Alaska Energy Metals Corporation · TSXV:AEMC
Alaska Energy Metals — Investor Presentation (April 2024)
24 slides from Alaska Energy Metals's investor presentation, April 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 April 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 – April 9, 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: 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 billio
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 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: 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$10.0M)
NIKOLAI PROJECT: 2024 EXPLORATION STRATEGY (C$10.0M) Ni (ppm) NiEq A A’ Equivalency Calculations: #335252: 0.89% Ni, 0.19% Cu, #335489: 1.0% Ni, 0.13% Cu, Surface (ppm) 1.580 g/t Pd (1.25% NiEq) NiEq = (Ni%) + (Cu% * 0.31) + (Co% * 1.46) + 0.924 g/t Pd (1.22% NiEq) PNI-07-002* Sample Block 246.4m @
Slide 18: North American Peer Comparison
All Nickel Metal equivalents calculated using AEMC’s NiEq calculation on previous NORTH AMERICAN PEER COMPARISON 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 only. Market capitalizations updated as of 4/1/24. Nu
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 • Compelling target! Surface Rock Sample 5.6% Ni, 1.2% Cu, 2040 ppb Pd 570 ppb Pt & 90 ppb Au • CSAMT, TEM and DIGHEM geophysical surveys show strong, magnetic conductive zone within ultramafic rocks that have nickel-copper occurrences at surface. • His
Slide 21: Project: Timing of Events and Milestones
NIKOLAI PROJECT: TIMING OF EVENTS AND MILESTONES R Update Mineral Resource Estimate Access upgrades. Definition drilling. Publish Maiden Resource Start of 2024 Exploration Baseline. Updated Resource CalculationCalculations Campaign (15,000m drilling) PEA / PFS. March May June Fall February May Summe
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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