Alaska Energy Metals Secures Option to Acquire the Bambino Nickel – Copper Property and Commences Exploration Programs ON Its Quebec Properties
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: 24-13
ALASKA ENERGY METALS SECURES OPTION TO
ACQUIRE THE BAMBINO NICKEL – COPPER PROPERTY
AND COMMENCES EXPLORATION PROGRAMS ON ITS
QUEBEC PROPERTIES
Highlights
• The Bambino property is adjacent to AEMC’s Angliers-Belleterre claim block and
constructively adds to the property position.
• The combined claims are underlain by thick basalt flow interlayered with gabbro
sills and komatiite flows in a regional setting thought to include a mantle plume, and
prospective for Kambalda or Raglan style high-grade nickel mineralization.
• Significant copper-nickel-PGE prospects Midrim and Alotta, held by Pivotal Metals
Ltd.2,are located on adjacent claims.
• AEMC’s exploration program is fully funded and will commence immediately. The
program consists of approximately 4,000 soil samples, prospecting and a VTEM
electromagnetic survey.
VANCOUVER, BRITISH COLUMBIA, May 22, 2024. Alaska Energy Metals Corporation (TSX -
V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce it has entered
into an agreement (the “Option Agreement”), pursuant to which it will be granted an option
to acquire 100% interest in the 57-claim, 3,320-hectare Bambino nickel (“Ni”) – copper (“Cu”)
platinum group element (“PGE”) property (the “Property”) located in the Temiscaming Region
of western Quebec, from a Quebec prosecting syndicate (the “Vendors” ) . The Property is
located directly adjacent to the Company’s 100% -owned Angliers -Belleterre (Angliers)
property acquired in 20231 (Figure 1).
“Our Nikolai nickel project in Alaska, which hosts the Eureka deposit, already contains one of the
largest known nickel resources in the US. We intend to acquire Bambino so that we can further
expand our contribution of nickel and other strategic metals to the rapidly growing lithium -ion
battery industry and also the long-term energy storage industry in North America,” says Gregory
Beischer, CEO of Alaska Energy Metals. “We are excited and ready to begin exploration in Quebec
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 Options Bambino Claim Block
Page 2
as we know these projects could further position AEMC as a leading producer of critical minerals
in the North American market at a time when these commodities are going to be in even higher
demand than they are today.”
Figure 1: Location of AEMC’s Angliers and Bambino Claims
BAMBINO PROPERTY
The Bambino property covers the southern portion of the western segment of the Belleterre-
Baby-Angliers Greenstone Belt and is predominately underlain by mafic volcanic rocks
intruded by mafic to ultramafic sills. The volcanic stratigraphy includes thick layers of
pillowed and subordinate massive basalt flows overlain by volcaniclastic sediments that are
both interlayered with gabbro sills and komatiite flows. Mineralization in the area is primarily
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 Options Bambino Claim Block
Page 3
hosted or spatially related to the gabbro sills as: a) primary magmatic sulfide Ni+Cu±PGE
mineralization (disseminated to massive sulfides), b) remobilized hydrothermal Cu+PGE
mineralization (sheared sulfides) and c) volcanogenic, disseminated pyrite mineralization in
tuffaceous rocks. The mineralization is thought to be related to a mantle plume in a
geological setting analogous to Kambalda in Western Australia and Raglan in Northern
Quebec.
On the adjacent BAGB property held by Pivotal Metals Ltd. 2, previous drilling at the Alotta
and Midrim showings have returned significant intersections of high -grade Cu -Ni-PGE
massive sulfide mineralization at shallow depths (Figure 2). Bambino has seen minimal, prior
exploration work consisting only of regional airborne surveys and limited soil geochemistry.
The Property has gold potential, demonstrated by the presence of many quartz veins on the
property; however, no assurance can be given that assay results similar to those at the BAGB
property will be obtained at the Bambino property. The Belleterre-Baby-Angliers Greenstone
Belt is best known for the past producing Belleterre gold mine located approximately 50 km
east of Bambino. Vior Inc. recently consolidated the area surrounding the former mine and
is finalizing plans for a +60,000m drill program.3
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 Options Bambino Claim Block
Page 4
Figure 2: Bambino Claims: Airborne Total Magnetic Field, mineral showings, and selected drill
intersections on adjacent Pivotal Metals Ltd. Claims 2
TERMS OF AGREEMENT
Under the Option Agreement, AEMC will have the exclusive option to acquire a 100% interest
in the Bambino Property by paying $105,000 cash and issuing 700,000 common shares of
AEMC to the Vendors and completing $500,000 of exploration work, scheduled as an nual
installments over a three -year term. Upon exercise of the option, the Vendors will retain a
2.0% Net Smelter Returns royalty. AEMC will have the right at any time to buy back half of
the royalty (i.e., 1.0%) for $1,000,000 cash. The Option Agreement i s subject to approval by
the TSX Venture Exchange.
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 Options Bambino Claim Block
Page 5
EXPLORATION PROGRAM
AEMC intends to commence work immediately on the Angliers and Bambino claims with
property-wide soil geochemistry, prospecting, rock sampling surveys and an airborne VTEM
survey. The goal of this work is to identify anomalous zones to follow up with Controlled
Source Audio Magnetotellurics (CSAMT) and time -domain electromagnetic geophysical
surveys. The exploration program will be 100% funded from AEMC’s current flow -through
account.
REFERENCES
1. AEMC Press Release November 24, 2023, https://alaskaenergymetals.com/news/closes-
acquisition-of-the-angliers-belleterre-project-in-quebec/
2. Pivotal Metals Ltd. BAGB webpage, https://pivotalmetals.com/bagb/
3. Vior Inc. Belleterre webpage, https://www.vior.ca/projects/belleterre-gold/
QUALIFIED PERSON
Gabriel Graf, the Company’s Chief Geoscientist, is the qualified person, as defined under NI
43-101 Standards of Disclosure for Mineral Projects, and has reviewed and approved the
scientific and technical information contained 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 strategic
energy-related metals for North America. AEMC also holds a secondary project, ‘Angliers -
Belleterre,’ in western Quebec and the Bambino property which is adjacent to the Angliers
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 Options Bambino Claim Block
Page 6
claim block. 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), including, without limitation, the statements as to
the Company’s intended exploration program on the Angliers and Bambino claims. 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
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 Options Bambino Claim Block
Page 7
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
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