Alaska Energy Metals Corporation · TSXV:AEMC
Alaska Energy Metals — Investor Presentation (September 2024)
34 slides from Alaska Energy Metals's investor presentation, Sep 25, 2024
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 Corporate Presentation alaskaenergymetals.com August 2024 1
Slide 2: Alaska Energy Metals: Extraordinary Opportunity
Alaska Energy Metals: Opportunity to invest at an early stage and low valuation Extraordinary Opportunity Nickel and other critical and Eureka Deposit: Nickel, Copper, Cobalt, strategic metals are important Chrome, Iron and a variety of platinum group for America’s electric energy metals; a large de
Slide 3: 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 4: 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
Slide 5: US Department of Energy: Nickel Going Critical
US Department of Energy: Medium Term 2025-2035 Nickel Going Critical • The US Inflation Reduction Act is driving enormous demand for energy metals but (correctly) puts restraints on where the metals can be sourced – Free Trade countries. • There is not enough nickel in Free Trade countries to meet p
Slide 6: 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 of 15+ years of experience as exploration and mining Committed and skilled landwoman, deeply rooted Seasoned explorationist, founded
Slide 7: Directors and Advisors
Directors and Advisors Corri Feige Director Tyron Breytenbach Mark Begich Chair – Corp. Governance Director Director Commissioner of the Alaska Department of Natural Former Managing Director and Equity Analyst at Served as mayor of Anchorage for six years and Resources under Governor Dunleavy (2018
Slide 8: Capital Structure
Capital Structure Current Share Structure - September 13, 2024 Issued and Outstanding 152,971,867 Warrants 73,549,638 Options 7,897,500 Fully Diluted 234,419,005 Market Capitalization ~ $32M 3 Month Average Volume ~ 1.7M Cash on Hand ~ $5M TSX.V: AEMC OTCQB: AKEMF FRA: V7F 8
Slide 9: 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 4th on the 2021 Fraser Institute for mining investment TSX
Slide 10: Nikolai Infrastructure
Nikolai Infrastructure • 80 km (60 miles) south of Delta Junction – transportation hub • Richardson Highway – paved year-round highway • Denali Highway – seasonal gravel highway • Eureka Elevation: ~1,200m (3900 feet) above sea level; rolling tundra upland plain • Canwell elevation ranges from 800 –
Slide 11: Nikolai Mineral Claims
Nikolai Mineral Claims • Two separate State of Alaska mining claim blocks. • Eureka Claim Block: 106 mining claims covering 16,960 acres (6,863 hectares) - owned outright. • Canwell Claim Block: 59 mining claims covering 9,440 (3,820 hectares) – option to purchase 100%. • Historical mining road with
Slide 12: Nikolai Project: 2024 Mineral Resource Estimate
Nikolai Project: 2024 Mineral Resource Estimate Eureka Indicated Resource • 813 million tonnes grading 0.29% NiEq: • 3.871 billion pounds of nickel • 1.276 billion pounds of copper • 303 million pounds of cobalt • 4.0 million ounces of PGE (Pt & Pd), plus gold • 5.177 billion pounds of NiEq metal Eu
Slide 13: Nikolai Project: 2024 Mineral Resource Estimate
Nikolai Project: 2024 Mineral Resource Estimate • The 2024 MRE is defined by 43 drill holes comprising 35 historic and eight holes drilled in 2023 by AEMC • The 2024 MRE incorporates three zones (EZ1, EZ2, EZ3) of sulfide mineralization that cover 4.5 kilometers (2.8 miles) of the Eureka deposit • T
Slide 14: 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 15: Eureka Zone Ni/Cu/PGM Deportment
Eureka Zone Ni/Cu/PGM Deportment Rare interlocking of pentlandite and pyrrhotite was observed, Chalcopyrite, the main copper-bearing sulfide mineral, comprised favoring sulfide separation in the cleaner circuit stage. Laboratory about 70% of the total composite copper. Serpentine and olivine analysi
Slide 16: Nikolai Project: Eureka Deposit 2024 Exploration Plan
Nikolai Project: Eureka Deposit 2024 Exploration Plan Exploration Plan 2024 • 2024 MRE block model indicates grade increases to southeast • Complete 1,500m (3 holes) of drilling to add additional Inferred tonnage to the southeast. • Update NI 43-101 Indicated and inferred Resources • Metallurgical w
Slide 17: North American Peer Comparison
North American Peer Comparison All Nickel Metal equivalents calculated using AEMC’s NiEq calculation on previous slide. BLbs. of metal calculated from M&I tonnes only. Market capitalizations updated as of 5/7/24. Numbers may vary due to rounding. TSX.V: AEMC OTCQB: AKEMF FRA: V7F 17
Slide 18: Canwell Block Surface Prospects – High Grade Potential
Canwell Block Surface Prospects – High Grade Potential • Zones of massive and disseminated sulfides are exposed in places at surface. Sulfides include pyrrhotite, pentlandite, chalcopyrite, and millerite, with exceptionally high concentrations of Ni, Ni 12.7% Cu, Au, Pt, Pd, Os, Ir, Rh, & Ru Cu 3.8%
Slide 19: Canwell Property Priority Drill Target – Odie Prospect
Canwell Property Priority Drill Target – Odie Prospect • CSAMT, TEM and DIGHEM geophysical surveys show strong, magnetic conductive zone within ultramafic rocks that have nickel-copper occurrences at surface. • Historical drilling appears to have been too shallow, missing zones of high mag susceptib
Slide 20: Nikolai Project: Timing of Events and Milestones
Nikolai Project: Timing of Events and Milestones Mar 2024 May 2024 June 2024 Fall 2024 Feb 2025 May 2025 Summer 2025 Updated Resource Mineralogical Start of 2024 Assay Results Update Mineral Government Grant? Access upgrades Calculations Studies Exploration Metallurgical Studies Resource Estimate St
Slide 21: 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. • A 2-phase
Slide 22: Angliers Nickel Project, Quebec
Angliers Nickel Project, Quebec • TMI Mag • Area 1: MPI mapping and airborne surveys highlighted a zone of potential • Area 4: MPI mapping, airborne surveys and surface rock sampling ultramafic rocks that are host to known mineralization to the east of the highlighted a zone of potential ultramafic
Slide 23: Alaska Energy Metals: Potential Catalysts
Alaska Energy Metals: Potential Catalysts Increase size and grade of Eureka Deposit Catching up to Canada Nickel with a +$175M market cap. On track to become largest nickel deposit in the US. Explore Discover high grade massive sulfides at Canwell. Funding Possibility of government funding and strat
Slide 24: 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 Group Metals 907-677-7479 alaskaenergymetals.com info@alaskaenergymetals.com
Slide 25: Appendix Slides
TSX.V: AEMC OTCQB: AKEMF FRA: V7F Appendix Slides Appendix 907-677-7479 alaskaenergymetals.com info@alaskaenergymetals.com
Slide 26: 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 27: Appendix: Nikolai Eureka Project: 2024 Mineral Resource Estimate
Appendix: Nikolai Eureka Project: 2024 Mineral Resource Estimate Indicated Mineral Resource Tonnes and Grade • The effective date of the update Mineral Resource Estimate is February 12, 2024 Base and Battery Metals PGM and Precious Metals Total • NiEq = nickel equivalent, MT = million tonnes, Mlb =
Slide 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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 34: Financing Timeline
Financing Timeline April 2023 July-August 2023 December 2023 February 2024 July 2024 LIFE PP: $2.7 million Brokered PP: Flow through Non-brokered PP: Non-brokered PP: $9.5 million non-brokered PP: $1.0 million $3.5 million C$0.28 / No warrants $1.0 million C$0.40 C$0.40 Unit. / C$0.15 Unit / Full Un
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