Core Viewpoint - Acceleware Ltd. is advancing its RF power-to-heat technologies aimed at enhancing oil production, improving energy efficiency, and reducing greenhouse gas emissions, with a focus on the RF XL 2.0 system and its commercial viability [1][4][21]. Financial Highlights - For Q2 2025, Acceleware reported revenue of $201,523, a significant decrease from $2,012,047 in Q2 2024, and a comprehensive loss of $714,148 compared to a comprehensive income of $1,263,914 in the same period last year [2][10][11]. - R&D expenditures for Q2 2025 were $266,595, up from $140,205 in Q2 2024, reflecting ongoing development efforts for RF XL 2.0 and other technologies [2][12]. RF XL 2.0 Development - The RF XL 2.0 design is finalized and ready for manufacturing, with an estimated cost of $5 - $6 million for the pilot phase, which aims to enhance oil production through improved subsurface energy delivery [3][4]. - The new design is expected to reduce per well capital costs by approximately 30% compared to the previous RF XL system, while also simplifying deployment and enhancing safety [2][3]. Strategic Initiatives - Acceleware is exploring opportunities to acquire heavy oil properties to deploy RF XL 2.0 as a secondary recovery method, which could improve production and asset valuation [5]. - The company has developed a focused investment strategy that includes critical minerals heating and drying, alongside RF XL 2.0, and is in discussions for further funding [6][7]. Cash Flow and Capital Management - As of June 30, 2025, Acceleware reported negative working capital of $4.2 million, indicating challenges in cash flow management [19]. - The company is actively managing its cash flow through operational initiatives and external funding efforts to support ongoing R&D and technology development [20].

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]