FUSE Battery Metals Adopts Semi-Annual Financial Reporting
1
3028 Quadra Court
Coquitlam, BC V3B 5X6
Phone : (236) 521-0207
FuseBatteryMetals.com
NEWS RELEASE
FUSE BATTERY METALS ADOPTS SEMI-ANNUAL FINANCIAL REPORTING
Coquitlam, BC, April 20, 2026 – Fuse Battery Meta ls Inc. (“the Company” or “Fuse”) (TSXV: FUSE,
OTCQB: FUSEF, FRA: 43W3) announces that it has elected to rely on Coordinated Blanket Order 51-933
and move to semi-annual financial reporting (“SAR”).
Coordinated Blanket Order 51-93 allows eligible ve nture issuers listed on the TSX Venture Exchange
(the “TSXV”) to voluntarily move from a quarterly to a semi-annual financial reporting framework.
F u s e ’ s f i s c a l y e a r e n d s o n D e c e m b e r 3 1 , 2 0 2 5 . Under the SAR pilot progra m, the Company will be
exempt from filing interim financ ial reports and related Management ’s Discussion & Analysis (MD&A)
for its first and third quarters:
• Interim Period: The Company will not file an inte rim report for the first quarter (Q1) ending
March 31, 2026; and
• Interim Period: The Company will not file an inte rim report for the third quarter (Q3) ending
September 30, 2026; and
• Ongoing Reporting: Fuse will continue to file au dited annual financial statements (due within
120 days of December 31, 2026) and six-month interim financial reports (due within 60 days of
June 30, 2026).
The Company confirms it meets the pilot program's eligibility criteria, which include being a venture
issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous
disclosure record.
This news release is being filed pursuant to Coordinated Blanket Order 51 – 933 Exemptions to Permit
Semi-Annual Reporting for Certain Venture Issuers.
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.
2
The Glencore Bucke Property consists of 16.2 hectar es and sits along the west boundary of Fuse’s
Teledyne Cobalt Project. The Company also owns a 10 0% 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 4,350,00 0 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, (2 020 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 minerali zed 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 coba lt that was produced at the Ag aunico Mine was located along
structures (Vein #15) that extended southward towards the northern boundary of the Teledyne
Cobalt Property, currently 100% owned by FUSE. Mineraliza tion was generally loca ted 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: [email protected]
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 responsibili ty 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 uncertainti es. 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.
Completion of the Transaction and Financing is subject to conditions, including final Exchange acceptance. There can
be no assurance that the Transaction or the Financing will be completed at all.
3
Investors are cautioned that, except as disclosed in the management information circular dated November 17, 2025
with respect to the Transaction, any in formation released or received with respect to the Transaction may not be
accurate or complete and should not be relied upon. Tradin g 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.