FuelPositive Reports Progress on Manitoba System and Government Funding Discussions
Final on-site work is now underway. Engineering partner Stantec and electrical and mechanical partner Wescan are completing the last system adaptations to meet Manitoba Hydro's requirements. These include targeted refinements in designated hazardous zones to ensure compliance with all relevant electrical and safety regulations. Inspections and certifications by Intertek and Manitoba Hydro are expected to follow pending confirmation of the next phase of operational funding.
In parallel, FuelPositive is in advanced discussions with two provincial and one federal government body for both non-dilutive and strategic equity funding. These high-level negotiations are progressing well, and the Company anticipates greater clarity in the near term, aligned with its long-term commercialization goals.
Additional funding through the Agricultural Clean Technology Program (ACTP) is also expected in the coming weeks. While non-dilutive funding remains the company's clear priority, FuelPositive is prepared to pursue complementary options to stay on track and maintain its first-mover advantage.
"Non-dilutive financing is always our preference," said Ian Clifford , Co-Founder and CEO of FuelPositive. "That said, we're open to aligned equity participation, especially when it helps us deliver faster. Our focus is securing the right capital to meet our commitments to Manitoba farmers and our shareholders."
FuelPositive continues to receive direct support from Manitoba farmers, who have shown strong interest in future system purchases following the successful launch of the first unit.
With deployment now within reach, the company remains focused on moving quickly and effectively.
"We're in the final stretch," Clifford added. "Momentum is building and we're pushing forward for Canadian farmers and a cleaner, more resilient agricultural future."
Further updates on certification and funding will follow shortly.
About FuelPositive:
Groundbreaking AgTech and Green Energy:
FuelPositive's containerized Green Ammonia systems are redefining the ammonia industry by decentralizing production and placing control directly in the hands of farmers. This innovative model enables on-site generation of green nitrogen fertilizer and carbon-free fuel, reducing dependence on volatile supply chains and pricing. Each ton of ammonia produced by a FuelPositive system eliminates up to 2 tons of CO₂e emissions, offering both environmental and economic advantages. Designed for simplicity, reliability, and remote monitoring, the systems integrate seamlessly into farm operations, enabling farmers to produce what they need and when they need it, without added complexity.
Built in Canada , Designed for Farmers
The FP300 demonstration system, installed on an 11,000-acre grain farm in Sperling, Manitoba , is designed to produce 100 metric tonnes of Green Ammonia annually. This system serves as the foundation for the FP1500 commercial system, which has an annual output of 500 metric tonnes and is designed to support farms of approximately 10,000 acres. Powered by Manitoba's clean hydroelectricity, the system produces carbon-free ammonia on demand and provides a decentralized , cost-effective alternative to fossil-fuel-based fertilizers and fuels.
First System Delivery: A Milestone in Sustainable Agriculture:
In June 2024, FuelPositive delivered its first commercial demonstration system, the FP300, to Tracy and Curtis Hiebert's 11,000-acre grain farm near Sperling, Manitoba . This milestone marks a major advancement for both the Company and the future of sustainable agriculture. The upcoming system activation will further highlight the transformative impact of FuelPositive's technology on farming practices, supporting a more resilient and sustainable food system.
Manitoba : A Global Center of Excellence:
FuelPositive is positioning Manitoba at the forefront of decentralized Green Ammonia production. With a bold vision to establish a world-leading manufacturing hub in the province, the Company is set to drive economic growth, create high-value jobs in engineering, science, and skilled trades, and transform Manitoba into a global centre of excellence for sustainable agriculture and clean technology.
FuelPositive Corporation is located in Ontario and Manitoba ( Canada ) and trades on the TSX Venture Exchange under the symbol NHHH, as well as on the OTCQB in the USA 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
12 minutes ago
- National Post
CUPE : Air Canada Flight Attendants Stage National Day of Action to End Unpaid Work and Win a Fair Contract
Article content TORONTO — Air Canada flight attendants staged a national day of action at airports across Canada on Monday, to highlight the rampant abuse of unpaid work in the airline industry, and the need for a fair contract. Article content The flight attendants, represented by the Canadian Union of Public Employees (CUPE), recently authorized their union to take strike action, in a near unanimous vote, in their current round of negotiations with Air Canada if a contract cannot be reached that addresses unpaid labour and poverty wages for junior flight attendants, in particular. Article content 'There is very clear path for Air Canada to avoid job action: pay your workers when they're on the clock, and pay them a wage that allows them to live and work in dignity. That isn't an unreasonable ask,' said Wesley Lesosky, President of the Air Canada Component of CUPE which represents over 10,000 flight attendants across the country. Article content 'We're proud to put on this uniform and help keep the public safe on their journey, but the days of us doing it for free or for poverty wages must end.' Article content 'Air Canada flight attendants from coast to coast came together today to stand up for each other, and for the pride and dignity of this profession. We're standing together for respect and a fair contract that matches to the professionalism and dedication we bring to work every day.' Article content The latest round of bargaining comes at the end of a 10-year contract which expired on March 31, 2025. Flight attendants have been crushed by inflation and rising costs over the life of the contract. Junior flight attendants who work full-time and earn just $1,952 per month before taxes are bearing the worst. Meanwhile, all flight attendants put in hours and hours of unpaid work every week performing critical safety-related duties, as well as boarding, deplaning, and attending to emergencies onboard. Article content 'Air Canada has posted billions in profits in the past few years, they can afford to pay their workers fairly without adding new costs for the public,' added Lesosky. Article content The two sides currently remain at the bargaining table and the union remains optimistic that Air Canada will recognize the important role that their flight attendants – who have been voted Best Cabin Crew in North America by SkyTrax for several years in a row – play in making it such a profitable company. Air Canada has an opportunity to set an example in the airline industry by ending unpaid work and ending poverty wages for junior flight attendants. Article content Article content Article content Article content
CTV News
41 minutes ago
- CTV News
National Capital Commission and Ottawa Senators sign agreement on purchase of land at LeBreton Flats
The National Capital Commission (NCC) has announced it has signed an agreement with the Ottawa Senators for the purchase and sale of approximately 11 acres of land at LeBreton Flats. The NCC says the agreement with Capital Sports Development Inc. is a key step in bringing a major events centre and arena district, including mixed-use development, to the area. 'With the agreement of purchase and sale finalized, both parties can proceed with next steps in the project,' the NCC and the Senators said Monday in a joint statement. 'These include zoning, design and approvals, as well as decontamination of the land parcels to prepare for construction.' Distance to LeBreton Flats from Parliament Hill The new arena at LeBreton Flats would be situated much closer to downtown Ottawa. Canadian Tire Centre is 27.1 km from Parliament Hill whereas LeBreton Flats is only 2.1 km away. The Senators and the NCC initially reached a memorandum of understanding in June 2022 to develop a new event centre along Albert Street, between Preston Street and City Centre Avenue. Michael Andlauer and his group purchased the Senators in September 2023, and the NCC extended the memorandum of understanding to September 2024 to allow for negotiations with the new ownership group. The NCC and the group representing the Ottawa Senators announced an agreement in principle last September regarding the sale of land at LeBreton Flats, with the ultimate goal of bringing an NHL arena to the site, along with other development. The two sides have been in negotiations for nearly a year. 'The promise of a major events centre will provide a lively and convenient attraction for residents and visitors, inject new energy and excitement into the core of the Nation's Capital and further catalyze the development of LeBreton Flats,' said NCC CEO Tobi Nussbaum in a news release. 'This agreement builds on the two previous real estate transactions completed by the NCC since 2022 on the Building LeBreton project that will see over 2000 new housing units along with new retail and commercial spaces built on the site.' Senators rink A rendering of what a new Ottawa Senators arena on LeBreton Flats could look like. (Capital Sports Development Inc.) No details about the agreement have been disclosed. 'We are pleased to reach an agreement of purchase and sale with the NCC to take the next step in this process,' said Ottawa Senators President and CEO Cyril Leeder in a news release. 'There are still many more hurdles to clear and we look forward to working with the NCC and other stakeholders to achieve our shared vision of creating an event centre at LeBreton Flats that can be enjoyed by our Ottawa-Gatineau community.' Leeder said earlier this year that fans could start to see progress at LeBreton Flats over the next few years, but could still be several years before the Senators drop the puck for the first game at a new arena.
CTV News
41 minutes ago
- CTV News
Dozens properties remain to be liquidated in massive northern Ont. real estate selloff
Of the remaining properties, 26 are in Sault Ste. Marie, 21 are in Timmins, four are in Sudbury and three are in other communities in the north. (File) Just 54 of the 407 residential properties involved in a major real estate bankruptcy process in northern Ontario still have to be sold. That's the latest update from KSV Restructuring, the firm monitoring the insolvency proceedings of the firms involved under the Companies' Creditors Arrangement Act (CCAA). Timmins drug den A vacant building demolished in Timmins last year was owned by an insolvent real estate company that owns properties across northern Ontario, court documents show. (CTV News file photo) Of the remaining properties, 26 are in Sault Ste. Marie, 21 are in Timmins, four are in Sudbury and three are in other communities in the north. The original insolvency involved a group of 11 companies with names like 'Happy Gilmore Incorporated' and 'The Pink Flamingo,' whose accumulated debts were initially reported as $144 million, but were reassessed by KSV at just more than $90 million. The companies owned 631 residential units in 407 properties, mainly across northern Ontario, some with and without tenants on leases. Questionable business practices Their business model was to buy distressed properties, renovate them and then rent them out at a profit. However, it emerged during the CCAA process that the owners took part in many questionable practices leading up to the insolvency declaration in January 2024. That included purchases of luxury items, trips and payments of large dividends when the companies weren't profitable. Some properties used as security for loans already had existing mortgages on them. Secured creditors -- mostly investors holding first mortgages -- took ownership of 323 of the properties in late 2024, with the remaining 'liquidation portfolio properties' to be sold on the open market. In the last few months, 32 of those properties have been liquidated, bringing the remaining to be sold down to 54, representing a total of 80 units. Out of the total, 39 of the units are unoccupied. 'The net sale proceeds generated from the sold properties total approximately $3.3 million,' KSV said in its latest update. 'These sale proceeds are net of real estate commissions, property tax arrears and other closing costs.' Don't want to flood the market To avoid flooding the market, new listings are added as others are sold. In addition to an update on the properties, KSV has also received approval from the court to have Viscount Capital assigned the core claim involving nine of the corporations involved in the real estate insolvency. KSV started legal proceedings in May of this year against nine of the corporations involved in the insolvency. However, it doesn't have the resources to pursue the claim. A Superior Court of Justice ruling on July 28 approved Viscount's takeover of the legal claim against the corporations. Should it manage to receive any further money from the lawsuit, it will be entitled first to recover its out-of-pocket expenses associated with the court case, then up to $1 million that it is owed by a creditor in the case. Any money recovered above those amounts will go to the unsecured creditors. The court also agreed to extend the 'stay period' – the time limit to complete the CCAA process – from Aug. 31 of this year to Jan. 31, 2026. Read the latest KSV Restructuring report here.
