31, 2021 /CNW/ - Hydrofuel Canada Inc. ("Hydrofuel") and Ontario Tech University have signed a letter of intent. This letter outlines an exclusive option to sponsor research projects and negotiate commercial rights to a specialized portfolio of ammonia-related technologies at Ontario Tech University. Hydrofuel has raised $500,000 in capital investments to support this initiative.

In addition to the $500,000 investment to support this initiative, Hydrofuel announced today [March 31, 2021] that it has closed a non-brokered private placement Offering for $1.3 Million.

Hydrofuel CEO, Greg Vezina noted, "Under the terms of the January 27, 2021 letter of intent outlining an exclusive option to sponsor ammonia related research projects at Ontario Tech University, Hydrofuel's investment of a minimum $500,000 (with or without matching government funding) will be used to begin negotiations with Ontario Tech University regarding the terms of an exclusive commercial license agreement."

Hydrofuel is committed to raising all the funds needed to commercialize several ammonia technologies along with any additional technologies developed as a result of working with Ontario Tech University.

New to observing this company so I would appreciate any insite...Thanks!