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.
Fuse Battery Metals Inc (FUSEF) is a mineral exploration company focused on discovering lithium and cobalt resources critical for battery production and clean energy technologies. This page provides investors and industry stakeholders with a comprehensive collection of official announcements, project developments, and corporate updates.
Access timely updates on exploration progress across Fuse's Nevada lithium projects and Ontario cobalt properties. The resource center features press releases covering drilling results, strategic partnerships, and financial reports, all organized for efficient research and decision-making.
Key content includes updates on the Lithium Springs and Monitor Valley lithium initiatives, cobalt property evaluations, and regulatory filings. Users will find detailed technical disclosures compliant with Canadian mining reporting standards.
Bookmark this page for streamlined access to Fuse Battery Metals' latest developments in battery metals exploration. Check regularly for new announcements regarding resource estimates, exploration methodologies, and corporate milestones.
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.
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.
Fuse Cobalt Inc. (FUSEF) has successfully closed a non-brokered private placement, securing $1,500,000 from the sale of 30 million units at $0.05 per unit. Each unit comprises one share and one warrant, exercisable at $0.065 for five years. The funds will be allocated for exploration, development, and working capital.
Additionally, insider participation amounted to 2,330,000 units, relying on exemptions under Multilateral Instrument 61-101. Finder's fees included cash and share-based compensation.
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