Alaska Energy Metals Announces Closing of Side Car Unit Offering
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: 24-18
ALASKA ENERGY METALS ANNOUNCES
CLOSING OF SIDE CAR UNIT OFFERING
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, July 11, 2024 – Alaska Energy Metals Corporation (TSX-
V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the closing of
the previously announced side car offering of 2,275,000 units (the “Units”) of the Company
issued at the price of $0.15 per Unit for gross proceeds of $341,250 (the “Offering”).
Each Unit consists of one common share of the Company (a “Share”) and one common share
purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one
Share at a price of $0.20 per Share for a period of three years following the date of issue.
The Company paid aggregate cash finder’s fees of approximately $23,887 to a certain finder,
being 7% of the gross proceeds raised by such finder. As additional compensation the
Company issued an aggregate of 159,250 non-transferable broker warrants (each a “Broker
Warrant”) to such finder. Each Broker Warrant is exercisable for one Share at the exercise
price of $0.20 for a period of three years.
The net proceeds from the Offering will be used for Canwell prospect drilling at the Nikolai
Nickel Project in Alaska, metallurgical studies, working capital, and marketing purposes.
The securities issued under the Offering are subject to a four-month hold period expiring
November 12, 2024, in accordance with securities laws.
For additional information, visit: https://alaskaenergymetals.com/
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Closing of Side Car Unit Offering
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Announcement of Marketing
act Extension and Appointments
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About Alaska Energy Metals
Alaska Energy Metals Corporation 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 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:
Sarah Mawji, Public Relations
Venture Strategies
Email: [email protected]
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 drill exploratory drill holes at the Canwell prospects, and to perform
metallurgical studies and marketing. 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
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Closing of Side Car Unit Offering
Page 3
Announcement of Marketing
act Extension and Appointments
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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 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.