Alaska Energy Metals Corporation · TSXV:AEMC

Alaska Energy Metals — Investor Presentation (July 2023)

20 slides from Alaska Energy Metals's investor presentation, Jul 5, 2023

  1. Slide 1: Nikolai Ni-Cu-Co-Cr-Fe-PGM Project

    Nikolai Ni-Cu-Co-Cr-Fe-PGM Project July, 2023 Unlocking Alaska’s Critical and Strategic Metals For America’s Future TSX.V: AEMC | alaskaenergymetals.com OTCQB: AKEMF

  2. Slide 2: Disclaimer

    Disclaimer This presentation includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statement, other than statements of historical fact, included herein including, without limitation, statement regarding anticipated complet

  3. Slide 3: Nikolai Project - Value Proposition

    Nikolai Project - Value Proposition ➢ Skyrocketing nickel demand, and need for domestic supply of critical metals Insitu Exploration Target – Potential Inferred Resource (10,000m drilling) = 475 - 630Mt @ 0.35% NiEq ➢ Historical evidence for large, The potential quantity and grade is conceptual in n

  4. Slide 4: Alaska Energy Metals Management Team

    Alaska Energy Metals Management Team GREGORY BEISCHER DAVE CROSS KYLE NEGRI TRACI HARTZ GABE GRAF President, CEO, Director CFO Vice President Exploration Vice President Administration Chief Geoscientist A dynamic team with proven discovery and execution ability. Greg Beischer, Geologist and Mining E

  5. Slide 5: Capital Structure

    Capital Structure Current Share Structure Post Financing Cash Position: $5.0 million Issued and Outstanding Shares: 25.3 M Options: 770 K Proceeds will be used to execute a 4,800 meter drill Warrants: 626 K program at Eureka block, permit extension of historical Fully Diluted: 26.7 M Recent price: $

  6. Slide 6: Project Location

    Project Location Tier-1, pro-resource jurisdiction Alaska ranked 4th on the 2021 Fraser Institute for mining investment Development friendly area Nikolai Paved highway access Alaska Railroad and main electrical grid ~100km away Paved road access to deep water Port of Valdez | Unlocking Alaska’s Crit

  7. Slide 7: Project Location

    Project Location ✓ Two separate State of Alaska mining claim blocks ✓ Eureka Claim Block: 104 mining claims Canwell covering 22,400 acres or 9,064 hectares owned outright ✓ Canwell Claim Block: 47 mining claims Maclaren River Eureka Maclaren River covering 7,520 acres or 3,043 hectares under option

  8. Slide 8: 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

  9. Slide 9: Property Geology

    A A’ Property Geology Eureka Ice Rainy Canwell A’ Rainy Ice ➢ Largest intrusive center of mantle sourced, dynamic layered, mafic/ultramafic intrusives within the Wrangellia Terrain A Nikolai ➢ The eastern Wrangellia Terrain in Canada hosts several Flood Basalts Eureka smaller intrusives, with define

  10. Slide 10: Historical EM Surveys

    Historical EM Surveys • INCO completed a UTEM survey (7 discrete loops) over the Eureka claims in 1996 Tres Equis • Three distinct conductive bodies were discovered in loops 4, 5, 6, & 7. Lucky 7 Multiple UTEM conductors were located within the conductive bodies LFF • Pure Nickel Inc. completed a VT

  11. Slide 11: Eureka Mineralization Model

    Eureka Mineralization Model • 15 historical drillholes define Ni-Cu-Co- FL-004 114m @ 0.31% NiEq PGM mineralization for approximately 6km, with potential for in excess of 2.5 PNI-10-028 226m @ 0.34% NiEq billion tonnes of potential mineralization PNI-07-002 PNI-10-033 246m @ 0.30% NiEq • Mineralizat

  12. Slide 12: Eureka Cross Section

    Eureka Cross Section A A’ • Three discrete zones of mineralization have been FL-006 FL-003 1200m AMSL defined within historical drilling: 1) Upper Eureka Zone (UEZ) UEZ CEZ 2) Core Eureka Zone (CEZ) LEZ 3) Lower Eureka Zone (LEZ) 113.5m @ 0.32 % NiEq • CEZ has higher grade Ni, Cu, Pd and Au, which G

  13. Slide 13: Eureka Disseminated Mineralization

    Eureka Disseminated Mineralization FL-006 ~222m: serpentinized Peridotite, ~10% anhedral, interstitial, disseminated sulfides (Pentlandite, Chalcopyrite, Pyrrhotite) ACNC Sample: FX536333 (221.6-223.1m): 0.27% Ni, 0.08% Cu, 0.023% Co, 126 ppb Pd, 65 ppb Pt, 6 ppb Au (0.42% NiEq) | Unlocking Alaska’s

  14. Slide 14: Ni/Cu/PGM Deportment

    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 bearing sulphide

  15. Slide 15: 2023 Exploration Strategy ($5.0M)

    2023 Exploration Strategy ($5.0M) Insitu Exploration Target – Potential Inferred Resource ➢ Resample three historical drill holes (2 Historic Drill Holes + 5,000m drilling) = 295 - 395Mt @ 0.35% NiEq ➢ Density measurements of historical core The potential quantity and grade is conceptual in nature,

  16. Slide 16: 2024 Exploration Strategy ($4.0M)

    2024 Exploration Strategy ($4.0M) ➢ Complete an additional 5,000m of road- Insitu Exploration Target – Potential Inferred Resource based exploration drilling (2 Historic Drill Holes + 10,000m drilling) = 475 - 630Mt @ 0.35% NiEq ➢ Total drilling (Historic + 2023 + 2024) The potential quantity and gr

  17. Slide 17: North American Peer Comparison

    Note: Alaska Energy Metals’ Exploration Target accounts for planned $10M exploration programs North American Peer Comparison through 2024. Potential size of the deposit may be 3-4x based on results of 15 historical drill holes @ 0.30 NiEq, over 6 km of strike length. NiEq% is calculated using $7.00/

  18. Slide 18: Canwell Prospect Mineralization

    Canwell Prospect Mineralization Ni 13.6% Sample Information Ni_S_Assay Cu 4.5% Au 1.2 g/t Prospect Sample ID Type Ni % Cu % Au ppm Pt ppm Pd ppm Os ppm Ir ppm Ru ppm Rh ppm Pt 5.5 g/t Canwell Ridge AD02_14 1m chip 0.71 0.57 0.224 0.830 0.712 0.014 0.015 0.030 0.020 Pd 15.5 g/t Canwell Ridge Canwell0

  19. Slide 19: Canwell Prospect Opportunity

    Canwell Prospect Opportunity Woody Canwell Canyon Verona Pick Plateau Forbes Emerick Red Knob ➢ Exceptionally high-grade surface showings. Limited drilling ➢ Summer 2023 – rock and soil sampling and airborne EM on prospects. Very little exploration has been done and MAG to position for summer 2024 d

  20. Slide 20: Alaska Energy Metals – An Extraordinary Opportunity

    Alaska Energy Metals – An 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

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