Alaska Energy Metals Announces Closing of Flow-Through Unit Financing with a Single, Strategic, Institutional Subscriber FOR Further Exploration at Angliers – Belleterre Project, Quebec

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Tel: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

LEGAL_46763366.3

ALASKA ENERGY METALS ANNOUNCES CLOSING OF

FLOW-THROUGH UNIT FINANCING WITH A SINGLE,

STRATEGIC, INSTITUTIONAL SUBSCRIBER FOR

FURTHER EXPLORATION AT ANGLIERS – BELLETERRE

PROJECT, QUEBEC

Not for distribution to United States 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 26, 2025 – Alaska Energy Metals Corporation

(TSX-V: AEMC, OTCQB: AKEMF) (“ AEMC” or the “Company”) is pleased to announce that

it has closed a flow-through financing of units of the Company (the “Units”) at a price of

$0.115 per Unit, for gross proceeds of $500,020 (the “Offering”). Each Unit consisted of

one common share of the Company that qualifies as a “flow-through share” for the

purposes of the Income Tax Act (Canada) (an “ FT Share”) and one-half of one common

share purchase warrant of the Company (each whole, a “Warrant”). Each whole Warrant

is exercisable to purchase for one common share of the Company to be issued on a non-

flow-through basis (a “Warrant Share”) at an exercise price of $0.16 per Warrant Share

for a period of 24 months after the closing date of the Offering.

Upon the conditional acceptance of the TSX Venture Exchange (the “TSXV”), the Company

closed the Offering and issued an aggregate 4,348,000 FT Shares and 2,174,000 Warrants

underlying the Units sold in the Offering.

The Company paid a cash fee of $35,001.40 and issued 304,360 non-transferable share

purchase warrants (the “ Finder Warrants”) to arm’s length finder, 3L Capital Inc., (the

“Finder”), representing 7% of the gross proceeds and 7% of the Units arranged by the

Finder under the Offering. Each Finder Warrant is exercisable to purchase one common

share of the Company (the “Finder Share”) at $0.115 per Finder Share for a period of 24

months after the closing of the Offering.

The securities issued and issuable under the Offering are subject to a hold period of four

months and one day following the closing date of the Offering.

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Tel: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

Page 2

LEGAL_46763366.3

The net proceeds from the Offering will be used to incur "Canadian exploration

expenses" as such term is defined under subsection 66.1(6) of the Income Tax Act

(Canada) and will qualify as "flow-through mining expenditures" as defined in subsection

127(9) of the Income Tax Act (Canada), and "BC flow-through mining expenditures" as

defined in subsection 4.721(1) of the Income Tax Act (British Columbia). Proceeds of the

financing will be deployed for exploration work at the Company’s Angliers – Belleterre

project in Quebec, with particular attention to the Rapids / McBride and Vaseux

prospects. Planned work includes, geological mapping, prospecting and sampling,

ground-based geophysical surveys and/or exploration drilling.

The Rapids / McBride prospect shows possible signs of Kambalda-style nickel-copper

mineralization but also has features indicative of a volcanogenic massive sulfide

environment. The Vaseux prospect shows indications of mineralization potentially

similar to the Midrim nickel prospect which occurs on third-party claims to the east.

Qualified Person

Gregory Beischer, the Company’s President and CEO, is the qualified person, as defined

under NI 43-101 having reviewed and approved of the scientific and technical

information contained in this news release.

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

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Tel: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

Page 3

LEGAL_46763366.3

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: 604-609-7149

Forward-Looking Statements

Some statements in this news release may contain forward-looking information (within the

meaning of Canadian securities legislation), including, without limitation, the statements as to the

use of proceeds, to perform exploration surveys and to drill exploratory holes at the the Rapids /

McBride and Vaseux prospects. 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 inference should be drawn that it will make additional updates with respect to

those or other forward-looking statements.

This news release does not constitute an offer for sale, or a solicitation of an offer to buy, in the

United States or to any “U.S Person” (as such term is defined in Regulation S under the U.S. Securities

Act of 1933, as amended (the “1933 Act”)) of any equity or other securities of the Company. The

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Tel: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

Page 4

LEGAL_46763366.3

securities of the Company have not been, and will not be, registered under the 1933 Act or under

any state securities laws and may not be offered or sold in the United States or to a U.S. Person

absent registration under the 1933 Act and applicable state securities laws or an applicable

exemption therefrom.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.