Alaska Energy Metals Announces Closing Of Life Offering of Units

About this update from Alaska Energy Metals Corporation

- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES - VANCOUVER, BC / ACCESS Newswire / January 30, 2026 / Alaska Energy Metals Corporation (TSX-V:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") is pleased to announce that it has closed a non-brokered private placement of 27,272,701 units (the "Units") of the Company at the price of $0.11 per Unit for gross proceeds of approximately $3 million (the "Offering"), which was previously announced on January 6, 2026. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a "Warrant Share") at an exercise price of $0.15 per Warrant Share until January 29, 2029. The Company plans to use the proceeds of the Offering to continue metallurgical studies, do exploration drilling, continue permitting activities and marketing and for general working capital purposes. The Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions to the Listed Issuer Financing Exemption (the "LIFE Exemption") to purchasers resident in each of the Provinces of Canada, except Quebec. The Units issued pursuant to the LIFE Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document related to the Offering that is available under the Company's profile at www.sedarplus.ca and on the Company's website at: www.alaskaenergymetals.com. Prospective investors should read the offering document before making an investment decision. In connection with the Offering, the Company paid to certain finders cash commission of approximately $227,079.76 and issued 2,064,361 non-transferrable warrants of the Company exercisable at any time until January 29, 2029 to acquire one Common Share at an exercise price of $0.15, subject to adjustment in certain events. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any ju...

View stock analysis, news, and events for Alaska Energy Metals Corporation