Alaska Energy Metals Announces Flow-Through Financing; Acquisition Update and Ir Developments
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: 23-24
ALASKA ENERGY METALS
ANNOUNCES FLOW-THROUGH FINANCING;
ACQUISITION UPDATE AND IR DEVELOPMENTS
Highlights:
• Alaska Energy Metals Corporation announces intention to conduct a non-brokered
flow-through private placement
• The TSX Venture Exchange has issued a bulletin publishing its acceptance of the
Angliers-Belleterre acquisition
VANCOUVER, BRITISH COLUMBIA, December 8, 2023 – Alaska Energy Metals Corporation
(TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce that,
subject to TSX Venture Exchange acceptance, it plans to conduct a non-brokered private
placement of flow-through common shares at a price of $0.50 per share to raise gross
proceeds of $1,000,000. The net proceeds will be used for exploration activities on the
Angliers project. Finder’s fees will be payable in connection with this financing.
The TSXV has published its bulletin providing final approval for the acquisition of the owner
of the 141 BC is Arm’s Length to the Company and its assets are comprised of the Angliers-
Belleterre nickel-copper project (the “Angliers project”) in western Quebec and
approximately $2.8 million in cash. As previously announced on November 24, 2023, the
acquisition of 141 BC was effected through a Share Exchange Agreement between the
Company, 141 BC, and the securityholders of 141 BC dated November 7, 2023. AEMC
issued a total of 31,827,720 AEMC common shares at a deemed price of $0.315 and
4,105,958 AEMC warrants. The warrants are exercisable at $0.80 for a period of two years.
The Angliers property is subject to a 2.5% net smelter returns production royalty that can
be reduced to 1.5% by paying the royalty holders $1.5 million.
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Announcement of Flow-Through
Financing; Acquisition Update
and IR Developments
Page 2
AEMC also provides the following updates with respect to its previously announced
engagement of the following investor relations service providers:
MMG
Further to the Company’s news release dated July 6, 2023, the Company clarifies with
respect to its engagement of MMG Market Medium GmbH & Co. KG. (“MMG”) that the total
sum of 150,000 euros paid to MMG represents the total marketing expenditure budget and
that only 15% (approximately, 22,500 euros) is retained by MMG as their fee. For more
information about the Company’s engagement with MMG please refer to the Company’s
news release dated July 6, 2023.
Apollo
Further to the Company’s news release dated November 6, 2023, the Company clarifies
with respect to its engagement of Apollo Shareholder Relations Ltd. (“Apollo”) that the
engagement may be renewed on a month-to-month basis in consideration for a monthly
fee of $12,100. For more information about the Company’s engagement with Apollo please
refer to the Company’s news release dated November 6, 2023.
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,
palladium and gold. It’s main projected, 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. The
Company is now bringing forward the Angliers – Belleterre project in Quebec.
ON BEHALF OF THE BOARD
“Gregory Beischer
Gregory Beischer, President & CEO
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Announcement of Flow-Through
Financing; Acquisition Update
and IR Developments
Page 3
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-638-3164
Sarah Mawji, Public Relations
Final Edit Media and Public Relations
Email: [email protected]
Some statements in this news release may contain forward-looking information (within the
meaning of Canadian securities legislation), including, without limitation, that (a) AEMC will
conduct a non-brokered flow-through private placement. 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 guarantees 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.
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Announcement of Flow-Through
Financing; Acquisition Update
and IR Developments
Page 4
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.