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‘It’s my second home!’ Gen Z and the sudden, surprising boom of luxury gyms | Fitness

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The best part of Owen Willis’s day is his morning shower. Notes of lavender and eucalyptus waft through his private, stone-tiled shower room as he uses a £32 bottle of Cowshed bodywash. He dries off with a fluffy white towel before slathering on Cowshed body lotion (£24).

This isn’t Willis’s home, however. It’s his gym. He belongs to Third Space in London, which calls itself a “luxury health club”. Memberships start at £230 a month for an individual site and go as high as £305 for access to all of its branches, including the Mayfair club, where gym-goers can expect “UV-treated fresh air” and “a Himalayan sea-salt walled sauna and steam room”.

The 23-year-old, who works in marketing, has been a member since he was 18. He describes it as his “second home”, where he estimates he spends about 22 hours a week. “It’s a massive part of my life,” he says. It is also a massive part of his income: his membership sets him back £279 a month – which, when he started going, was about 10% of his monthly wage.

Take a dip … Third Space Richmond’s pool.

Willis is one of the growing number of gen Zs – those aged 13 to 28 – for whom gym membership is an essential part of their monthly outgoings. In the UK, 27% of adults under 25 consider gym membership a necessity, according to a survey by the credit-rating service Intuit Credit Karma. Many young people would rather invest in fitness than spend money on eating out or going clubbing. A survey by the Gym Group, which operates hundreds of gyms across the UK, found 22% of 18- to 24-year-olds spend more than £50 a month on fitness-related memberships and activities, 18% prioritise spending on health and fitness instead of socialising, while 16% place it above going to pubs or restaurants.

Willis says he has seen a “big shift” among his friends, who go out to dinner less and go to “nicer” gyms instead which, as well as featuring fully kitted gyms and fitness classes, include saunas and steam rooms, massage guns and hydrotherapy pools. “It’s more than a gym,” says Willis. “I go and relax there; I work from there all the time. There’s other stuff, too, like yoga and sound-bath meditation.”

The gym has also served as a form of escape from house-sharing. At one point, Willis was living with six people, in a house that had a mouse infestation and only two showers. Damp towels were scattered across the bathroom floor and the shower was crusted with limescale. As a result, he never showered at home. “It was really horrible. Then I’d go to Third Space and the concierge would know my name and give me a fluffy towel when I walked in. If they knew what my apartment was like at the time, they probably would have cancelled my membership,” he jokes.

On reflection … the male changing room at the Surrenne gym in Belgravia.

Third Space is kitted out with irons, starch spray and even, for an additional cost, a dry-cleaning service. “I don’t own an iron so, if I needed to iron something, I would cycle to the gym and do it there,” says Willis. His use of the gym’s facilities has kept other costs low. He rarely buys toiletries, using the expensive products available in the changing rooms instead, and even though he now lives alone, he still only has a shower at home about once a month.

The rise of young gym devotees like Willis mean the luxury gym business is booming. Third Space – which has expanded its number of clubs from one in 2001 to 13 in 2025, with more on the way – saw consumer spending in its gyms rise by 41.1% between December 2023 and December 2024, according to the business consultancy firm CACI. Other chains – including Third Space’s suburban competitor, David Lloyd, where memberships for its flagship locations can set you back £150 a month or more – have also seen soaring growth. A survey by UKActive, the trade body that represents most of Britain’s fitness operators, found that gen Z is the key demographic driving the record numbers of Britons going to the gym.

‘A new paradigm for wellbeing’ … the Tracy Anderson studio at the Surrenne gym in Belgravia.

The gyms themselves are also becoming more luxurious. At Lanserhof, the gym at the Arts Club in Mayfair, memberships start at £6,500 a year. Surrenne in Belgravia, central London, charges £10,000 a year for membership, plus a £5,000 joining fee (patrons will apparently experience a “new paradigm for wellbeing”). CPASE in Cheshire, which has been described by Tatler as a “gym more luxurious than any other”, offers “oxygen-enriched air” in its “revolutionary fitness playground” for nearly £4,000 a year. A membership for the fitness facility at Cliveden House, the grand Berkshire manor that was the site of the Profumo affair, will set you back nearly £6,000 a year.

Breathe easy … a hyperbaric chamber treatment room at the Surrenne gym.

Niyi Akinseye has been training in the gym for more than 10 years. “It began with me being an overweight and uncomfortable 15-year-old,” he says. “I was very conscious about the way I looked.” The 26-year-old, who works as a regional project lead at a human rights charity, is planning to make a career switch next month to become a full-time fitness coach.

He goes to GymBox, which was called one of London’s best luxury gyms by Esquire in 2023. After his membership, £95 a month, and other classes and equipment, Akinseye says he spends about £250 a month on fitness, or 10% of his take-home pay. Akinseye says he has met friends “with similar goals and passions”, and affluent clients for his burgeoning fitness-coaching services. “The more I pay for the gym, the better opportunities I’ve found,” he says.

After being greeted by the receptionist, then handed a fresh towel, with the knowledge a sauna session is just around the corner, he says he “feels happy and like I’m ready to do my work”. He calls fitness a “form of therapy – there’s something very therapeutic about moving your body and finding something you can channel your emotions into”.

Fine dining … the cafe at the Surrenne gym in Belgravia.

It is no secret that young people, including gen Z, face big challenges. Akinseye says this was partly why he became interested in fitness. “Seeing the results was very satisfying in a world where there are lots of uncertainties for young people,” he says. “A job isn’t guaranteed in this world, as it perhaps was for previous generations.” Having a gym membership, he says, has helped give him a sense of stability.

Exercise classes have also become more popular with young people. Nishka Parekh, who lives in London, spends about £75 a month on various classes, including pilates. For the 24-year-old marketing manager, fitness is “definitely a social activity”. She says: “Sometimes, me and my friends would plan to go to a workout class on a Friday before going to the pub.”

While she hasn’t gone fully teetotal like many other people her age, Parekh says it’s nice to do something social that “doesn’t revolve around drinking and is better for your health”, physically and mentally. “Fitness definitely helps improve my mental health,” says Parekh. “If I’m having a really rough day at work, or a tough time in general, going to an exercise class or the gym always makes me feel a lot better.”

Willis feels similarly. “I get more out of it outside of fitness,” he says. “The mental health benefits of going to a nice gym are massive, because you’re surrounded by people who are also more invested in their fitness.”

Unlike the grotty sweatboxes that once dominated the market (and where many sped through their workouts, eager to leave as soon as possible), luxury gyms are working incredibly hard to keep clients there as long as possible. Third Space’s CEO, Colin Waggett, has said its members should “get the same sort of experience [in our clubs] as in a Firmdale hotel” – referring to the boutique hotel chain. On top of high-end fitness equipment, many Third Space clubs have dedicated workspaces, cafes and wellness centres. In its flagship Canary Wharf branch, members can have botox (starting at £189 for one area) or a Brazilian lymphatic drainage massage (£95 for a 50-minute session).

At David Lloyd, as part of a £500m investment in its clubs, the firm announced earlier this year that it was going to add workspaces and spa retreats to a number of locations, to create clubs that, the company says, are places for “me-time, together-time, work, rest and playtime”.

Willis says scaling back his fitness spending, especially axing his Third Space membership and swapping to a cheaper alternative, is “out of the question”. “I haven’t really thought about moving to a cheaper gym; it’s just never going to be the same,” he says. “I’d probably go once, say: ‘I don’t want to stay here any more,’ and leave.”



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Fuse Battery Announces the Signing of the Share Exchange Agreement with Pointor AI for a Proposed Change of Business/Reverse Take-Over

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Coquitlam, BC – TheNewswire – September 16, 2025 – Fuse Battery Metals Inc. (“the Company” or “Fuse”) (TSXV: FUSE, OTCQB: FUSEF, FRA: 43W3) announces that further to its news release dated July 17, 2025 announcing the execution of the binding Letter of Intent (the “LOI”) dated July 17, 2025, the Company has now entered into a formal Share Exchange Agreement (the “Agreement”) with 1545726 B.C. Ltd. (dba “Pointor AI”) for the acquisition of 100% of its common and preferred shares, by way of a share exchange transaction (the “Transaction”).  Subject to Section 4.1 of TSX Venture Exchange (the “TSXV”) Policy 5.2, the Transaction is subject to shareholder approval and TSXV approval.  The Agreement was entered into at arm’s length.

Mr. Tim Fernback, current Fuse President & CEO states “We are very excited about the opportunity to acquire a new and innovative company focused on the fast-paced world of artificial intelligence.  Jessie Johnson, the CEO of Pointor AI, has been active in the HR / executive recruitment space for over 15 years, and really knows first-hand how artificial intelligence is transforming her industry.  With Jessie leading the way, and with the addition of her team of talented technology and recruitment professionals, the Company is going to be in good hands as we enter this new and exciting business.  The shareholders will ultimately reap the benefit of the many months we have been sourcing and negotiating such a great opportunity.”

Pointor AI is a novel recruitment technology business that is developing an AI-driven platform that management believes reduces executive and specialist hiring time by 80% and costs by up to 90% compared to traditional executive search methods, which typically charge 30-35% of first-year salary.

The Pointor AI-driven recruitment platform leverages machine learning and natural language processing to analyze publicly available professional data, offering features including competitor research, automated org chart building, talent mapping, and salary benchmarking. The platform’s four-layer architecture (data collection, processing, intelligence, and interface) delivers an intuitive user experience for both recruiters and hiring managers.

1545726 B.C. Ltd., dba Pointor AI, is a newly incorporated BC private company dedicated to the commercialization of AI software for the Human Resources, Executive Search and Recruitment Industries.   The principals of this company are Ms. Jessie (Fan) Johnson, CEO, Mr. Tarka L’Herpiniere, CTO, and Oliver Willett, Strategic Advisor.  Ms. Jessie (Fan) Johnson is a control person and currently owns 66.67% of the issued and outstanding shares of 1545726 B.C. Ltd.

Ms. Jessie Johnson, CEO, Pointor AI comments Joining forces with Fuse allows Pointor AI to push far beyond the limits of a typical start-up. With this partnership, we can invest heavily in scaling our platform, accelerate product innovation, and expand into markets we could not reach on our own. The real excitement lies in what comes next—building technology that doesn’t just streamline recruitment, but fundamentally changes how companies identify, engage, and hire world-class talent. We see a future where executive search is faster, more transparent, and more accessible than ever before, and this transaction gives us the foundation to make that vision a reality.”

Founded in 2025 and headquartered in London, United Kingdom, Pointor AI plans to complete the development and commercialization of its first AI-powered product in calendar 2025 which it plans to first deploy in the European financial services industry under a Software-As-A-Service (“SAAS”) model.

 

The global recruitment market, valued at US$757 billion in 2024, is projected to reach US$2.3 trillion by 2033 (CAGR 13.1%). Pointor AI targets large enterprises with 10,000+ employees, focusing initially on the UK and North America, with planned expansion to the EU in Year 2 and Asia in Year 3.

 

Pointor AI employs a dual revenue model: (1) Per-Placement Fee Model with a base fee of £500 per job plus 5% of first-year salary, averaging £5,500 per hire; and (2) Enterprise Subscription Model with an average monthly fee of £5,000 (£60,000 ARR), including unlimited searches and dedicated support. Our competitive advantages include proprietary data assets, specialized executive search focus, enterprise grade technology with rapid implementation (2-4 weeks vs. industry standard 3-6 months), and significant cost advantages (80-90% savings vs. traditional executive search).

 

Summary of Financial Information

 

Financial statements for Pointor AI were not available at the time of this news release. As such, summary financial information will be disclosed at a later date in accordance with the policies of the TSXV.

 

Terms of the Transaction

Subject to the execution and delivery of a mutually acceptable definitive agreement, Fuse will acquire Pointor AI through the issuance of an aggregate of 50,000,000 of its common shares at a deemed price of $0.05 per share, by way of a share exchange transaction (the “Transaction”).  

The Pointor AI shareholders will receive a price per Consideration Share that is anticipated to be equal to the price per share to be issued in the private placement financing that the Company intends to complete concurrently with the Transaction, as described further below in this News Release.  

In addition to the escrow requirements of the TSXV, Fuse common shares issued as part of the Transaction will be subject to the following performance escrow conditions, managed by the Company’s Transfer Agent or suitable authority, and released upon successfully demonstrating the following Milestones have transpired.  If required by the TSXV, the performance escrow releases may be subject to timing constraints as a part of the terms of release.  If this is the case, then the Parties will negotiate additional time-based escrow release criterion based on the Pointor AI stated business plan and financial projections that will also apply to the escrow release schedule as a Term of Escrow Release.

 

 

Shares subject to Performance Escrow Release

Terms of Performance Escrow Release

Initial Release

8,000,000

Upon TSXV Transaction Final Approval

Escrow Milestone 1

8,000,000

Upon the successful completion and announcement of the B2B (“Business to Business”) Minimum Viable Product as referenced in the Pointor AI business plan.

Escrow Milestone 2

8,000,000

Upon the successful recognition of the first CAD$1 of sales revenue from a third-party B2B customer sale and as stated in the Company’s Quarterly Financial Statements (“FS”)

Escrow Milestone 3

8,000,000

After recognizing the first CAD$323,750 in cumulative B2B sales revenue in the FS

Escrow Milestone 4

8,000,000

After recognizing the first CAD$6,784,875 in cumulative B2B sales revenue in the FS

Escrow Milestone 5

TOTAL

10,000,000

   50,000,000

After the successful development and launch of the Company’s second product for sale (Business to Consumer or “B2C”) and record revenue from the first 100 individual customers from third-party sales in the FS

 

OR

 

After recognizing the first CAD$8,000,000 in cumulative B2B sales revenue in the FS

Subject to the approval of the TSXV, all Escrow Milestones shall be accelerated giving rise to the release of any remaining Performance Shares, upon any sale, take-over-bid, amalgamation or plan of arrangement resulting in a change of control of the Resulting Issuer in a transaction, or series of related transactions.

 

Sponsorship

 

Sponsorship of a change of business/reverse take-over transaction is required by the TSXV unless exempt in accordance with TSXV policies or the TSXV provides a waiver from sponsorship requirements. Fuse intends to apply for a waiver from the sponsorship requirements; however, there is no assurance that it will be able to obtain a waiver from sponsorship requirements if an exemption from sponsorship is not available.

Each party shall be responsible for its own costs and expenses incurred with respect to the Transaction.

Upon the successful execution of the July 17, 2025 LOI, Fuse loaned Pointor AI CAD$25,000, to apply towards the Transaction costs incurred by Pointor AI.  If the Transaction is successfully completed on the TSXV, no interest will accrue on this loan and the loan will be forgiven in its entirety as part of the Transaction.  If the Transaction is not successfully concluded within twelve months of successful LOI execution, an interest rate of 10% per annum will accrue and the loan will become payable to Fuse on demand.

In connection with the Transaction, a finder’s fee is payable in the amount of 1,500,000 shares to an arm’s length party.  The finder’s fee is subject to a successful completion of the Transaction and is payable on the same terms as the milestone provisions above with 250,000 share increments, as per TSXV Policy 5.1 and is subject to TSXV approval.

Upon Completion of the Transaction the Company will be classified as a Tier 2 Technology Issuer on the TSXV.

Financing

In connection with the Transaction, and subject to TSXV approval, the Company intends to complete a private placement of subscription receipts for minimum gross proceeds of CAD$2.0 million (the “Financing”) at a minimum price of CAD$0.05/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.  The Financing may be brokered or non-brokered and Agent’s commissions and/or finder’s fees in cash or securities may be payable in connection with the Financing subject to compliance with TSXV policies and the Financing and finder’s fees are subject to the approval of the TSXV.  Proceeds from the Financing are expected to be used as follows:

Product

Software Development Product #1

 $   250,000.00

Product

Software Development Product #1 and #2

      300,000.00

IR

Media Platforms, Rich Media Content Creation, Contract Service Providers, Social Media Platforms and Advertising

      310,000.00

Marketing & Sales

Marketing Literature/PR/Tradeshows/Seminars/People

      300,000.00

G&A

Salaries and Office Administration

      550,000.00

G&A

Regulatory and Financing Cost

      140,000.00

G&A

Unallocated Working Capital

      150,000.00

 $ 2,000,000.00

All securities issued pursuant to the Financing, Transaction and finder’s fees will be subject to a hold period as required under applicable Canadian securities legislation.

Change of Business

Completion of the Transaction as contemplated would constitute a Change of Business/Reverse Take-Over in accordance with TSXV Policy 5.2 Changes of Business and Reverse Takeovers (“Policy 5.2”) as the Company’s current business is the exploration of minerals.  As a result the Transaction is subject to TSXV acceptance and  approval of the shareholders of Fuse.

Conditions

The Transaction is subject to a number of conditions including, but not limited to, entry into a definitive agreement, closing of the Financing, completion of due diligence reviews by the Parties and approval by each of the Fuse and Pointor AI boards of directors.

Management Changes

Under the terms of the LOI, certain management changes are intended to occur concurrently with the closing of the Transaction pursuant to which three nominees of Pointor AI will be appointed to the Company’s board of directors and the officers of Pointor AI will replace the Company’s current officers, with the exception of Fuse’s current Director Tim Fernback (proposed new Chairman), current Director Robert Setter and current Director Ryan Cheung, As well the current Corporate Secretary Tina Whyte, and current CFO Robert Guanzon, all of whom will remain in such position.  James Hellwarth will also remain in a consultant capacity post amalgamation.

The following provides summary biographical information of each of the individuals intended to be appointed as members of the Company’s board of directors and/or as management of the Company:

JESSIE (FAN) JOHNSON – PROPOSED CEO/DIRECTOR

Jessie Johnson is a dynamic and results-driven business leader with over 20 years of global experience in executive search, sales leadership, and entrepreneurship. She is the Founder and Managing Director of an elite executive search firm. Under her leadership, the company has become a top-tier global talent partner to some of the world’s largest FinTech, data, and AI-driven technology companies, consistently doubling its revenue year-on-year.

Today, the company is a preferred supplier to those industry leaders across North America, Europe, and Asia. Jessie successfully expanded operations into France in 2021 and continues to drive strategic hiring at the senior executive level across international markets.

Before founding her firm, Jessie spent a decade in senior leadership roles at two of the UK’s largest recruitment firms, where she built multi-million-pound revenue streams from the ground up and secured long-term partnerships with major global banks and technology giants. Her track record of scaling teams, breaking into new markets, and delivering high-impact talent solutions has firmly positioned her as a force in the global executive search industry.

TARKA L’HERPINIERE – PROPOSED CTO/DIRECTOR

Tarka L’Herpiniere brings an unparalleled depth of expertise and a proven track record of innovation to the role of Chief Technology Officer.  Educated at the prestigious University of Bath and Brunel University in the United Kingdom, Tarka has dedicated two decades to pioneering advancements in artificial intelligence. This extensive experience is underscored by an impressive entrepreneurial journey, marked by the successful launch and exit of four distinct startups. Tarka’s unique blend of academic rigor, hands-on development, and commercial acumen positions him perfectly to spearhead our technological vision and drive transformative growth. 

Along with Oliver Willett, Tarka is co-founder of Arcterix SARL (“Arcterix”), a bespoke AI and custom software solutions company, and original developer of the Pointor AI intellectual property based out of Paris, France.  Arcterix is a pioneering AI industry company that operates within Europe for its global client base building and training AI models and AI solutions for both large and small enterprises.

OLIVER WILLETT – PROPOSED STRATEGIC ADVISOR/DIRECTOR

Oliver Willett brings a unique blend of start-ups and investment experience across a broad range of sectors including AI, fintech, agri-tech, e-commerce and impact, and has a proven track record in leading innovative projects. He sits on the boards of multiple companies, advising on strategy, finance, operations and commercialization. Over the last 30 years he has raised over $100m in successful venture financings and has advised on mergers, acquisitions and disposals of over $500m.

Along with Tarka L’Herpiniere, Oliver is a co-founder of Arcterix, a bespoke AI and custom software solutions company, and original developer of the Pointor AI intellectual property.

Florian Pixner – PROPOSED VP Commercial

Florian Pixner is a high-impact commercial leader with over 20 years of global experience in sales strategy, revenue acceleration, and data-driven business transformation. He specializes in helping data and intelligence companies scale revenue, penetrate new markets, and drive commercial performance—particularly in private equity-backed environments.

Florian has held senior leadership positions at two of the world’s leading data intelligence firms, where he built and led high-growth sales organizations across wealth, healthcare, and risk intelligence divisions, consistently delivering double-digit growth and expanding international market share. He played a key role in one of the industry’s landmark exits—a £1.2 billion acquisition by ION Group.

Combining commercial expertise with strategic execution, Florian successfully led the post-acquisition integration of five businesses, unifying product, sales, and go-to-market teams to reignite growth in a global people intelligence portfolio. Among those, he helped scale BoardEx, now viewed as an adjacent competitor to Pointor AI.

 

Florian Pixner is the founder of CVT Advisory (Kent, UK) which partners with PE firms, scale-ups, and data-centric platforms, advising executive teams on go-to-market execution, commercial strategy, sales enablement, and expansion planning— delivering growth-focused sales strategy and go-to-market execution that accelerate both revenue and enterprise value for their clients.

Stock Option Grant

Concurrent with Closing of the Transaction, management will issue 12,795,353 incentive stock options for a five-year term under the Company’s current  stock option policy at a C$0.05 strike price with immediate vesting.

Other Information and Updates

In accordance with TSXV policy, the Company’s shares are halted from trading and will remain halted until such time as determined by the TSXV, which, depending on the policies of the TSXV, may not occur until the completion of the Transaction.

The Company will provide further details in respect of the Transaction, in due course, by way of news releases.

About Fuse Battery Metals Inc. https://fusebatterymetals.com

 

Fuse Battery Metals Inc. is a Canadian based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. The Company’s focus is on exploration for high value metals required for the manufacturing of batteries.

  

Ontario Cobalt Properties

Fuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east- northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse’s Teledyne Cobalt Project. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agnico Mine.

 

Glencore Bucke/Teledyne Property

Situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario the Glencore Bucke Property adjoins, on its northeast corner, the former cobalt producing Agaunico Mine. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs. of cobalt (“Co”), and 980,000 oz of silver (“Ag”) (Cunningham-Dunlop, 1979). The amount of cobalt produced from the Agaunico Mine is greater than that of any other mine in the Cobalt Mining Camp. Production ceased in 1961 due to depressed Co prices and over-supply (Thomson, 1964). The Glencore property is 100% owned by Fuse Cobalt subject to a back-in provision, production royalty and off-take agreement.

 

The associated Teledyne Property, located in Bucke and Lorrain Townships, consists of 5 patented mining claims totaling 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha. The Property is easily accessible by highway 567 and a well-maintained secondary road.

 

Over CAD$25 million has been spent thus far, (2020 dollars inflation-adjusted) on the Teledyne Property resulting in valuable infrastructure including a development ramp and a modern decline going down 500 ft parallel to the main cobalt mineralized vein. The Teledyne Property is subject to a production royalty in favor of New Found Gold and an off-take agreement in favor of Glencore Canada Corp., while the Glencore Bucke Property is subject to a back-in provision, production royalty, and an off-take agreement in favor of Glencore Canada Corp. Glencore PLC is the world’s largest producer of cobalt. A significant portion of the cobalt that was produced at the Agaunico Mine was located along structures (Vein #15) that extended southward towards the northern boundary of the Teledyne Cobalt Property, currently 100% owned by FUSE. Mineralization was generally located within 125 ft (38.1 m) above the Huronian/Archean unconformity. Stoping widths of up to 50 ft (15.2 m) were not unusual at the Agaunico Mine (Cunningham-Dunlop, 1979).

 

On Behalf of the Board of Directors

“Tim Fernback”

Tim Fernback, President & CEO

Contact Information:

Email: info@fusebatterymetals.com

Phone: 236-521-0207

   

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

 

This news release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any “U.S Person” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “1933 Act”)) of any equity or other securities of the Corporation. The securities of the Corporation have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

 

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and shareholder approval. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

 

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

 

The Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.

 



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Deploying agentic AI? You’ll probably do business with these 3 companies

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ZDNET’s key takeaways

  • Microsoft, Nvidia, and Google top the agentic AI market.
  • Agentic AI automates problem-solving in real time. 
  • The tech will significantly impact enterprise productivity.

Research And Markets’ 2025 360 Quadrant analysis aims to provide insights into the global agentic AI market. The study, published Thursday, includes the market’s key players, technological advancements, product innovations, and emerging trends — and right now, Microsoft’s Copilot enterprise solutions, Nvidia’s GPUs, and Google’s Gemini-powered productivity tools lead the industry.

Also: OpenAI has new agentic coding partner for you now: GPT-5-Codex

The analysis ranked companies based on annual revenue, geographic presence, growth strategies, investments, and sales strategies. It asserts that the big three — Microsoft, Nvidia, and Google — invest in research and development, form strategic partnerships, engage in collaborative initiatives to spark innovation, and expand their global footprint, all to maintain a competitive advantage.

Agentic AI refers to an AI system that can complete specific tasks with little to no supervision. The system consists of machine learning models that emulate real-time human decision-making to solve problems. According to the 360 Quadrant, this type of AI system will heavily impact enterprise operations by using automation to solve problems without much human oversight.

Microsoft

Microsoft’s Copilot takes first place in the 360 Quadrant analysis, thanks to Copilot’s presence across the company’s enterprise solutions, including Microsoft 365, Azure, and GitHub. According to the report, Copilot integration within these services allows Microsoft’s agentic AI to complete embedded tasks like drafting emails and updating CRM fields.

Also: Copilot’s new File Explorer tricks are serious OneDrive time-savers – how to try them

Two of Microsoft’s great strengths are that it uses Azure OpenAI, a generative AI service that integrates OpenAI models into its Azure cloud platform, and Semantic Kernel, a development kit used to incorporate large language models into applications, according to the analysis.

The 360 Quadrant asserts that Copilot’s use for enterprise productivity and Azure OpenAI and Semantic Kernel’s orchestration capabilities position Copilot as crucial to enterprise productivity and autonomy. 

Also: College students can get Microsoft Copilot free for a year – here’s how

According to the analysis, Microsoft’s agentic AI market share ranges from 8% to 10%.

Nvidia

Nvidia’s position in the agentic AI market is defined by its GPUs, the specialized hardware that trains and runs complex AI models. According to the 360 Quadrant, Nvidia attributes its 7% to 9% agentic AI market share to its hardware expertise, supporting operational innovation across industries.

Also: You can get Nvidia’s CUDA on three popular enterprise Linux distros now – why it matters

The report credits Nvidia’s place in the agentic AI market to its ability to capitalize on the transition to autonomous systems, and its focus on high-performance computing solidifies it.

Google

According to the 360 Quadrant, Google has redefined its AI strategy from offering consumer-centric AI tools to presenting enterprise-friendly solutions powered by Gemini. Gemini appears across Google’s productivity tools suite, including Gmail and Google Cloud.

Also: Sorry, ChatGPT – Gemini is the new top free iPhone app now

The 360 Quadrant asserts that Google’s strength within the agentic AI market is based on its AI model’s real-time collaboration and native access to swaths of data resources. Google enjoys a 6% to 8% share of the agentic AI market.





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Parents of teens who died by suicide after AI chatbot interactions to testify to Congress

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The parents of teenagers who killed themselves after interactions with artificial intelligence chatbots are planning to testify to Congress on Tuesday about the dangers of the technology.

Matthew Raine, the father of 16-year-old Adam Raine of California, and Megan Garcia, the mother of 14-year-old Sewell Setzer III of Florida, are set to speak to a Senate hearing on the harms posed by AI chatbots.

Raine’s family sued OpenAI and its CEO Sam Altman last month alleging that ChatGPT coached the boy in planning to take his own life in April. Garcia sued another AI company, Character Technologies, for wrongful death last year, arguing that before his suicide, Sewell had become increasingly isolated from his real life as he engaged in highly sexualized conversations with the chatbot.

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EDITOR’S NOTE — This story includes discussion of suicide. If you or someone you know needs help, the national suicide and crisis lifeline in the U.S. is available by calling or texting 988.

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Hours before the Senate hearing, OpenAI pledged to roll out new safeguards for teens, including efforts to detect whether ChatGPT users are under 18 and controls that enable parents to set “blackout hours” when a teen can’t use ChatGPT. Child advocacy groups criticized the announcement as not enough.

“This is a fairly common tactic — it’s one that Meta uses all the time — which is to make a big, splashy announcement right on the eve of a hearing which promises to be damaging to the company,” said Josh Golin, executive director of Fairplay, a group advocating for children’s online safety.

“What they should be doing is not targeting ChatGPT to minors until they can prove that it’s safe for them,” Golin said. “We shouldn’t allow companies, just because they have tremendous resources, to perform uncontrolled experiments on kids when the implications for their development can be so vast and far-reaching.”

The Federal Trade Commission said last week it had launched an inquiry into several companies about the potential harms to children and teenagers who use their AI chatbots as companions.

The agency sent letters to Character, Meta and OpenAI, as well as to Google, Snap and xAI.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.



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