AmmPower Corp. Appoints Rene Bharti as President and Board Member

Rhea-AI Summary

AmmPower Corp. has appointed Rene Bharti as President and Board Member. Bharti, a co-founder, has extensive experience, having raised over $500 million and worked with several successful companies. His past includes significant roles in the mining sector and technology startups like ARHT Media. CEO Gary Benninger emphasized Bharti's strategic importance at this growth stage, aiming to leverage partnerships and reach business objectives. AmmPower is focused on clean energy, particularly through lithium exploration and developing green ammonia technology.

Positive

• Rene Bharti's appointment brings a wealth of experience in raising capital and business development.
• Bharti's leadership is expected to strengthen strategic partnerships and enhance growth opportunities.

Negative

• Concerns about continuity given the management change, which may affect team dynamics and business plans.

VANCOUVER, BC / ACCESSWIRE / May 5, 2021 / AmmPower Corp. (CSE:AMMP)(OTCQB:AMMPF)(FRA:601A) (the "Company" or "AmmPower"), announces the appointment of Rene Bharti as President and Board Member. Mr. Bharti has been fundamental in the development of the Company's technology and continues to work diligently in execution of AmmPowers business objectives.

Rene Bharti commented, "I am excited to bring my experience from building many successful companies to aid the team at AmmPower. As a co-founder I strongly believe in the technology and the team we have assembled, I look forward to working with the team as we grow."

Over the past 25 years, Mr. Bharti has played vital roles in companies in both the private and public sectors. Mr. Bharti began his career working in the mining industry, culminating in his role with start-up Avion Gold Corp., a West African gold company that was eventually sold for $300 million to Endeavour Mining. Subsequently, Mr. Bharti founded ARHT Media, a technology company currently trading on the Toronto Stock Exchange, and Future Fertility Inc., an Artificial Intelligence company in the biotech space. Mr. Bharti has been responsible for helping raise over $500 million for various ventures over the past two decades, often serving as a consultant with fundraising and subsequent IPO processes. In addition, Mr. Bharti has helped many companies streamline their business model to increase profitability and success. Mr. Bharti holds a Bachelor of Commerce (B.Comm- Honors), from Queens University.

"Mr. Bharti brings incredible skills and experience in business, mining and new technology development," said CEO, Gary Benninger. "At our current growth stage it is vital to have people like Rene to leverage his experience, onboard team members, and outreach to potential partners. I look forward to further developing our assets and expanding the business."

On Behalf of the Board of Directors
Gary Benninger
Chief Executive Officer

About AmmPower

AmmPower is a resource exploration company with an increasing focus on clean energy. The Company is based in Vancouver, BC and owns the Whabouchi South lithium exploration property located in the James Bay/Eeyou Istche region of Quebec and holds an option over the Titan Property located in the Klotz Lake area in Northwestern Ontario. In addition, together with its partner, ORF Technologies Inc., based in Toronto, Canada, the Company is working on the development of a proprietary solution to produce green ammonia and green hydrogen, and is also investigating revolutionary catalyst methods to react Nitrogen and Hydrogen together with the aim of creating 100% clean, and cost effective green, turquoise, and blue ammonia.

Investor Relations

604-398-3379
invest@ammpower.com

Forward-Looking Statements

This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to the expected timing of its name and ticker symbol changes. All statements within, other than statements of historical fact, are to be considered forward-looking. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved or disapproved the contents of this press release.

SOURCE: AmmPower Corp.

View source version on accesswire.com:
https://www.accesswire.com/644650/AmmPower-Corp-Appoints-Rene-Bharti-as-President-and-Board-Member

FAQ

What is the significance of Rene Bharti's appointment as President at AmmPower Corp?

Rene Bharti's appointment is significant as he brings extensive experience in business development, having successfully raised over $500 million and founded multiple companies.

How will Rene Bharti's experience impact AmmPower Corp's strategic goals?

Bharti's experience is expected to enhance AmmPower's ability to form strategic partnerships and achieve its clean energy objectives, particularly in lithium exploration and green ammonia production.

What background does Rene Bharti have that qualifies him for leadership at AmmPower Corp?

Bharti has a diverse background in business and technology, including successful roles in the mining sector and founding technology companies, which positions him well to lead AmmPower's initiatives.