Fuse Battery Announces the Signing of an LOI with Pointor AI for a Proposed Change of Business/Reverse Take-Over

Rhea-AI Summary

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.

Positive

• Complete business transformation from mineral exploration to high-growth AI recruitment technology sector
• Target market valued at US$757 billion with 13.1% CAGR projection to reach US$2.3 trillion by 2033
• Significant cost advantage offering 80-90% savings compared to traditional executive search methods
• Secured CAD$2.0 million financing commitment for development and operations
• Strong management team with proven track record in executive search and AI technology

Negative

• No current revenue or financial statements available for Pointor AI
• Significant dilution with 50 million new shares to be issued
• Complete shift from current business model carries execution risks
• Product still in development phase with no proven market traction
• Requires TSXV and shareholder approval with potential regulatory hurdles

COQUITLAM, BC / ACCESS Newswire / July 17, 2025 / Fuse Battery Metals Inc. ("the Company" or "Fuse") (TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3) announces that it has entered into a binding letter of intent (the "LOI") with 1545726 B.C. Ltd. (dba "Pointor AI") for the acquisition of 100% of its common and preferred shares, by way of a three-cornered amalgamation transaction with Fuse's wholly-owned subsidiary (the "Transaction"). Subject to Section 4.1 of TSX Venture Exchange ("TSXV") Policy 5.2, the Transaction is subject to shareholder approval. The LOI was entered into at arm's length.

Pointor AI is a novel recruitment technology business that is developing an AI-driven platform that management believes reduces executive and specialist hiring time by 80% and costs by up to 90% compared to traditional executive search methods, which typically charge 30-35% of first-year salary.

The Pointor AI-driven recruitment platform leverages machine learning and natural language processing to analyze publicly available professional data, offering features including competitor research, automated org chart building, talent mapping, and salary benchmarking. The platform's four-layer architecture (data collection, processing, intelligence, and interface) delivers an intuitive user experience for both recruiters and hiring managers.

1545726 B.C. Ltd., dba Pointor AI, is a newly incorporated private company dedicated to the commercialization of AI software for the Human Resources, Executive Search and Recruitment Industries. The principals of this company are Ms. Jessie (Fan) Johnson, CEO, Mr. Tarka L'Herpiniere, COO, and Oliver Willett, VP Business Development. Ms. Jessie (Fan) Johnson is a control person and currently owns 66.67% of the issued and outstanding shares of 1545726 B.C. Ltd.

Founded in 2025 and headquartered in London, United Kingdom, Pointor AI plans to complete the development and commercialization of its first AI-powered product in calendar 2025 which it plans to first deploy in the European financial services industry under a Software-As-A-Service ("SAAS") model.

The global recruitment market, valued at US$757 billion in 2024, is projected to reach US$2.3 trillion by 2033 (CAGR 13.1%). Pointor AI targets large enterprises with 10,000+ employees, focusing initially on the UK and North America, with planned expansion to the EU in Year 2 and Asia in Year 3.

Pointor AI employs a dual revenue model: (1) Per-Placement Fee Model with a base fee of £500 per job plus 5% of first-year salary, averaging £5,500 per hire; and (2) Enterprise Subscription Model with an average monthly fee of £5,000 (£60,000 ARR), including unlimited searches and dedicated support. Our competitive advantages include proprietary data assets, specialized executive search focus, enterprise grade technology with rapid implementation (2-4 weeks vs. industry standard 3-6 months), and significant cost advantages (80-90% savings vs. traditional executive search).

Summary of Financial Information
Financial statements for Pointor AI were not available at the time of this news release. As such, summary financial information will be disclosed at a later date in accordance with the policies of the Exchange.

Terms of the Transaction
Subject to the execution and delivery of a mutually acceptable definitive agreement, Fuse will acquire Pointor AI through the issuance of an aggregate of 50,000,000 of its common shares by way of a three-cornered amalgamation transaction (the "Transaction"). The Pointor AI shareholders will receive a price per Consideration Share that is anticipated to be equal to the price per share to be issued in the private placement financing that the Company intends to complete concurrently with the Transaction, as described further below in this News Release.

Sponsorship
Sponsorship of a change of business/reverse take-over transaction is required by the TSXV unless exempt in accordance with TSXV policies or the TSXV provides a waiver from sponsorship requirements. Fuse intends to apply for a waiver from the sponsorship requirements; however, there is no assurance that it will be able to obtain a waiver from sponsorship requirements if an exemption from sponsorship is not available.

In addition to the escrow requirements of the TSXV, Fuse common shares issued as part of the Transaction will be subject to the following performance escrow conditions, managed by the company's Transfer Agent or suitable authority, and released upon successfully demonstrating the following Milestones have transpired. If required by the TSXV, the performance escrow releases may be subject to timing constraints as a part of the terms of release. If this is the case, then the Parties will negotiate additional time-based escrow release criterion based on the Pointor Ai stated business plan and financial projections that will also apply to the escrow release schedule as a Term of Escrow Release.

	Shares subject to Escrow Release	Terms of Escrow Release
Initial Release	8,000,000	Upon TSXV Transaction Final Approval
Escrow Milestone 1	8,000,000	Upon the successful completion and announcement of the B2B ("Business to Business") Minimum Viable Product as referenced in the Pointor AI business plan.
Escrow Milestone 2	8,000,000	Upon the successful recognition of the first $1 of sales revenue from a third-party B2B customer sale and as stated in the Company's Quarterly Financial Statements ("FS")
Escrow Milestone 3	8,000,000	After recognizing the first £175,000 in cumulative B2B sales revenue in the FS
Escrow Milestone 4	8,000,000	After recognizing the first £3,667,500 in cumulative B2B sales revenue in the FS
Escrow Milestone 5	10,000,000 50,000,000	After the successful development and launch of the Company's second product for sale (Business to Consumer or "B2C") and record revenue from the first 100 individual customers from third-party sales in the FS

 

Each party shall be responsible for its own costs and expenses incurred with respect to the Transaction.

Upon the successful execution of this LOI, Fuse will loan Pointor AI an amount equal to CAD$25,000.00, within 3 business days, to be applied towards the Transaction costs incurred by Pointor AI. If the Transaction is successfully completed on the TSXV, no interest will accrue on this loan and the loan will be forgiven in its entirety as part of the Transaction. If the Transaction is not successfully concluded within twelve months of successful LOI execution, an interest rate of 10% per annum will accrue and the loan will become payable to Fuse on demand.

In connection with the Transaction, a finder's fee is payable in the amount of 1,500,000 shares to an arm's length party. The finder's fee is subject to a successful completion of the Transaction and is payable on the same terms as the milestone provisions above with 250,000 share increments, , as per TSXV Policy 5.1 and is subject to TSXV approval.

Upon Completion of the Transaction the Company will be classified as a Tier 2 Technology Issuer on the TSXV.

Financing
In connection with the Transaction, and subject to TSXV approval, the Company intends to complete a private placement of subscription receipts for gross proceeds of CAD$2.0 million (the "Financing") at a price of CAD$0.05/subscription receipt. Immediately upon completion of the Transaction, each subscription receipt will convert to a single common share of the Company. The Financing may be brokered or non-brokered and Agent's commissions and/or finder's fees in cash or securities may be payable in connection with the Financing subject to compliance with TSXV policies and the Financing and finder's fees are subject to the approval of the TSXV. Proceeds from the Financing are expected to be used as follows:

Product	Software Development Product #1	$ 250,000.00
Product	Software Development Product #1 and #2	300,000.00
IR	Media Platforms, Rich Media Content Creation, Contract Service Providers, Social Media Platforms and Advertising	310,000.00
Marketing & Sales	Marketing Literature/PR/Tradeshows/Seminars/People	300,000.00
G&A	Salaries and Office Administration	550,000.00
G&A	Regulatory and Financing Cost	140,000.00
G&A	Unallocated Working Capital	150,000.00
		$ 2,000,000.00

All securities issued pursuant to the Financing, Transaction and finder's fees will be subject to a hold period as required under applicable securities legislation.

Change of Business
Completion of the Transaction as contemplated would constitute a Change of Business/Reverse Take-Over in accordance with TSXV Policy 5.2 Changes of Business and Reverse Takeovers ("Policy 5.2") as the Company's current business is the exploration of minerals. As a result the Transaction is subject to TSXV acceptance and approval of the shareholders of Fuse.

Conditions
The Transaction is subject to a number of conditions including, but not limited to, entry into a definitive agreement, closing of the Financing, completion of due diligence reviews by the Parties and approval by each of the Fuse and Pointor AI boards of directors.

Management Changes
Under the terms of the LOI, certain management changes are intended to occur concurrently with the closing of the Transaction pursuant to which three nominees of Pointor AI will be appointed to the Company's board of directors and the officers of Pointor AI will replace the Company's current officers, with the exception of Fuse's current Director Tim Fernback (proposed new Chairman), current Director Robert Setter and current Director Ryan Cheung, As well the current Corporate Secretary Tina Whyte, and current CFO Robert Guanzon, all of whom will remain in such position. James Hellwarth will also remain in his Investor Relations capacity post amalgamation.

The following provides summary biographical information of each of the individuals intended to be appointed as members of the Company's board of directors and/or as management of the Company:

JESSIE (FAN) JOHNSON - PROPOSED CEO/DIRECTOR
Jessie Johnson is a dynamic and results-driven business leader with over 20 years of global experience in executive search, sales leadership, and entrepreneurship. She is the Founder and Managing Director of an elite executive search firm. Under her leadership, the company has become a top-tier global talent partner to some of the world's largest FinTech, data, and AI-driven technology companies, consistently doubling its revenue year-on-year.

Today, the company is a preferred supplier to those industry leaders across North America, Europe, and Asia. Jessie successfully expanded operations into France in 2021 and continues to drive strategic hiring at the senior executive level across international markets.

Before founding her firm, Jessie spent a decade in senior leadership roles at two of the UK's largest recruitment firms, where she built multi-million-pound revenue streams from the ground up and secured long-term partnerships with major global banks and technology giants. Her track record of scaling teams, breaking into new markets, and delivering high-impact talent solutions has firmly positioned her as a force in the global executive search industry.

TARKA L'HERPINIERE - PROPOSED CTO / DIRECTOR
Tarka L'Herpiniere brings an unparalleled depth of expertise and a proven track record of innovation to the role of Chief Technology Officer. Educated at the prestigious University of Bath and Brunel University in the United Kingdom, Tarka has dedicated two decades to pioneering advancements in artificial intelligence. This extensive experience is underscored by an impressive entrepreneurial journey, marked by the successful launch and exit of four distinct startups. Tarka's unique blend of academic rigor, hands-on development, and commercial acumen positions him perfectly to spearhead our technological vision and drive transformative growth.

Along with Oliver Willett, Tarka is co-founder of Arcterix SARL ("Arcterix"), a bespoke AI and custom software solutions company, and original developer of the Pointor AI intellectual property based out of Paris, France. Arcterix is a pioneering AI industry company that operates within Europe for its global client base building and training AI models and AI solutions for both large and small enterprises.

OLIVER WILLETT - PROPOSED STRATEGIC ADVISOR / DIRECTOR
Oliver Willett brings a unique blend of start-ups and investment experience across a broad range of sectors including AI, fintech, agri-tech, e-commerce and impact, and has a proven track record in leading innovative projects. He sits on the boards of multiple companies, advising on strategy, finance, operations and commercialization. Over the last 30 years he has raised over $100m in successful venture financings and has advised on mergers, acquisitions and disposals of over $500m.

Along with Tarka L'Herpiniere, Oliver is a co-founder of Arcterix, a bespoke AI and custom software solutions company, and original developer of the Pointor AI intellectual property.

Florian Pixner - PROPOSED VP Commercial

Florian Pixner is a high-impact commercial leader with over 20 years of global experience in sales strategy, revenue acceleration, and data-driven business transformation. He specializes in helping data and intelligence companies scale revenue, penetrate new markets, and drive commercial performance-particularly in private equity-backed environments.

Florian has held senior leadership positions at two of the world's leading data intelligence firms, where he built and led high-growth sales organizations across wealth, healthcare, and risk intelligence divisions, consistently delivering double-digit growth and expanding international market share. He played a key role in one of the industry's landmark exits-a £1.2 billion acquisition by ION Group.

Combining commercial expertise with strategic execution, Florian successfully led the post-acquisition integration of five businesses, unifying product, sales, and go-to-market teams to reignite growth in a global people intelligence portfolio. Among those, he helped scale BoardEx, now viewed as an adjacent competitor to Pointor AI.

Florian Pixner is the founder of CVT Advisory (Kent, UK) which partners with PE firms, scale-ups, and data-centric platforms, advising executive teams on go-to-market execution, commercial strategy, sales enablement, and expansion planning- delivering growth-focused sales strategy and go-to-market execution that accelerate both revenue and enterprise value for their clients.

Other Information and Updates
In accordance with TSXV policy, the Company's shares are halted from trading and will remain halted until such time as determined by the TSXV, which, depending on the policies of the TSXV, may not occur until the completion of the Transaction.

The Company will provide further details in respect of the Transaction, in due course, by way of news releases.

About Fuse Battery Metals Inc.https://fusebatterymetals.com

Fuse Battery Metals Inc. is a Canadian based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. The Company's focus is on exploration for high value metals required for the manufacturing of batteries.

Nevada Lithium Properties
Fuse owns 100% of the Lithium Springs Property which is located at the southern end of Black Rock Desert, Nevada, about 132 air-line km north-northeast of Reno, Nevada in Sections 1, 2, 11, and 12 Township 32 North, Range 23. The center of the property is about 40.676° North Latitude, 119.331° West Longitude, (40° 40' 33" N, 119° 19' 52"): UTM X 302,900 UTMY 4,505,400 NAD 27; Zone 11 N. Black Rock Desert basin is about 110 km long and up to 25 km wide at the widest point. The central playa measures about 50 km northeast - southwest and 10 km southeast - northwest. The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada.

Fuse also owns 100% of the Monitor Valley North Lithium Property which includes 97 placer claims (MVN1 - MVN97) covering approximately 770 hectares of alluvial sediments and clays located 134 km northeast of Tonopah, Nevada. The property is located in Monitor Valley, Nevada, and the center of the property is about 39.21° North Latitude, 116.65° West Longitude. The property is 55 km due west of the Little Smokey Valley, Nevada where exploration for lithium is ongoing.

Ontario Cobalt Properties
Fuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east- northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse's Teledyne Cobalt Project. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agnico Mine.

Glencore Bucke/Teledyne Property
Situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario the Glencore Bucke Property adjoins, on its northeast corner, the former cobalt producing Agaunico Mine. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs. of cobalt ("Co"), and 980,000 oz of silver ("Ag") (Cunningham-Dunlop, 1979). The amount of cobalt produced from the Agaunico Mine is greater than that of any other mine in the Cobalt Mining Camp. Production ceased in 1961 due to depressed Co prices and over-supply (Thomson, 1964). The Glencore property is 100% owned by Fuse Cobalt subject to a back-in provision, production royalty and off-take agreement.

The associated Teledyne Property, located in Bucke and Lorrain Townships, consists of 5 patented mining claims totaling 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha. The Property is easily accessible by highway 567 and a well-maintained secondary road.

Over CAD$25 million has been spent thus far, (2020 dollars inflation-adjusted) on the Teledyne Property resulting in valuable infrastructure including a development ramp and a modern decline going down 500 ft parallel to the main cobalt mineralized vein. The Teledyne Property is subject to a production royalty in favor of New Found Gold and an off-take agreement in favor of Glencore Canada Corp., while the Glencore Bucke Property is subject to a back-in provision, production royalty, and an off-take agreement in favor of Glencore Canada Corp. Glencore PLC is the world's largest producer of cobalt. A significant portion of the cobalt that was produced at the Agaunico Mine was located along structures (Vein #15) that extended southward towards the northern boundary of the Teledyne Cobalt Property, currently 100% owned by FUSE. Mineralization was generally located within 125 ft (38.1 m) above the Huronian/Archean unconformity. Stoping widths of up to 50 ft (15.2 m) were not unusual at the Agaunico Mine (Cunningham-Dunlop, 1979).

On Behalf of the Board of Directors
"Tim Fernback"

Tim Fernback, President & CEO
Contact Information:
Email: info@fusebatterymetals.com
Phone: 236-521-0207

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

This news release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of the Corporation. The securities of the Corporation have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and shareholder approval. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

The Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.

SOURCE: Fuse Battery Metals

View the original press release on ACCESS Newswire

FAQ

What is the value of Fuse Battery's acquisition of Pointor AI?

The acquisition involves issuing 50 million common shares of Fuse Battery, with the final share price to be determined by the concurrent private placement pricing at CAD$0.05 per share.

How will FUSEF's business change after acquiring Pointor AI?

FUSEF will transition from a mineral exploration company to a technology company focused on AI-driven recruitment solutions, targeting the executive search market with potential cost savings of 80-90%.

What are the key revenue models for Pointor AI?

Pointor AI has two revenue models: a per-placement fee of £500 plus 5% of first-year salary (averaging £5,500 per hire) and an enterprise subscription model at £5,000 monthly (£60,000 ARR).

How much financing is FUSEF raising for the Pointor AI transaction?

FUSEF plans to raise CAD$2.0 million through a private placement of subscription receipts at CAD$0.05 per receipt to fund software development, marketing, and operations.

Who will lead FUSEF after the Pointor AI acquisition?

Jessie Johnson, currently owning 66.67% of Pointor AI, will become CEO, with new management including Tarka L'Herpiniere as CTO and Oliver Willett as Strategic Advisor.

What are the key milestones for the share escrow release?

The 50 million shares will be released in stages based on milestones including: MVP completion, first revenue, achieving £175,000 in sales, reaching £3,667,500 in revenue, and launching the B2C product with 100 customers.