Fuse Battery Metals to Acquire AI Firm Pointor AI

Fuse Battery Metals Inc. has announced a Share Exchange Agreement to acquire 100% of Pointor AI, marking a shift towards AI-driven recruitment technology. This transaction is pending shareholder and TSXV approval. Tim Fernback, Fuse's CEO, expressed enthusiasm about entering the AI sector, aiming to capitalize on Pointor AI's innovative recruitment platform that claims to reduce hiring costs and time significantly.

Pointor AI, led by CEO Jessie Johnson, plans to use the partnership to scale its AI-driven platform, designed to transform recruitment processes. The company's expansion strategy targets large enterprises in the UK and North America, with further plans for the EU and Asia.

The deal involves issuing 50 million Fuse common shares at $0.05 each, with shares held in escrow against various performance milestones. The concurrent private placement is expected to raise CAD$2 million, aimed at supporting software development and marketing.