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Fuse Battery Metals Inc. reports developments tied to its battery-metals exploration portfolio, including lithium properties in Nevada and cobalt properties in Ontario. Company updates have covered the Monitor Valley North and Lithium Springs lithium projects, exploration programs using soil sampling and geophysical surveys, and technical discussion of brine, clay, and geothermal settings in Nevada.
Fuse news also includes property acquisitions, shareholder communications, material agreements, financing plans, capital-structure matters, and shareholder voting matters. The company’s public updates have framed its exploration assets around lithium and cobalt used in battery supply chains while documenting changes in project focus, corporate plans, and exchange-related approvals.
Fuse Battery Metals (OTCQB:FUSEF, TSXV:FUSE) announced amended subscription receipt financing terms tied to its approved reverse takeover to become a Tier 2 technology company via Pointor AI.
The company plans a private placement of subscription receipts at CAD$0.05 for a minimum of CAD$2.0M and maximum CAD$3.5M, converting to common shares on closing; closing is subject to Exchange final approval.
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.