secwatch.observer — SEC 8-K summary
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Issuer:     SHOREPOWER TECHNOLOGIES INC. (AETN)
CIK:        0000764630
Form:       8-K
Filed at:   2026-09-01T14:30:13+00:00
Accession:  0001493152-26-040954
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aeternum Health pivots to critical minerals, names new CEO, raises $4M for Nigeria tin mine
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764630/000149315226040954/0001493152-26-040954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764630/000149315226040954/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-040954

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