Alaska Energy Metals Announces Closing of $1 Million Non-Brokered Private Placement and New Work Program
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
NR24-19
ALASKA ENERGY METALS ANNOUNCES CLOSING OF $1 MILLION
NON-BROKERED PRIVATE PLACEMENT AND NEW WORK PROGRAM
Highlights:
Alaska Energy Metals has raised $1 million and is now in a strong financial position
from which it can execute on its immediate objectives to advance the Nikolai project,
Alaska, which contains nickel and other important by-product critical metals. Near term
activities include:
• Completion of preliminary metallurgical studies to produce metal concentrates.
• Commencement of hydrometallurgical studies which if successful would facilitate
production of semi-refined and refined metal products on site in Alaska rather than
at a foreign smelter.
• Permitting for extension and rehabilitation of Nikolai access road and on-site camp.
• Internal economic evaluation that will lead to a Preliminary Economic Assessment.
• Preparations for 2026 field program.
• Marketing – increase public and government awareness of the Nikolai project.
CEO: “With U.S. Government Critical Minerals funding increasing significantly for 2026,
AEMC is in regular contact with senior officials at all relevant Executive Branch departments
and agencies regarding Nikolai’s six Critical Minerals”
- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.
NEWSWIRE SERVICES-
VANCOUVER, BRITISH COLUMBIA, October 29 , 2025 – Alaska Energy Metals Corporation
(TSX- V: AEMC, OTCQB: AKEMF) (“ AEMC” or the “Company”) is pleased to a nnounce
that it has closed its previously announced non-brokered private placement of units
Alaska Energy Metals
Announces Closing of Non-Brokered
Private Placement
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(the “ Units”) for aggregate gross proceeds of approximately $1,000,000 (the
“Offering”).
The Company issued a total of 11,764,705 Units at a price of $0.085 per Unit. Each
Unit consists of one common share in the capital of the Company (“Common Share”)
and one Common Share purchase warrant ( “Warrant”). Each Warrant entitles the
holder thereof to purchase an additional Common Share (“ Warrant Share”) at a n
exercise price of $0.085 until October 29, 2030.
No finders’ fees or finders’ securities were paid or issued in connection with the
Offering.
The securities issued pursuant to the Offering are subject to a four -month hold
period from the date of issuance under applicable Canadian securities laws.
Participation by Directors: Tyron Breytenbach, Mario, Vetro, and John (Ian) Stalker,
each a Director of the Company (collectively, the “Insiders”), purchased an aggregate
of 1,016,057 Units in the Offering for gross proceeds of $86,364.85. The participation
by Messrs. Breytenbach, Vetro, and Stalker in the Offering constitutes a “related party
transaction” within the meaning of Multilateral Instrum ent 61 -101 – Protection of
Minority Security Holders in Special Transactions ( “MI 61 -101”). The related party
transactions were exempt from minority approval, information circular and formal
valuation requirements pursuant to the exemptions contained in Sections 5.5(a) and
5.7(1) of MI 61 -101, as neither the fair market value of the gross securities issued
under the Offering nor the consideration paid by the Insiders exceeded 25% of the
Company’s market capitalization.
AEMC CEO Gregory Beischer commented: “With U.S. Government Critical Minerals
funding increasing significantly for 2026, AEMC is in regular contact with senior officials at
all relevant Executive Branch departments and agencies regarding our Nikolai deposit. With
Nikolai hosting six Critical Minerals – nickel, cobalt, copper, chromium, platinum and
Alaska Energy Metals
Announces Closing of Non-Brokered
Private Placement
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palladium, two of which, nickel and cobalt, are Defense Production Act Title III materials
deemed to be in shortfall, we are extremely well aligned with the U.S. national security
objective of developing long-lived sources of metals and minerals essential to the national
economy and national defense.”
The Company intends to use the net proceeds from the Offering for the following
purposes:
Metallurgical Studies. The Company is continuing with its metallurgical work to
determine metal recovery rates and flow sheet design for production of various
metal concentrates from the Eureka deposit, Nikolai Nickel Project. First results are
expected in November. The work is being performed by SGS at their Lakefield
Laboratory. Fuse Advisors is providing additional technical support. The Company
will also initiate hydrometallurgical studies to determine if concentrates can be
treated by these methods. If successful, hydrometallurgical processes might be
used to produced semi-refined and refined metal products right on site in Alaska
for direct use in the US (as opposed to sending a metal concentrate to an existing,
foreign smelter for refining.
Access Road Permitting. The Rainy Creek Mining Road (“RCMR”) leads from the paved
Richardson Highway. To gain access to the Eureka deposit, the Company wishes to
extend the RCMR by approximately nine kilometers, and rehabilitate the existing road,
including installation of two temporary bridges. Additionally a large camp will be
permitted. Road access for advanced exploration will dramatically decrease costs as
work to date has been done by helicopter access.
Preliminary Economic Assessment. The Company has initiated a scoping study to
evaluate project economics on a high-level basis. The study will determine costs,
optimum mining rate, and mining sequence. It is thought that early extraction of the
higher-grade, near-surface core zone will have positive economic effects. The work will
lead into a subsequent, more rigorous preliminary economic assessment. Fuse
Advisors is performing the work.
Marketing. The Company has engaged Apollo Shareholder Relations and Capital Gains
Media to increase investor awareness of Alaska Energy Metals and its flagship Nikolai
Alaska Energy Metals
Announces Closing of Non-Brokered
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Nickel project in Alaska. The Company awaits the approval of the TSXV for the
marketing contracts. Upon approval, marketing campaigns will immediately begin.
Details of the marketing contracts were previously provided in a Company press
release dated September 30, 2025.
Funds will also be used to develop plans for a 2026 field program and for general
corporate purposes,
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 Nikolai Project 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 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, technological innovation, 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
Alaska Energy Metals
Announces Closing of Non-Brokered
Private Placement
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-609-7149
Some statements in this news release may contain forward -looking information
(within the meaning of Canadian securities legislation), including, without
limitation statements relating to Company’s anticipated use of proceeds from the
Offering. 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 do not guarantee 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 but are not limited to uncertainty relating to the estimation of mineral
resources, 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 inference should be drawn that it will make
additional updates with respect to those or other forward-looking statements.
Alaska Energy Metals
Announces Closing of Non-Brokered
Private Placement
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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.