The Prospector News

Alaska Energy Metals Announces Closing of $6.4 Million Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Alaska Energy Metals Announces Closing of $6.4 Million Brokered Private Placement

 

 

 

 

 

Alaska Energy Metals Corporation (TSX-V: AEMC) (OTCQB: AKEMF) is pleased to announce that it has closed its previously announced brokered private placement of units for aggregate gross proceeds of $6,445,000. The Offering was led by Emerging Equities Inc. as lead agent, on behalf of a syndicate of agents, including Canaccord Genuity Corp., Echelon Wealth Partners, Red Cloud Securities Inc. and Cormark Securities Inc.

 

The Company issued a total of 16,112,500 Units at a price of $0.40 per Unit. Each Unit consisted of one common share in the capital of the Company and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase an additional Common Share  at a price of $0.80 until July 27, 2025.

 

The net proceeds from the Offering will be allocated as follows: drilling at the Eureka Zone of the Nikolai project in Alaska ($3,500,000), metallurgical studies ($500,000), marketing ($1,000,000), property acquisitions ($500,000) and general corporate purposes ($465,339). The Company may allocate the net proceeds of the Offering in such priority and proportions as the board of directors or management of the Company determines is in the best interest of the Company.

 

The Company paid the Agents a cash commission of $403,100 and issued 1,007,751 compensation options. Each Compensation Option entitles the holder thereof to acquire one additional Common Shares at a price of $0.60 until July 27, 2025.

 

The securities issued pursuant to the Offering are subject to a four-month hold period from the date of issuance under applicable Canadian securities laws.

 

About Alaska Energy Metals

 

Alaska Energy Metals Corporation is focused on delineating and developing a large polymetallic exploration target containing nickel, copper, cobalt, chrome, iron, platinum, palladium and gold. Located in development-friendly central Alaska near existing transportation and power infrastructure, the project is well-situated to become a significant, domestic source of critical and strategic energy-related metals.

 

Posted July 28, 2023

Share this news article

MORE or "UNCATEGORIZED"


Delta Reports New Gold Intercept at Nova Target in Wedge Area, 4 Kilometres West of Eureka; Follow-Up Drill Program Underway

Delta Reports New Gold Intercept at Nova Target in Wedge Area, 4 ... READ MORE

February 4, 2026

Silver One Announces Closing Of Final Tranche Of $32 Million Financing

Silver One Resources Inc. (TSX-V: SVE) (OTCQX: SLVRF) (FSE: BRK1)... READ MORE

February 4, 2026

SAGA Metals Achieves 100% Drilling Success in 2025—Reports Final Assays from Trapper South at Radar Critical Minerals Project in Labrador

Exceptional grades of Titanium, Vanadium and Iron in all 15 drill... READ MORE

February 4, 2026

Near Surface Intersection Yields 6.58 g/t gold over 10.35 metres

Intersection is within 33 metres from surface and contained in a ... READ MORE

February 4, 2026

Alamos Gold Provides Three-Year Operating Guidance Outlining 46% Production Growth by 2028 at Significantly Lower Costs

Further production growth to one million ounces annually expected... READ MORE

February 4, 2026

Copyright 2026 The Prospector News