Alaska Energy Metals Corporation · TSXV:AEMC
Alaska Energy Metals — Investor Presentation (February 2024)
24 slides from Alaska Energy Metals's investor presentation, Feb 9, 2024
Slide 1: Unlocking Alaska's Critical and Strategic Metals for America's Electric Future
UNLOCKING ALASKA’S CRITICAL AND STRATEGIC METALS FOR AMERICA’S ELECTRIC FUTURE Nikolai Ni-Cu-Co-Cr-Fe-PGM Project TSX.V: AEMC OTCQB: AKEMF alaskaenergymetals.com February 2024 FRA: V7F
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains information and projections that constitute forward-looking information under applicable securities laws. Such forward-looking information includes, without limitation, statements based on current expectations involving a number of risks and unce
Slide 3: The New Demand for Nickel: Stainless Steel Now Batteries
THE NEW DEMAND FOR NICKEL: There is 29 kg or 64 pounds of nickel STAINLESS STEEL NOW BATTERIES in every average EV battery TSX.V: AEMC | OTCQB: AKEMF alaskaenergymetals.com
Slide 4: US Department of Energy: Nickel Going Critical
US DEPARTMENT OF ENERGY: NICKEL GOING CRITICAL Nickel: • Total demand for nickel, cobalt and lithium in the US is Important expected to multiply by 23 times by 2035 (S&P) for Energy • Steady supply of nickel is crucial for a smooth transition with High to EVs Supply Risk • US Inflation Reduction Act
Slide 5: Nikolai Project: Secure, Domestic, American Supply
NIKOLAI PROJECT: SECURE, DOMESTIC, AMERICAN SUPPLY • China and Indonesia control much of the world’s nickel supply. • The United States imports 100% of the nickel it consumes. • The United States is vulnerable to supply disruptions for many metals, especially nickel. • America needs a secure, domest
Slide 6: Alaska Energy Metals Corporation: Management Team
ALASKA ENERGY METALS CORPORATION: MANAGEMENT TEAM GREGORY BEISCHER DAVE CROSS KYLE NEGRI TRACI HARTZ GABE GRAF JANICE DAVIES President, CEO, Director CFO VP Exploration VP Administration Chief Geoscientist Corporate Secretary A dynamic team with proven discovery and execution ability: Greg Beischer:
Slide 7: Alaska Energy Metals: Directors and Advisory Board
ALASKA ENERGY METALS: DIRECTORS AND ADVISORY BOARD CORRI FEIGE PETER J. CHILIBECK LARRY J. COOPER TYRON BREYTENBACH ALEX STEINER LARRY HULBERT MARK BEGICH Director Director Director Advisor Advisor Advisor Chair – Corp. Governance Chair – Compensation Director Chair - Audit Corri Feige: Geophysicist
Slide 8: Alaska Energy Metals: Capital Structure
ALASKA ENERGY METALS: CAPITAL STRUCTURE Current Share Structure – February 12, 2024 Issued and Outstanding: 89,017,061 Options: 4,447,500 Warrants: 17.496,108 Options 7,622,500 Fully Diluted: 114,135,669 Recent Price: $0.42 Market Cap: ~$34 M 3 Month Trading Volume: 502,000 FINANCINGS April 2023 LIF
Slide 9: Nikolai Nickel Project: Location Map
NIKOLAI NICKEL PROJECT: LOCATION MAP Tier-1, pro-resource jurisdiction Alaska ranked 4th on the 2021 Fraser Institute for mining investment Nikolai Development friendly area Paved highway access Alaska Railroad and main electrical grid ~100km (60 miles) away Paved road access to deep water Port of V
Slide 10: Nikolai Nickel Project: Location Map
NIKOLAI NICKEL PROJECT: LOCATION MAP • Two claim blocks; Eureka and Canwell • 80 km (60 miles) south of Delta Junction – Delta Junction a transportation hub er • Richardson Highway – paved year-round Riv Al a sk a lta Hig hw highway De a y • Denali Highway –seasonal gravel highway Richar dson H • Eu
Slide 11: Nikolai Nickel Project: Claim Map
NIKOLAI NICKEL PROJECT: CLAIM MAP • Two separate State of Alaska mining claim blocks. • Eureka Claim Block: 104 mining claims covering 22,400 acres or 9,064 hectares - owned outright. • Canwell Claim Block: 63 mining claims covering 10,056 acres or 4,069 hectares – option to purchase 100%. • Histori
Slide 12: Eureka Project: 2024 Mineral Resource Estimate
NIKOLAI EUREKA PROJECT: 2024 MINERAL RESOURCE ESTIMATE Indicated Mineral Resource Tonnes and Grade Base and Battery Metals PGM and Precious Metals Total • The effective date of the update Mineral Resource Estimate is February 12, 2024 NiEq Cutoff Tonnage Area Mineralized Zone Ni Cu Co Pt Pd Au NiEq*
Slide 13: Nikolai Project: 2024 Mineral Resource Estimate
NIKOLAI PROJECT: 2024 MINERAL RESOURCE ESTIMATE Note: Mineral Resource Estimates are not mineral reserves and do not have demonstrated economic viability. LEGEND Eureka Indicated Resource NiEq Drill Hole PNI-07-002* (%) 813 million tonnes grading 0.29% NiEq: 246.4m @ 0.26% NiEq (EZ3) Resource Model
Slide 14: Nikolai Nickel Project: Eureka Zone Cross Section
NIKOLAI NICKEL PROJECT: EUREKA ZONE CROSS SECTION • The 2024 MRE is defined by 43 drill holes EZ1 not part of MRE in this area due to lack comprising 35 historic and eight holes drilled in of drill density 2023 by AEMC • The 2024 MRE incorporates three zones (EZ1, EZ2, EZ3) of sulfide mineralization
Slide 15: Eureka Disseminated Mineralization in Drill Core
EUREKA DISSEMINATED MINERALIZATION IN DRILL CORE EZ-23-001: ~390.2m – 390.4m: serpentinite dunite ~10% anhedral, interstitial, disseminated sulfides (pentlandite, chalcopyrite, pyrrhotite) AMEC SAMPLE D00429199 (389.5m – 391.0m) 0.26% Ni, 0.21% Cu, 0.03% Co, 150 ppb Pd, 80 ppb Pt, 38 ppb Au (0.42% N
Slide 16: Eureka Zone Ni/Cu/PGM Deportment
EUREKA ZONE Ni/Cu/PGM DEPORTMENT Microprobe Results (UBC) Eureka Pentlandite Averages (20 Grains) Fe WT% Co WT% Ni WT% S WT% TOTAL 38.53 1.30 27.15 33.01 100.00 Eureka Pyrrhotite Averages (22 Grains) Fe WT% Co WT% Ni WT% S WT% TOTAL 62.72 0.00 0.01 36.69 99.42 Chalcopyrite was the main copper bearin
Slide 17: Nikolai Project: 2024 Exploration Strategy ($10.0M)
NIKOLAI PROJECT: 2024 EXPLORATION STRATEGY ($10.0M) • Complete an additional 10,000m of exploration drilling in 28 holes. Equivalency Calculations: NiEq = (Ni%) + (Cu% * 0.31) + (Co% * 1.46) + PNI-07-002* Conversion from Inferred (Pt% * 1,103) + (Pd% * 1,907) + (Au% * • Drilling to convert Inferred
Slide 18: North American Peer Comparison
NORTH AMERICAN PEER COMPARISON All Nickel Metal equivalents calculated using AEMC NiEq calculation on slide 3. Cr, Fe, Ag and Rh are not included in the calculations. BLbs. of metal calculated from M&I tonnes. Numbers may vary due to rounding. Assumes 2024 drilling will convert Inferred to Total NiE
Slide 19: Canwell Block Surface Prospects
CANWELL BLOCK SURFACE PROSPECTS Ni 13.6% Cu 4.5% Au 1.2 g/t Pt 5.5 g/t Pd 15.5 g/t Odie Canyon Woody Verona Pick Plateau Os 0.3 g/t Forbes Upper Canwell Ir 0.3 g/t Emerick Glacier Lake Red Knob Ru 0.6 g/t Rh 0.2 g/t Value = $5,000/t USD • Zones of massive and disseminated sulfides are exposed in pla
Slide 20: Canwell Property Drill Targets
CANWELL PROPERTY DRILL TARGETS Upper Canwell Prospect Odie Prospect Surface Rock Sample Surface Rock Sample 10.4% Ni, 4.3% Cu 5.6% Ni, 1.2% Cu, 2040 ppb Pd 570 ppb Pt & 90 ppb Au CAN-001 5.2m @ 0.73% Ni, 0.54% Cu, 858 ppb Pd, 751 ppb Pt & 232 ppb Au CAN-DH-06 12m @ 0.56% Ni, 0.15% Cu, 136 ppb Pd, 10
Slide 21: Nikolai Project: Timing of Events and Milestones
NIKOLAI PROJECT: TIMING OF EVENTS AND MILESTONES R Initiate PEA Publish Maiden Resource Start of 2024 Exploration Updated Resource Campaign (15,000m drilling) CalculationCalculations March May June Fall/Winter December 2024 2024 2024 2024 2024 Completion of Receipt of 2024 Assay Receipt of All 2023
Slide 22: Angliers – Belleterre Nickel Project, Quebec
ANGLIERS – BELLETERRE NICKEL PROJECT, QUEBEC • Alaska Energy Metals has recently acquired the Angliers – Belleterre nickel project in eastern Quebec. • The property has potential for high grade Kambalda – style nickel copper deposits. • A Quebec project opens up the possibility of accessing flow- th
Slide 23: Alaska Energy Metals: Extraordinary Opportunity
ALASKA ENERGY METALS: EXTRAORDINARY OPPORTUNITY • Alaska Energy Metals intends to explore, delineate and develop a large deposit of critical and strategic metals needed to help transition to an electric energy dominated society. • Nikolai Project: Nickel, Copper, Cobalt, Chrome, Iron, precious metal
Slide 24: Unlocking Alaska's Critical and Strategic Metal for America's Future
UNLOCKING ALASKA’S CRITICAL AND STRATEGIC METAL FOR AMERICA’S FUTURE Nikolai Ni-Cu-Co-Cr-Fe-PGM Project
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