Recent Updates — AETN

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of Cameroon to secure a new mining permit for the property, which was previously permitted but had its permit withdrawn in February 2025.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.

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.