Alaska Energy Metals Corp AKEMF

Agrees to Acquire Angliers-Belleterre Project V.AEMC

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Highlights:

• Alaska Energy Metals Corporation has agreed to purchase 1413336 BC Ltd., the owner of the Angliers-Belleterre nickel-copper project in western Quebec.
• The target company assets include approximately $2.8 million in cash.
• The Angliers-Belleterre property is underlain by komatiitic ultramafic flow rocks and differentiated gabbro rocks in a regional setting thought to be a mantle plume. The setting is similar to that of the Kambalda nickel district in Australia.
• Significant nickel prospects on adjacent claims, for example, the Midrim nickel prospect, appear to trend onto the Angliers-Belleterre project, and there is a six-kilometre long belt of nickel-enriched rocks documented by the Quebec government on the project.
• By virtue of owning a Quebec project, AEMC will have greater access to inexpensive flow-through capital and be eligible for rebates on exploration expenditures.

VANCOUVER, British Columbia, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or “the Company”) is pleased to announce it has entered a binding Letter of Intent (“LOI”) to purchase an arm’s-length company named 1413336 BC Ltd. (“141 BC”) effective September 20, 2023. The target company assets include the Angliers-Belleterre nickel-copper project (the “Angliers project”) in western Quebec and approximately $2.8 million in cash.

Alaska Energy Metals Agrees to Acquire Angliers-Belleterre (globenewswire.com)