Health Equity Holdings, Inc. · DBA Truvé

Built from Lomié.
Led by the people who call it home.

Truvé Real leads the consortium advancing the Lomié-Nkamouna nickel-cobalt-manganese project in East Region, Cameroon — assembled by a Cameroonian-American founding team with ancestral ties to the region, and delivered by technical partners with decades of African mining experience.

Our Story

A project led by the community it serves.

"Lomié-Nkamouna isn't an asset on a map to us. It's home ground."

Truvé was founded by Hermine Ngnomire, a U.S. citizen and Cameroonian national with an ancestral connection to the Lomié-Nkamouna region, alongside Alphonse Otsamzok, a fellow Cameroonian and co-founder who leads government relations across Central Africa. Their connection to East Region isn't a talking point — it's the reason this project exists inside a platform built to keep value, jobs, and decision-making close to the ground it comes from.

That local grounding is paired with a technical bench sourced from some of the most experienced mining engineering and metallurgical firms working in Africa today — because local roots and world-class execution aren't a trade-off.

Hermine Ngnomire
Founder & CEO

U.S. citizen and Cameroonian national. Ancestral connection to the Lomié-Nkamouna region. Leads consortium strategy, capital structuring, and sovereign relationships.

Alphonse Otsamzok
SVP, Government Relations · Co-Founder

Cameroonian national, based in Yaoundé. Leads government and regional relationship-building across Central Africa, including engagement with Cameroonian mining authorities.

The Project

The Lomié-Nkamouna Ni-Co-Mn Project

A laterite-hosted nickel-cobalt-manganese deposit in East Region, Cameroon, approximately 30 km northeast of Lomié — one of the largest undeveloped cobalt-bearing deposits in the world, with roughly 90% of the concession area still unexplored. Also known in the historical record as the Nkamouna project.

Location
East Region, Cameroon
Haut-Nyong Division · ~30 km NE of Lomié
Total Resource
323.3 Mt
Measured + Indicated + Inferred, NI 43-101 (historical)
Process Route
MHP
Chemically refined in Cameroon, not just concentrated
Current Status
EOI Submitted
March 2026 · process ongoing

Historical Resource Statement

CategoryTonnage (Mt)Co %Ni %Mn % Contained Co (kt)Contained Ni (kt)Contained Mn (kt)
Measured59.80.240.681.37144.0407.0819.3
Indicated60.80.220.621.32134.0377.0802.6
Measured & Indicated120.60.230.651.35277.3783.61,621.9
Inferred202.50.200.591.20405.01,195.02,430.0
Total Resource323.30.210.611.26682.41,978.64,051.9

Source: SRK Consulting (U.S.), Inc., NI 43-101 Technical Report on the Nkamouna and Mada Deposits (effective December 31, 2010; filed with the U.S. SEC, June 2011), incorporating the October 2009 resource update. Reported at a 0.12% Co cut-off for ferralite and 0.23% Co cut-off for breccia mineralization, per CIM Estimation Best Practices Guidelines. This is historical, third-party data prepared under a prior operator and has not been independently verified by Truvé. Contained manganese figures are derived arithmetically from the reported tonnages and grades and are not separately stated in the historical report. A resource update and Bankable Feasibility Study are planned as the first post-award technical work items.

Where the project stands

Truvé submitted its Expression of Interest to SONAMINES on March 30, 2026, as consortium lead, in response to the January 2026 international call for technical-financial partners (AIMI). The consortium was completed in April 2026 within the extension granted by SONAMINES. The state-led selection process is ongoing.

What hasn't happened yet

No concession has been awarded, no project financing has been secured, and no Bankable Feasibility Study has been completed. All project descriptions on this page reflect current plans and are subject to change as the process advances.

Development Approach
Proven technology, not experimental chemistry

A tested solution, applied with discipline.

Truvé's proposed route produces MHP — a chemically refined product. Physical pre-concentration methods (crushing, gravity or magnetic separation) upgrade the ore into a mineral concentrate, but the metal never leaves its native mineral structure — that chemistry, and the value it creates, still has to happen somewhere downstream. MHP means that chemical extraction step has already happened before the product ever leaves Cameroon. This is not new or experimental technology — it's a process class that has been operated commercially and refined over years of real-world use in African laterite and copper-cobalt processing.

What's specific to Lomié-Nkamouna is applying that established technology to this ore body. A dedicated whole-ore testwork program is planned as the first technical work item following concession award, to confirm site-specific process parameters ahead of a Bankable Feasibility Study — standard practice for bringing a proven process to a new deposit, not a sign the underlying technology is unproven.

Direct Precedent
Metalkol RTR — Democratic Republic of Congo

A commercial-scale operation producing the same refined output — MHP — from laterite-adjacent ore, using a comparable reductive leach process.

Independent Technical Review
YaKum Consulting — Qualified Person Gate Review

Dr. Yeonuk Choi and Dr. Peter Kondos provide independent metallurgical validation at each stage of process design, ahead of Bankable Feasibility Study submission.

Local Value Capture

We refine here. We don't just ship rock.

Cameroon's 2023 Mining Code provides investment incentives for operators who build local processing and refining capacity, not just extraction. Truvé's development plan is built around that principle from day one.

Many development plans for laterite deposits like Lomié-Nkamouna are built around physical pre-concentration alone — crushing, washing, and gravity or magnetic separation to produce a bulk mineral concentrate. That approach can lower upfront capital costs, but the core chemistry — and the value it creates — happens downstream, outside Cameroon. Truvé's proposed route performs that chemical refining step inside Cameroon, producing Mixed Hydroxide Precipitate (MHP), a concentrated, higher-value intermediate, rather than exporting bulk concentrate for refining elsewhere.

Physical Pre-ConcentrationLocal Chemical Refining (Truvé's Approach)
What it producesA bulk mineral concentrate — crushed and gravity/magnetically sorted oreMixed Hydroxide Precipitate (MHP), a concentrated Ni-Co chemical intermediate
Where the chemistry happensDownstream, outside CameroonInside Cameroon
Export volume vs. mined tonnageHigh — most of the mined material is exported as concentrateLow — a small fraction of mined tonnage, chemically concentrated
In-country value captureLimited to mining and initial sortingExtends through the core chemical refining step

General comparison of processing approaches for laterite nickel-cobalt deposits; presented for illustrative purposes and not a comparison to any specific competing proposal.

Project History & The Public Record

Decades of technical work, not a blank page.

Lomié-Nkamouna has a well-documented history. Truvé's role is to bring a stalled, thoroughly studied asset into development — not to start from zero.

1994–2002

The deposit is identified and systematically explored — more than 2,500 test pits and 23 drill holes — leading to the creation of Geovic Cameroon PLC (GeoCam) as the project's Cameroonian operating subsidiary.

2003

Mining Permit No. 33 is awarded to GeoCam for an initial 25-year term by Cameroonian government decree.

2006–2007

GeoCam's parent company completes a Toronto Stock Exchange listing. Cameroon's sovereign wealth fund (SNI) makes a direct investment in GeoCam.

2011

SRK Consulting completes an NI 43-101 technical report; a feasibility-level study is completed with Lycopodium Minerals and Knight Piésold, forming the resource basis still referenced today.

2013–2024

A proposed sale of the project does not proceed, and subsequent capital constraints and ownership changes leave the deposit undeveloped despite the completed feasibility work.

February 2025

The Cameroonian government withdraws Mining Permit No. 33 by presidential decree, citing more than two decades without exploitation, and returns the concession to state control under SONAMINES, the national mining corporation.

January 2026

SONAMINES launches an international call for technical-financial partners (AIMI) to develop and operate the deposit — a new, state-led selection process open to qualified companies worldwide.

2026

Truvé submits its Expression of Interest on March 30, 2026, as consortium lead; completes its consortium in April 2026 within the extension granted by SONAMINES. The sovereign selection process is ongoing.

Looking Ahead

Following concession award and financial close, Truvé's modular build approach targets first output within 18 months of a locked process design — modules fabricated off-site while financing and permitting run in parallel.

A note on the record

Readers researching this project online may encounter materials published by entities associated with the concession's former operator, describing plans to "restart" the project. For clarity, the public record is as follows: the former operator's mining permit was withdrawn by presidential decree in February 2025 after more than two decades without production; the concession was returned to the control of the State of Cameroon under SONAMINES; and in January 2026 SONAMINES opened a new international selection process for technical-financial partners.

The Lomié-Nkamouna concession is allocated exclusively through that state-led process. Truvé participates in it as consortium lead. No prior-era permit, plan, or claim supersedes the sovereign process now underway.

Ownership & Regulatory Framework

Structured to align with Cameroon's mining code.

Mining Code Alignment

Cameroon's December 2023 Mining Code mandates a minimum 10% free-carried interest for SONAMINES in concessions of this type. Truvé's proposal is structured to fully comply with — and exceed — this requirement.

Cameroonian Incorporation

Consistent with SONAMINES's AIMI qualification criteria, Truvé intends to establish a Cameroonian-domiciled entity to hold any awarded concession and to define a formal skills-transfer policy for the national workforce.

U.S. Registration Status

Health Equity Holdings, Inc. DBA Truvé is a Delaware corporation operating under public benefit principles. Federal contractor registration is in process, with a UEI and CAGE Code pending assignment via SAM.gov.

Our Team

A consortium built on real track record.

Truvé leads as consortium sponsor and concession applicant. Engineering, metallurgy, and legal execution are carried by named partners with direct, verifiable experience in African critical minerals.

EPCM & Technical Operator
Consortium Technical Partner

The consortium's engineering and technical operations are carried by a partner with decades of African project delivery, one of the deepest hydrometallurgical benches working on the continent, and direct precedent in the region's reductive-leach processing — committed to the project through a 546-page technical submission in the consortium's dossier.

YaKum Consulting Inc.
Independent Metallurgical & QP Review

Toronto-based. Dr. Yeonuk Choi and Dr. Peter Kondos bring 70+ combined years across Barrick Gold, Vale/Inco, Falconbridge, and KGHM.

Davis Graham & Stubbs LLP
U.S. Legal Counsel

Colorado-based mining and corporate counsel supporting transaction structuring and compliance.

Hermine Ngnomire and Alphonse Otsamzok lead the consortium — see Our Story above.

Additional technical and operations partners are engaged as the project advances; formal appointments are confirmed through binding agreements following concession award.
Community Commitment

Built with Cameroon, not just in it.

Local benefit is a design principle, not an afterthought.

Because our founding team's own roots are in the region, community benefit isn't a compliance checkbox — it's part of how the project is structured from the start, through a framework we call the Collective Covenant™. Final terms will be set out in the Mining Convention and definitive project agreements as the concession process advances.

  • The Collective Covenant™ — a blockchain-verified mechanism designed to direct a share of project revenue to independent foundations serving Cameroonian communities, transparently and permanently, before it can be diverted elsewhere — and senior to the project's own financing arrangements.
  • Local hiring — structured workforce development prioritizing East Region and Cameroonian nationals.
  • Environmental stewardship — ESIA update aligned to IFC Performance Standards, planned as a first post-award work item.
  • Transparent governance — auditable, publicly verifiable reporting on community commitments as the project moves forward.
Connect With Us

Let's talk about Lomié-Nkamouna.

Whether you're a prospective partner, a sovereign counterpart, or simply want to learn more about the project — we'd like to hear from you.