Aeternum Health agrees to buy American Renaissance Minerals in all-stock deal of up to 133,333,333 shares
AETN•Aeternum Health agreed to acquire all of American Renaissance Minerals for up to 133,333,333 common shares or pre-funded warrants, issued in stages tied to project milestones. The deal is expected to close in the fourth quarter of 2026, subject to customary conditions.
1. Deal terms
Aeternum Health agreed to acquire 100% of American Renaissance Minerals, replacing an Aug. 7, 2026, option to buy a 51% stake. Consideration includes up to 133,333,333 common shares or, if needed, pre-funded warrants, issued in stages tied to project milestones.
2. Project permit
American Renaissance Minerals is advancing Cameroon’s Nkamouna cobalt-nickel-manganese project and working with the government toward a new mining permit. The prior permit was withdrawn in February 2025.
