Alaska Energy Metals Corporation · TSXV:AEMC
Alaska Energy Metals — Investor Presentation (January 2026)
33 slides from Alaska Energy Metals's investor presentation, January 2026
Slide 1: Unlocking Alaska’s Nickel and other Critical and Strategic Metals for America’s Future
TSX.V: AEMC OTCQB: AKEMF FRA: V7F Unlocking Alaska’s Nickel and other Critical and Strategic Metals for America’s Future Nickel Copper Cobalt Chromium Iron Platinum Palladium Gold Corporate Presentation alaskaenergymetals.com January 2026 1
Slide 2: Alaska Energy Metals: Extraordinary Opportunity
Alaska Energy Metals: Extraordinary Opportunity Largest documented nickel deposit in the US. Nickel and other critical and strategic metals are important for America’s Multiple critical metals. defense systems and for electric energy expansion. Eureka Deposit: Nickel, Copper, Cobalt, Chromium, Iron
Slide 3: US Department of Energy: Nickel Going Critical
US Department of Energy: Medium Term 2025-2035 Nickel Going Critical • S&P predicts 23X nickel demand increase in coming decade. • Stainless steel, rechargeable batteries, large-scale energy storage, super – alloys. • Strong desire to purchase nickel from Free – Trade countries. • There is not enoug
Slide 4: Alaska Energy Metals: Supportive Government
Alaska Energy Metals: Supportive Government Department of Defense (DoD) – Defense Production Act White Paper application for $56 million project (outcome = full- blown feasibility study ready to submit permit applications). Application reviewed and determined “Met”. Project can be funded by DoD. App
Slide 5: Management Team
Management Team Kyle Negri Gabe Graf Traci Hartz Gregory Beischer Chief Geoscientist President | CEO VP Exploration VP Administration Alaskan geologist with 15+ years 15+ years of experience as Committed and skilled Seasoned explorationist, founded of experience. Educated at exploration and mining g
Slide 6: Directors and Advisors
Directors and Advisors Corri Feige Tyron Breytenbach Ian Stalker Director Director Chair – Corp. Governance Director Chair – Compensation Chair - Audit Commissioner of the Alaska Department Former Managing Director and Equity Executive Chairman at Bradda Head Lithium, track record of of Natural Reso
Slide 7: Capital Structure
Capital Structure Common Shares Issued & Outstanding, August 1, 2025 184,075,572 Warrants 74,574,753 Stock Options 12,761,817 Restricted Share Units 16,958,317 Fully Diluted 292,758,642 Market Capitalization ~CDN$28,000,000 ~US$20,000,000 3-Month Average Daily Volume ~720,000 American shareholders ~
Slide 8: Nikolai Nickel Project Location
Nikolai Nickel Project Location • Tier-1 pro-resource jurisdiction • Development friendly area • Paved highway access • Paved road to deep water Port of Valdez • Alaska Railroad and main electrical grid ~100km (60 miles) away • Alaska ranked 1st for Mineral Potential, 3rd for Investment Attractivene
Slide 9: Nikolai Project: 2025 Mineral Resource Estimate
Nikolai Project: 2025 Mineral Resource Estimate Eureka Indicated Resource A’ • 1,190 Mt grading 0.42% NiEq: • 5.6 billion pounds of nickel • 1.8 billion pounds of copper • 345 million pounds of cobalt • 4.4 million ounces of PGE (Pt & Pd) + gold • 7.9 million pounds of chromium • 117 million tonnes
Slide 10: Nikolai Project: 2025 Mineral Resource Estimate
Nikolai Project: 2025 Mineral Resource Estimate • The 2025 MRE is defined by 47 drill holes A comprising 35 historic, and twelve holes drilled AEMC in 2023-24 PNI-12-061 • The MRE incorporates three zones (EZ1, EZ2, EZ3) of sulfide mineralization that cover ~5 EZ-23-001 20 PNI-10-036 A’ • Three disc
Slide 11: Eureka Disseminated Mineralization in Drill Core
Eureka Disseminated Mineralization in Drill Core EZ-23-001: 390.2m – 390.4m: serpentinized dunite ~10% anhedral, interstitial, disseminated sulfides (pentlandite, chalcopyrite, pyrrhotite) AEMC SAMPLE D00429199 (389.5m – 391.0m): 0.26% Ni, 0.21% Cu, 0.03% Co, 150 ppb Pd, 80 ppb Pt, 38 ppb Au, 3192 p
Slide 12: Eureka Zone Ni/Cu/PGM Deportment
Eureka Zone Ni/Cu/PGM Deportment Much of the nickel is in the form of pentlandite, copper in the form of Rare interlocking of pentlandite and pyrrhotite was observed, chalcopyrite = Chalcopyrite, the main copper-bearing sulfide mineral, favoring sulfide separation in the cleaner circuit stage. stand
Slide 13: North American Peer Comparison
North American Peer Comparison All Nickel Metal equivalents calculated using AEMC’s NiEq calculation on previous slide. NiEq calculations for Crawford and Nikolai contain chrome and iron metals. Market capitalizations updated as of 2/25/25. Numbers may vary due to rounding. Total Ni Blbs (M&I) Total
Slide 14: Nikolai Project: Timing of Events and Milestones
Nikolai Project: Timing of Events and Milestones Mar 2025 Spring 2026 Summer 2026 Fall 2026 Winter 2026 Updated Resource Metallurgical Studies Internal PEA PEA Access upgrades Calculations Permitting Drill for High Grade Government Grant? Environmental Baseline Bulk Sample Strategic Partner? TSX.V:
Slide 15: Angliers Project, Quebec
Angliers Project, Quebec TSX.V: AEMC OTCQB: AKEMF alaskaenergymetals.com April 2025 FRA: V7F
Slide 16: Location and Access
Location and Access • The Angliers Project is located within the Angliers and Belleterre townships in the Témiscamingue region of western Quebec, near the Ontario Border • Access is facilitated by paved highways and gravel roads. • The town of Ville-Marie is the largest agglomeration and offers all
Slide 17: Historical Exploration
Historical Exploration Norman • Majority of historical exploration work has Mcbride-2 been carried out on the Rapids and McBride prospects. • Regional geological mapping and wide spaced soil and rock samples have been collected property wide • No new drilling on the property since 1973. Lac des Quin
Slide 18: 2024 Exploration Program Overview
2024 Exploration Program Overview 2025 Angliers Proposed Budget Geological Mapping: $100,000 Prospecting: $50,000 Completed Work Maxwell Plate Modeling: $50,000 • 5058 till/soil samples (ice sheet Ground Geophysics and/or Drilling: $275,000 flow direction - SSW) Update 43-101 Report: $25,000 • 126 r
Slide 19: Alaska Energy Metals: Potential Catalysts
Alaska Energy Metals: Potential Catalysts Increase size and grade of Eureka Deposit Catching up to Canada Nickel with a +$150M market cap. Largest nickel deposit in the US. Metallurgy Complete metallurgical studies that prove good recoveries. Internal PEA Complete internal PEA to show economic viabi
Slide 20: Unlocking Alaska’s Critical and Strategic Metals for America’s Future
TSX.V: AEMC OTCQB: AKEMF FRA: V7F Unlocking Alaska’s Critical and Strategic Metals for America’s Future Nikolai Project Nickel Copper Cobalt Chromium Iron Platinum Palladium Gold 907-677-7479 alaskaenergymetals.com info@alaskaenergymetals.com
Slide 21: Appendix Slides
Appendix Slides Nikolai Project
Slide 22: Appendix: Nikolai Eureka Project: 2025 Mineral Resource Estimate
Appendix: Nikolai Eureka Project: 2025 Mineral Resource Estimate Base Case 0.064 Rec. NiEq2 COG Pit Constrained Indicated Mineral Resources Grade Tonnage Mineralized Zone Domain Ni Cu Co Au Pd Pt NiEq1 Rec. NiEq2 Cr Fe NiEq3 Rec. NiEq4 Mt % % % g/t g/t g/t % % % % % % EZ1 - - - - - - - - - - - - - E
Slide 23: Appendix: Nikolai Eureka Project: 2025 Mineral Resource Estimate
Appendix: Nikolai Eureka Project: 2025 Mineral Resource Estimate Base Case 0.064 Rec. NiEq2 COG Pit Constrained Inferred Mineral Resources Grade Mineralized Tonnage Domain Ni Cu Co Au Pd Pt NiEq1 Rec. NiEq2 Cr Fe NiEq3 Rec. NiEq4 Zone Mt % % % g/t g/t g/t % % % % % % EZ1 289 0.16 0.02 0.02 0.003 0.0
Slide 24: Appendix: Nikolai Eureka Project: 2025 Mineral Resource Estimate
Appendix: Nikolai Eureka Project: 2025 Mineral Resource Estimate • The effective date of the update Mineral Resource Estimate is March 7, 2025 • NiEq = nickel equivalent, MT = million tonnes, Mlb = Million pounds, KtOz = thousand troy ounces. • Totals may vary due to rounding. • CIM definitions are
Slide 25: Nikolai Nickel Project: Location Map
NIKOLAI NICKEL PROJECT: LOCATION MAP Tier-1, pro-resource jurisdiction Alaska ranked 3rd on the 2025 Fraser Institute for mining investment Nikolai Development friendly area Paved highway access Alaska Railroad and main electrical grid ~100km (60 miles) away Paved road to deep water Port of Valdez T
Slide 26: Nikolai Nickel Project: Location Map
NIKOLAI NICKEL PROJECT: LOCATION MAP • Two claim blocks; Eureka and Canwell Delta Junction • 80 km (60 miles) south of Delta Junction – a transportation hub er Riv Al a sk a lta Hig Richardson Highway – paved year-round hw De a y • highway Richar • Denali Highway –seasonal gravel highway dson H Macl
Slide 27: Nikolai Nickel Project: Claim Map
NIKOLAI NICKEL PROJECT: CLAIM MAP • Two separate State of Alaska mining claim blocks. • Eureka Claim Block: 106 mining claims covering 16,960 acres or 6,863 hectares - owned outright. Tres Equis Canwell • Canwell Claim Block: 59 mining claims covering 9,440 acres or 3,820 hectares – option to purcha
Slide 28: North American Peer Comparison
North American Peer Comparison All Nickel Metal equivalents calculated using AEMC’s NiEq calculation on previous slide. NiEq calculations for Crawford and Nikolai with and without chrome and iron metals. Market capitalizations updated as of 2/25/25. Numbers may vary due to rounding. Conversion of In
Slide 29: Full Advisory Board
Full Advisory Board Dr. Larry Hulbert Advisor Over 40 years of experience in the metallogeny of mafic-ultramafic rocks. An internationally recognized expert in platinum-group elements and nickel-copper sulphides. Previously Senior Paul Matysek Research Scientist with the Geological Survey of Canada.
Slide 30: Stratigraphic Model
Stratigraphic Model • Up to four distinct, near surface, magmatic cycles, which are comagmatic feeders to the Nikolai flood basalts. • PGE-Ni depletion associated with Nikolai flood basalts is a strong indicator of magma that was expelled from a subvolcanic magma chamber that had segregated signific
Slide 31: Property Geology
Property Geology A A’ Rainy Eureka Ice Canwell A’ Rainy Ice Ø Largest intrusive center of mantle sourced, dynamic layered, mafic/ultramafic intrusives A within the Wrangellia Terrain Nikolai Flood Basalts Eureka Ø The eastern Wrangellia Terrain in Canada hosts several smaller intrusives, with define
Slide 32: The New Demand for Nickel: Stainless Steel now Batteries
The New Demand for Nickel: Stainless Steel now Batteries Nickel Nickel is crucial for electrical energy expansion for cars, buses, trucks, farm equipment, renewable storage. Nickel is an important metal for the aerospace industry and defense components Total demand Total demand for nickel, cobalt an
Slide 33: Nikolai Project: Secure, Domestic, American Supply
Nikolai Project: Indonesia is the dominant nickel producer. Much of the Indonesia Secure, Domestic, American Supply production is controlled by China. 2022 Nickel Mining Production by Country These two countries will control 71% by 2030. Primary nickel supply forecast by market Bloomberg / NEF Unite
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