Alaska Energy Metals Announces Appointment of New CFO, Marketing Agreements, and Grant of Restricted Share Units and Stock Options
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
NR: 24-33
ALASKA ENERGY METALS ANNOUNCES
APPOINTMENT OF NEW CFO, MARKETING
AGREEMENTS, AND GRANT OF RESTRICTED SHARE
UNITS AND STOCK OPTIONS
VANCOUVER, BRITISH COLUMBIA, October 4, 2024 – Alaska Energy Metals Corporation
(TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals”, “AEMC” or the “Company”) makes
the announcements listed below.
Chief Financial Officer
Kevin Ma has been appointed as the Company’s Chief Financial Officer (“CFO”) effective
immediately, replacing David Cross, who served as the Company’s CFO since 2020. Mr.
Cross and his firm, Cross Davis & Company, will continue to assist with accounting and
financial reporting for the Company during a transition period. The Company thanks Mr.
Cross for his four years of strong service to Alaska Energy Metals and predecessor
company Millrock Resources Inc. Mr. Ma is a Chartered Professional Accountant and
principal of Calibre Capital Partners of Vancouver, Canada, and has served as CFO or
Finance Director for numerous exploration and mining companies.
Marketing and Market Maker Contracts
In accordance with the requirements of TSX Venture Exchange Policy 3.4 – Investor
Relations, Promotional and Market Making Activities, the Company announces that it has
entered into marketing contracts as follows:
Apollo Shareholder Relations (“Apollo”)
The Company has engaged Apollo to provide investor communications services,
including email list building and management, live events, content creation, and
forum and chatroom content creation, quarterly research reports, email list building
for an initial term of seven months with the possibility to renew for additional one-
month intervals on the same terms as the initial term. The initial term of Apollo’s
engagement will commence on approximately October 1, 2024, and will run until
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Corporate Updates
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approximately April 30, 2025. Apollo is a British Columbian-based company headed
by Kevan Matheson, Chase Kazakoff, and Jazz Chodak. The consideration payable to
Apollo is a total of CAD$47,000 plus GST for the initial seven-month term, which will
be paid upfront. To the best of the Company’s knowledge, Apollo does not have any
equity interest in the securities of the Company or a right to acquire such an
interest. Apollo operates as an arm’s length service provider to the Company.
New Era Publishing Inc. dba www.carboncredits.com (“carboncredits.com)
The Company has engaged www.carboncredits.com to engage North American and
European investor audiences to bolster awareness of the Company through the
carboncredits.com website and email newsletters. This will be a six-month
campaign beginning on or about October 3, 2024. The Company will be featured in
native editorial and advertising spots featured on the Nickel Pricing Page of the
website. Press releases will be highlighted on the carboncredits.com homepage and
news spots. Also, the Company will be featured in editorial articles on the nickel
sector. The Company will be linked with major partner networks such as (Benzinga,
Zacks, and BarChart). The Company will pay carboncredits.com a service fee of
USD$50,000 per month (USD $300,000 total) for the services to be provided.
Carboncredits.com and its management operate as an Arm’s length service provider
to the Company. To the best of the Company’s knowledge, New Era Publishing Inc.
does not have any equity interest in the securities of the Company or a right to
acquire such an interest.
Machai Capital Inc. (dba wallstreetreport.de) (“Machai”)
Machai, based in Vancouver, Canada, will do branding, content and data
optimization to assist the Company in creating in-depth marketing campaigns,
tracking, organizing, and executing services through search engine optimization.
Lead generation, digital marketing, social media marketing, email marketing, and
brand marketing will be included in the services. Pursuant to the agreement
between the Company and Machai dated September 30, 2024, the term of
engagement is six months, and the fee of $155,000 is payable upfront. Machai is a
British Columbian-based company and is headed by Sunil Sandhu. Machai and its
management operate as an Arm’s length service provider to the Company. To the
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Corporate Updates
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best of the Company’s knowledge, Machai does not have any equity interest in the
securities of the Company, or a right to acquire such an interest.
Independent Trading Group (“ITG”)
The Company has engaged ITG to be a market maker for the Company,
commencing on approximately October 1, 2024. ITG is a Dealer Member, as defined
hereinafter, in good standing of the Canadian Investment Regulatory Organization
and based in Ontario, Canada. ITG, using its own funds, will work to (a) Enhance
market depth and contribute to the market liquidity of the Securities by entering
orders on two sides of the book; (b) Add stability and efficiency to the market for the
Securities and increase the efficiency of the Price Discovery Mechanism; (c) Act as a
liaison to the Company by providing information to the Company regarding the
trading pattern of the Securities on the Exchanges; and (d) Enter orders to maintain
a reasonable spread between the bid price and ask price of the Securities when
natural market liquidity is not present. The term of the agreement with ITG is one
month, and the fee that the Company shall pay is $6,000 per month. The agreement
can be renewed for successive one-month terms. The Company plans to engage ITG
for twelve consecutive months but can end the contract at any time with 30 days
notice. There are no performance factors contained in the agreement, and ITG will
not receive shares or stock options as compensation. To the best of the Company’s
knowledge, ITG does not have any equity interest in the securities of the Company
or a right to acquire such an interest.
All of the above-described marketing and market maker contracts are subject to the
approval of the TSX Venture Exchange.
Grant of Restricted Share Units and Stock Options
The Company announces that it has granted an aggregate of 5,408,317 stock options (the
“Options”) to certain directors, officers, employees and consultants of the Company to
purchase 5,408,317 common shares (the “Shares”) in the capital of the Company pursuant
to the Company’s 10% rolling share option plan. 5,333,317 Options shall vest immediately,
and 75,000 Options granted to an investor relations service provider, Sydney Knight, shall
be subject to the TSX Venture Exchange's mandatory one (1) year vesting schedule for
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Corporate Updates
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investor relations professionals. The Options are exercisable at an exercise price of $0.15
per Share for a period of five years from the date of grant.
The Company has also granted an aggregate of 7,900,000 restricted share units (the
“RSUs”) to certain directors, officers, employees and consultants of the Company pursuant
to the Company’s fixed restricted share unit plan (the “Plan”). The RSUs shall vest on
October 4, 2026. The RSUs are subject to the terms of the RSU Plan, and applicable
securities law hold periods.
The Options and the RSUs are subject to the terms of the Company’s Stock Option Plan or
RSU Plan, as applicable, and any regulatory approvals and the policies of the TSX Venture
Exchange.
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,
multi-critical Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum,
palladium, and gold. Five of these metals are on the Critical and Strategic Materials list
published by various US Government agencies. 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 in western Quebec; the Angliers – Belleterre project.
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 confidence of the public and believes that
ESG performance is measured by action and led from the top.
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Corporate Updates
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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. 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 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
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Corporate Updates
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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.