Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF)
(“
Alaska Energy Metals” or the
“
Company”) announces that it plans to raise
$4,000,000 gross proceeds through a brokered private placement (the
“
Offering”) of units (the
“
Units”) at a price of $0.40 per Unit. The Company
intends to use the net proceeds for drilling to potentially outline
a nickel (copper, cobalt, chrome, iron, platinum, palladium, gold)
resource at the Eureka Zone of the Nikolai project in Alaska.
Drilling of 4,800 meters in 12 holes is planned. This exploration
work will be in addition to the previously announced geophysical
and geological programs to develop high-grade drilling targets on
the Canwell prospects at Nikolai.
Alaska Energy Metals has entered into an engagement letter with
Emerging Equities Incorporated (“EEI”) as lead
agent with rights of syndication. Syndicate members include
Canaccord Genuity Corp., Echelon Wealth Partners, Red Cloud
Securities Inc., and Cormark Securities Inc. The financing will be
done on a best-efforts basis. Each Unit will consist of one common
share of the Company and one-half of one share purchase warrant.
Each full warrant will entitle the warrant holder to purchase an
additional Alaska Energy Metals common share at the price of $0.80
for a term of two years.
The securities issued under the Offering will be subject to a
four-month hold period. The Offering is subject to receipt of TSX
Venture Exchange acceptance.
Company President and CEO Gregory Beischer commented: “Following
our initial project financing, a great deal of interest in the
project was expressed by the finance community in the Eureka
prospect where thick intervals of disseminated nickel sulfide
mineralization are reported from historical drill holes over a
twelve-kilometer-long strike extent. Our intention is to execute a
drill program to further test a portion of the mineralized zone.
Metallurgical studies are also planned.”
Marketing Contracts
The Company has signed advisory and marketing / investor
relations contracts with:
Omni8. Omni8 is an ambitious outsourced
marketing firm that links Fortune 500/100 companies to target
markets. The San Antonio, Texas-based company develops effective
ways to promote client’s products and services. Omni8 will: assist
in developing a corporate marketing strategy and provide marketing
and public relations advisory services; help coordinate marketing
timeline around expected news flow and events; make introductions
to its network of media contacts, internet and social media
marketers and other such providers; assist with public relations
efforts; Assist with development of marketing materials; and
distribute marketing materials through affiliate publishers and
distribution channels. The contract term is six month, starting on
July 15, 2023, and Omni8 will be paid $60,000.
MMG Market Medium GmbH & Co. KG.
(“MMG”) is a service provider in the field of
online marketing and investor relations services specializing in
the European market and is based in Germany. MMG will create
German-translated text materials, including text and display
advertisements, advertorials with company-provided publicly
disclosed information, and general information on the nickel and
battery metals sector. The firm will create specialized and
structured campaigns and ad groups, and optimize online advertising
for detailed keyword research, and identify possible target groups
of potential shareholders. MMG will coordinate third-party online
advertisers and marketers corresponding to the online marketing
targets. The contract has a term of six months starting on July 15,
2023 and MMG will be paid 150,000 euros (approximately $215,900)
for their services, including the costs of third-party
advertisers.
Advisory Board
Alaska Energy Metals has formed an advisory board consisting of
three individuals.
Tyron Breytenbach: Mr. Breytenbach is a former
equity analyst at Cormark Securities and Stifel Canada where he
interacted extensively with the international investment community.
Prior to joining Aris Mining in 2022, Mr. Breytenbach was a
Managing Director in the investment banking group
at Canada's largest employee-owned dealer - Cormark.
Prior to entering capital markets, Mr. Breytenbach spent a decade
in the mining industry as a geologist where he specialized in
exploration, resource estimation and grade control. Mr. Breytenbach
holds a BSc (Honours) Degree from Rand Afrikaans University
in South Africa and is a designated P.Geo. He started his
career under the Anglo Platinum Scholarship Program and has
extensive experience in the Bushveld Intrusive Complex
(the largest repository of magmatic ore deposits
globally).
Dr. Alex Steiner: Alex Steiner has more than
ten years of industry and academic experience exploring magmatic
Ni-Cu-PGE deposits and studying the petrology of large mafic
magmatic systems. He is currently a Senior Geologist with Big Rock
Exploration where he leverages geochemistry and petrology to
provide technical insight into a range of problems and deposit
types. He has previously worked for Twin Metals Minnesota LLC at
the Maturi Cu-Ni-PGE deposit, and Rio Tinto Exploration at the
Tamarack Ni-Cu-PGE deposit and other PGE-rich systems in
northwestern Ontario. He graduated from Indiana State University
with a bachelor’s in Geology and minor in geochemistry in 2012,
followed by a Master’s in Geology from University of Minnesota
Duluth in 2014. He completed his Ph.D. in 2021 at Michigan State
University studying the petrology of large mafic magmatic
systems.
Dr. Larry Hulbert: Dr. Hulbert has over 40
years of experience in the metallogeny of mafic-ultramafic rocks
and is an internationally recognized expert in platinum-group
elements and nickel-copper sulphides. Previously, he was Senior
Research Scientist with the Geological Survey of Canada and has
extensive industry experience including working directly on the
Company’s Nikolai project for over 10 years.
Stock Option Grant
The Company’s Board of Directors has authorized a grant of
1,700,000 stock options to employees, directors, consultants and
advisors to the Company. The options are to be granted with a
strike price equal to the closing market price of Alaska Energy
Metals shares on July 7, 2023 and will have a five-year term.
Gregory Beischer, the Company’s president and chief executive
officer, is the qualified person, as defined under National
Instrument 43-101 Standards of Disclosure for Mineral Projects,
responsible for, and having reviewed and approved, the technical
information contained in this news release.
About Alaska Energy MetalsAlaska Energy Metals
Corporation is focused on delineating and developing a large
polymetallic exploration target containing nickel, copper, cobalt,
chrome, iron, platinum, palladium and gold. Located in
development-friendly central Alaska near existing transportation
and power infrastructure, the project is well-situated to become a
significant, domestic source of critical and strategic
energy-related metals.
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:
604-638-3164Some statements in this news release may contain
forward-looking information (within the meaning of Canadian
securities legislation), including, without limitation, the
completion of the Offering, the Company’s successful realization of
adequate financing to drill exploratory holes at the Eureka
prospect of the Nikolai project and to achieve milestones
successfully. The potential quantity and grade of mineralized rock
targeted by Alaska Energy Metals is conceptual in nature. There has
been insufficient historical exploration drilling to estimate a
mineral resource, and it is uncertain if further exploration will
result in the estimation of a mineral resource. 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. 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.
Alaska Energy Metals (TSXV:AEMC)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Alaska Energy Metals (TSXV:AEMC)
Historical Stock Chart
Von Mai 2023 bis Mai 2024