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Alaska Energy closes financing for exploration at Angliers-Belleterre project in Canada
Alaska Energy closes financing for exploration at Angliers-Belleterre project in Canada

Yahoo

time27-05-2025

  • Business
  • Yahoo

Alaska Energy closes financing for exploration at Angliers-Belleterre project in Canada

Alaska Energy Metals has successfully closed a financing round, raising C$500,020 ($364,405) for further exploration at its Angliers-Belleterre project in the Témiscamingue region of western Quebec, Canada. The financing was achieved through the issuance of flow-through units priced at C$0.115 each. The units sold in the offering comprised one common share and half of a common share purchase warrant. Each whole warrant allows the holder to purchase an additional non-flow-through common share at C$0.16 within a 24-month period post-closing. The TSX Venture Exchange has conditionally accepted the offering, which resulted in the issuance of 4,348,000 flow-through shares and 2,174,000 warrants. A finder's fee was paid to 3L Capital, which included C$35,001.40 in cash and 304,360 non-transferable share purchase warrants, each exercisable at C$0.115 for a two-year term. Securities issued under this offering are subject to a four-month hold period. The raised funds will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures, as well as BC flow-through mining expenditures, as defined by the Income Tax Act (Canada) and the Income Tax Act (British Columbia), respectively. The funds will be used for exploration work at the Angliers-Belleterre project with a focus on the Rapids/McBride and Vaseux prospects, with activities including geological mapping, prospecting, sampling, geophysical surveys and possibly exploration drilling. The Rapids/McBride prospect has shown signs of Kambalda-style nickel-copper mineralisation, while the Vaseux prospect indicates mineralisation similar to the nearby Midrim nickel prospect. In January 2024, Alaska Energy Metals completed a private placement of flow-through shares, accumulating C$1m for exploration at the Angliers project. "Alaska Energy closes financing for exploration at Angliers-Belleterre project in Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Alaska Energy Metals Announces Closing of Flow -Through Unit Financing With a Single, Strategic, Institutional Subscriber for Further Exploration at Angliers - Belleterre Project, Quebec
Alaska Energy Metals Announces Closing of Flow -Through Unit Financing With a Single, Strategic, Institutional Subscriber for Further Exploration at Angliers - Belleterre Project, Quebec

Yahoo

time26-05-2025

  • Business
  • Yahoo

Alaska Energy Metals Announces Closing of Flow -Through Unit Financing With a Single, Strategic, Institutional Subscriber for Further Exploration at Angliers - Belleterre Project, Quebec

Not for distribution to United States newswire services or for release publication, distribution, or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, BC / / May 26, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") is pleased to announce that it has closed a flow-through financing of units of the Company (the "Units") at a price of $0.115 per Unit, for gross proceeds of $500,020 (the "Offering"). Each Unit consisted of one common share of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) (an "FT Share") and one-half of one common share purchase warrant of the Company (each whole, a "Warrant"). Each whole Warrant is exercisable to purchase for one common share of the Company to be issued on a non-flow-through basis (a "Warrant Share") at an exercise price of $0.16 per Warrant Share for a period of 24 months after the closing date of the Offering. Upon the conditional acceptance of the TSX Venture Exchange (the "TSXV"), the Company closed the Offering and issued an aggregate 4,348,000 FT Shares and 2,174,000 Warrants underlying the Units sold in the Offering. The Company paid a cash fee of $35,001.40 and issued 304,360 non-transferable share purchase warrants (the "Finder Warrants") to arm's length finder, 3L Capital Inc., (the "Finder"), representing 7% of the gross proceeds and 7% of the Units arranged by the Finder under the Offering. Each Finder Warrant is exercisable to purchase one common share of the Company (the "Finder Share") at $0.115 per Finder Share for a period of 24 months after the closing of the Offering. The securities issued and issuable under the Offering are subject to a hold period of four months and one day following the closing date of the Offering. The net proceeds from the Offering will be used to incur "Canadian exploration expenses" as such term is defined under subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as "flow-through mining expenditures" as defined in subsection 127(9) of the Income Tax Act (Canada), and "BC flow-through mining expenditures" as defined in subsection 4.721(1) of the Income Tax Act (British Columbia). Proceeds of the financing will be deployed for exploration work at the Company's Angliers - Belleterre project in Quebec, with particular attention to the Rapids / McBride and Vaseux prospects. Planned work includes, geological mapping, prospecting and sampling, ground-based geophysical surveys and/or exploration drilling. The Rapids / McBride prospect shows possible signs of Kambalda-style nickel-copper mineralization but also has features indicative of a volcanogenic massive sulfide environment. The Vaseux prospect shows indications of mineralization potentially similar to the Midrim nickel prospect which occurs on third-party claims to the east. Qualified PersonGregory Beischer, the Company's President and CEO, is the qualified person, as defined under NI 43-101 having reviewed and approved of the scientific and technical information contained in this news release. For additional information, visit: About Alaska Energy MetalsAlaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders. AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Nikolai Project Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. Located in Interior Alaska near existing transportation and power infrastructure, its flagship project, Nikolai, is well-situated to become a significant domestic source of strategic metals for North America. AEMC also holds a secondary project in western Quebec; the Angliers - Belleterre project. Today, material sourcing demands excellence in environmental performance, technological innovation, carbon mitigation and the responsible management of human and financial capital. AEMC works every day to earn and maintain the respect and confidence of the public and believes that ESG performance is measured by action and led from the top. ON BEHALF OF THE BOARD"Gregory Beischer"Gregory Beischer, President & CEO FOR FURTHER INFORMATION, PLEASE CONTACT:Gregory A. Beischer, President & CEOToll-Free: 877-217-8978 | Local: 604-609-7149 Forward-Looking StatementsSome statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the statements as to the use of proceeds, to perform exploration surveys and to drill exploratory holes at the the Rapids / McBride and Vaseux prospects. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. This news release does not constitute an offer for sale, or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of the Company. The securities of the Company have not been, and will not be, registered under the 1933 Act or under any state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the 1933 Act and applicable state securities laws or an applicable exemption therefrom. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Alaska Energy Metals Corporation View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Alaska Energy Metals Files Updated NI 43-101 Technical Report for The Eureka Deposit, Nikolai Nickel Project, Alaska, USA
Alaska Energy Metals Files Updated NI 43-101 Technical Report for The Eureka Deposit, Nikolai Nickel Project, Alaska, USA

Associated Press

time22-04-2025

  • Business
  • Associated Press

Alaska Energy Metals Files Updated NI 43-101 Technical Report for The Eureka Deposit, Nikolai Nickel Project, Alaska, USA

2025 Mineral Resource Estimate for Eureka Deposit Significantly Increases Tonnage, Metal Content and Grade Findings Align With U.S. Government Effort to Strengthen Critical Mineral Supply Chains VANCOUVER, BC / ACCESS Newswire / April 22, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ('AEMC' or the 'Company') is pleased to announce that it has filed an Updated National Instrument 43-101 Technical Report (the 'Technical Report' or the 'Report') on SEDAR+ for its 100% owned Eureka Property, Nikolai Nickel Project in Alaska, USA. With the Nikolai deposit hosting seven Critical Minerals, two of which are Defense Production Act Title III materials 'essential for the national defense,' the announcement aligns with a series of U.S. presidential executive orders to strengthen U.S. critical mineral supply chains, including EO 14241 'Immediate Measures to Increase American Mineral Production' and EO 14153 entitled 'Unleashing Alaska's Tremendous Resource Potential.' Highlights of the Updated Technical Report and Mineral Resource Estimate include: The Report titled 'Nikolai Project Mineral Resource Estimate 2025 Update' is dated April 21st, 2025 and supports the disclosure made by the company in its March 10th, 2025 press release titled 'Alaska Energy Metals Announces Major Increases in Mineral Resource Estimate, Nikolai Nickel Project, Alaska, USA.' The Independent MRE and Updated Technical Report were prepared by Stantec Consulting Services, Inc. in accordance with National Instrument 43-101 regulations. The Report can be found under the Company's profile on SEDAR+ ( ) and on Alaska Energy Metals website ( ). Alaska Energy Metals President & CEO Gregory Beischer commented: 'The updated Mineral Resource Estimate shows a very substantial increase in tonnage and metal content. Nikolai represents the largest accumulation of nickel in the United States and contains six other critical and strategic metals. With the Trump Administration moving to strengthen U.S. Critical Mineral supply chains as a key policy priority, the deposit may prove to be very valuable to the United States as a secure, domestic source of these metals. The next steps for the Company are completion of metallurgical studies followed by economic analysis, and we expect to complete these studies in the coming months.' QUALIFIED PERSON Mr. Erik Langenfeld of Stantec Consulting Services Inc. is the independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and has prepared, or supervised the preparation of, or has reviewed and approved, the scientific and technical data pertaining to the MRE and technical report. Mr. Langenfeld declares he has read this press release and that the scientific and technical information relating to the resource estimate are correct. Gabriel Graf, the Company's Chief Geoscientist, is the qualified person, as defined under NI 43-101 having reviewed and approved of all other scientific and technical information contained in this news release. For additional information, visit: ABOUT ALASKA ENERGY METALS Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders. AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Nikolai Project Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. Located in Interior Alaska near existing transportation and power infrastructure, its flagship project, Nikolai, is well-situated to become a significant domestic source of strategic metals for North America. AEMC also holds a secondary project in western Quebec; the Angliers - Belleterre project. Today, material sourcing demands excellence in environmental performance, technological innovation, carbon mitigation and the responsible management of human and financial capital. AEMC works every day to earn and maintain the respect and confidence of the public and believes that ESG performance is measured by action and led from the top. ON BEHALF OF THE BOARD 'Gregory Beischer' Gregory Beischer, President & CEO FOR FURTHER INFORMATION, PLEASE CONTACT: Gregory A. Beischer, President & CEO Toll-Free: 877-217-8978 | Local: 604-609-7149 Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the estimation of mineral resources and that the Company a) will complete metallurgical and deportment studies, b) will perform economic analysis. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements do not guarantee future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include but are not limited to uncertainty relating to the estimation of mineral resources, regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. SOURCE: Alaska Energy Metals Corporation press release

Alaska Energy Metals Announces Resignation Of Director
Alaska Energy Metals Announces Resignation Of Director

Yahoo

time17-02-2025

  • Business
  • Yahoo

Alaska Energy Metals Announces Resignation Of Director

VANCOUVER, BC / / February 17, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("Alaska Energy Metals," "AEMC," or the "Company") announces that Mark Begich has decided to resign from his position as a Director of the Company, citing time constraints owing to changes in his other business activities. On behalf of all at Alaska Energy Metals, Company President Gregory Beischer thanks Mr. Begich for his contributions. For additional information, visit: ABOUT ALASKA ENERGY METALS Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders. AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Nikolai Project Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. Located in Interior Alaska near existing transportation and power infrastructure, its flagship project, Nikolai, is well-situated to become a significant domestic source of strategic metals for North America. AEMC also holds a secondary project in western Quebec; the Angliers - Belleterre project. Today, material sourcing demands excellence in environmental performance, technological innovation, carbon mitigation and the responsible management of human and financial capital. AEMC works every day to earn and maintain the respect and confidence of the public and believes that ESG performance is measured by action and led from the top. ON BEHALF OF THE BOARD"Gregory Beischer"Gregory Beischer, President & CEO FOR FURTHER INFORMATION, PLEASE CONTACT:Gregory A. Beischer, President & CEO 907-677-7479 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. SOURCE: Alaska Energy Metals Corporation View the original press release on ACCESS Newswire Sign in to access your portfolio

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