Alaska Energy Metals Announces Automatic Conversion of Special Warrants Prospectus Supplement and Base Shelf Prospectus Accessible ON SEDAR+
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: 24-12
ALASKA ENERGY METALS ANNOUNCES AUTOMATIC
CONVERSION OF SPECIAL WARRANTS
PROSPECTUS SUPPLEMENT AND BASE SHELF PROSPECTUS ACCESSIBLE ON SEDAR+
Not for distribution to U.S. newswire services or for release, publication, distribution, or
dissemination directly, or indirectly, in whole or in part, in or into the United States
VANCOUVER, BRITISH COLUMBIA, May 1, 2024 – Alaska Energy Metals Corporation (TSX-V:
AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) has announced that it has filed a
prospectus supplement dated April 30, 2024 (the “Prospectus Supplement”) to its short form
base shelf prospectus dated April 19, 2024 (the “Shelf Prospectus”) to qualify the distribution
of securities underlying 2,500,000 special warrants (the “Special Warrants”) issued by the
Company on February 8, 2024 (the “Offering”).
The Prospectus Supplement qualifies the distribution of 2,500,000 common shares (each a
“Common Share”) and 1,250,000 common share purchase warrants (each a “Warrant”)
comprising the units of the Company issuable on the exercise or deemed exercise of the
Special Warrants in the Provinces of British Columbia, Ontario and Nova Scotia. Each Warrant
entitles the holder thereof to acquire one Common Share at an exercise price of $0.80 until
4:00 p.m. (Pacific Time) on the date that is 24 months following the date of issuance of the
Warrants. The Prospectus Supplement also qualifies the distribution of 30,000 Common
Shares upon the deemed exercise of 30,000 broker special warrants (each, a “Broker Special
Warrant”) issued in connection with the Offering.
No action is required on the part of any holder of Special Warrants or Broker Special
Warrants to convert their Special Warrants into underlying securities.
The qualification rights of holders of Special Warrants are further described in the
Prospectus Supplement and the Shelf Prospectus, which can be found under the Company’s
profile on SEDAR+ at www.sedarplus.ca.
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Announces Automatic
Conversion of Special Warrants
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Access to the Shelf Prospectus and the Prospectus Supplement, and any amendment to the
documents, is provided in accordance with securities legislation relating to procedures for
providing access to a shelf prospectus supplement, a base shelf prospectus and any
amendment. The Shelf Prospectus and the Prospectus Supplement are accessible on
SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Prospectus Supplement,
the corresponding Shelf Prospectus and any amendment to the documents may be
obtained, without charge, from the Company at Suite 1000 – 355 Burrard Street, Vancouver,
BC, V6C 2G8, by email at [email protected] and by providing the contact with
an email address or address, as applicable.
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 and financial capital. AEMC works every day to earn and maintain the respect and
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Announces Automatic
Conversion of Special Warrants
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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, without limitation, that the Company
execute further drilling in 2024. 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
AEMC Announces Automatic
Conversion of Special Warrants
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Announcement of Marketing
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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.