Core Viewpoint - Acceleware Ltd. is advancing its non-brokered private placement to fund its RF power-to-heat technologies, with a focus on critical minerals and carbon capture applications [1][2]. Group 1: Private Placement Details - The TSX Venture Exchange has extended the closing date for additional tranches of the private placement to September 1, 2025 [1]. - The first tranche closed on July 31, 2025, raising total gross proceeds of $791,334.20 [2]. - Each unit in the private placement consists of one common share and one warrant, with the warrant exercisable at $0.20 for 24 months [3]. Group 2: Insider Participation - Insiders purchased a total of 1,300,000 units in the first tranche and may participate in subsequent tranches, classifying the private placement as a related party transaction [4]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value does not exceed 25% of the company's market capitalization [4]. Group 3: Company Overview and Technology - Acceleware specializes in RF power-to-heat solutions aimed at decarbonizing industrial processes and reducing costs [5]. - The company is developing its Clean Tech Inverter to enhance the efficiency of amine regeneration and has partnered with potash producers to decarbonize drying processes [6]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7].

Core Viewpoint - Acceleware Ltd. has successfully closed the first tranche of a non-brokered private placement, raising a total of $791,334.20 through the issuance of 7,913,342 units at a price of $0.10 per unit, with plans for additional tranches in the future [1][4]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at an exercise price of $0.20, expiring 24 months from issuance [2]. - The common shares and warrants issued will be subject to a four-month hold period, expiring on December 2, 2025, in accordance with securities legislation [3]. - Insiders purchased a total of 1,300,000 units in the private placement, which is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority approval requirements [5]. Group 2: Use of Proceeds - The proceeds from the private placement are intended to fund a portion of the RF XL 2.0 redeployment plan, advance commercialization of new RF heating applications, and support general corporate purposes [4]. Group 3: Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for large industrial applications, aiming to electrify and decarbonize industrial process heat while reducing costs [6]. - The company is developing its patented Clean Tech Inverter to enhance the efficiency of amine regeneration and is collaborating with a consortium to decarbonize potash ore drying and other critical minerals [7]. - Acceleware's RF XL technology is a patented low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [8].

Core Points - Acceleware Ltd. announced a non-brokered private placement of units at a price of $0.10 per unit, aiming to raise gross proceeds of up to $1,500,000 [1][4] - Each unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of a common share at $0.20 for 24 months [2] - The company plans to use the proceeds from the private placement and shares for debt transactions to fund its RF XL 2.0 redeployment plan and advance commercialization of new RF heating applications [4] Private Placement Details - The private placement will consist of units priced at $0.10 each, with a maximum gross amount of $1,500,000 [1] - Each unit includes one common share and one warrant, which can be exercised at $0.20 for 24 months [2] - If the common shares trade at or above $0.30 for 30 consecutive trading days, the company may accelerate the expiry of the warrants [2] Shares for Debt Transactions - Acceleware intends to settle up to $300,000 in trade payables and interest on convertible debentures through shares for debt transactions [3] - The units issued in these transactions will be at the same terms as the private placement, at a deemed price of $0.10 per unit [3] Closing and Regulatory Approvals - The expected closing date for the private placement and shares for debt transactions is around July 22, 2025 [4] - Completion is subject to regulatory approvals, including from the TSX Venture Exchange [5] Insider Participation - Certain insiders are expected to participate in the private placement and shares for debt transactions, qualifying it as a related party transaction [6] - The company will rely on exemptions from formal valuation and minority approval requirements based on the fair market value not exceeding 25% of its market capitalization [6] Company Overview - Acceleware is an advanced electromagnetic heating company focused on RF power-to-heat solutions for industrial applications [7] - The company aims to electrify and decarbonize industrial process heat applications while reducing costs [7] - Acceleware is developing technologies for amine regeneration and has partnered with potash industry leaders to decarbonize drying processes [8]

Core Insights - Acceleware Ltd. is advancing its RF XL technology, introducing RF XL 2.0, aimed at enhancing oil recovery while decarbonizing the process [1][2][4] - The company is seeking funding for a commercial-scale demonstration project to showcase RF XL's capabilities in heavy oil reservoirs, particularly in the Lloydminster area [4][5] Technology Development - RF XL technology utilizes radio frequency heating to improve oil recovery, potentially reducing costs and increasing recovery factors compared to traditional enhanced oil recovery methods [2][7] - The RF XL deployment at Marwayne progressed from Technology Readiness Level (TRL) 4 to TRL 8, with the Clean Tech Inverter (CTI) reaching TRL 9, demonstrating significant advancements in the technology [3][4] Funding and Support - A previously announced non-dilutive grant of $1.31 million was withdrawn due to timing constraints, but the company is pursuing multiple funding opportunities from provincial and federal agencies [4] - Industry support has been confirmed for the new sub-surface energy delivery system, which incorporates several technical advancements over the previous RF XL design [8] Strategic Vision - The CEO of Acceleware emphasized the dual potential of RF XL 2.0 to economically increase oil production while contributing to decarbonization efforts, aligning with Canada's goals as a G7 energy innovator [5] - The company is also focusing on improving efficiency in amine regeneration and has partnered with potash industry leaders to decarbonize critical mineral processing [6]

Core Viewpoint - Acceleware Ltd. has appointed two experienced energy executives to its Board of Directors as part of a strategic plan to enhance its business and shareholder value, while two original board members have stepped down [1][2][4]. Group 1: Board Appointments - Peter Sametz has been appointed as Executive Chairman of the Board, and Merle Johnson has been appointed as a Director and Chair of the Audit Committee, effective June 3, 2025 [2][4]. - The appointments of Mr. Sametz and Mr. Johnson are intended to fill the vacancies left by the resignations of Mr. Bohdan Romaniuk and Dr. Peter Neweduk, who served over 19 years on the Board [2][3]. Group 2: Executive Backgrounds - Mr. Sametz has extensive experience in the energy sector, focusing on change management and corporate restructuring, and has been recognized for his leadership in innovation and environmental responsibility [4]. - Mr. Johnson was the CEO of Connacher Oil and Gas until his retirement in 2024 and has a background with EnCana and IMC Global, contributing to significant projects in the energy sector [5]. Group 3: Company Overview - Acceleware is an innovator in electromagnetic heating technology, providing scalable solutions aimed at decarbonizing industrial process heat applications while reducing costs [7]. - The company is developing a patented low-cost, low-carbon electromagnetic thermal production technology for heavy oil and is working on a pilot project to decarbonize potash ore drying [8].

Core Viewpoint - Acceleware Ltd. reported significant financial improvements in Q1 2025, with a notable increase in revenue and a reduction in comprehensive loss, while continuing to advance its RF XL technology for decarbonizing heavy oil and oil sands production [1][11][12]. Financial Highlights - Revenue for Q1 2025 was CAD 431,226, a substantial increase from CAD 43,594 in Q1 2024 [2][11]. - Comprehensive loss decreased to CAD 382,195 in Q1 2025 from CAD 969,971 in Q1 2024 [2][12]. - R&D expenditures were CAD 420,829 in Q1 2025, down from CAD 501,115 in Q1 2024 [2][13]. RF XL Pilot Progress - The RF XL Pilot in Marwayne, Alberta, demonstrated the technology's potential, achieving over 200 days of RF power injection into the heating well [3][4]. - The company is preparing for a second phase of heating, with an estimated cost of CAD 5 million, and has secured CAD 1.3 million in non-dilutive funding from CRIN [4][9]. Commercialization Strategy - Management is conducting a strategic review to identify optimal heavy oil reservoirs for RF XL technology commercialization, focusing on areas like the McMurray oil sands and Clearwater [5][6]. - The company aims to enhance production and cash flow by potentially acquiring rights to a heavy oil property and applying RF XL as a secondary recovery method [6]. Intellectual Property Development - Acceleware has a total of 62 patents related to its technologies, with 28 granted and 34 pending [8]. Future Outlook - The company plans to initiate a second phase of heating at the RF XL Pilot after addressing technical issues, with funding efforts ongoing [9][10].