FuelPositive Corporation (TSXV: NHHH | OTCQB: NHHHF), a leader in clean technology solutions, recently announced a provisional patent for its Green Aqueous Ammonia add-on module systems, marking a significant milestone in its mission to revolutionize the agricultural industry. This innovative module allows farmers to produce Green Aqueous Ammonia fertilizer on-site, offering a cost-effective and environmentally friendly alternative to traditional methods. Chairman and CEO Ian Clifford highlighted the importance of this patent, stating that it “opens up our market globally dramatically” and sets the stage for future developments in sustainable agriculture.

FuelPositive is also making strides in delivering its first commercial system to a farm in Manitoba, with factory acceptance testing scheduled ahead of schedule in mid-April. The company’s focus on on-site production aims to eliminate carbon emissions and provide energy and fertilizer security for farmers. Selecting Manitoba as the initial location was strategic, given its abundant green electricity and large farming community eager for sustainable solutions. The company’s commitment to innovation is evident in its modular approach, which allows for customizable nitrogen concentrations and pH balances tailored to various agricultural needs. With plans for commercial production as early as next year, FuelPositive aims to meet the growing demand for environmentally friendly fertilizer solutions worldwide. As Chairman Clifford emphasized, “the world will need thousands and thousands of these systems,” highlighting the company’s ambitious goals for a greener future in agriculture.

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About FuelPositive Corporation

FuelPositive is a Canadian technology company dedicated to delivering commercially feasible and sustainable clean technology solutions that follow a circular approach, ensuring the entire lifecycle of our products is environmentally friendly. This includes an on-farm/onsite, containerized Green Ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.

By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green Ammonia is also considered a key enabler of the hydrogen economy.

FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security while eliminating carbon emissions from the production process. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer.

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Disclaimer: FuelPositive Corporation is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

It would be great to find a small but growing company that has potash fertilizer for food and lithium for batteries. For example, global leading potash and lithium producer Sociedad Quimica y Minera de Chile S.A (NYSE: SQM) now has a market cap of US$22.3 billion.

Today’s company has a potash resource and lithium potential, two of the most important materials in the modern world. Potash (plant or wood ash) is a critically important form of fertilizer used for global food production, and lithium has become the key green metal for the global energy transition.

Sage Potash Corp.

Sage Potash Corp. (TSXV: SAGE | OTCQB: SGPTF) (“Sage Potash”) is a Canadian company primarily focused on potash, but recently also turned their attention to lithium. Sage Potash holds private mineral leases located in the Paradox Basin in Utah, USA, that grant the Company exclusive rights to extract potash, lithium, and other saline minerals and resources. The Paradox Basin is known to host extensive undeveloped world class potash resources. Sage Potash’s new subsidiary is Sage Lithium Corp.

Sage Potash Corp’s portfolio of mineral leases within the southern part of the Paradox Basin in Southeast Utah, USA (small green, blue and brown shading)

Source: Sage Potash Corp. website

Sage Lithium Corp. (100% owned subsidiary of Sage Potash)

As announced on June 26, 2023, Sage Potash has formed a standalone 100% owned US subsidiary called Sage Lithium Corp. (“Sage Lithium”) for the purpose of exploring Sage Potash’s mineral leases for lithium and other soluble saline minerals. The announcement stated:

“Due to multi-commodity brines with high Li-K-Br analyses reported from historic oil and gas wells in the area, the Company is encouraged to explore additional potential revenue sources known to occur within the Paradox Basin. The primary objective of Sage Lithium will be to conduct testing for lithium and other soluble saline minerals within the existing brine hosting strata covered by Sage Potash’s private mineral lease portfolio. Sage Lithium will be operating in conjunction with its parent company, Sage Potash…….This strategic decision is grounded in the Company’s assessment of historical records derived from oil, gas and potash wells drilled in the Paradox Formation. The Company believes these records indicate a strong possibility of intersecting super-saturated brines (composed of up to 40% minerals and 60% water) containing a diverse range of valuable minerals, including lithium, bromine and potassium, in the Paradox Formation.”

The goal is to prove up a lithium (“Li”) and boron (“Br”) resource similar to nearby Anson Resources Limited (ASX: ASN | OTCQB: ANSNF) (530 MT indicated resource grading 123 ppm Li and 3,474 ppm Br) in the northern part of the Paradox Basin.

Sage Lithium intends to drill two exploration wells and concurrently sample, test, and analyze strata that are amenable to brine extraction for lithium, bromine and other soluble saline minerals.

Sage Potash’s land portfolio (potash resource and lithium potential)

Sage Potash’s land portfolio consists of nearly 90,000 acres of State and Private Mineral leases and BLM Prospecting Permit Applications. The portfolio lies within the Paradox Basin of Southeast Utah, USA.

Sage Potash already has a good sized resource on their property for their potash project (Sage Plain Project).

The Sage Plain Project Mineral Resource is:

• Inferred Resource for Upper Potash Bed, Cycle 18: 159.3 MMT, grading 26.96 % K₂O/42.67 % KCl
• Inferred Resource for Lower Potash Bed, Cycle 18: 120.2 MMT, grading 22.60 % K₂O/35.77% KCl

The next steps for Sage Potash with regards to their potash resource include preliminary engineering towards releasing a PEA, Feasibility Study, and pilot production.

Closing remarks

Sage Potash is still at the early stage with a lot of work ahead to develop their potash resource and explore for lithium and boron at their mineral leases located in the Paradox Basin, Utah, USA. If they can replicate the success of Anson Resources (market cap A$196 million) or even some of the success of SQM (market cap US$22.3 billion) investors will potentially be well rewarded. The usual mining risks apply, including exploration risk, funding and permitting risk in the USA. The Company is currently looking to raise C$1.5 million which should potentially be an easy ask given the potash, lithium, and boron potential; as well as the recent OTC listing.

Sage Potash Corp. trades on a market cap of only C$18 million. Exciting times for the Company and one to watch in 2023.

In this InvestorIntel interview, Tracy Weslosky talks with FuelPositive Corporation’s (TSXV: NHHH | OTCQB: NHHHF) Chairman and CEO Ian Clifford about the “disruptive nature” of their green ammonia production systems. By placing their systems onsite, Ian discusses how FuelPositive allows farmers and other end users to have a stable and independent supply of ammonia at a cost that is locked in for decades.

Ian goes on to explain how FuelPositive’s green ammonia production systems start to generate carbon credits as soon as they became operational. “FuelPositive owns those credits contractually”, Ian adds, “but we have the ability to utilize the value of those credits to help end users meet their operating targets and their return on investment targets as well.”

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About FuelPositive Corporation

FuelPositive is a Canadian technology company committed to providing commercially viable and sustainable, “cradle to cradle” clean technology solutions, including an on-farm/onsite, containerized Green Ammonia (NH3) production system that eliminates carbon emissions from the production of Green Ammonia.

By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green Ammonia is also considered a key enabler of the hydrogen economy.

FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security while eliminating carbon emissions from the production process. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer.

To know more about FuelPositive Corporation, click here

Disclaimer: FuelPositive Corporation is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

FuelPositive Corporation (TSXV: NHHH | OTCQB: NHHHF) is a Canadian company that has developed a ‘green ammonia’ production system that does not produce harmful emissions to the environment. ‘Green ammonia’ is the result of using both an emissions free system and an emissions free energy source such as hydro, solar, or wind.

Ammonia is a chemical mostly used globally for fertilizer, but current production methods produce ‘grey ammonia’ with harmful emissions for the environment. Ammonia can also be used as a fuel for vehicles instead of gasoline or hydrogen fuels and it can even be used for stationary energy storage. Green ammonia can also be considered a key enabler of the hydrogen economy.

More about Ammonia…

Ammonia is one of the most produced chemicals on the planet, with 200 million tonnes consumed annually. It is used in a wide range of industries, but most notably in the agricultural industry as a fertilizer. FuelPositive describes its importance stating:

“It is considered to be one of the four building blocks of modern society along with steel, cement and plastic.…..The problem is that the Haber-Bosch method, still used in massive fossil fuel-powered refineries, is one of the most emissions intensive manufacturing processes in the world. For every single metric tonne of traditional or grey ammonia produced globally, almost three metric tonnes of greenhouse gases are emitted.“

The number one use for green ammonia would be the agricultural industry as farmers use 80% of the traditional grey ammonia produced today as fertilizer. If farmers moved across to using green ammonia the climate benefits would be enormous. Farmers could use the FuelPositive green ammonia production system to produce their own fuel for their vehicles and machinery as well as to produce their own ammonia fertilizer.

FuelPositive’s green ammonia production system

FuelPositive’s green ammonia production system is an onsite, containerized system that takes air, water, and sustainable electricity and converts it into green ammonia. Importantly, FuelPositive uses green energy sources in their process. FuelPositive state:

“The system includes an electrolyzer to produce hydrogen from water, a nitrogen generator to produce the nitrogen from air, and a novel, patent-pending ammonia synthesis converter to produce Green Ammonia from the nitrogen and hydrogen.“

As long as there is a sustainable source of green electricity, a FuelPositive green ammonia production system can produce green ammonia 24 hours a day at any location. By building transportable systems using shipping container configurations, FuelPositive’s production systems can be set up on site.

FuelPositive’s green ammonia production system showing the three chambers (hydrogen separation, nitrogen extraction, ammonia synthesis reactor)

The initial base price of a system is C$950,000; however, this varies depending upon the customized system needed. Operating costs are expected to be approximately $560/tonne, depending on electricity costs. This compares favorably to grey ammonia prices.

FuelPositive’s estimated comparison of their green ammonia operating expenses (“OPEX”) compared to regular grey ammonia

FuelPositive’s engineering team has “kicked off the production of its first commercial systems” (source)

As announced on May 2, 2023, FuelPositive has been running the final commissioning, along with process optimization, of its FP300 system at its facility in Waterloo, Canada. FuelPositive also launched its latest model, the FP1500. It is a turnkey system that consists of a stack of FP300s in one solution, providing 1,500 kg per day of green ammonia. 

Regarding sales FuelPositive states:

“Multiple end-users in various sectors, including farms of 10,000+ acres, have indicated the immediate need of FuelPositive systems of this scale and configuration. The FP1500 will answer this larger scale, on-site need……The Company has successfully met its planned pre-sales capacity of 30 units and plans to deliver the first batch of commercial systems beginning in 2024. FuelPositive has already begun working with suppliers to ensure they are ready to scale up for the first production batch. This is expected to be the beginning of many announcements leading to revenue and profit generation within the first year of commercial production.”

Note: Bold emphasis by the author.

In more recent news FuelPositive announced a $7.5 million raise. FuelPositive Chairman and CEO, Ian Clifford, stated:

The Company’s pioneering green ammonia technology and decentralized business model holds immense potential to reshape the ammonia industry, fostering a greener future for generations to come.  The net proceeds from this financing will help ensure FuelPositive’s leadership and “first-mover” position in the multi-billion dollar sustainable and green ammonia industry.”

Key advantages of FuelPositive’s green ammonia production system over traditional grey ammonia production

Source: FuelPositive website

Closing remarks

Green ammonia makes a lot of sense. As a starting point, the chemicals sector is ripe for change from century old practices to produce ammonia that produce significant emissions. The agricultural sector can now take control by using FuelPositive’s green ammonia production system and depending on their energy source and cost, save on their operating expenses. Sounds like a win-win for the farmer and the environment!

FuelPositive trades on a market cap of C$34 million. Definitely, one to watch in 2023.

In my opinion, there are two key themes to consider when it comes to investing in natural resources (over and above profitability of course). The most prominent theme at present is the whole supply chain/security of supply issue that we see unfolding globally, most notably when it comes to electric vehicles as the Western world seems determined to reduce dependency on China.

The other theme that isn’t nearly as prevalent right now, but I suspect will increase in priority over the coming months and years, is how you mine and process your resource. As more and more emphasis is placed on reducing carbon emissions, I firmly believe a premium will start to be placed on the miner or refiner with a lower carbon footprint. Whether that comes from the application of a meaningful carbon tax, carbon credits, or in the fuel business there are RINs (renewable identification numbers), some sort of scorecard to rank which is the more environmentally friendly source.

Sage Potash to focus on US production in the Paradox Basin, Utah

One of the newest publicly traded ventures to embody the above themes is Sage Potash Corp. (TSXV: SAGE). Sage, having just started trading on March 20, 2023, is a Canadian company developing the Sage Plain Property in Utah and intends through sustainable solution mining techniques to become a prominent domestic U.S. potash producer within the Paradox Basin.

The Paradox Basin in Utah is known to host extensive underdeveloped world-class potash resources (approximately 2 billion tons, according to the US Geological Survey). The Paradox Basin benefits from close proximity to modern infrastructure, low-cost power and electricity, and a skilled workforce in a politically stable and mining-friendly state.

Sage is looking to compete with Nutrien Ltd. (TSX: NTR | NYSE: NTR ) and The Mosaic Company (NYSE: MOS) to address supply chain security and introduce sustainable mining practices with domestic US production of potash.

US domestic potash source

But what is the motivation to develop a domestic potash source? For starters, almost 40% of global potash production comes from Russia and Belarus, and that number goes up to 50% if you also include China. Not exactly the “A-List” for U.S. trade at present. However, despite the fact that the U.S. imports 94% of its potash, almost all of it comes from its friendly neighbor to the North (Canada), which is the world’s largest producer of potash.

Everyone trusts Canada, don’t they?  But that’s not the point, potash prices rose as much as 87% in 2021, largely due to sanctions brought about by Putin’s senseless (and thus far relatively unsuccessful) invasion of Ukraine. Price volatility like that increases the need to have greater control over pricing.

Additionally, shipping costs from Saskatchewan (where the bulk of Canada’s potash comes from) and lower barge capacity due to low water levels of the Mississippi River, can still add $150 – $225/ton to potash costs that would not necessarily be incurred by having local production.

It makes for a reasonably compelling case for Sage to enter the market.

IMAGE 1: The US Potash Market and World Production

Low emission, sustainable production

Then there’s investing theme #2 – low emission, sustainable production. The Paradox Basin resource is at an optimal temperature for solution mining, which Sage plans to combine with mechanical evaporation which in turn is “greener” than the more traditional evaporation ponds.

The benefits of mechanical evaporation include reduced water consumption and a reduced land footprint but economical also improves the ability to stage growth through modular units as well as increasing tolerance to climate/weather impacts allowing for year-round production.

Which all dovetails nicely with the #1 investing priority – profitability.  Solution mining and mechanical evaporation should mean lower CAPEX (capital expenses) and lower OPEX (operating expenses) relative to conventional potash operations.

Combine that with lower transportation costs to key markets and most of the boxes are ticked.

Short-term timeline to initial production

Looking forward, the Company’s objectives are to complete a step-out geological hole that will further define the resource estimates and may double as a possible cavern development test well, to advance preliminary engineering towards a Preliminary Economic Assessment (PEA), Feasibility Study, and then pilot production.

If all goes according to plan, pilot plant production could be achieved on a short timeline of 1-2 years with the ability to expand from 50,000 to 150,000 tons per year (TPY) for 20 years.

Sage has partnered with RESPEC Company LLC, a leader in potash solution mining consulting and engineering, to undertake the Phase One Program which consists of a step-out geological hole, the Sage 1 Well, located 700 meters (0.4 miles) from the Johnson 1 Well, plus a water brine supply well and a disposal well. With these results, RESPEC will continue with the preparation of a PEA technical report for the Sage Plain Potash project.

Sage Potash currently trades at a market cap of C$23.7 million.

In this InvestorIntel interview, Jack Lifton talks with Sage Potash Corp.’s (TSXV: SAGE) CEO Peter Hogendoorn about why potash is critical for the United States’ food security. With 40% of the global supply going offline because of sanctions on Russia and Belarus, Peter discusses how the US produces only about 3% of its potash requirements.

Peter provides an update on its Sage Plain Potash Project in southern Utah, which he says is “the largest deposit close to production in the US.” He goes on to explain how Sage Potash can help the US market save $150-225 per ton in transportation costs by sourcing the potash locally.

Speaking about the high-grade nature and favorable geology of its Sage Plain Potash Project, which could keep production cost to the lowest quartile, Peter also discusses its upcoming drill program, working on a preliminary economic assessment (PEA), and plans for a pilot plant in 2024.

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About Sage Potash Corp.

Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends, through sustainable solution mining techniques, to become a prominent domestic potash producer within the Paradox Basin situated in Utah.

To know more about Sage Potash Corp., click here.

Disclaimer: Sage Potash Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].