Alaska Energy Metals Announces at-the-Market Offering of up to $10 Million
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: 25-03
ALASKA ENERGY METALS ANNOUNCES AT-THE-MARKET OFFERING
OF UP TO $10 MILLION
NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
VANCOUVER, BRITISH COLUMBIA, January 31, 2025 – Alaska Energy Metals Corporation
(TSX-V: AEMC, OTCQB: AKEMF) (“ AEMC” or the “ Company”) today announced that it has
entered into an equity distribution agreement dated January 31, 2025 (the “ Distribution
Agreement”) with Haywood Securities Inc. (“ Haywood” or the “ Agent”). Under the
Distribution Agreement, the Company will be entitled, at its discretion and from time-to-time
during the term of the Distribution Agreement, to sell, through Haywood, as sole and
exclusive placement agent, such number of common shares of the Company (the “Common
Shares”) having an aggregate gross sales price of up to $10 million (the “ ATM Offering”).
Sales of the Common Shares will be made through “at -the-market distributions”, as defined
in National Instrument 44-102 – Shelf Distributions, directly on the TSX Venture Exchange (the
“TSXV”) or, if any, other recognized Canadian “marketplace” within the meaning of National
Instrument 21-101 – Marketplace Operations where the Common Shares are listed, quoted or
otherwise traded. The volume and timing of distributions under the ATM Offering, if any,
will be determined in the Company’s sole discretion. The Common Shares will be distributed
at market prices or prices related to prevailing market prices from time to time. As a result,
prices of the Common Shares sold under the ATM Offering will vary as between purchasers
and during the period of distribution. The ATM Offering will be effective until the earlier of
the issuance and sale of all of the Common Shares issuable pursuant to the ATM Offering
and November 30, 2026, unless terminated prior to such date by the Company or the Agent
in accordance with the terms of the Distribution Agreement.
Distributions of the Common Shares under the ATM Offering will be made and qualified by
way of a prospectus supplement dated January 31, 2025 (the “Prospectus Supplement”) to
the Company’s existing short form base shelf prospectus (the “ Base Shelf Prospectus”)
dated November 1, 2024. The Prospectus Supplement has been filed with the secu rities
commissions in all provinces and territories of Canada. The Prospectus Supplement
(together with the related Base Shelf Prospectus) is available on the SEDAR+ website
maintained by the Canadian Securities Administrators at www.sedarplus.ca. Alternatively,
the Company or Haywood will send the Prospectus Supplement (including the Base Shelf
Prospectus) upon request. Such requests may be made by sending an email to Haywood at
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Page 2
LEGAL_45920999.2
The Company intends to use the net proceeds of the ATM Offering to complete metallurgical
studies on the Eureka deposit, update the Mineral Resource Estimate for the Eureka deposit
and to perform internal economic and options analysis of mine development at the Nikolai
Project. Proceeds will also be used to advertise the Nikolai Project to potential joint venture
partners or strategic investors and to assist potential partners with due diligence reviews.
The Common Shares that may be issued under the ATM Offering have been conditionally
approved for listing on the TSXV.
This news release does not constitute an offer to sell or the solicitation of an offer to buy
securities, nor will there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
The securities being referred to in this news release have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, and may not be offered or sold in the
U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable
exemption from the registration requirements. This news release does not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
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
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Page 3
LEGAL_45920999.2
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.
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, without limitation, statements relating to
the sales of Common Shares under the Distribution Agreement, the amount of proceeds and the
use of proceeds from such sales. 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 expresse d 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,
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Page 4
LEGAL_45920999.2
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.