The global aerospace industry's recovery is increasing demand for nickel, which is essential for aircraft production. This surge in demand is driving up nickel prices and lead times, impacting the energy industry.
The high demand for nickel by aerospace manufacturers, including Boeing and Airbus, due to a rise in new aircraft orders, is diverting supplies from energy infrastructure projects, particularly in areas like upstream, offshore, and liquefied natural gas (LNG) terminals that rely on nickel for various equipment applications in harsh environments.
Source: https://oilprice.com/Energy/Energy-General/LNG-And-Offshore-Energy-Projects-Face-Delays-As-Nickel-Prices-Soar.html
With this demand for nickel from various sectors, Alaska Energy Metals (Ticker: AEMC.v or AKEMF for US investors) is developing its Nikolai Nickel Project in Central Alaska, recently reporting positive exploration findings from the project.
AEMC shared results from four of eight drill holes on the project. These results show mineralization consistency along the project's 600m-long Eureka Zone, which remains open.
One hole revealed a 324.6m downhole intersection at a grade of 0.34% Nickel Equivalent. Additionally, another one of the 4 holes returned a 356.2m intersection grading 0.34% Nickel Equivalent.
These holes also showed mineralization of elements like copper, cobalt, palladium, platinum, and gold.
Following the release of these findings AEMC's share price reached a 52-week high.
More here: https://ca.finance.yahoo.com/news/alaska-energy-52-week-high-154700987.html
Posted on behalf of Alaska Energy Metals Corp.