Business
Alaska Energy Metals Announces Corporate Events Including Purchase of Historical Data Set, Nikolai Nickel Project, Alaska
Highlights: Alaska Energy Metals Corporation (“Alaska Energy Metals” or “the Company”) has purchased a historical dataset that cost more than US$30 million to c
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" Highlights: Alaska Energy Metals Corporation (“Alaska Energy Metals” or “the Company”) has purchased a historical dataset that cost more than US$30 million to create. The data, which was collected by various companies from 1995 to 2014, includes: drill hole logs and assay information, several types of airborne and ground geophysical surveys, and geological mapping and thousands of soil and rock samples with assays. The information will greatly accelerate exploration of the Nikolai nickel project. The price AEMC has paid is approximately 5% of the estimated cost to replicate the data. Public Relations, Investor Relations and Advisory contracts have been signed. Stock options have been granted. VANCOUVER, British Columbia, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) is pleased to announce it has purchased an exclusive database of historical information concerning the Nikolai project in Alaska. The Company purchased the data from private company Alaska Critical Metals (“ACM”) for $1,050,000 and 2,000,000 Alaska Energy Metals shares at a deemed price of $0.50 per share. The shares are subject to a hold period; half to be released after six months and half to be released after one year. The purchase agreement is effective August 16, 2023, and is subject to acceptance by the TSX Venture Exchange. Alaska Energy Metals President & CEO Gregory Beischer commented: “A strong return on investment will be realized almost immediately from this data purchase. Thousands of metres of drilling are represented, including holes in the Eureka Zone exploration target area. This additional information will significantly accelerate our work. The geophysical surveys will be invaluable for guiding our drill programs toward higher-grade zones of mineralization. I am pleased that this information has been well-preserved and well-organized and that we have been able to purchase it. This move to purchase the data will provide an immediate benefit to our exploration program and to our shareholders. The cost we have paid to purchase the data is roughly 5% of the cost to replicate the data. This is a great step forward!” Data Purchase The Nikolai project was first explored by major nickel producer INCO Ltd in the late 1990s. Control of the project passed to Nevada Star Resources Ltd. (“Nevada Star”), which...