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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.


TSXV:AXE - Post by User

Post by ztransforms173on Aug 16, 2024 5:44pm
124 Views
Post# 36183557

NICE: AXE BUILT & PRESENTED 100 Kgs./H Potash DRYER In JULY

NICE: AXE BUILT & PRESENTED 100 Kgs./H Potash DRYER In JULYfrom Q2/2024 MD&A on SEDAR (2024/08/16):

EM Powered Heat - Drying of Mineral Ores

In 2023, Acceleware began working with the International Minerals Innovation Institute (“IMII”) to validate the use of EM energy from the CTI to dry potash ore and other minerals. IMII is a non-profit organization jointly funded by industry and government that is committed to developing and implementing innovative education, training, research and development partnerships for supporting a world-class minerals industry. IMII’s minerals industry members include BHP, Cameco Corporation, Fission Uranium Corp., The Mosaic Company and Nutrien Ltd.

The Company has completed construction and testing of a 100 kilogram per hour potash ore drying system. The findings were presented to IMII in July, 2024. As of this MD&A, a proposal for Phase 3 has been presented to IMII and is currently under review. Phase 3 of the project would include the design, construction and testing of a larger shop-scale demonstration dryer.

 
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z173

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