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Alaska Energy Metals Provides Corporate Update and Reports on at - The - Market Equity Financing Program
Highlights: Efforts to secure government grant funding advances. Metallurgical work contin...
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":"Alaska Energy Metals Provides Corporate Update and Reports on at - The - Market Equity Financing ProgramHighlights:Efforts to secure government grant funding advances.Metallurgical work continues.Scoping study initiated.ATM financing sales report for 2nd quarter 2025.Sale of legacy gold projects anticipated. VANCOUVER, BC / ACCESS Newswire / July 11, 2025 / Alaska Energy Metals Corporation (TSX-V:AEMC)(OTCQB:AKEMF) (\" AEMC \" or the \" Company \") is pleased to provide the following corporate activity update and details of funds raised through its at-the-market equity (\"ATM\") program.Government Grant FundingAEMC continues to work to secure US government grant funding for the Nikolai project under the Title III Defense Production Act program. The Company's \"White Paper\" application was recently reviewed by Defense Industrial Base Consortium and was advised that the Nikolai has been given a \"MET\" rating. Nikolai is therefore available to be selected for award by the US Department of Defense, based on their need and available funding.AEMC CEO & President Gregory Beischer commented: \" This is a positive step forward in our efforts to secure what would be a transformative grant for the Company. \"Metallurgical StudiesThe Company is continuing with its metallurgical work to determine metal recovery rates and flow sheet design for production of various metal concentrates. First results are expected in about six weeks. The work is being performed by SGS at their Lakefield Laboratory. Fuse Advisors is providing additional technical support.Scoping StudyThe Company has initiated a scoping study to evaluate project economics on a high-level basis. The study will determine costs, optimum mining rate, and mining sequence. It is thought that early extraction of the higher-grade, near-surface core zone will have positive economic effects. The work will lead into a subsequent, more rigorous preliminary economic assessment. Fuse Advisors is performing the work.ATM SalesThe Company announces that during the fiscal quarter ending June 30, 2025 it has issued a total of 2,241,000 AEMC common shares (each a \" Share \") on the TSX-V at an average price of $0.103 per Share under its ATM equity program launched in February 2025. The sales provided gross proceeds of $224,422.50. A commission of $13,022.49 was paid to Haywood Securities Inc. ...