Breaking Mining News: Alaska Energy Metals
(TSXV: $AEMC.V) (OTCQB: $AKEMF) Advances Core Asset Focus With Sale of Mexico
Subsidiary and Shareholding; @AKEnergyMetals
VANCOUVER,
British Columbia - May 13, 2024 (Investorideas.com Newswire) Alaska Energy
Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) ("AEMC" or the "Company") today
announced:
- The
sale of its shareholding in Felix Gold Ltd. (ASX: FXG) ("Felix
Gold";), and
- The
sale of its Mexico subsidiary, Recursos Millrock S. de R.L. de C.V.
("Recursos Millrock";).
This news is paid advertisement/ news
disseminated on behalf of/issued on behalf of Alaska Energy Metals
Read this news, featuring AEMD in
full at https://www.investorideas.com/news/2024/05131AEMC-Mexico-Subsidiary-and-Shareholding.asp
As a result of these sales, AEMC added non-dilutive
capital to its balance sheet.
"We
have strategically re-built our asset portfolio to enhance our long-term
sustainability and maintain focus on our Nikolai Nickel Project,";
says Gregory Beischer, CEO of Alaska Energy Metals. "These
sales allow us to realize value for these non-core assets. Alaska Energy Metals
owns other gold property assets in Alaska that it may also consider selling.";
Felix Gold Shares
The Company sold the Felix Gold shares it received in 2022 as partial payment
for its gold projects in the Fairbanks Gold District in Alaska. Proceeds from
the sale amount to CAD$350,000 net of brokerage and currency exchange fees.
Mexico Subsidiary
The Company has completed the sale of its Mexico subsidiary, Recursos Millrock,
to Grupo Minero Factor S.A. de C.V., a private company based in Chihuahua,
Mexico. Consideration for the purchase was the grant of royalty interests in 12
mining concessions that were held by Recursos Millrock. Of particular note is
the 0.5% royalty on the Higuerita concession, which comprises the El Batamote
porphyry copper project. Grupo Factor must offer to return the concessions to
the Company in the event they decide to abandon them. The royalties are
summarized in the table below. The Company may consider the sale of these
royalty interests in the future.
Table of Royalties
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. 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
Final Edit Media and Public Relations
Email: sarah@finaleditpr.com
Some statements in this news release
may contain forward-looking information (within the meaning of Canadian
securities legislation), including, without limitation, that it will drill
holes to test the Canwell, Odie and Emerick prospects and do more geophysical
surveys in 2024. 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 guarantees 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.
Alaska
Energy Metals Corporation (TSXV: AEMC) (OTCQB: AKEMF) (FRA: V7F) is a featured
mining stock on Investorideas.com
More info on AEMC at Investorideas.com Visit: https://www.investorideas.com/CO/AEMC/
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