AEMC.v Expands Frontiers w/ Quebec Nickel/Copper Acquisition In the realm of energy metals, many investors are turning their attention towards nickel and copper, essential components in the ever-evolving landscape of batteries and other energy-related technologies.
Nestled in the heart of development-friendly central Alaska, Alaska Energy Metals Corporation (Ticker: AEMC.v or AKEMF for US investors) emerges as a key player with its sights set on delineating and developing a substantial polymetallic exploration target. This target encompasses a rich array of metals, including nickel, copper, cobalt, chrome, iron, platinum, palladium, and gold, positioning the company as a potential significant domestic source of critical energy-related metals.
However, AEMC is expanding beyond Alaska, with the recent closure of its acquisition deal for the Angliers-Belleterre nickel-copper project in western Quebec. This strategic move positions AEMC at the forefront of the industry, as the project is underlain by komatiitic ultramafic flow rocks and differentiated gabbro rocks in a regional setting believed to be a mantle plume—a geological condition reminiscent of the renowned Kambalda nickel district in Australia.
The acquisition grants AEMC ownership of the Angliers-Belleterre project and approximately $2.8 million in cash.
AEMC's President & CEO, Gregory Beischer, expressed enthusiasm for the project, citing his familiarity with the area from his earlier career with INCO, the largest nickel producer globally at the time.
As part of the deal, AEMC is giving the issuance of 31,827,720 AEMC shares and 4,105,958 AEMC warrants, exercisable at $0.80 for two years to acquire the company that owns Angliers.
The Angliers property, spanning 454 claims over 24,182.64 hectares in western Quebec, holds immense promise with its geological features, including komatiitic ultramafic flow rocks and differentiated gabbro rocks. These geological conditions, reminiscent of the Kambalda district, suggest the potential for high-grade massive sulfide deposits.
AEMC's management anticipates that the Quebec project will not only provide access to affordable flow-through capital but also render the company eligible for exploration expenditure rebates. These incentives, offered by the Quebec government, underscore the province's commitment to fostering mineral exploration, especially for critical metals like nickel.
As AEMC navigates this new frontier, President & CEO Gregory Beischer emphasizes the excitement of applying a modern exploration approach to the Angliers-Belleterre project. With its recent acquisition, AEMC is poised to make significant strides in the production of critical energy-related metals, contributing to the growing demand for sustainable and innovative technologies.
Full news here: https://alaskaenergymetals.com/news/closes-acquisition-of-the-angliers-belleterre-project-in-quebec/
Posted on behalf of Alaska Energy Metals Corp.