RE:HUGE: AXE RECEIVED $2,064,434 Of $ 3 Million CRIN FUNDINGNote 15 from 2023 AAFS: A new grant funding agreement was entered into with Clean Resource Innovation Network (“CRIN”) as of July 13, 2023 which provides non-dilutive and non-repayable funding of up to $3,000,000 for costs incurred between January 1, 2022 and March 31, 2024 on the commercial-scale pilot test of the RF XL technology. The funding is provided in arrears based on completion of certain milestones. The Company has received $2,064,433 as of December 31, 2023 (December 31, 2022 – $nil). The remaining amount committed but not yet received from CRIN is $935,567.
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