Alaska Energy Metals Announces Closing of an Oversubscribed
Not for distribution to United States newswire services or for release publication, distribution, or dissemination directly, or indirectly, in whole or in part, in or into the United States Highlights The first tranche of the previously announced $3.0 million special warrant offering has been closed oversubscribed at $3.3 million. The company announces an upsizing in […]
Alaska Energy Metals Closes Option to Acquire the Bambino
Alaska Energy Metals Corporation (AEMC) has received approval from the TSX Venture Exchange for its recent transaction to acquire a 100% interest in the 57-claim, 3,320-hectare Bambino nickel-copper-platinum group element property in Quebec. Under the Option Agreement, AEMC issued 150,000 common shares to the vendors, subject to a hold period until October 4, 2024. AEMC […]
Alaska Energy Metals Secures Option to Acquire the Bambino
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 […]
Alaska Energy Metals Announces Automatic Conversion of
Alaska Energy Metals Corporation (AEMC) announced the filing of a prospectus supplement on April 30, 2024, to qualify the distribution of securities related to 2,500,000 special warrants issued on February 8, 2024. This supplement includes 2,500,000 common shares and 1,250,000 warrants for acquiring common shares at $0.80 each for 24 months. It also qualifies the […]
Alaska Energy Metals Obtains Receipt for Short Form Base
Alaska Energy Metals Corporation (AEMC) announced it has received a receipt for its final short form base shelf prospectus, allowing it to raise up to C$50 million through securities over a 25-month period. The prospectus enables the company to issue various securities, with specific terms disclosed in future supplements. AEMC focuses on developing its large […]
Alaska Energy Metals Files Amended NI 43-101 Technical
Alaska Energy Metals Corporation (AEMC) has filed an amended Technical Report for its Nikolai Nickel Project in Alaska, effective April 12, 2024. The report, which follows a review by the Canadian Securities Administration, confirms that the Mineral Resource Estimate remains unchanged from the original report filed on March 14, 2024. Minor edits included the addition […]
Alaska Energy Metals Files Updated NI 43-101 Technical
Alaska Energy Metals Corporation (AEMC) reported an updated Mineral Resource Estimate (MRE) for its 100% owned Eureka Property in Alaska, effective February 12, 2024. The MRE indicated 3.9 billion pounds of nickel as indicated resources and 4.2 billion pounds as inferred. The updated report highlighted a substantial increase in resources, including an upgrade from inferred […]
Canada Nickel planning $1-billion nickel processing plant in Ontario for EVs
Would be North America’s largest once completed Mining firm Canada Nickel Co. Inc. plans to develop a nickel processing plant in Ontario that would cost US$1 billion and be North America’s largest once completed. The plant would have capacity to produce more than 80,000 tons of nickel annually, and should begin operations by the start of 2027, the Toronto-based […]
Alaska Energy Metals Significantly Increases NI 43-101 Mineral Resource Estimate For The Eureka Deposit, Nikolai Nickel Project, Alaska, USA
The Eureka West and Eureka East deposits reported in the maiden 2023 Mineral Resource Estimate (“MRE”) are now connected as one deposit measuring 4.5 kilometers (2.8 miles) in length.
Palladium price Drops Below Platinum For First Time In Five Years
Palladium fell by 39% in 2023 after rising prices from 2018 to 2022 caused the auto sector, which accounts for 80% of demand, to start replacing it with the cheaper platinum in autocatalysts. The rising adoption of electric vehicles, which do not require any off-gas treatment system, further worsened the metal’s prospects. “That means that […]