Alaska Energy Metals Hails US Presidential Executive Order ON Domestic Critical Mineral Mining and Implications FOR the Nikolai Nickel Project, Alaska, USA
NR: 23-07
ALASKA ENERGY METALS HAILS US PRESIDENTIAL
EXECUTIVE ORDER ON DOMESTIC CRITICAL MINERAL
MINING AND IMPLICATIONS FOR THE NIKOLAI
NICKEL PROJECT, ALASKA, USA
HIGHLIGHTS
• The Executive Order issued on March 20, 2025 entitled Immediate Measures to
Increase American Mineral Production contains numerous positive implications
for Alaska Energy Metals Corporation and the US mining industry broadly. AEMC
hails this positive policy statement by President Trump and believes now more than
ever that its application for grant funding through the US Department of
Defense, Defense Production Act is timely and well positioned. The main points of
the Executive Order include:
o The US Department of Defense will utilize the Defense Production Act to
boost investment in domestic mineral production.
o The U.S. International Development Finance Corporation will use Defense
Production Act funds to finance domestic mineral projects.
o The Export-Import Bank will provide financing to secure raw materials for
domestic mineral processing.
o Adds copper and gold to the list of critical and strategic minerals.
o Department of Defense will facilitate buyer agreements for minerals and
expedite procurement.
o The order directs agencies to achieve expediting permitting and
approvals.
• Alaska Energy Metals Corporation has recently documented that its Nikolai project
hosts the largest known nickel resource in the United States and now contains
seven metals on the US Department of Defense critical and strategic metals
list.
VANCOUVER, BRITISH COLUMBIA, March 24, 2025 - Alaska Energy Metals Corporation
(TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) welcomes news of an Executive
Order issued by President Trump entitled Immediate Measures to Increase American
Mineral Production.
Alaska Energy Metals President & CEO Gregory Beischer commented, “As promised in his
Joint Address to Congress earlier this month, President Trump has taken bold steps to ramp up
domestic critical mineral production. Along with a prior Executive Order entitled Unleashing
Alaska’s Tremendous Resource Potential, the stage has been set to dramatically improve the
investment climate for mining of critical minerals in the US and Alaska. Our Nikolai project now
is known to host seven critical and strategic metals – predominantly nickel – but with copper,
cobalt, chromium, platinum, palladium and gold, and is the largest known nickel resource in the
United States. The positive initiatives contained in the Executive Order, particularly those related
to financing through the Defense Production Act, could bode well for our company.
The main components of the Executive Order include the following:
• Definitions and Scope—Defines minerals to include critical minerals,
uranium, copper, potash, gold, and others as determined by the National
Energy Dominance Council. The order covers the full spectrum of mineral
production, from mining and processing to the creation of finished products
like semiconductors, batteries, and wind turbines.
• Defense Production Act—The Department of Defense will utilize the long-
standing Defense Production Act of 1950 (DPA) to boost investment in
domestic mineral production.
• Financing
o The U.S. International Development Finance Corporation (DFC) will use
DPA funds to finance domestic mineral projects.
o The Export-Import Bank will provide financing to secure raw materials
for domestic mineral processing.
o The Small Business Administration will develop legislative
recommendations to support small businesses in mineral production.
o The Department of Defense will facilitate buyer agreements of offtake
agreements for minerals and expedite procurement.
• Expediting Permitting and Approvals - Agencies are required to provide a
list of pending mineral production projects within 10 days. Priority projects
that can be immediately approved will be identified, with expedited
permitting. The Fast-41 Permitting Dashboard will be the mechanism for
transparency measures. Additionally, industry feedback will be solicited on
regulatory bottlenecks.
• Revising Land Use Policies for Mining—The order requires federal lands
with known mineral deposits to be prioritized for mining-related purposes
and federal agencies must identify additional federal land suitable for leasing
to private companies for mineral production. Under the order, the
Department of Defense and the Department of Energy will facilitate private
mining enterprises through extended leases.
• Modernizing the Mining Act of 1872—Reforms will be proposed to
Congress regarding waste rock, tailings, and mine waste disposal.
• Disclosures—Agencies will rescind certain regulatory disclosure
requirements for applicants seeking federal financial support.
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
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 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, the positive effects the
President Executive Order may have on the Company. 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. 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.