Aeternum Announces Acquisition of an Option to Acquire 51% of American Renaissance Minerals, Sponsor of the Nkamouna Cobalt-Nickel-Manganese Project in Cameroon
· manilatimes.net
American Renaissance Minerals, a dedicated vehicle owned by US natural resources private equity firm American Renaissance Resources, is advancing the Nkamouna Cobalt-Nickel-Manganese Project in Cameroon, and is working with the Government of Cameroon toward the award of a new mining permit over the project, free of prior encumbrance. Nickel and cobalt are both designated critical minerals by the United States, which imports approximately three quarters of the cobalt it consumes and, excluding recycled material, is almost wholly reliant on imports for its nickel supply.ARM's development of Nkamouna is supported by the advocacy program of the United States Government, and the project is regarded as being of strategic interest to the United States, both in national security terms and as a matter of economic and supply-chain interest.Significant capital has been invested in Nkamouna to date, including feasibility-level engineering, metallurgical testwork and environmental and social studies, providing a substantial technical base from which to restart the project.Aeternum Resources will contribute capital and engineering expertise to the development of the project.In January 2026, ARM licensed the entirety of the historical technical information relating to Nkamouna from Geovic Ltd, the majority owner of the prior permit holder, on terms under which Geovic will release all claims in respect of the project.The project will be developed in accordance with Cameroon’s Mining Code of December 2023, including the 10% free-carried interest of the State, with a concentrator at the mine site producing an exportable cobalt-nickel-manganese concentrate rather than shipping unprocessed ore. WASHINGTON, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Aeternum (OTC: AETN) ('Company”), a company aiming to become a highly strategic supplier of critical minerals, today announced that it has acquired an option to acquire a 51% stake in American Renaissance Minerals ('ARM”). ARM, a dedicated vehicle owned by US natural resources private equity firm American Renaissance Resources, is advancing the Nkamouna Cobalt-Nickel-Manganese Project in Cameroon. The project is aligned with the Company’s objective of becoming a significant supplier of critical minerals to the United States and its allies.
American Renaissance Minerals, a dedicated vehicle owned by US natural resources private equity firm American Renaissance Resources, is advancing the Nkamouna C...