ALASKA ENERGY METALS PARTNERS WITH COLORADO SCHOOL OF MINES AND VIRGINA POLYTECHNIC INSTITUTE TO STUDY CARBON SEQUESTRATION POTENTIAL OF THE EUREKA NICKEL DEPOSIT, ALASKA, USA As part of the Company’s efforts to help create a sustainable energy future, this pilot
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ALASKA ENERGY METALS PARTNERS WITH COLORADO
SCHOOL OF MINES AND VIRGINA POLYTECHNIC INSTITUTE
TO STUDY CARBON SEQUESTRATION POTENTIAL OF THE
EUREKA NICKEL DEPOSIT, ALASKA, USA
As part of the Company’s efforts to help create a sustainable energy future, this pilot
project will enhance Alaska Energy Metals’ ability to play a role in the future of low
carbon-intensity domestic mining in the US.
VANCOUVER, BRITISH COLUMBIA, September 18, 2024 – With its continuing
focus on sustainable domestic mining, Alaska Energy Metals Corporation (TSX-V:
AEMC, OTCQB: AKEMF) (“Alaska Energy Metals”, “AEMC” or the “Company”) is
pleased to announce its partnership with the Colorado School of Mines (“Mines”)
and Virgina Polytechnic Institute (“VT”) to research the carbon sequestration
potential of ultramafic rocks and tailings at its 100% owned Eureka Deposit, Alaska.
The innovative research will be conducted by a team of experts from Mines and VT
who have been awarded an Advanced Research Projects Agency – Energy (ARPA-E)
grant to study the carbonation potential of ore deposit waste streams. The research
will be performed under the umbrella of the Center to Advance the Science of
Exploration to Reclamation in Mining (CASERM), a premier joint research center
between Mines and VT, supported in part by the United States National Science
Foundation and the United States Geological Survey.
Colorado School of Mines Professor of Economic Geology Dr. Thomas Monecke
commented: “We are extremely excited to engage in this partnership with Alaska Energy
Metals on a real-life project that will potentially provide a secure domestic source of
energy-related metals while simultaneously sequester carbon to slow global warming. As
a premier research mining university, we are focused on producing talent, knowledge,
and innovations to serve the industry and benefit society at large, all to create a more
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prosperous future. Every step leaves a footprint, and this pilot project will allow us to
move one step further in the right direction.”
Alaska Energy Metals President & CEO Gregory Beischer commented: “US domestic
mining is essential for both the electrical energy expansion and for US national security.
For these reasons, we have intentionally begun to study and assess the use of modern
technological innovations like ultramafic mine tailings carbonation at the early stages of
the development phase of our project.”
Ultramafic rocks, rich in magnesium, spontaneously react with carbon dioxide
(“CO2”) in the atmosphere. Finely ground rock tailings, as a waste product of major
mining operations, may effectively sequester carbon at a large scale through a
natural carbonation reaction. This pilot project will determine the carbonation
potential of the ultramafic rocks and potential future tailings at AEMC’s Eureka
deposit. Determination of the average mineralogical composition of the ore zones
will be studied using a combination of whole-rock geochemical and petrographic
data. Quantification of minerals reacting with CO2 is critical as the carbonation
potential of the rocks will strongly depend on the relative proportions of
magnesium-rich minerals (i.e. olivine, pyroxene, anorthite, brucite, etc.), as well as
their mineral chemistry. Once the average mineralogical composition and mineral
chemistry of phases of interest is determined, the data will be used for reactive
transport modeling. The modeling will show how much CO2 can be sequestered
into a ton of tailings, assuming that key characteristics such as grain size and
surface area of the particles are known.
The research is expected to deliver the following outcomes:
1. Normative mineralogical data calculated from whole-rock geochemical
information with tabulated normative data that can be easily plotted down hole or
used in 3D modeling.
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2. Block modeling to constrain the average mineralogical composition of the
mineralized zone. The obtained average mineralogy will closely correspond to the
composition of potential future tailings.
3. Carbonation modeling of tailings over a simulation time of 20 years while
receiving an equilibrium supply of CO2 (i.e., open system). In this manner, the
amount of CO2 to be sequestered will be calculated for each year, resulting in a
time-dependent assessment of carbonation potential. This will allow for a robust
estimate of the benefits of implementing negative carbon technology at the Eureka
Deposit.
QUALIFIED PERSON
Gabriel Graf, the Company’s Chief Geoscientist, is the qualified person who
reviewed and approved the technical disclosure in this news release.
For additional information, visit: https://alaskaenergymetals.com/
ABOUT CASERM
The Center to Advance the Science of Exploration to Reclamation in Mining
(CASERM) represents a collaborative venture between Colorado School of Mines
and Virginia Tech aimed at transforming the way that geoscience data are used in
the mineral resource industry. Research focuses on the integration of diverse
geoscience data to improve decision-making across the mine life cycle, beginning
with the exploration for subsurface earth resources and continuing through mine
operation as well as closure and environmental remediation. CASERM also
addresses the critical need for training and preparation of graduates and young
professionals by educating the next generation of scientists and engineers working
in the mining sector.
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
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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 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]
ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
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Some statements in this news release may contain forward-looking information (within
the meaning of Canadian securities legislation) including the intent to calculate the
carbon sequestration potential of rock tailings from the Eureka deposit in Alaska. 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 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.