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New Listing: AmmPower Corp. (CSE:AMMP)

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The company recently closed the acquisition of AmTek Inc. by the issuance 12 million shares. AmTek owns 100% of the Whabouchi South lithium exploration property located in the James Bay/Eeyou Istche region of Quebec.

Additional Information:

Company: AmmPower Corp.
Website: http://www.SolderaMining.com
Stock Symbol: CSE: AMMP
Date Published: Apr 26, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

AmmPower Corp. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “AMMP”, having previously traded as Soldera Mining under the symbol “SOLD”.

The company recently closed the acquisition of AmTek Inc. by the issuance 12 million shares.

AmTek owns 100% of the Whabouchi South lithium exploration property located in the James Bay/Eeyou Istche region of Quebec.

AmTek is also working on the development of a proprietary technology to produce "green ammonia", a potential carbon-free energy source.

The company has commenced a high resolution, 25-meter line spaced 900-kilometer long heliborne magnetometer survey on the Whabouchi South Project.

The results of this survey will be used to assist in targeting of pegmatite dykes that may contain lithium minerals, with the goal of identifying mineralized pegmatites similar to those identified at the Whabouchi Mine, located less than 5 kilometers north of the company’s project.

Preliminary airborne survey results are expected within a week, with a final report expected to take four to six weeks.

Dr. Gary Benninger recently joined the company as CEO & Executive Chairman.

Dr. Benninger has more than 25 years’ experience working for Magna International, where he served in several different roles before being promoted to Executive Vice President of Engineering and R&D.

As Managing Director of Magna’s joint venture developing advanced traction batteries, he was a pioneer in the electric vehicle and battery space, delivering Magna’s first electric vehicle in 1986.

Most recently, Dr. Benninger played a key role as a technology entrepreneur for Magna, identifying new technologies that could be used to create future innovative products for the company.

Dr. Benninger, CEO, stated: "Having a long history in engineering, manufacturing and alternative technologies, I naturally saw the benefits that green technologies can have across the Globe. My experience has provided me with an inherent understanding of the green Ammonia & Hydrogen process's. I am excited at the opportunity to be the CEO and Chairman of Soldera Mining."

The company also holds an option over the Titan Gold Property located in the Klotz Lake area in Northwestern Ontario.

The company is well funded, having raised gross proceeds of $4 million in March from the placement of approximate 9.5 million units priced at $0.42.

The shares, which began trading on the CSE on October 6, 2020, are currently trading at $1.10.

For more information, please visit the company’s website www.SolderaMining.com, contact Faizaan Lalani, CFO, at 604-398-3379 or by email at FLalani@SolderaMining.com.

I’m Megan Edwards for Investmentpitch Media