Aeternum Acquires ARM for Nkamouna Project
News related to:Aeternum Resources · 3 min read
WASHINGTON, Sept. 25, 2026 /CourierPR/ -- Aeternum Resources, a company aiming to become a highly strategic supplier of critical minerals, today announced that it has entered into an agreement to acquire all of the issued and outstanding membership interests in American Renaissance Minerals LLC (ARM). The acquisition consolidates into a single company the joint venture announced on August 7, 2026, under which Aeternum Resources held an option over a 51% interest in ARM. On closing, Aeternum Resources will own the whole of ARM and the underlying option arrangements will be terminated.
The transaction is subject to customary conditions and is expected to close in the fourth quarter of 2026. On August 7, 2026, the Company announced that it had acquired an option to acquire a 51% interest in ARM. The transaction announced today replaces that arrangement with direct ownership of the whole of ARM, and the investment agreement under which the option arose will be terminated at or before closing.
Aeternum Resources, the dedicated project vehicle seeking to advance the Nkamouna Cobalt-Nickel-Manganese Project in Cameroon, is working with the Government of Cameroon toward the award of a new mining permit over the project, free of prior encumbrance. ARM currently holds certain historical data regarding the property, and is working with the Government of Cameroon, including the Ministry of Mines, Industry and Technological Development and the Société Nationale des Mines, toward the award of a new mining permit, free of prior encumbrance.
If a mining permit is granted, 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 concentrate rather than shipping unprocessed ore, so that the first stage of processing and its associated value are retained in Cameroon.
Upon ownership of the title, Aeternum Resources intends to approach the project with urgency. Concept engineering for the concentrator draws directly on the modular gravity-separation plant the Company is currently constructing in Nigeria, and the Company’s own engineering and construction team has designed, manufactured, and installed comparable plant in Africa within the past year.
Aeternum Resources, a company aiming to become a highly strategic supplier of critical minerals, has entered into an agreement to acquire all of the issued and outstanding membership interests in American Renaissance Minerals LLC (ARM). The transaction consolidates the joint venture announced on August 7, 2026, under which Aeternum Resources held an option over a 51% interest in ARM. On closing, Aeternum Resources will own the whole of ARM and the underlying option arrangements will be terminated.
The transaction is subject to customary conditions and is expected to close in the fourth quarter of 2026. On August 7, 2026, the Company announced that it had acquired an option to acquire a 51% interest in ARM. The transaction announced today replaces that arrangement with direct ownership of the whole of ARM, and the investment agreement under which the option arose will be terminated at or before closing.
Aeternum Resources, the dedicated project vehicle seeking to advance the Nkamouna Cobalt-Nickel-Manganese Project in Cameroon, is working with the Government of Cameroon toward the award of a new mining permit over the project, free of prior encumbrance. ARM currently holds certain historical data regarding the property, and is working with the Government of Cameroon, including the Ministry of Mines, Industry and Technological Development and the Société Nationale des Mines, toward the award of a new mining permit, free of prior encumbrance.
If a mining permit is granted, 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 concentrate rather than shipping unprocessed ore, so that the first stage of processing and its associated value are retained in Cameroon.
Upon ownership of the title, Aeternum Resources intends to approach the project with urgency. Concept engineering for the concentrator draws directly on the modular gravity-separation plant the Company is currently constructing in Nigeria, and the Company’s own engineering and construction team has designed, manufactured, and installed comparable plant in Africa within the past year.
Aeternum Resources, a company aiming to become a highly strategic supplier of critical minerals, has entered into an agreement to acquire all of the issued and outstanding membership interests in American Renaissance Minerals LLC (ARM). The transaction consolidates the joint venture announced on August 7, 2026, under which Aeternum Resources held an option over a 51% interest in ARM.