Acceleware Secures Next Phase Contract for Mineral Drying Project with Saskatchewan’s International Minerals Innovation Institute

Calgary, Alberta–(Newsfile Corp. – February 4, 2026) – Acceleware Ltd. (TSXV: AXE) (“Acceleware” or the “Company”) is pleased to announce that it has been awarded a Phase 3A contract for a potash drying project by the International Minerals Innovation Institute (IMII).

This project, worth $350,000, positions Acceleware as a leader in applying radio frequency (RF) heating technology for industrial mineral processing creating a strong competitive edge in the potash and critical minerals industry and reinforcing its commitment to innovation and environmental stewardship.

“This project is exactly in alignment with Acceleware’s strategy – to use RF heating technology to lower energy consumption and operating cost,” said Geoff Clark, Chief Executive Officer, Acceleware.

The new project phase will build upon Acceleware’s and IMII’s Phase 2 development which included the design, construction, and testing of prototype Clean Tech Inverter (CTI)-powered dryers at increasing scale. Phase 2 testing results showed that RF-based drying had the potential to dry both typical and fines product streams more efficiently than traditional methods and reduce downstream costs by reducing the volume of air flow used in the drying process.

“Data from the Phase 3A test will help inform future research and development of this technology. It is an important step to evaluate the RF drying technology with a once-through configuration,” said Lesley McGilp, Executive Director of IMII.

Phase 3A will use a new fully instrumented RF energy-based 200 kg/hour dryer to dry potash fines, aiming to reduce moisture from 12% to 0.2%. Potash fines typically make up 20% of the production from a typical mine and tend to be more challenging and expensive to dry. This phase will include validating the effectiveness of the technology and optimizing the dryer design. Successful completion will inform IMII and its members with results and confidence to consider supporting further development and testing of the technology.

About IMII

The International Minerals Innovation Institute (IMII) is the trusted hub for expertise and innovation in Saskatchewan’s minerals industry, driving transformative change, inspiring actionable solutions, and building a sustainable and globally respected minerals sector in the province. As a member-based organization governed by industry, post-secondary education, and government, we unite to accelerate technological innovation, develop a representative workforce, and promote thought leadership. Together, we drive progress and shape the future of the minerals sector.

About Acceleware

Acceleware is an advanced electromagnetic (EM) heating technology company offering proprietary radio frequency (RF) power-to-heat solutions that increase production, reduce energy consumption and lower operating costs in large-scale industrial heating.

Its core innovation, the Clean Tech Inverter (CTI), is field-proven through an initial commercial-scale pilot of RF XL, Acceleware’s thermal enhanced oil recovery technology designed to increase heavy oil production.

Acceleware is leveraging CTI expertise across sectors to increase production and reduce energy consumption. Three mining projects are underway with major operators, while an amine regeneration project is also in progress.

Acceleware is publicly listed on the TSX Venture Exchange under the symbol AXE.

Disclaimers

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations or negatives of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might”, “shall” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

In this news release, forward-looking statements relate to, among other things, statements relating to the benefits of CTI electrification, future development plans and timing, prospective applicability of CTI drying to mining and other industries, application and market potential of CTI, and market size. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The material facts and assumptions include initial studies and initial tests of applicability of CTI technology to mining applications are accurate, third party estimates of market size are correct, and the timeline estimates are reasonable. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. The Company cautions the reader that the above list of risk factors is not exhaustive and additional risk factors risk factors are described in detail in Acceleware’s continuous disclosure documents, which are filed on SEDAR+ at www.sedarplus.ca. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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