Fuse Group Holding Inc.

What they do

Fuse Group and its subsidiary Fuse Processing, Inc. provide consulting services to mining industry clients, mainly helping mine owners identify acquisition targets and performing due diligence on mines and sellers. Its Fuse Biotech Inc. subsidiary seeks business opportunities in the biotech area, and the company states it is diversifying into catering and culinary consulting services. The company holds no operating mines; it has been investigating potential mining targets in Asia and North America.

Revenue drivers

• Mining consulting services — Fuse Group and Fuse Processing charge consulting fees to mining industry clients for acquisition-target search and due diligence; this is the historical core activity but generated only $45,942 of revenue in fiscal 2025.
• Catering and culinary consulting — The company says it is diversifying into catering and culinary consulting services; no separate revenue figure is disclosed for this line in the excerpts.
• Biotech opportunities — Fuse Biotech Inc. is described as seeking business opportunities in the biotech area; the excerpts show no revenue from this line.
• Mexico mining concessions — A proposed acquisition of Portafolio en Investigacion Ambiental S.A. de C.V., which holds five unexplored Mexican mining concessions, has not closed and produces no revenue.

Recent performance

Fiscal 2025 revenue was $45,942, down from $332,024 in fiscal 2024, and net loss was $283,702. Operating cash flow was negative $289,894 in fiscal 2025, versus negative $60,009 in fiscal 2024. For the quarter ended June 30, 2026, revenue was $0, following $7,683 in the quarter ended December 31, 2025 and $0 in the quarter ended March 31, 2026. At June 30, 2026 the balance sheet showed total assets of $35,904, total liabilities of $326,154, cash of $17,901 and a stockholders' deficit of $290,250.

Strategy

The company states it is diversifying beyond mining consulting into new growth areas of consulting, especially catering and culinary consulting services. It continues to pursue mining targets in Asia and North America through Fuse Processing and to seek biotech opportunities through Fuse Biotech. Its pending share exchange for Portafolio, which owns five Mexican mining concessions, remains subject to Mexican government approval and has not closed. The company has financed itself through loans, convertible notes and related-party balances rather than operating cash flow.

Risks

• Going concern and losses — The company has a history of losses and negative operating cash flow, with a stockholders' deficit of $290,250 and only $17,901 of cash at June 30, 2026 against $326,154 of liabilities.
• No revenue scale — Fiscal 2025 revenue was only $45,942 and the June 30, 2026 quarter had zero revenue, so the business has not demonstrated recurring income.
• Unclosed Mexico transaction — The Portafolio share exchange covering five Mexican mining concessions is still pending Mexican government approval; the company states the five mines are unexplored with no operations, no output contracts and no mining permits or licenses.
• Financing dependence — The company relies on loan payable, convertible notes payable and amounts due to a related party, and its own risk factors cite failure to obtain adequate financing on acceptable terms as a going-concern risk.

Outlook

The excerpts contain no specific management guidance on future revenue or profitability. Management's stated direction is to keep developing mining, biotech and consulting opportunities and to expand into catering and culinary consulting, while the Portafolio transaction awaits Mexican government approval. The company's own risk factors flag the uncertainty of profitability given its history of losses and the risk of failing to obtain adequate financing on acceptable terms.