Fuse Battery Announces the Signing of the Share Exchange Agreement with Pointor AI for a Proposed Change of Business/Reverse Take-Over

Core Viewpoint - Fuse Battery Metals Inc. has entered into a formal Share Exchange Agreement to acquire 100% of Pointor AI, a recruitment technology company focused on artificial intelligence, which is expected to enhance Fuse's business operations and shareholder value [1][2][5]. Company Overview - Fuse Battery Metals Inc. is a Canadian exploration company focused on high-value metals for battery manufacturing, trading under the symbol FUSE on the TSX Venture Exchange [37]. - Pointor AI is a newly incorporated private company in British Columbia, dedicated to AI software commercialization for the HR and recruitment industries [4]. Transaction Details - The acquisition will be executed through a share exchange transaction involving the issuance of 50,000,000 common shares at a deemed price of $0.05 per share [10]. - The transaction is subject to shareholder approval and TSX Venture Exchange (TSXV) approval [1][22]. Pointor AI's Business Model - Pointor AI's platform aims to reduce executive and specialist hiring time by 80% and costs by up to 90% compared to traditional methods, which typically charge 30-35% of the first-year salary [2][8]. - The company employs a dual revenue model: a per-placement fee model and an enterprise subscription model, with an average monthly fee of £5,000 [7]. Market Potential - The global recruitment market is valued at US$757 billion in 2024 and is projected to reach US$2.3 trillion by 2033, with a CAGR of 13.1% [6]. - Pointor AI targets large enterprises with over 10,000 employees, focusing initially on the UK and North America, with plans for expansion into the EU and Asia [6]. Technology and Innovation - Pointor AI's platform utilizes machine learning and natural language processing to analyze publicly available professional data, offering features like competitor research and salary benchmarking [3]. - The platform's architecture consists of four layers: data collection, processing, intelligence, and interface, designed to provide an intuitive user experience [3]. Management Team - The management team of Pointor AI includes Jessie Johnson as CEO, Tarka L'Herpiniere as CTO, and Oliver Willett as Strategic Advisor, all of whom bring extensive experience in technology and recruitment [4][25][30]. - Jessie Johnson has over 20 years of experience in executive search and has successfully expanded operations into international markets [25][26]. Financial Information - Financial statements for Pointor AI were not available at the time of the news release, and summary financial information will be disclosed later [9]. - The company plans to complete a private placement of subscription receipts for a minimum of CAD$2.0 million to support the transaction [20].