Dividends & Buybacks ·
Aeternum Health, Inc. announced a strategic pivot to become Aeternum Resources, Inc., focusing on supplying critical…
AETNAeternum Health, Inc.
Aeternum Health, Inc. announced a strategic pivot to become Aeternum Resources, Inc., focusing on supplying critical minerals like tin and niobium from a mine in Nigeria's Jos Plateau expected to enter commercial production in the first half of 2027. The company appointed Paul Mann as President and Executive Chairman and Josua Oosthuizen as CEO, with Oosthuizen receiving a $240,000 base salary plus milestone bonuses up to $800,000. Pieter Scholtz was hired as CFO with a $165,000 annual salary. The company raised over $4 million in financing from Mann via promissory notes and exchanged $1.5 million of debt for 75 million shares valued at $0.02 each. Shareholders approved an increase in authorized common stock to 500 million shares and a 1-for-20 reverse stock split, effective upon FINRA announcement or 20 days after mailing the information statement. The company operates in the critical minerals mining industry.