07:20 AM EDT, 07/03/2025 (MT Newswires) -- FuelPositive ( NHHHF ) overnight Wednesday shared a "key update" as it prepares to activate its first on-farm, decentralized Green Ammonia system in Sperling, Manitoba.

According to a statement, final on-site work is now underway. Engineering partner Stantec ( STN ) and electrical and mechanical partner Wescan are completing the last system adaptations to meet Manitoba Hydro's requirements. Inspections and certifications by Intertek and Manitoba Hydro are expected to follow pending confirmation of the next phase of operational funding.

In parallel, FuelPositive ( NHHHF ) said it 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," it added.

The company said 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 ( NHHHF ) added it 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 ( NHHHF ). "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 ( NHHHF ) said it 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," it added.

"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."

NHHH was up $0.01 at $0.05 yesterday.