Mergers & Acquisitions ·
Aeternum Health, Inc. acquired an option to purchase a 50.1% stake in American Renaissance Materials LLC, the sponsor…
SPEVShorepower Technologies Inc.
Aeternum Health, Inc. acquired an option to purchase a 50.1% stake in American Renaissance Materials LLC, the sponsor of the Nkamouna Nickel-Cobalt mining project in Cameroon. The transaction was settled for 50,000,000 shares of common stock and 2,000,000 shares of Series B preferred stock. This acquisition marks the company's entry into the critical minerals sector, aiming to supply cobalt, nickel, and manganese to U.S. supply chains. The Nkamouna project has undergone feasibility-level engineering and environmental studies, with plans for an on-site concentrator to produce exportable concentrate. Aeternum Health, Inc. operates in the healthcare industry but is pivoting its strategic focus toward critical mineral mining and processing.