Nkamouna Cobalt-Nickel Project Proposal
Building Cameroon's Future, Together
Developing critical minerals in partnership with the people of Cameroon.
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Building Cameroon's Future, Together
Developing critical minerals in partnership with the people of Cameroon.
Nkamouna is not just a deposit to be developed. It is home to the people of the Haut Nyong Division, and ARM's proposal is built around a simple pledge: the communities around the project share directly in its success, from the first module onward.
ARM is committed to prioritizing local hiring for the Nkamouna workforce, starting with the Haut Nyong Division and extending across Cameroon, backed by structured training programs that build lasting technical and operational skills.
As the project moves from a first module into full production, ARM is committed to community investment and local infrastructure alongside its Cameroonian partners, so growth around Nkamouna keeps pace with growth at the mine.
ARM works alongside Cameroon's institutions, including SONAMINES, and its local Cameroonian partner firm, to ensure the project is built with the communities it touches, not simply near them.
American Renaissance Minerals pledges to build Nkamouna as a partnership with the people of Cameroon: creating local jobs and training, investing in the communities around the project, and working hand in hand with our Cameroonian partners at every stage of development.
Nkamouna is one of the largest undeveloped nickel-cobalt projects globally, located in the Haut Nyong Division, East Province of Cameroon. Over USD $120 million has been invested in the project under past ownership, including USD $40 million by the Cameroonian government through its sovereign wealth fund.
American Renaissance Minerals (ARM) is a dedicated critical minerals project company, wholly owned by Aeternum Resources Inc. (AETN), a US-listed critical minerals company founded by Paul Mann, founder and Chief Executive Officer of ASP Isotopes Inc. (NASDAQ: ASPI), and led by a team with a record of engineering and commissioning mineral processing plants across Africa.
The initiative is supported by the U.S. Government, including advocacy from the Department of Commerce and the State Department as well as financial pathways and US Government offtake.
ARM has negotiated with the prior owners of the license the use of all historical data, saving many years of work.
The project represents a unique convergence of strategic interests: securing Western critical-mineral supply chains, advancing Cameroon's mining sector, and delivering responsible resource development backed by American technical expertise and capital and offtake.
Nkamouna has been studied for three decades and never built. ARM's proposal addresses the four reasons it stalled.
A new permit, free of prior encumbrance, held by a Cameroonian company. Historical claims relating to the previous licence have been resolved, and the project begins without the legal and financial legacy that ended the last attempt.
The plan is built for speed to first output. Three decades of drilling, metallurgy and environmental work already exist, and ARM has secured the right to use all of it — removing years from the development timeline.
The 2011 plan required a single $620M hydrometallurgical facility. ARM's plant is modular: a first DMS module producing exportable concentrate, with further modules added from cash flow rather than from a single large financing.
Cobalt and nickel are US critical minerals. Nkamouna gives Cameroon in-country processing, employment and public revenue, and gives the United States a traceable, Western-aligned supply — an alignment of interests that supports the project through its full life.
Cobalt and nickel are designated critical minerals by the United States, which relies on imports for the large majority of its supply of both.
Active advocacy from the U.S. Department of Commerce and State Department supporting ARM's proposal and negotiations with Cameroonian authorities.
Countering Chinese dominance in critical minerals. Nkamouna provides a Western-aligned, responsibly sourced alternative for cobalt and nickel.
| Category | Tonnage (kt) | Co % | Ni % | Mn % |
|---|---|---|---|---|
| Proven & Probable | 68,100 | 0.26% | 0.66% | 1.48% |
| Measured | 59,805 | 0.24% | 0.68% | 1.37% |
| Indicated | 60,794 | 0.22% | 0.62% | 1.32% |
| M&I Total | 120,599 | 0.23% | 0.65% | 1.35% |
| Inferred | 202,551 | 0.20% | 0.59% | 1.20% |
| Total Resource | 323,150 | 0.21% | 0.61% | 1.26% |
Based on SRK 2011 NI 43-101 Feasibility Study. Reserve stated above 0.12% cobalt cut-off for ferralite and 0.23% cobalt cut-off for breccias.
ARM is committed to responsible mining development that benefits all stakeholders — from local communities to the Republic of Cameroon to global critical-mineral supply chains.
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