Fuse Battery Metals Inc. press release
Fuse Battery Announces Termination of Proposed Reverse Take-over Transaction and Concurrent Financing
TSXV - TSX Venture Exchange · Lithium · Cobalt · Silver · Nickel · Copper · Zinc · Gold · Canada
(TheNewswire)
| [](https://fusebatterymetals.com/) | | | [](https://thenewswire.com/api/apps/tnw/r?i=AJ6FoyQA&m=lin) | |
Maple Ridge, BC, September 22, 2026 - TheNewswire– Fuse Battery Metals Inc. (“the Company” or “Fuse”) (TSXV: FUSE, OTC: FUSEF, FRA: 43W3) announces that it will not be proceeding with its previously announced proposed subscription receipt financing (“Financing”) and concurrent reverse take-over transaction (the “Proposed Transaction”) between the Company and 1545726 B.C. Ltd. dba Pointor AI (“Pointor AI”). The Company and Pointor AI entered into a Share Exchange Agreement dated September 9, 2025 as amended April 23, 2026 (collectively the ”Agreement”).
The Proposed Transaction was subject to a number of conditions, including the completion of a Financing. The Financing was not completed within the timeframe contemplated by the Company and the TSX Venture Exchange. As a result, the proposed Transaction will not proceed.
The Company also announces that it has entered into a termination agreement (the “Termination Agreement”) with Pointor AI dated August 10, 2026 pursuant to which the parties have agreed to terminate the previously announced Proposed Transaction.
Pursuant to the Termination Agreement, the Transaction has been terminated effective August 10, 2026, and the parties have been released from their respective obligations under the Agreement and Proposed Transaction, subject to any provisions that expressly survive termination.
The Company appreciates the time and effort contributed by the management teams from both parties during the course of the negotiation process.
The Company intends to continue pursuing growth opportunities through strategic acquisitions and may consider financing alternatives to support its working capital requirements and future business initiatives
The Company has requested that the TSX Venture Exchange lift the trading halt that was imposed in connection with the Proposed Transaction. The Company anticipates that trading in its common shares will resume following confirmation from the TSX Venture Exchange that the halt has been lifted. Shareholders will be advised if any further material developments arise.
The Company also announces that Andrew Gertler has resigned as a director of the Company. We thank Mr. Gertler for his contributions to Fuse and wish him well in his future endeavors.
[]()AboutFuseBattery MetalsInc.https://fusebatterymetals.com
FuseBatteryMetalsInc.isaCanadianbasedexplorationcompanythattradesunderthesymbolFUSE ontheTSXVentureExchange.TheCompany's focusis onexplorationforhighvaluemetalsrequired for the manufacturing of batteries.
[]()OntarioCobaltProperties
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.TheGlencoreBuckePropertyconsistsof16.2hectaresandsitsalongthewestboundary of Fuse’s Teledyne Cobalt Project.The Company also owns a 100% interest, subject to a royalty, in theTeledyneProjectlocatednearCobalt,Ontario.TheTeledynePropertyadjoinsthesouthandwest boundaries of claims that hosted the Agnico Mine.
[]()GlencoreBucke/TeledyneProperty
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,theAgaunico Mine produceda total of4,350,000 lbs. of cobalt (“Co”), and980,000ozofsilver (“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 todepressedCopricesandover-supply(Thomson,1964).TheGlencorepropertyis100%ownedby 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 miningclaimstotaling79.1ha,and46unpatentedminingclaimcellstotalingapproximately700ha. 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 goingdown500ftparalleltothemaincobaltmineralizedvein.TheTeledynePropertyissubjecttoa productionroyaltyinfavorofNewFoundGoldandanoff-takeagreementinfavorofGlencoreCanada Corp.,whiletheGlencoreBuckePropertyissubjecttoaback-inprovision,productionroyalty,andan off-takeagreementinfavorofGlencoreCanadaCorp.GlencorePLCistheworld’slargestproducerof cobalt.AsignificantportionofthecobaltthatwasproducedattheAgaunicoMinewaslocated 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 within125ft(38.1m)abovetheHuronian/Archeanunconformity.Stopingwidthsofupto50ft(15.2 m) were not unusual at the Agaunico Mine (Cunningham-Dunlop, 1979).
[]()OnBehalfofthe BoardofDirectors
“Tim Fernback”
[]()TimFernback,President &CEO
ContactInformation:
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.
The Exchangehas in no way passed upon the merits of the Transactionand has neither approved nor disapproved the contents of this news release.
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