Business
Alaska Energy Metals Provides Corporate Update
VANCOUVER, British Columbia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to provide a corporate update that highlights the accomplishments made since inception in April 2023 and looks ahead to 2024 plans. Alaska Energy Metals Corporation President & CEO Gregory Beischer commented: “I am very proud of what we have accomplished in just 10 months. We’ve successfully rebranded and recapitalized the Company; no small feat given challenging market conditions. For our Nikolai Nickel project in Alaska, we purchased a large database of historical information, calculated a significant maiden nickel resource, and identified drill targets to test for high-grade mineralization. With all our 2023 drill results now in hand, we will soon publish an updated Mineral Resource Estimate for the Eureka Zone and will receive bench-scale metallurgical test results. With an aggressive drilling program planned at Nikolai in 2024, we believe we will significantly expand the Nikolai Project’s metal inventory. Last year, we also purchased a company that owns a Quebec nickel project, which came with $2.8 million in cash. We have assembled a very strong team and are now executing a comprehensive market awareness program to position us for the next phase of the Company’s growth.” Company Progress: Renamed and refocused the company as a nickel explorer centered around two key projects in North America: the flagship Nikolai Nickel project in Alaska, USA, and a secondary project in Quebec, Canada. With the assistance of a strong capital markets group, brought in more than $15 million into the Company treasury during very challenging market conditions. Purchased an extensive database of exploration information at a bargain price, then recovered a portion of the cost by selling some of the information to a neighbouring claim owner. The dataset, created by prior workers from 1995 to 2012, contains geological, geochemical, geophysical, and drilling information costing tens of millions of dollars. This purchase allowed the Company to accelerate its exploration objectives at very low cost. Drill hole information in the purchased database allowed the Company to calculate a maiden Inferred Resource. To date, two deposits situated app...