Welcome to our dedicated page for Fuse Battery Metals news (Ticker: FUSEF), a resource for investors and traders seeking the latest updates and insights on Fuse Battery Metals stock.
News about Fuse Battery Metals Inc. (FUSEF) highlights both its mineral exploration activities and significant proposed corporate transactions. The company identifies itself as a Canadian-based explorer of high value battery metals, with lithium projects in Nevada and cobalt projects near Cobalt, Ontario. Its releases describe work programs such as soil sampling, magnetotelluric and CSAMT geophysical surveys, diamond drilling and the preparation of NI 43-101 technical reports.
Investors following FUSEF news will see regular updates on the Lithium Springs and Monitor Valley North lithium properties in Nevada, including exploration plans, field program results and interpretations of geologic and geophysical data. The company also reports on its Glencore Bucke and Teledyne cobalt properties, where historical infrastructure and drilling results are used to guide further work and corporate decisions, including a planned spin-out of these assets into Ignition Battery Metals Inc.
Another key theme in Fuse’s news flow is corporate restructuring. The company has announced an Arrangement Agreement to spin out its Ontario cobalt properties and a proposed reverse take-over and change of business through the acquisition of Pointor AI, an AI-driven recruitment technology company. Releases detail the terms of the Pointor AI transaction, performance-based escrow milestones, planned financing and intended reclassification as a Tier 2 Technology Issuer on the TSX Venture Exchange, all subject to approvals and conditions.
By monitoring this news feed, readers can track exploration milestones on Fuse’s lithium and cobalt projects, progress on the Ignition Battery Metals spin-out, and developments related to the Pointor AI transaction. Because these initiatives may materially affect the company’s focus and listing status, frequent review of new announcements can help investors understand how FUSEF is evolving over time.
Fuse Battery Metals (TSXV:FUSE)(OTCQB:FUSEF) has signed a Share Exchange Agreement with Pointor AI for a proposed Change of Business/Reverse Take-Over transaction. The deal involves issuing 50 million common shares at $0.05 per share, subject to performance-based escrow conditions.
Pointor AI is developing an AI-driven recruitment platform that claims to reduce executive hiring time by 80% and costs by 90% compared to traditional methods. The company plans to raise minimum CAD$2.0 million through a private placement to fund development and operations.
Post-transaction, Pointor AI's management team, led by CEO Jessie Johnson, will take over operations. The deal targets the global recruitment market, valued at US$757 billion in 2024 and projected to reach US$2.3 trillion by 2033.
Fuse Battery Metals (TSXV:FUSE)(OTCQB:FUSEF) has entered into a binding letter of intent for a significant change of business through the acquisition of Pointor AI, marking a transition from mineral exploration to AI-driven recruitment technology. The transaction involves issuing 50 million common shares through a three-cornered amalgamation.
Pointor AI is developing an AI platform that claims to reduce executive hiring time by 80% and costs by up to 90% compared to traditional methods. The company plans to raise CAD$2.0 million through a private placement at CAD$0.05 per subscription receipt. The deal includes performance-based escrow conditions with milestone-based releases of shares.
Post-transaction, Pointor AI's management team, led by CEO Jessie Johnson, will take over operations, targeting the US$757 billion global recruitment market with a dual revenue model including per-placement fees and enterprise subscriptions.
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Fuse Battery Metals Inc. has expanded its exploration holdings with the acquisition of the Monitor Valley North Lithium Project in Nevada, consisting of 97 placer claims over approximately 770 hectares. The Purchase and Sale Agreement, dated March 22, 2023, includes a reimbursement of $30,081 and the issuance of 500,000 shares upon TSX acceptance. Initial surface samples in the project area showed average lithium values of 664 ppm, with potential linked to geothermal activity. The new CEO, Tim Fernback, expressed optimism about evaluating the project's lithium potential, alongside plans for a NI #43-101 Technical Report.
Fuse Battery Metals Inc. has announced the acquisition of a new lithium exploration project in Nevada, specifically the Lithium Springs Project, as of February 14, 2023. The company secured a 100% interest in 108 placer claims covering approximately 858 hectares, located in Washoe County. As part of the transaction, Fuse will reimburse the vendor $33,982 and issue 500,000 shares upon TSX Venture Exchange acceptance. Previous exploration revealed lithium values ranging from 82.8 to 520 ppm, with plans for further exploration, including geophysical surveys and drilling. CEO Tim Fernback emphasized the area's potential due to nearby geothermal activity.
Fuse Cobalt Inc. has announced a name change to Fuse Battery Metals Inc., effective February 2, 2023. The trading symbol FUSE remains unchanged, while the new CUSIP number will be 36112C102. The decision, ratified by the Board of Directors on January 19, 2023, aligns with the company's focus on high-value metals essential for battery manufacturing. Fuse's exploration properties include the Glencore Bucke and Teledyne Projects, both in Ontario, which have significant historical cobalt production potential. Further news regarding a new website and social media presence will be announced soon.
Fuse Cobalt Inc. (FUSEF) has provided a shareholder update outlining its focus on cobalt and lithium exploration for 2023. The company emphasizes the growing demand for electric vehicle (EV) battery metals driven by increasing EV adoption and supportive legislation like the Inflation Reduction Act. Fuse is actively seeking lithium exploration assets in Nevada and plans to change its name to Fuse Battery Metals Inc.. Recent drilling at the Glencore Bucke Property revealed cobalt mineralization in multiple holes. The company holds approximately CAD$2 million in funds, positioning it well for future exploration projects.