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 Viewpoint - Acceleware Ltd. has announced a transformative strategic plan aimed at establishing the company as a revenue-generating and cash-flowing enterprise, with a focus on enhancing profitability and shareholder value [2][4]. Group 1: Strategic Plan Overview - The strategic plan has been developed by management and approved by the board of directors, with expectations to drive profitability and long-term stability [2]. - The plan emphasizes strengthening revenue generation and improving economic performance, targeting new market and client commitments [2]. - Key components of the plan include a focused investment strategy, RF XL commercialization, and a shift from research and development to cash flow generation [4]. Group 2: Financing and Investment Strategy - Acceleware intends to secure funding for high-potential applications to support near-term revenue and long-term growth, while strengthening the balance sheet [4]. - The company is considering strategic restructuring options to maximize capital investment for surface applications, particularly in amine regeneration and critical minerals heating [4]. Group 3: RF XL Commercialization - Acceleware is looking to acquire additional production rights to heavy oil assets in western Canada and deploy RF XL as an enhanced oil recovery method [4]. - The new RF XL V2.0 design aims to eliminate water ingress, simplify deployment, and reduce per well capital costs by approximately 30% compared to the previous version [4]. Group 4: Growth and Culture - The plan includes aggressive initiatives to align teams with business growth objectives, transitioning the company's focus towards cash flow generation [4]. - The management team is committed to executing the plan and anticipates significant progress in the coming months [2]. Group 5: Technological Advancements - Acceleware is utilizing its patented Clean Tech Inverter to enhance the efficiency of amine regeneration and is collaborating with partners to decarbonize potash ore drying [5]. - The company is actively developing additional process heat applications and partnerships for RF heating [5].

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].