Alaska Energy Metals Corp V.AEMC

AEMC Intersects 317.2 m grading 0.34% NiEq @ Nikolai

[MarketMakerss]

Furthering its ground-breaking discovery at the Nikolai Nickel Project in Alaska, Alaska Energy Metals (AEMC.v AKEMF) has intersected 317.2 m grading 0.34% nickel equivalent, confirming mineralization along 860m of strike length!

Drilled as part of AEMCs exploration program at its 100% owned Nikolai Nickel Project, assays for 6 holes have been received with two holes pending.

Demonstrating the Eureka Zone remains consistent and homogenous, as indicated by historical drilling on the property, these results have confirmed mineralization continuity along an 860m strike length on the zone with mineralization remaining open in all directions.

Alaska Energy Metals President & CEO Gregory Beischer commented:

“These two holes further increase the drilled strike extent of the Eureka Zone to 860m. With results from the remaining two drill holes anticipated soon, we can begin calculating an updated Inferred Resource and complete metallurgical studies. Drilling results are consistent with historical drill holes, which intermittently trace out a strike extent of more than 10 kilometers for the mineralized zone. The nickel–copper sulfide mineralization is remarkably homogeneous.”

AEMC's Nikolai Nickel Project boasts a resource exceeding 1.5B pounds of nickel, 372M pounds of copper, 115M pounds of cobalt as detailed in the Maiden NI 43-101 Mineral Resource Estimate and is "quickly evolving into one of the largest nickel resources on the continent".

On track to hit a resource growth target of reaching multiple billions of pounds of in situ 0.35% NiEq within 18 months, AEMC is advancing the project with an aggressive, multi-drill approach, including up to 4 drill rigs moving next season.

As detailed in the Economist Global in an article titled "What Does Alaska Energy Metals’ Nickel Find Mean for the Mining Industry?", "this significant find not only highlights the potential of the Nikolai Nickel Project but also underlines the importance of Alaska as a key player in the global mining landscape.": https://www.economistglobal.com/what-does-alaska-energy-metals-nickel-find-mean-for-the-mining-industry/

Further, the 0.34% NiEq is a compelling indicator of the areas profitability and viability for mining operations. The Eureka Zone is now known for its extensive mineralization, providing a testament to the geological richness of the Nikolai Nickel Project.

"Symbolizing a potential paradigm shift in the nickel mining industry," the Nikolai Nickel Project is poised to become a significant contributor to the economy and, as a domestic source of critical minerals, it reduced reliance on foreign imports, strengthening national economic security.

Full News Release: https://alaskaenergymetals.com/news/intersects-317-2-meters-grading-034-nickel-equivalent/

Posted on Behalf of Alaska Energy Metals Corp.