Fuse Battery Shareholders Approve Pointor AI Reverse Takeover and $2 Million Financing

The latest update is out from Fuse Cobalt ( (TSE:FUSE) ).

Fuse Battery Metals’ shareholders have overwhelmingly approved all resolutions at the company’s Annual General and Special Meeting, including the re-election of its board, reappointment of auditors and governance changes that align with its strategic pivot toward technology. Central to the approval is a reverse takeover of Pointor AI that will transform Fuse from a mining exploration issuer into a technology company, to be executed through the issuance of 50 million common shares at $0.05 per share and supported by a C$2 million subscription receipt financing at the same price. The transaction includes a detailed performance-based escrow structure for the new shares, tying the staged release of 50 million shares to Pointor AI’s operational milestones such as completion of a B2B minimum viable product, initial and cumulative B2B revenue thresholds, and launch of a second B2C product, underscoring a strong linkage between shareholder dilution and the achievement of concrete commercial results.

Spark’s Take on TSE:FUSE Stock

According to Spark, TipRanks’ AI Analyst, TSE:FUSE is a Neutral.

Fuse Cobalt’s score is primarily impacted by its financial performance, marked by consistent losses and negative cash flow despite a strong balance sheet. The technical indicators suggest a lack of momentum, and valuation metrics are unattractive with a negative P/E ratio.

To see Spark’s full report on TSE:FUSE stock, click here.

More about Fuse Cobalt

Fuse Battery Metals Inc., listed on the TSX Venture Exchange, OTCQB and Frankfurt, has historically operated as a Tier 2 mining exploration company focused on battery metals. The company is now repositioning itself to become a Tier 2 technology issuer through a reverse takeover of Pointor AI, shifting its core business from mineral exploration to artificial intelligence-driven technology solutions.

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$1.69M

See more insights into FUSE stock on TipRanks’ Stock Analysis page.