Fuse Group Holding Inc.
Fuse Group Holding Inc. is a Nevada-based microcap holding company that develops business opportunities in mining, biotech, and consulting. Its operating activity is centered on Fuse Processing and related entities, which seek mining targets and provide consulting and due diligence services to mining clients, while the company also mentions newer consulting work in catering and culinary services.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueTarget sourcing, due diligence, and advisory work for mining-related transactions.
General consulting services, including U.S. business development and catering/culinary consulting.
Early-stage efforts to identify and develop biotech business opportunities.
Customers
The company sells consulting services to mining business investors who are looking for acquisition targets and need help screening potential sellers. It also serves mine owners or counterparties involved in rights sales, where due diligence on ownership and operating status is needed. A smaller and less defined customer base appears to include U.S. business development clients, including catering and culinary consulting engagements.
They buy target sourcing and due diligence to identify mines that fit their acquisition criteria.
They are part of transaction workflows where ownership and operating status must be verified.
They buy business development support, including catering and culinary consulting services.
They represent a prospective, early-stage audience for the company's biotech development efforts.
Strategy
The company is trying to build a consulting-led business around mining opportunity sourcing while keeping optionality in biotech and other consulting niches. Management has also stated that it is diversifying into catering and culinary consulting, suggesting a search for revenue sources beyond the core mining theme. Given the limited scale and recurring losses, the near-term strategy appears focused on finding fee-generating engagements and external financing to sustain operations.
The company needs fee-based work to offset limited operating scale and support liquidity.
Management has stated it is expanding into other consulting areas to create new growth avenues.
The company has disclosed that additional funding may be needed to maintain operations.
Geography
Fuse Group is incorporated in Nevada and operates through U.S.-based entities, with consulting activity explicitly mentioned in the United States. Its mining search efforts extend to Asia and North America, so the company’s opportunity set is geographically broad even though current revenue disclosure is limited. The business appears to be highly dependent on cross-border sourcing of mining targets and counterparties rather than on a fixed operating footprint.
Risks
Fuse Group is exposed to execution risk because its business model depends on finding viable consulting engagements and converting exploratory opportunity development into revenue. It also faces liquidity and going-concern pressure, as disclosed losses and reliance on external financing can force dilution or constrain operations. As a small issuer with limited internal controls and a narrow operating base, it is also vulnerable to reporting errors, counterparty risk, and weak demand in cyclical mining-related services.
The company disclosed that if it cannot develop profitable operations, additional capital may be required.
Exposure: Operating cash needs and funding of consulting activity
Revenue depends on sourcing and closing consulting assignments, which are not recurring or contractually secured.
Exposure: Mining target sourcing and advisory work
Management disclosed insufficient U.S. GAAP/SEC expertise and limited segregation of duties.
Exposure: Financial reporting reliability
The company has used convertible notes, loans, and related-party funding to support operations.
Exposure: Common stock holders
Consulting demand is tied to mining investment appetite and transaction activity.
Exposure: Mining investor and seller engagements
Accounting
Judgemental itemsService revenue is the main operating line and timing of recognition affects quarterly comparability.
Impact: Reported revenue and gross profit
The company issued a convertible promissory note with interest and conversion features.
Impact: Interest expense, liabilities, and potential dilution
Advances from or repayments to related parties are a meaningful source of financing.
Impact: Cash flow presentation and balance sheet obligations
Management disclosed weak accounting personnel depth and segregation of duties.
Impact: Risk of error in financial reporting
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Last updated: 24/09/2026