Alaska Energy Metals Announces Nikolai Nickel Project Coverage ON US Permitting Council’S FAST-41 Transparency Dashboard
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
NR24-20
ALASKA ENERGY METALS ANNOUNCES NIKOLAI NICKEL PROJECT
COVERAGE ON US PERMITTING COUNCIL’S FAST-41 TRANSPARENCY
DASHBOARD
Highlights:
• Alaska Energy Metals announces that the Nikolai Nickel project has been
accepted for coverage on the FAST-41 Transparency Dashboard by the US
Permitting Council.
• Permitting Council Executive Director: “We are proud to support more mining
projects that will strengthen the U.S. economy and reduce our reliance on foreign
nations.
• The FAST-41 listing will focus initially on the rehabilitation and extension of the
existing Rainy Creek Mining Trail, including installation of two temporary bridges,
and an on-site camp.
• The road and camp project will facilitate ground access, greatly reduce costs and
accelerate timelines for advanced exploration and development of the Eureka
deposit, situated on the Nikolai project. Eureka is the largest known nickel
resource in the US and contains multiple critical metals: nickel, copper, cobalt,
chromium, platinum and palladium, as well as iron.
• The listing will result in full transparency and coordination amongst the federal
permitting agencies and set firm timelines on Federal permitting milestones.
VANCOUVER, BRITISH COLUMBIA, November 24, 2025 – Alaska Energy Metals
Corporation (TSX- V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased
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to announce that the Nikolai Nickel project in Alaska has been accepted for
coverage on the FAST-41 Transparency Dashboard by the Federal Permitting
Improvement Steering Council (“Permitting Council” or “Council”). The
Transparency Dashboard listing will focus initially on infrastructure improvements
supporting Nikolai, beginning with the rehabilitation and extension of the existing
Rainy Creek Mining Trail, including installation of two temporary bridges, and an
on-site camp.
The road and camp project will facilitate ground access, greatly reduce costs,
increase safety, and accelerate timelines for more advanced exploration and
development of the Eureka deposit, situated on the Nikolai project. Eureka contains
multiple critical metals: nickel, copper, cobalt, chromium, platinum and palladium,
as well as iron. Thought to be the largest nickel resource known in the US, the
deposit is documented to contain an Inferred Resource of 4.25 million tonnes (9.38
billion pounds) of nickel in situ (2,082 million tonnes grading 0.20% nickel) and a
higher confidence Indicated Resource of 2.54 million tonnes (5.62 billion pounds) in
situ (1,189 million tonnes grading 0.21% nickel (for further details please refer to
the 2025 Mineral Resource Estimate here). The listing will result in full transparency
and coordination amongst the federal permitting agencies and set timelines on
permitting milestones.
AEMC CEO Gregory Beischer commented: “The cost and time savings for further
exploration and development once ground access is established will be quite significant. It is
very encouraging to see proactive streamlining and coordination amongst permitting
agencies. We are grateful to the Permitting Council for including the Nikolai Nickel project in
the FAST-41 program. With Nikolai hosting six Critical Minerals – nickel, cobalt, copper,
chromium, platinum and 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, domestic sources of metals and minerals
essential to the national economy and national defense. Nikolai is a project potentially
capable of significantly reducing US nickel and cobalt import dependency and vulnerability.”
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“I am excited to welcome the Nikolai Nickel project to the FAST-41 program,” said Emily
Domenech, Permitting Council Executive Director. “We are proud to support more
mining projects that will strengthen the U.S. economy and reduce our reliance on foreign
nations. I look forward to working with the Alaska Energy Metals Development
Corporation to provide a transparent and predictable federal permitting process while
achieving President Trump’s vision for American energy dominance.”
The Eureka deposit of the Nikolai project is situated approximately 80 kilometers (60
miles) south of the town of Delta Junction and 32 kilometers (20 miles) west of the
Richardson Highway. The Rainy Creek Mining Trail leads from the Richardson Highway
to present and past-producing alluvial gold mines at Rainy Creek and Broxson Gulch.
AEMC proposes to rehabilitate the existing roadway, and to extend it approximately 8
kilometers (6 miles) from Broxson Gulch southward to the Eureka deposit. Additionally,
a campsite is proposed. It is anticipated that the camp would house up to 100 company
personnel and contractors. As part of the road project, temporary bridges would be
placed to allow exploration vehicles and supplies to cross the Delta River and Eureka
Creek.
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Qualified Person: Gregory Beischer, the Company’s Chief Executive Officer, is the
qualified person, as defined under NI 43-101, having reviewed and approved the
scientific and technical information contained in this news release.
Restricted Share Unit Change: The Company also announces that the expiry date
of 1,500,000 restricted share units ("RSUs") that were granted to an arm’s length
consultant on October 4, 2024 pursuant to the terms of the Company’s restricted
share unit plan are being extended. The Company has agreed to extend the expiry
date of the 1,500,000 RSUs originally expiring on October 4, 2026 to now expire on
December 31, 2026. The extension of the RSUs expiry date is subject to approval by
the TSX Venture Exchange. All other terms of such RSUs remain unamended.
For additional information, visit: https://alaskaenergymetals.com/
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About the Permitting Council and FAST-41
Established in 2015 by Title 41 of the Fixing America’s Surface Transportation Act
(FAST-41), the Federal Permitting Improvement Steering Council (Permitting
Council) is a federal agency charged with improving the transparency and
predictability of the federal environmental review and authorization process for
certain critical infrastructure projects. The Permitting Council is composed of the
Permitting Council Executive Director, who serves as the Council Chair; 13 federal
agency Council members; and the Chair of the White House Council on
Environmental Quality and the Director of the Office of Management and Budget.
The Office of the Executive Director coordinates federal environmental reviews and
authorizations for projects that seek and qualify for FAST-41 coverage, which are in
turn entitled to comprehensive permitting timetables and transparent,
collaborative management of those timetables on the Federal Permitting
Dashboard.
Learn more about the Permitting Council at permitting.gov
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
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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
Some statements in this news release may contain forward -looking information
(within the meaning of Canadian securities legislation), including, without
limitation statements relating to rehabilitation and extension of an existing access trail
to the Eureka deposit at the Nikolai project, and receipt of permits for the same. 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.
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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.
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.