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Acceleware Announces RF XL 2.0
Globenewswire· 2025-06-25 23:46
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in the technology [3][4] Funding and Support - A previously announced non-dilutive grant of $1.31 million was withdrawn due to timing constraints, but the company is pursuing multiple funding opportunities from provincial and federal agencies [4] - Industry support has been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]
Pulse Oil Corp. Announces Facility Agreements Totaling $2,250,000
Globenewswire· 2025-06-05 12:30
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- Pulse Oil Corp. ("Pulse" or the "Company") (TSXV: PUL) is pleased to announce that Pulse has entered into two loan Facility Agreements (the "Facility Agreements") with related parties to the Company (the "Lenders"), whereby the Lenders have agreed to loan to the Company (collectively, the "Loans"), in aggregate, the sum of $2,250,000 (the "Principal"). Pursuant to the Facility Agreements, the Loans will be made available in tranches of $1,125,00 ...
Pulse Oil Corp. Announces Timing For Resumption of Trading
Globenewswire· 2025-06-02 12:30
VANCOUVER, British Columbia, June 02, 2025 (GLOBE NEWSWIRE) -- Pulse Oil Corp. (“Pulse” or the "Company”) (TSXV: PUL) announces that TSX Venture Exchange (“TSXV”) has reviewed and accepted Pulse’s reinstatement application and that trading of Pulse’s common shares will be reinstated soon. Prior to Pulse submitting the reinstatement application to TSXV, the British Columbia Securities Commission revoked the previously issued cease trade order (“CTO”). The Company had a working capital deficit of $55,880 as o ...