Alaska Energy Metals Announces Financings
ALASKA ENERGY METALS INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
NR: 23-05
ALASKA ENERGY METALS
ANNOUNCES FINANCINGS
Not for Distribution to United States Newswire Services or for dissemination in the United States
VANCOUVER, BRITISH COLUMBIA, May 12, 2023 – Alaska Energy Metals Corporation (TSX-
V: AEMC, OTCQB: MLRKF) (“Alaska Energy Metals” or the “Company”) announces that it
plans to raise funds through two concurrent equity private placements. One financing will use
the listed issuer financing exemption under section 5A.2 of National Instrument 45-106
Prospectus Exemptions (the “LIFE PP Offering”) and the second financing will use other
prospectus exemptions (the “Standard Equity Offering”).
LIFE PP Offering
Under the LIFE PP Offering, minimum gross proceeds of CAD$1,799,000 and maximum gross
proceeds of CAD$2,142,000 are to be raised through a non-brokered private placement. Under
the LIFE PP Offering, a minimum of 6,425,000 common shares and maximum of 7,650,000
common shares will be issued at a price of CAD$0.28 per share. The proceeds of the LIFE PP
Offering are intended to be used primarily for exploration on the Canwell block of claims on the
Company’s Nikolai project where very high grade nickel – copper – gold – platinum group
element mineralization is exposed at surface. There is an offering document related to the LIFE
PP Offering that can be accessed under the Company’s profile at www.sedar.com and at
www.alaskaenergymetals.com. Prospective investors should read this offering document before
making an investment decision. The LIFE PP Offering is subject to receipt of TSX Venture
Exchange acceptance.
Finder’s fees of up to 8% cash (which may instead be payable in common shares of the
Company) and 8% finder’s warrants (the “LIFE PP Offering Finder’s Warrants”) may be paid
in connection with the Life PP Offering. The LIFE PP Offering Finder’s Warrants will entitle the
holder to purchase one Alaska Energy Metals common share at a price of $0.28 for a period of
twelve months and will be non-transferable. A CAD$30,000 due diligence fee is also payable.
Standard Equity Offering
Under the Standard Equity Offering, the Company intends to raise gross proceeds of
CAD$450,000 through a non-brokered private placement. If the full amount is raised, 1,607,143
ALASKA ENERGY METALS INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Alaska Energy Metals
Announces Financings
Page 2
common shares would be issued. Common shares of the Company will be sold at CAD$0.28
per share. The gross proceeds from the Standard Equity Offering will be used primarily to do
metallurgical studies on drill samples (approximately CAD$300,000) collected from the Eureka
zone of nickel – copper – cobalt – chrome – iron – platinum – palladium mineralization at the
Company’s Nikolai project in Alaska. Most of the remainder of the gross proceeds raised will be
used for road upgrade and extension permitting, wetlands studies, resource calculation
preparation, marketing and general corporate purposes.
Finder’s fees of 6% cash and 6% finder’s warrants (the “Standard Equity Offering Finder’s
Warrants”) may be paid in connection with the Standard Equity Offering. The Standard Equity
Offering Finder’s Warrants will entitle the holder to purchase one Alaska Energy Metals
common share at a price of $0.28 for a period of twelve months and will be non-transferable.
Shares issued under the Standard Equity Offering will be subject to a four-month hold period.
The Standard Equity Offering is subject to receipt of TSX Venture Exchange acceptance.
Gregory Beischer, the Company’s president and chief executive officer, is the qualified person,
as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects,
responsible for, and having reviewed and approved, the technical information contained in this
news release.
About Alaska Energy Metals
Alaska Energy Metals Corporation is focused on delineating and developing a large polymetallic
exploration target containing nickel, copper, cobalt, chrome, iron, platinum, and palladium.
Located in development-friendly central Alaska near existing transportation and power
infrastructure, the project is well-situated to become a significant, domestic source of critical and
strategic energy-related metals.
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
Some statements in this news release may contain forward-looking information (within the
meaning of Canadian securities legislation), including, without limitation, the completion of the
LIFE PP Offering and Standard Equity Offering, the Company’s successful realization of
adequate financing to explore and develop the Nikolai project and to achieve milestones
ALASKA ENERGY METALS INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Alaska Energy Metals
Announces Financings
Page 3
successfully. The potential quantity and grade of mineralized rock targeted by Alaska Energy
Metals is conceptual in nature. There has been insufficient exploration drilling to estimate a
mineral resource, and it is uncertain if further exploration will result in the estimation of a mineral
resource. 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. 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.