Alaska Energy Metals Corporation · TSXV:AEMC
Alaska Energy Metals — Investor Presentation (May 2024)
24 slides from Alaska Energy Metals's investor presentation, May 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 May 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 There is 5X more nickel than lithium in a lithium ion battery and nickel is a lot harder to find! • Total demand for nickel, cobalt and lithium in the US is expected to multiply
Slide 4: Nikolai Project: Secure, Domestic, American Supply
NIKOLAI PROJECT: SECURE, DOMESTIC, AMERICAN SUPPLY • China and Indonesia control much of the world’s nickel supply and are ramping up production. • Laterite nickel mining and processing is very hard on the environment and has a big carbon footprint. • The United States imports 100% of the nickel it
Slide 5: US Department of Energy: Nickel Going Critical
US DEPARTMENT OF ENERGY: NICKEL GOING CRITICAL • The US Inflation Reduction Act is driving enormous demand for energy metals but (correctly) puts Nickel: restraints on where the metals can be sourced – Free Important Trade countries. for Energy with High • There is not enough nickel in Free Trade co
Slide 6: Alaska Energy Metals: Management Team
ALASKA ENERGY METALS: MANAGEMENT TEAM GREGORY BEISCHER KYLE NEGRI President, CEO, Director VP Exploration Seasoned explorationist, founded Millrock Resources (successful project Alaskan geologist with 15+ years of experience. Educated at University of generator) and AEMC. Raised US$50+ million over
Slide 7: Alaska Energy Metals: Directors and Advisors
ALASKA ENERGY METALS: DIRECTORS AND ADVISORS CORRI FEIGE TYRON BREYTENBACH Director / Chair – Corp. Governance Advisor Commissioner of the Alaska Department of Natural Resources under Governor Former Managing Director and Equity Analyst at Cormark Securities and Stifel. Dunleavy (2018 – 2022). Board
Slide 8: Alaska Energy Metals: Capital Structure
ALASKA ENERGY METALS: CAPITAL STRUCTURE Current Share Structure – May 6, 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: $0.32 Market Cap: ~$30 M 3 Month Trading Volume: 630,000 FINANCINGS April 2023 LIFE PP:
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 to deep water Port of Valdez T
Slide 10: 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 11: 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. Canwell • Canwell Claim Block: 59 mining claims covering 9,440 acres or 3,820 hectares – option to purchase 100%. Eu
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: 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 Drill Hole Eureka Indicated Resource Resource Model 2024 MRE Pit Shell 813 million tonnes grading 0.29% NiEq: NiEq (ppm) 3.871 billion pou
Slide 14: Nickel Project: Eureka Zone Cross Section
NIKOLAI NICKEL PROJECT: EUREKA ZONE CROSS SECTION • The 2024 MRE is defined by 43 drill holes A PNI-12-061 EZ-23-001 A’ comprising 35 historic and eight holes drilled in PNI-10-036 PNI-11-042 2023 by AEMC • The 2024 MRE incorporates three zones (EZ1, EZ2, EZ3) of sulfide mineralization that cover 4.
Slide 15: 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 (0.42%
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: Project: 2024 Exploration Strategy (C$2.0M)
NIKOLAI PROJECT: 2024 EXPLORATION STRATEGY (C$2.0M) A #335252: 0.89% Ni, 0.19% Cu, 1.580 g/t Pd (1.25% NiEq) #335489: 1.0% Ni, 0.13% Cu, 0.924 g/t Pd (1.22% NiEq) A’ Equivalency Calculations: NiEq = (Ni%) + (Cu% * 0.31) + (Co% * 1.46) + (Pt% * 1,103) + (Pd% * 1,907) + (Au% * 2,153) PNI-07-002* 246.4
Slide 18: North American Peer Comparison
All Nickel Metal equivalents calculated using AEMC’s NiEq calculation on previous NORTH AMERICAN PEER COMPARISON slide. Market capitalizations updated as of 5/7/24. Numbers may vary due to rounding. 16.0 0.50 M&I NiEq Blbs Potential to increase 14.0 0.45 Inferred NiEq to 7.4 Billion Inferred NiEq Bl
Slide 19: Canwell Block Surface Prospects – High Grade Potential
CANWELL BLOCK SURFACE PROSPECTS – High Grade Potential 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 sulf
Slide 20: Canwell Property Drill Targets – Odie Prospect
CANWELL PROPERTY DRILL TARGETS – ODIE PROSPECT Surface Rock Sample 5.6% Ni, 1.2% Cu, 2040 ppb Pd • CSAMT, TEM and DIGHEM geophysical surveys 570 ppb Pt & 90 ppb Au show strong, magnetic conductive zone within ultramafic rocks that have nickel-copper occurrences at surface. • Historical drilling appe
Slide 21: Project: Timing of Events and Milestones
NIKOLAI PROJECT: TIMING OF EVENTS AND MILESTONES R Update Mineral Resource Estimate and PEA Access upgrades, Definition drilling, Publish Maiden Resource 2024 Exploration Campaign Baseline studies Updated Resource CalculationCalculations (2,500m drilling) March May Summer Fall February May Summer 20
Slide 22: Angliers Nickel Project, Quebec
ANGLIERS NICKEL PROJECT, QUEBEC • The Angliers project has potential for high grade Kambalda – style nickel copper mineralization. • A machine-learning Mineral Potential Index (MPI) mapping, analysis and synthesis of data was recently performed, which highlighted four areas of interest. • Area 1: MP
Slide 23: Alaska Energy Metals: Extraordinary Opportunity
ALASKA ENERGY METALS: EXTRAORDINARY OPPORTUNITY • Nickel and other critical and strategic metals are important for America’s electric energy expansion. • Nikolai Project – Eureka Deposit: Nickel, Copper, Cobalt, Chrome, Iron, precious metals and a variety of platinum group metals; a large deposit th
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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