Alaska Energy Metals Corporation · TSXV:AEMC
Alaska Energy Metals — Investor Presentation (March 2024)
24 slides from Alaska Energy Metals's investor presentation, Mar 14, 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 March 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 • Total demand for nickel, cobalt and lithium in the US is expected to multiply by 23 times by 2035 (S&P). • Nickel is crucial for electrical energy expansion for cars, buses, t
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 Alaskan geologist with 15+ years of experience. Educated at (successful project generator) and AEMC. Raised US$50+ million University of Alask
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 – March 14, 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: $0.35 Market Cap: ~$31 M 3 Month Trading Volume: 630,000 FINANCINGS April 2023 LIFE P
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: 104 mining claims covering 22,400 acres or 9,064 hectares - owned outright. Canwell • Canwell Claim Block: 63 mining claims covering 10,056 acres or 4,069 hectares – option to purchase Eureka
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 (ppm) Drill Hole 813 million tonnes grading 0.29% NiEq: Block Model Resource Model PNI-07-002* 3,871 millio
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 A EZ1 not included in MRE in this area due A’ comprising 35 historic and eight holes drilled in to lack of drill density 2023 by AEMC PNI-12-061 PNI-07-001 PNI-10-036 • The 2024 MRE incorporates three zones
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 previous slide. Cr ($1.04/lb.) and Fe ($80/tonne) prices are based from Canada Nickel’s Bankable FS. BLbs. of metal calculated from M&I tonnes. Numbers may vary due to rounding. Total NiEq Bl bs 16.
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
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 acquired the Angliers – Belleterre nickel project in eastern Quebec in late 2023. • 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 • Nickel and other critical and strategic metals are important for America’s electric energy expansion. • Nikolai Project: Nickel, Copper, Cobalt, Chrome, Iron, precious metals and a variety of platinum group metals. • A large deposit that could provid
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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