other material
confidence high
sentiment positive
materiality 0.85
Aeternum Health pivots to critical minerals, names new CEO, raises $4M for Nigeria tin mine
SHOREPOWER TECHNOLOGIES INC.
- Aeternum Health to become Aeternum Resources; Paul Mann named President/Executive Chairman, Josua Oosthuizen CEO effective July 31, 2026.
- Raised over $4M from Mann via promissory note for Nigeria tin/niobium/tantalum mine; commercial production expected 1H 2027.
- Oosthuizen gets $240k base, 60% bonus, milestone bonuses up to $200k each for $3M/$6M/$9M/$12M monthly revenue targets.
- Pieter Scholtz appointed CFO at $165k salary; shareholders approved 500M authorized shares and 1:20 reverse split.
- Processing plant (90 tph, ~500k t/yr) shipped from South Africa, installation expected 4Q 2026; $1.5M debt exchanged for 75M shares at $0.02.
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