Core Points - Acceleware Ltd. has completed shares for debt transactions to settle $186,337 in trades payable, management fees, and interest on convertible debentures by issuing up to 1,863,375 Units at a deemed price of $0.10 per Unit [1][4] - Each Unit consists 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] - Insiders received 313,000 Units in these transactions, qualifying as a related party transaction under MI 61-101, with exemptions from formal valuation and minority shareholder approval [3] Financial Details - The proceeds from the Shares for Debt Transactions will be used to fund the RF XL 2.0 redeployment plan, advance commercialization of RF heating applications, and for general corporate purposes [4] - The Company is focused on improving efficiency in amine regeneration and has partnered with potash industry leaders to decarbonize drying processes [6] Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for industrial applications, aiming to electrify and decarbonize process heat while reducing costs [5] - The RF XL technology is a patented low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7]

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 Insights - Acceleware Ltd. has announced a strategic collaboration and distribution agreement with Scovan to enhance commercialization of its RF XL 2.0 technology for oil production [1][2][4] - The partnership aims to transition Acceleware from a research-focused entity to a cash flow-generating business, with a focus on rapid commercialization [2][4] - Scovan's established relationships with heavy oil and oil sands producers will facilitate a quicker transition from demonstration projects to commercial sales [2][4] Company Overview - Acceleware specializes in radio frequency (RF) power-to-heat technologies aimed at process heat applications in critical minerals, carbon capture, and enhanced oil production [1][5] - The company is actively seeking additional production rights for heavy oil assets in western Canada to deploy its RF XL 2.0 technology [3][8] - Acceleware's RF XL technology is a patented low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [8] Strategic Goals - The agreement with Scovan is part of Acceleware's strategy to expedite the commercialization of RF XL 2.0, with a target for large-scale deployment within two years [4][7] - The collaboration is expected to reduce lead times from regulatory approval to cash flow by a year or more, enhancing project delivery credibility [7] - Scovan will serve as the exclusive distributor of RF XL in western Canada once the technology is commercialized, further solidifying the partnership's strategic importance [7] Industry Context - The partnership aligns with the Canadian government's focus on decarbonization in the oil sector, emphasizing the urgency of deploying innovative technologies [4] - Scovan's vision of a more sustainable and efficient "Facility of the Future" complements Acceleware's goals, indicating a shared commitment to innovation in oil development [4][9]