Corporate Update on Fuse Battery Metals Inc.
Fuse Battery Metals Inc. (TSXV: FUSE, OTCQB: FUSEF, FRA: 43W3) announced on 24 February 2026 that it has obtained conditional approval from the TSX Venture Exchange and shareholder approval to proceed with a private placement of subscription receipts in connection with the approved Reverse Take‑Over (RT‑O) transaction with 1545726 B.C. Ltd dba Pointor AI. The RT‑O will convert Fuse from a Tier 2 mining exploration company to a Tier 2 technology company, consistent with Exchange Policy 5.2.
Private Placement Details
| Item | Description |
|---|---|
| Instrument | Subscription receipts |
| Price per Receipt | CAD 0.05 |
| Minimum Amount | CAD 2.0 million |
| Maximum Amount | CAD 3.5 million |
| Conversion | Each receipt converts to one common share of Fuse upon closing of the RT‑O |
The placement will raise funds to support the company’s strategic initiatives. Finder’s fees will be paid only after completion of the transaction and are subject to Exchange approval in accordance with policy.
Allocation of Funds
| Purpose | Minimum (CAD) | Maximum (CAD) |
|---|---|---|
| Research and Development | 400,000 | 600,000 |
| Product Marketing and Sales | 200,000 | 300,000 |
| Management Salaries and G&A | 400,000 | 500,000 |
| Legal and Other |
The table above lists the estimated available funds of the resulting issuer before and after the private placement. The principal uses of the proceeds are to enhance research and development activities, support product marketing and sales efforts, cover management salaries and general & administrative expenses, and fund legal and related costs.
Market Context
Fuse Battery Metals Inc. trades on the TSX Venture Exchange and operates in the metals and mining sector, focusing on energy metals used in lithium‑ion battery production. As of 22 February 2026, the company’s share price was CAD 0.05, with a 52‑week high of CAD 0.06 and a 52‑week low of CAD 0.03. The market capitalization stood at approximately CAD 1.69 million. The company’s price‑earnings ratio is negative, reflecting its growth‑stage status.
Outlook
The approved private placement and the RT‑O transaction provide Fuse Battery Metals Inc. with capital to accelerate its transition toward technology‑focused activities and to fund critical research, marketing, and operational expenses. The company will continue to report progress on its exploration and development initiatives, as outlined on its website at www.fusecobalt.com .
