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Alaska Energy Metals Responds to OTC Markets Request on Recent Promotional Activity
VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) announces
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- 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 (the “Shares”) traded on the OTCQB Venture Market (“OTCQB”) (operated by OTC Markets). On July 23, 2024, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its Shares traded on the OTCQB, including the distribution of three email newsletters (the “Promotional Newsletters”) published by Wealth Research Group LLC, an affiliate of Gold Standard Media, LLC (“Gold Standard”) discussing the Company, its business, the economy, and the battery metals and nickel market generally. On October 30, 2023, January 19, 2024, and July 11, 2024, the Company entered into advertising agreements with 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, would provide investor relations and advertising services to the Company. The Company was therefore aware of Wealth Research Group, LLC’s promotional activities respecting the Company since October 30, 2023. Accordingly, the Promotional Newsletters were paid for by the Company through its engagement of Gold Standard. The engagement of Gold Standard, the nature of the relationship between the Company and Gold Standard, as well as the compensation paid to Gold Standard, was publicly disclosed in news releases on November 6, 2023, January 23, 2024, and July 16, 2024, which can be found under the Company’s profile on SEDAR+ (www.sedarplus.ca) and on the Company’s website (www.alaskaenergymetals.com). The Company provided Gold Standard with publicly available sources of information for its marketing materials and management reviewed and approved the materials prepared by Gold Standard prior to their dissemination, including to ensure factual accuracy. The Company does not believe the statements in the Promotional Newsletters were materially false or misleading. However, the Company notes that investing in the Company’s securities involves certain risks and uncertainties which investors should review prior to making any investm...