Fuse Battery Announces Annual General Special Meeting Results, Subscription Receipt Financing and Update on the Reverse Take Over with Pointor AI

Core Viewpoint - Fuse Battery Metals Inc. has successfully held its Annual General and Special Meeting, with all resolutions approved by over 99.044% of votes in favor, including the significant Reverse Take Over (RTO) transaction with Pointor AI [1][3]. Group 1: Meeting Resolutions - The following individuals were re-elected as Directors: Tim Fernback, Robert Setter, Ryan Cheung, Chip Richardson, and Andrew Gertler [2]. - SHIM & Associates LLP was re-appointed as the Company’s auditors [3]. - The RTO with Pointor AI was approved, transitioning the Company from a Tier 2 Mining Exploration Company to a Tier 2 Technology Company [3]. Group 2: RTO Transaction Details - Fuse will acquire Pointor AI through the issuance of 50,000,000 common shares at a deemed price of $0.05 per share [7]. - The RTO transaction includes a CAD$2.0 million private placement financing, with shares issued at CAD$0.05 per share [8]. - Performance escrow conditions will apply to the shares issued as part of the transaction, with specific milestones for release [9][10]. Group 3: Financial Overview of Pointor AI - As of September 30, 2025, Pointor AI reported total assets of $7,627 and total liabilities of $32,600, with expenses amounting to $25,073 and a loss per share of $(2.51) [5][6]. Group 4: Management Changes - Following the RTO, Tim Fernback will serve as President and CEO, with Robert Guanzon as CFO and Tina Whyte as Secretary [4]. - New proposed management includes Jessie Johnson as CEO, Tarka L'Herpiniere as CTO, and Oliver Willett as Strategic Advisor, all bringing extensive experience in their respective fields [18][21][24]. Group 5: Use of Funds from Private Placement - The estimated available funds from the private placement will be allocated as follows: CAD$400,000 for Research and Development, CAD$200,000 for Product Marketing and Sales, CAD$400,000 for Management Salaries and G&A, and CAD$150,000 for Legal and Regulatory Expenses [15]. Group 6: Company Background - Fuse Battery Metals Inc. is focused on the exploration of high-value metals essential for battery manufacturing and trades under the symbol FUSE on the TSX Venture Exchange [28].