Alaska Energy Metals Advances Core Asset Focus with Sale of Mexico Subsidiary and Shareholding
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
NR: 24-13
ALASKA ENERGY METALS ADVANCES CORE ASSET
FOCUS WITH SALE OF MEXICO SUBSIDIARY AND
SHAREHOLDING
VANCOUVER, BRITISH COLUMBIA, May 13, 2024 – Alaska Energy Metals Corporation (TSX-
V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) today announced:
1) The sale of its shareholding in Felix Gold Ltd. (ASX: FXG) (“Felix Gold”), and
2) The sale of its Mexico subsidiary, Recursos Millrock S. de R.L. de C.V. (“Recursos
Millrock”).
As a result of these sales, AEMC added non-dilutive capital to its balance sheet.
“We have strategically re-built our asset portfolio to enhance our long-term sustainability and
maintain focus on our Nikolai Nickel Project,” says Gregory Beischer, CEO of Alaska Energy
Metals. “These sales allow us to realize value for these non-core assets. Alaska Energy Metals
owns other gold property assets in Alaska that it may also consider selling.”
Felix Gold Shares
The Company sold the Felix Gold shares it received in 2022 as partial payment for its gold
projects in the Fairbanks Gold District in Alaska. Proceeds from the sale amount to
CAD$350,000 net of brokerage and currency exchange fees.
Mexico Subsidiary
The Company has completed the sale of its Mexico subsidiary, Recursos Millrock, to Grupo
Minero Factor S.A. de C.V., a private company based in Chihuahua, Mexico. Consideration
for the purchase was the grant of royalty interests in 12 mining concessions that were held
by Recursos Millrock. Of particular note is the 0.5% royalty on the Higuerita concession,
which comprises the El Batamote porphyry copper project. Grupo Factor must offer to
return the concessions to the Company in the event they decide to abandon them. The
royalties are summarized in the table below. The Company may consider the sale of these
royalty interests in the future.
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Advances Core Asset Focus with Sale of
Mexico Subsidiary and Shareholding
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Announcement of Marketing
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For additional information, visit: https://alaskaenergymetals.com/
ABOUT ALASKA ENERGY METALS
Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in
Anchorage and Vancouver working to sustainably deliver the critical materials needed for
national security and a bright energy future, while generating superior returns for
shareholders.
AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic
Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and
gold. Located in Interior Alaska near existing transportation and power infrastructure, its
flagship project, Nikolai, is well-situated to become a significant domestic source of
strategic energy-related metals for North America. AEMC also holds a secondary project,
‘Angliers-Belleterre,’ in western Quebec. Today, material sourcing demands excellence in
environmental performance, carbon mitigation, and the responsible management of
human and financial capital. AEMC works every day to earn and maintain the respect and
Lots Title Royalty %
Red. Higuerita 7 - Batamote 247048 0.5%
Caribe 246607 1.0%
Karen 245261 1.0%
Shelly R.M. Fracc. 1 245322 1.0%
Shelly R.M. Fracc. 2 245323 1.0%
Opochi Pendiente (Expediente 82/39488) 1.0%
Río Sonora Pendiente (Expediente 82/39004) 1.0%
San Lorenzo 245591 1.0%
Texson 246607 1.0%
Texson Norte Fracc 1 Pendiente (Expediente 82/40895) 1.0%
Texson Norte Fracc 2 Pendiente (Expediente 82/40895) 1.0%
Texson Norte Fracc 3 Pendiente (Expediente 82/40895) 1.0%
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Advances Core Asset Focus with Sale of
Mexico Subsidiary and Shareholding
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Announcement of Marketing
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confidence of the public and believes that ESG performance is measured by action and led
from the top.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-638-3164
Sarah Mawji, Public Relations
Venture Strategies
Email: [email protected]
Some statements in this news release may contain forward-looking information (within the
meaning of Canadian securities legislation), including, but not limited to, a potential sale of
royalties and other assets. These statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties, and other factors which may cause the actual
results, performance, or achievements to be materially different from any future results,
performance, or achievements expressed or implied by the statements. Forward-looking
statements speak only as of the date those statements are made. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guaranteeing of future performance and actual results
may differ materially from those in the forward-looking statements. Factors that could cause the
actual results to differ materially from those in forward-looking statements include regulatory
actions, market prices, and continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or developments may differ materially
from those projected in the forward-looking statements. Forward-looking statements are based
on the beliefs, estimates and opinions of the Company's management on the date the
statements are made. Except as required by applicable law, the Company assumes no obligation
to update or to publicly announce the results of any change to any forward-looking statement
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Advances Core Asset Focus with Sale of
Mexico Subsidiary and Shareholding
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Announcement of Marketing
act Extension and Appointments
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contained or incorporated by reference herein to reflect actual results, future events or
developments, changes in assumptions, or changes in other factors affecting the forward-looking
statements. If the Company updates any forward-looking statement(s), no inference should be
drawn that it will make additional updates with respect to those or other forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this press release.