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Alaska Energy Metals Closes Flow-Through Financing

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Alaska Energy Metals Closes Flow-Through Financing






Alaska Energy Metals Corporation (TSX-V: AEMC) (OTCQB: AKEMF) is pleased to announce it has closed a non-brokered private placement of flow-through common shares. The sole participant in the financing was Maple Leaf Funds through subscriptions by Maple Leaf Critical Minerals 2023-II Flow Through LP – Quebec Class and Maple Leaf Critical Minerals 2023 Super Flow Through LP – Quebec Class.


“We are really pleased to have institutional investor Maple Leaf Funds as a shareholder of our company. This financing, done at a significant premium to our current market price, will allow us to advance the Angliers nickel project in Western Quebec” stated Company President & CEO Gregory Beischer.


Two million shares were sold at a price of $0.50 per share to raise gross proceeds of $1,000,000. The proceeds will be used for exploration activities on the Angliers project in Quebec. In connection with the financing, finder’s fees consisting of 179,487 AEMC shares have been issued to Red Cloud Securities Inc. and 140,000 finders warrants were issued to Red Cloud Mining Capital. The securities issued in the financing are subject to a hold period expiring on April 28, 2024.


The financing is subject to final acceptance by the TSX Venture Exchange.


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. The Nikolai Nickel Project, located in Interior 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 for the American market. Additionally, the Company is advancing exploration on the Angliers Nickel Project in Western Quebec.


Posted December 29, 2023

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