AMMPOWER CORP - AMMPF STOCK NEWS

AmmPower Corp. has launched iamm.green, a dedicated website for the sales of its IAMM™ agricultural units, which produce 4 tons of green ammonia daily. The company recently completed a prototype and expects to initiate sales in Q1 2023. The IAMM™ technology aims to disrupt the fertilizer market by enabling on-site production of carbon-free ammonia, eliminating reliance on fossil fuels. The website will facilitate direct purchases and provide detailed information on pricing and carbon credits, signaling a significant step towards eco-friendly fertilizer solutions.

AmmPower Corp. (CSE:AMMP, OTCQB:AMMPF) will participate in the 2022 H.C. Wainwright Global Investment Conference from May 23-26, 2022, in Miami, Florida. The conference will focus on several sectors including Cleantech, featuring a presentation by Energy Systems Engineer Elina Agarwal on May 25 at 11:00am, discussing the potential of green ammonia in agriculture. AmmPower aims to establish investor relationships while showcasing its IAMM™ demonstration unit. President Rene Bharti emphasizes the significance of the conference for presenting the company's green energy initiatives.

AmmPower Corp. announced the successful operation of its IAMM™ (Independent Ammonia Making Machine) demonstration unit, producing its first ammonia on May 16, 2022. This milestone, described as a TRL 6 event, validates their technology and approach to modularization. The company plans to scale up to a 4 metric ton per day unit targeting agricultural ammonia distribution, with first deliveries expected in Q1 2023. AmmPower is currently pursuing patent submissions for the IAMM™ process and has identified strong interest in their green ammonia production technology.

AmmPower Corp. announced the appointment of Christopher Lilla as Chief Financial Officer and member of the Board of Directors, effective May 1, 2022. Mr. Lilla brings 20 years of financial experience from global automotive suppliers and has held key positions at Mobex Global and Joyson Safety Systems. His appointment follows the resignation of Faizaan Lalani from the same roles. Dr. Benninger, CEO, expressed confidence in Lilla's strategic and financial expertise to drive growth in green ammonia solutions.

AmmPower Corp. has successfully completed a business trip to Porto Central in Brazil, where its CEO and President focused on establishing partnerships for a green ammonia facility. The site in Espírito Santo is strategically positioned for renewable energy projects, potentially bolstering global green hydrogen and ammonia production. The visit included discussions with local business leaders and government officials, highlighting the importance of Porto Central as a future green energy hub. The facility aims to utilize renewable wind and solar energy, addressing both local and international energy demands.

AmmPower Corp. recently conducted a site visit to Ireland to explore potential partnerships for its green ammonia technology. Executives, including President Rene Bharti, emphasized Ireland's capacity for renewable energy production, particularly wind power, with estimates suggesting over 40 gigawatts of clean energy can be generated. The company aims to leverage these opportunities to establish a significant presence in green ammonia production, supporting Ireland's potential as a leading green energy exporter in Europe.

AmmPower Corp. (CSE: AMMP, OTCQB: AMMPF, FSE: 601A) has successfully completed a private placement, raising approximately C$3,000,000 from a U.S. institutional investor. A total of 7,142,858 units were issued at C$0.42 per unit, each composed of one common share and a warrant for an additional share at C$0.52, valid until February 16, 2027. The funds will be allocated for research, product development, and general working capital. H.C. Wainwright & Co. acted as the exclusive placement agent, earning an 8% commission plus compensation warrants.

AmmPower Corp. (CSE: AMMP, OTCQB: AMMPF) has announced the development of its IAMM green ammonia production unit, targeting a production capacity of 4 metric tons per day. The units will cater to independent distributors and retailers of anhydrous ammonia, with pricing expected between $3 million and $3.5 million. The company is currently assembling a demonstration unit with a capacity of 50 kilograms per day. AmmPower’s innovative approach aims to alleviate logistical supply issues for ammonia distributors.

AmmPower Corp. (OTCQB: AMMPF) has signed a Letter of Intent with the Port of South Louisiana (PoSL) to explore developing a green hydrogen/ammonia facility. PoSL, the largest tonnage port in the Western Hemisphere, will collaborate with AmmPower to assess the feasibility of the project, which aims to produce and distribute green ammonia as a carbon-free fuel. The estimated cost exceeds $1 billion, with a construction timeline of approximately 39 months following a construction decision. Both parties will allocate staff to this initiative, and a feasibility study is currently in progress.