Above Meals Elements Inc. (NASDAQ: ABVE) (“Above Meals” or the “Firm”) as we speak introduced and celebrated the primary of many sovereign strategic partnerships involving its merger companion Palm International Applied sciences and its subsidiary Palm Promax Investments LLC (“PPI”).
The President’s Workplace of Burkina Faso, in coordination with the Promotion and Funding Heart for Burkina Faso and Companions (“CPIB”), has formally agreed a three way partnership, involving the adoption PPI’s gold- and mineral-backed stablecoin because the nation’s digital forex – marking a historic inflection level in Burkina Faso’s monetary evolution. As a part of this initiative, the federal government has pledged as much as $8 trillion of beforehand untapped gold and mineral property to anchor the nation’s stablecoin and catalyze long-term financial transformation.
The partnership is being formally introduced as we speak on the UAE 2030 Nationwide Imaginative and prescient occasion, held in Abu Dhabi. The event is attended by eminent leaders and dignitaries from each the United Arab Emirates and Burkina Faso, underscoring the strategic significance of this collaboration. The occasion serves as a strong platform to showcase the alignment between sovereign innovation, digital finance, and visionary growth – hallmarks of each nations’ dedication to inclusive, future-focused development.
Abu Dhabi, United Arab Emirates and Ouagadougou, Burkina Faso – 24 October 2025 – A groundbreaking three way partnership has been formalized between Promax Burkina Faso SEM (“Promax BF SEM”), the Promotion and Funding Heart for Burkina Faso and Companions (“CPIB”), and Palm Promax Investments LLC (“PPI”) – the merger companion of Nasdaq-listed Above Meals Elements Inc.
This strategic partnership will leverage PPI’s superior tokenization applied sciences to unlock and mobilize the immense mineral wealth of Burkina Faso ushering in a brand new period of sovereign digital innovation and inclusive financial development.
In a historic transfer, the Authorities of Burkina Faso will pledge as much as $8 trillion in gold and mineral-based property – together with huge in-ground reserves which have lengthy remained unrecognized by international monetary methods. For many years, these sources have been undervalued and excluded from worldwide markets resulting from structural obstacles in valuation, infrastructure, and entry. Now, for the primary time, Burkina Faso’s mineral wealth will likely be transparently quantified, monetized, and mobilized by way of blockchain-based monetary devices. This daring initiative marks a turning level: a declaration that the nation’s true financial worth can not be neglected. With this dedication, Burkina Faso turns into the primary African nation to formally combine a resource-backed digital forex into its nationwide monetary structure – leveraging its pure wealth as a catalyst for sovereign empowerment, inclusive development, and international monetary participation.
Headquartered in Abu Dhabi below the Abu Dhabi International Market (“ADGM”) framework, the three way partnership will channel all investments by way of Promax BF SEM to facilitate the tokenization of Burkina Faso’s untapped pure sources. These blockchain-backed monetary devices will anchor a sequence of transformative growth initiatives throughout key sectors, together with:
- Mining of minerals, metals, and valuable stones
- Improvement of infrastructure, together with power and transportation
- Institution of financial zones and know-how switch hubs
- Modernization of agriculture and commodity buying and selling
- Enhancements in healthcare, training, and safety, and humanitarian efforts
This settlement marks a pivotal second in Burkina Faso’s financial trajectory. By transparently quantifying and monetizing its pure property, the nation is positioning itself as a world chief in sovereign empowerment and digital finance – redefining its function within the worldwide financial panorama.
H.E. Soumane Kassamba, Advisor of Funding and Worldwide Relations to His Excellency Ibrahim Traoré, President of Burkina Faso and PDG of CPIB, and Head of Arab African Council the Particular Consultive of United Nations in Burkina Faso, commented: “This settlement marks a pivotal second for Burkina Faso. For the primary time, we’re not merely individuals within the international economic system – we’re architects of our personal financial future. By tokenizing our huge mineral wealth, we’re unlocking its true worth and making it accessible to the world in a clear, safe, and sovereign method. This initiative will catalyze unprecedented funding, generate employment, and finance vital infrastructure throughout power, healthcare, and training. It lays the inspiration for a brand new period of prosperity – one constructed on innovation, accountability, and nationwide empowerment. Our partnership with Palm Promax Investments is transformative. It displays our ambition to observe the visionary path of the United Arab Emirates, whose extraordinary rise – from the foresight of its founding father, the late Sheikh Zayed bin Sultan Al Nahyan, to its international management as we speak – stands as a testomony to what’s attainable by way of daring imaginative and prescient, strategic collaboration, and sustainable growth.”
His Excellency Louai Mohamed Ali, Group President of Promax United and most popular companion, commented: “Burkina Faso’s daring management marks the daybreak of a monetary renaissance – not solely throughout Africa, however globally. By embracing blockchain know-how and anchoring it to their substantial gold reserves, they’ve set a strong precedent for sovereign innovation, financial empowerment, and international monetary integration. This isn’t an remoted milestone – it is step one in a broader continental motion. We’re in superior discussions with quite a few African nations below the identical framework, every in search of to unlock commerce, infrastructure financing, and macroeconomic stability by way of clear, asset-backed digital currencies. As this framework scales, we anticipate collaborating sovereign nations will expertise a big discount in forex volatility, enhanced fiscal transparency, and renewed investor confidence. Most significantly, we foresee significant wealth creation for his or her residents and a metamorphosis in intra-African and international commerce – pushed by a unified, steady digital forex that displays the true worth of Africa’s sources and ambition.
His Excellency Muayad Kafesha, Vice Chairman of Palm Promax Investments, commented “The choice by Promax BF SEM and CPIB to launch this three way partnership anchored by Burkina Faso’s gold reserves is a daring declaration of imaginative and prescient, sovereignty, and perception sooner or later. It displays our shared conviction that know-how should serve humanity – by making useful resource wealth clear, measurable, and transformative. This isn’t merely a monetary innovation; it’s a blueprint for inclusive prosperity. None of this might be attainable with out the extraordinary enterprise atmosphere of the United Arab Emirates. The gravitas, international status, and operational excellence the UAE gives to corporations like ours is really unmatched. We’re deeply honored to be headquartered right here. Once we based Palm Promax, our ambition was clear: to construct the JPMorgan of digital finance – on a world scale. And we stay satisfied that the UAE is the one place on the earth the place that imaginative and prescient could be absolutely realized.
About Above Meals Elements Inc.
Above Meals Elements Inc.(Nasdaq: ABVE ) is an agricultural and meals know-how firm whose imaginative and prescient is to create a more healthy world — breaking the cycle of world starvation, one seed, one discipline, and one chunk at a time. Above’s sturdy chain of custody of plant proteins and proprietary seed growth capabilities, leverage the ability of synthetic intelligence-driven genomics and agronomy, and along with Palm’s monetary applied sciences will assist to interrupt the worldwide cycle of starvation.
Cautionary Assertion Concerning Ahead-Trying Statements
This press launch could include “forward-looking info” throughout the that means of america federal securities legal guidelines and relevant Canadian securities legal guidelines. These forward-looking statements typically are recognized by the phrases “imagine,” “venture,” “anticipate,” “anticipate,” “estimate,” “intend,” “technique,” future,” “alternative,” “plan,” “could,” “ought to,” “will,” “might,” “will likely be,” will proceed,” and comparable expressions.
Ahead-looking statements signify present judgments about attainable future occasions, together with, however not restricted to statements relating to expectations or forecasts of enterprise, operations, monetary efficiency, prospects, and different plans, intentions, expectations, estimates, and beliefs referring to the proposed transaction between Above Meals and Palm International, resembling statements relating to the mixed operations and prospects of Above Meals and Palm International, the present and projected market, development alternatives and synergies for the mixed firm, the anticipated composition of the administration and board of administrators of the mixed firm, the anticipated buying and selling of the mixed firm on the Nasdaq, the submitting and approval of the Registration Assertion and the Prospectus, and the timing and completion of the proposed transaction, together with the satisfaction or waiver of all of the required situations thereto.
Components that might trigger precise occasions to vary embrace, however should not restricted to:
- all situations to the proposed transaction being met, together with Above Meals and Palm International agreeing to a type of plan of association, in addition to different situations set forth within the definitive merger settlement;
- the anticipated timing of regulatory approvals referring to the proposed transaction, the companies of Above Meals and Palm International and of the mixed firm and product launches of such companies and firms;
- Above Meals’s incapability to file or make efficient the Registration Assertion or the ultimate Prospectus with the respective regulators;
- Above Meals, Palm International and the mixed firm’s compliance with, and adjustments to, relevant legal guidelines and rules;
- Above Meals and the mixed firm’s potential to record the frequent shares of the mixed firm on Nasdaq;
- the power to efficiently combine the companies of Above Meals and Palm International after the completion of the proposed transaction;
- the mixed firm’s potential to attain the anticipated advantages from the proposed transaction throughout the anticipated time frames or in any respect; and
- the incurrence of surprising prices, liabilities or delays referring to the proposed transaction.
Ahead-looking statements are primarily based on the present expectations of Above Meals’s administration and should not predictions of precise efficiency. These forward-looking statements are offered for illustrative functions solely and should not supposed to function, and should not be relied on, by any investor as a assure, an assurance, a prediction or a definitive assertion of reality or chance. It is best to fastidiously think about the entire dangers and uncertainties described within the paperwork filed by Above Meals with america Securities and Change Fee (“SEC”), which is out there on EDGAR at www.sec.gov/edgar.shtml. There could also be further dangers that Above Meals presently doesn’t know or that Above Meals at the moment believes are immaterial that might additionally trigger precise outcomes to vary from these contained in forward-looking statements. As well as, forward-looking statements present Above Meals’s expectations, plans or forecasts of future occasions and views as of the date of this communication. Above Meals anticipates that subsequent occasions and developments will trigger Above Meals’s assessments to vary. Nonetheless, whereas Above Meals could elect to replace these forward-looking statements sooner or later, Above Meals particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Above Meals’s assessments as of any date subsequent to the date of this communication. Nothing herein needs to be considered a illustration by any person who the forward-looking statements set forth herein will likely be achieved or that any of the contemplated leads to such forward-looking statements will likely be achieved. You shouldn’t place undue reliance on forward-looking statements on this communication, which converse solely as of the date they’re made and are certified of their entirety by reference to the cautionary statements herein.
It’s attainable that the Merger could not happen on the phrases offered herein or within the Merger Settlement, on the anticipated timing or in any respect. Within the occasion that the Merger is terminated Above Meals could also be liable to pay a termination payment to Palm International, topic to the exact phrases of the Merger Settlement.
Extra Info and The place to Discover It:
INVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ABOVE FOOD. Traders and safety holders will be capable to acquire free copies of the paperwork filed with the SEC by Above Meals by way of the web site maintained by the SEC at http://www.sec.gov. Copies of the paperwork filed with the SEC by Above Meals are additionally accessible freed from cost on Above Meals’s web site at https://abovefood.com or by contacting Above Meals’s Investor
Relations Division at 2305 Victoria Ave #002, Regina, Saskatchewan, Canada, S4P 0S7.
Contacts: Media: [email protected]; Traders: [email protected]
Contact
Media
[email protected]