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: 24-30
ALASKA ENERGY METALS ANNOUNCES AUTOMATIC
CONVERSION OF SPECIAL WARRANTS
PROSPECTUS SUPPLEMENT AND BASE SHELF PROSPECTUS ACCESSIBLE ON SEDAR+
VANCOUVER, BRITISH COLUMBIA, September 18, 2024 – Alaska Energy Metals
Corporation (TSX -V: AEMC, OTCQB: AKEMF) (“ AEMC” or the “ Company”) today
announced that it has filed a prospectus supplement dated September 17, 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
30,133,330 special warrants (the “ Special Warrants ”) issued by the Company on
September 5, 2024 (the “Offering”).
The Prospectus Supplement qualifies the distribution of 30,133,330 common shares
(each a “Common Share”) and 30,133,330 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,
Alberta, Saskatchewan, Manitoba, and Ontario. Each Warrant entitles the holder
thereof to acquire one Common Shar e at an exercise price of $0.20 until 4:00 p.m.
(Pacific Time) on the date that is thre e years following the date of issuance of the
Warrants.
The Special Warrants will be deemed to be converted into Common Shares and
Warrants on September 20, 2024. No action is required on the part of any holder of
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
Automatic Conversion of
Special Warrants
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Announcement of Marketing
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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 an d 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 300 – 1055 West Hastings Street, Vancouver, BC, V6E 2E9, by email a t
[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
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Automatic Conversion of
Special Warrants
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Announcement of Marketing
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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 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). These statements address future events
and conditions and, as such, involve known and unknown risks, uncertainties, and ot her
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
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Automatic Conversion of
Special Warrants
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Announcement of Marketing
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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 no t
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 a ctual 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.