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AMMPOWER (AMMPF) Stock News, May-Jun 2021

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AmmPower Corp (CSE:AMMP, OTCQB:AMMPF) has announced the formation of a wholly-owned subsidiary, AmmPower Marine Corp (AMC), aimed at introducing green ammonia technologies to the maritime industry. Led by CEO Rene Bharti and focusing on port facilities and distribution, AMC plans to validate its proprietary technology through pilot projects. Additionally, industry veteran John Tercek joins AmmPower's Advisory Board, bringing extensive experience in renewable energy and port infrastructure.

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AmmPower Corp (CSE:AMMP, OTCQB:AMMPF) announced a significant business reorganization on June 8, 2021, creating two divisions: AmmPower Lithium & Mineral Resources and AmmPower Ammonia & Alternative Energy. This strategic move aims to enhance focus on resource extraction and energy solutions for a greener economy. Mr. Rene Bharti will lead the Ammonia division, while Mr. Michael Dehn joins as President of the Lithium division effective July 1, 2021, bringing over 25 years of mining experience. CEO Gary Benninger expressed confidence in the new structure's potential.

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AmmPower Corp has appointed Pierre Marin to its advisory board, effective immediately. Marin brings over 32 years of experience with the Canadian Federal Government, notably in environmental policy, and his recent role at the International Maritime Organization (IMO). He aims to support AmmPower in introducing green ammonia technologies to the global shipping sector, aligning with IMO's targets to cut greenhouse gas emissions by 50% by 2050. This appointment is seen as pivotal for the company's growth in clean energy initiatives.

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AmmPower Corp. (CSE:AMMP, OTCQB:AMMPF) announced its search for a facility in Detroit for developing modular units to produce green ammonia. This initiative aims to meet the rising demand for sustainable energy sources, particularly from agricultural sectors. The company has appointed Greg Barranger as General Manager for Michigan plant facilities. CEO Gary Benninger highlighted the potential benefits of green ammonia for agriculture. AmmPower is also advancing its projects on clean energy and innovative catalytic methods for ammonia production.

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AmmPower Corp. (CSE:AMMP, OTCQB:AMMPF) announced the appointment of Paul Sparkes to its advisory board to enhance its growth strategy in the green energy sector. Mr. Sparkes brings over 25 years of experience in media, finance, and public service, including senior roles in government and leading media companies. His expertise is expected to assist AmmPower in commercializing its unique technologies, particularly in green ammonia and hydrogen production. This strategic addition aims to bolster shareholder value through forthcoming commercial contracts.

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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.

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FAQ

What is the current stock price of AMMPOWER (AMMPF)?

AMMPOWER (AMMPF) last closed at $0.000001.

What is the market cap of AMMPOWER (AMMPF)?

The market cap of AMMPOWER (AMMPF) is approximately $3.4M.