Alaska Energy Metals Files Amended Ni 43-101 Technical Report FOR the Eureka Deposit, Nikolai Nickel Project, Alaska, USA
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: 24-10
ALASKA ENERGY METALS FILES AMENDED NI 43-101
TECHNICAL REPORT FOR THE EUREKA DEPOSIT,
NIKOLAI NICKEL PROJECT, ALASKA, USA
VANCOUVER, BRITISH COLUMBIA, April 18, 2024 – Alaska Energy Metals Corporation
(TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) today announced that it has filed
an amended Technical Report titled “Nikolai Mineral Resource Estimate Technical Report
Amended and Updated” (the “Amended Report”), with an effective date of April 12th, 2024,
for its 100% owned Eureka Property, Nikolai Nickel Project in Alaska, USA. On April 2nd,
2024, the Company filed a preliminary short-form base shelf prospectus with the securities
regulatory authorities in each of the provinces of Canada, except Quebec and Nunavut.
This resulted in a review of the Canadian Securities Administration National Instrument 43-
101 Standards for Mineral Projects (“NI 43-101”) Technical Report filed on March 14, 2024
(“Original Report”), and the review is now complete.
The Amended Report contains no material differences, and the Mineral Resource Estimate
remains unchanged from the Original Report. The Amended Report complies with the
technical requirements of NI 43-101 and Form 43-101F1 (the “Form”).
A summary description of the changes to the Amended Report are as follows:
• Addition of a Qualified Person who performed a site visit to the Nikolai Nickel
Project in August and September of 2023 and authored Sections 1.2, 12.1, 12.3, 12.4
and 12.5.
• Clarification to ensure that the Amended Report is limited to the work,
interpretations, and conclusions of the authors.
• Strengthened the sections relating to Data Verification, Sample Preparation,
Analyses and Security by describing the steps and procedures taken by the authors
to verify the data disclosed.
• Recommendations have been reduced from three phases to two phases of work to
comply with Item 26 of the Form.
• The title page has been updated to include general location of the property and the
authors names and professional designations.
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Files NI 43-101 Technical Report
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Alaska Energy Metals President & CEO Gregory Beischer commented: “We are pleased that
the report the Qualified Persons at Stantec prepared in February had only a few, non-material
changes required by the thorough reviewers at the securities commission. The final 43-101
report gives a clear, supportable, documentation of the Mineral Resource Estimate that we have
quickly established at the Nikolai project Eureka deposit in just one year of operations.”
The Amended Report can be found under the Company’s profile on SEDAR+
(www.sedarplus.ca) and on Alaska Energy Metals website (www.alaskaenergymetals.com).
STOCK OPTIONS
The Company confirms its previously announced intention to grant an aggregate of
275,000 stock options to a consultant who is a financial adviser to the Company, and to
Sydney Knight, an investor relations professional that has recently joined the Company.
The stock options were granted at a strike price of $0.195 and have a term of five years.
The options granted to Sydney Knight will be subject to the TSXV mandatory vesting
schedule for investor relations professionals.
QUALIFIED PERSON
Gregory Beischer, the Company’s President and CEO is the qualified person who reviewed
and approved the technical disclosure 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
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
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Files NI 43-101 Technical Report
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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:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-638-3164
Sarah Mawji, Public Relations
Venture Strategies
Email: [email protected]
Some statements in this news release may contain forward-looking information (within the
meaning of Canadian securities legislation). 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
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
AEMC Files NI 43-101 Technical Report
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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.
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.