Fuse Battery Announces Amended Subscription Receipt Financing Details

About this update from Fuse Battery Metals Inc

COQUITLAM, BC / ACCESS Newswire / February 24, 2026 / Fuse Battery Metals Inc. ("the Company" or "Fuse") (TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3) announces that in connection with the approval of the Reverse Take Over ("Transaction") with 1545726 B.C Ltd dba Pointor AI from a Tier 2 Mining Exploration Company to a Tier 2 Technology Company in accordance with TSX Venture Exchange ("Exchange") Policy 5.2 previously announced on July 16, September 16 and December 23, 2025. The Company has now obtained conditional Exchange approval and Shareholder approval and in connection with the Transaction, and subject to Exchange approval, the Company now intends to complete a private placement of subscription receipts for a minimum of CAD$2.0 Million up to a maximum of CA$3.5 Million (the "Financing") at a price of CAD$0.05 per subscription receipt. Immediately upon completion of the Transaction, each subscription receipt will convert to a single common share of the Company on closing of the Transaction. Finder's fees will be paid in connection with the private placement subject to compliance with Exchange policies and the Financing and finder's fees are subject to the approval of the Exchange. Finder's fees will not be paid until closing of the Transaction. The following table sets forth the estimated Available Funds of the Resulting Issuer before and after Giving effect to the private placement financing on a minimum amount of $2M to a maximum amount of $3.5M. The principal purposes of the Available Funds from the private placement will be as follows: All securities issued pursuant to the Financing, Transaction and finder's fees will be subject to a hold four month and a day hold period as required under applicable Canadian securities legislation. Stock Option Grant Concurrent with Closing of the Transaction, management will issue 13,795,353 incentive stock options for a five-year term under the Company's amended stock option plan exercisable at a CDN$0.05 per share for a term of five years to be vested immediately. Pro Forma Consolidated Capitalization The following table sets forth the pro forma share and loan capital of the Resulting Issuer on closing of the Transaction and the financing on a minimum financing amount of 40,000,000 shares to a maximum amount of 70,000,000:   Fully Diluted Shar...

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