Accelerate Resources Limited announced it has entered into a binding Heads of Agreement with RedoxBlox, Inc. to investigate strategic co-operation opportunities for the ongoing material supply, commercialisation and deployment of RedoxBlox's proprietary manganese-based thermochemical energy storage technology using manganese products from the Company's Woodie North Project. The collaboration is structured through a phased approach, with initial efforts focused on AX8's testing and supply of manganese materials and providing results of comminution and metallurgical test work to enable RedoxBlox to complete the necessary product qualification test work in the US. RedoxBlox will provide updates on the results of its ongoing demonstration plant test work and any resulting changes in its manganese and magnesium product specifications and volumes.

While demonstrating the applicability of AX8's Woodie Woodie North Project to supply fit for purpose feedstock, AX8 and RedoxBlox will also explore a range of other strategic opportunities working together, including AX8 securing additional supply chain options for other input commodities required by RedoxBlox, and potentially co-operating on establishing scale-up and manufacturing facilities to be close to raw material supply chains.