Mergers & Acquisitions ·
Aeternum Health acquires American Renaissance Minerals LLC for up to 133.3M shares contingent on milestones
AETNAeternum Health, Inc.
Aeternum Health, Inc. entered into a Membership Interest Purchase Agreement to acquire all interests in American Renaissance Minerals LLC (ARM), the sponsor of the Nkamouna Nickel-Cobalt mining project in Cameroon, from American Renaissance Resources LLC. The Company agreed to issue up to 133,333,333 pre-split shares or pre-funded warrants contingent on project milestones. ARM is currently working with the Government of Cameroon to secure a new mining permit for the property, which was previously permitted but had its permit withdrawn in February 2025. The transaction consolidates Aeternum's prior option for a 51% interest into full ownership and includes an Investor Rights Agreement granting ARR observer rights on the Board if it holds over 9.9% of Registrable Securities. The deal is expected to close in the fourth quarter of 2026. Aeternum Health, Inc. operates in the critical minerals mining industry, seeking to develop assets for nickel, cobalt, and other strategic metals.