Pineapple Power Redirects Strategy Toward Reverse Takeover of Buffalo Battery Metals

 

Pineapple Power Corp PLC (LSE:PNPL) has announced a shift in its strategic direction, opting to pursue a reverse takeover of Buffalo Battery Metals PTY Limited after ending talks with FUSE-AI GmbH. The termination of the FUSE-AI acquisition followed an inability to reach mutually agreeable terms.

Buffalo Battery Metals, an Australian mineral exploration company with active projects in Zimbabwe, is focused on supplying critical minerals vital to the global clean energy transition. Under the proposed non-binding agreement, Pineapple Power would acquire Buffalo in a reverse takeover that would reshape its corporate structure. If finalized, the deal would trigger a delisting from the London Stock Exchange’s Main Market and a subsequent relisting on the AIM market, with Buffalo’s leadership assuming key roles in the newly combined entity.

This pivot aligns with growing investor interest in battery metals and reflects Pineapple Power’s broader objective of capitalizing on opportunities within the rapidly evolving energy and resource sectors.

About Pineapple Power Corp PLC

Pineapple Power is a publicly listed shell company aimed at identifying and completing strategic acquisitions within the energy and natural resource space. The firm leverages its listed status to help fast-track emerging companies into public markets, particularly those aligned with long-term sustainability trends.

• Technical Sentiment Rating: Buy

• Current Market Capitalization: £2.28 million

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