Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF)
(“
AEMC” or the “
Company”)
announces that it has been requested by OTC Markets Group Inc.
(“
OTC Markets”) to issue this statement about
promotional activity concerning its common shares traded on the
OTCQB market (operated by OTC Markets).
On February 13, 2024, OTC Markets informed the
Company that it became aware of certain promotional activities
concerning the Company and its common shares traded on the OTCQB
Marketplace, including the distribution of five (5) newsletter
emails published by Future Money Trends, Wealth Research Group,
Portfolio Wealth Global, and Crush the Street discussing the
Company, its business, and the battery metals and nickel market
generally (collectively, the “Gold Standard
Newsletters”).
On October 30, 2023, the Company entered into an
advertising agreement with Gold Standard Media, LLC (“Gold
Standard”), whereby Gold Standard, along with its
affiliates, Future Money Trends LLC, Wealth Research Group LLC,
Crush the Street, and Portfolio Wealth Global LLC (collectively,
the “Gold Standard Affiliates”), would provide
investor relations and advertising services to the Company. The
Company was therefore aware of the Gold Standard Affiliates’
activities respecting the Company since October 30, 2023.
Accordingly, the Gold Standard Newsletters were paid for by the
Company through its engagement of Gold Standard.
With respect to other marketing services
providers engaged by the Company within the last 12 months,
commencing on approximately July 15, 2023, the Company launched a
marketing and investor relations program to raise awareness about
Company’s potential to uncover critical metals resources at its
Nikolai nickel project in Alaska. The following is a list of the
third-party providers (collectively, the “Service
Providers”) engaged by the company to provide investor
relations services, marketing, or other related services in the
last twelve months. All listed contracts are active:
- Virtus Media Group, LLC. (DBA PB
Alerts);
- 2686362 Ontario Corp (DBA Canacom
or Deepdive);
- Apollo Shareholder Relations
Ltd.;
- Triple Bull Consulting Inc. (DBA
Momentum Letter);
- Super Charged Stocks Limited (DBA
Market Mindset);
- Gold Standard Media, LLC;
- MMG Market Medium GmbH &
Co.;
- Senergy Communications Capital
Inc.;
- Energy & Gold Publishing Ltd.
;
- Final Edit Media and Public
Relations Inc.;
- Canid Capital Corporation;
- Omni8 Communications Inc.;
- Junior Resource Investing.;
- Commodity Partners Inc.;
- Triomphe Holdings Ltd. (DBA Capital
Analytica);
- Econ Corporate Services Inc. (DBA
Investor Ideas); and
- Market Radius Capital Inc.
The Company was therefore aware of the Service
Providers’ activities respecting the Company since it began its
marketing campaign on approximately July 15, 2023. The Service
Providers are third-party marketing and advertising firms. The
appointment of the Service Providers, the nature of the
relationship between the Company and the Service Providers, as well
as the compensation to be paid to the Service Providers were
publicly disclosed in news releases on July 6, 2023, November 6,
2023, December 8, 2023, January 23, 2024, and January 30, 2024. All
of which can be found under the Company’s profile on SEDAR+
(www.sedarplus.ca).
The Company provided the Service Providers with
publicly available sources of information for its marketing
materials and management reviewed and commented on the materials
prepared by the Service Providers prior to their dissemination,
including to ensure factual accuracy. The Company does not believe
any of the statements in the marketing materials prepared by the
Service Providers were materially false or misleading.
A significant increase in the trading volume of
the Company’s common shares was noted by OTC Markets on February
12, 2024. The Company understands certain promotional activity
coincided with increased trading activity in its common shares
beginning on February 12, 2024. However, the Company does not
believe the promotional activities were the primary factor in any
increase in trading volume in its common shares. Rather, on
February 12, 2024, the Company announced a major increase in its
Mineral Resource Estimate (“MRE”) for its Eureka
deposit at its Nikolai nickel project in Alaska. The Company
believes that the favourable MRE results were the primary factor in
the increased trading volume.
None of the Company’s management, directors or
control persons have sold or purchased the Company’s securities
within the past 90 days. After an inquiry amongst the Service
Providers, to management’s knowledge, none of the Service Providers
have sold securities of the Company within the past 90 days,
except:
- An affiliate of Gold Standard, sold
an aggregate of 1,289,500 common shares and purchased an aggregate
of 270,000 common shares; and
- Entities controlled and directed by
Commodity Partners Inc.’s principals, Mario Vetro and Carson
Seabolt, sold an aggregate of 2,381,082 common shares and purchased
an aggregate of 1,958,500 common shares.
The company has not at any point issued shares
or convertible instruments allowing conversion to equity securities
at prices constituting a discount to the current market rate at the
time to any of the Service Providers, including investor relations
or marketing firms.
For additional information, visit
https://alaskaenergymetals.com/.
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 central Alaska near existing
transportation and power infrastructure, the Nikolai Nickel project
is well-situated to become a significant, domestic source of
critical and strategic energy-related metals for the American
market. The Company is also developing the Angliers nickel project
in Quebec.
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:
604-638-3164
Sarah Mawji, Public RelationsFinal Edit Media and Public
Relations Email: sarah@finaleditpr.com
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.
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