Aeternum Health acquires option to buy 51% stake in American Renaissance Minerals
AETN•Option to acquire controlling stake in Nkamouna project
Aeternum Health obtained an option to acquire a 51% stake in American Renaissance Minerals, which is advancing Cameroon’s Nkamouna cobalt-nickel-manganese project.
Consideration to Manaslu LLC includes 50,000,000 common shares and 2,000,000 Series B preferred shares with 40 votes per share.
American Renaissance Minerals is working with Cameroon to secure a new mining permit for Nkamouna following the prior permit’s withdrawal in February 2025.
The deal positions Aeternum to fund development and apply its engineering capability to move the project toward production and concentrate exports.
