In a recent video titled "Getting To Know Alaska Energy Metals," Greg Bisher, the President and CEO of Alaska Energy Metals, introduced the company and its mission. Mr. Bisher, an exploration geologist since 1987, has been working across North America and settled in Alaska in 1995.
The importance of having a secure domestic source of nickel for electric vehicle batteries across North America and Europe is emphasized as well as Alaska Energy Metals' primary focus on nickel.
Traditionally employed primarily in the manufacturing of stainless steel, nickel has seen a remarkable shift in its significance due to the surging demand for electric vehicles. Now, nickel plays a vital role in lithium-ion batteries, arguably surpassing lithium in importance.
Alaska Energy Metals, a newly formed company, holds the Nikolai project in central Alaska, which is believed to house a substantial nickel deposit. Besides nickel, the project also boasts the presence of cobalt, copper, chrome, iron, platinum, palladium, and even gold. This multi-metal deposit could potentially be exceptionally significant.
The video showcases ongoing drilling campaigns to confirm the extent of this deposit. The Eureka zone of mineralization, where drilling is underway, is around 300 meters thick and stretches for approximately 12 kilometers. This size could make it one of the world's largest nickel mineralization deposits, presenting a unique investment opportunity in the field of battery metals.
Alaska Energy Metals recently secured $9 million in funding, and these funds will be instrumental in reaching their initial target of 1 billion pounds of nickel in the ground. The money will be allocated to metallurgical surveys, geophysical studies, and the search for higher-grade mineralization areas. The company aims to calculate a maiden inferred resource by the end of this milestone.
The video also underscores the significance of domestic sources for battery metals, especially for the electric vehicle industry. Alaska Energy Metals believes that their nickel deposit, if proven, could play a pivotal role in America's energy transition. As the world shifts towards electric vehicles and green energy, securing a reliable and substantial source of these crucial metals becomes increasingly vital.
Full video here:
Posted on behalf of Alaska Energy Metals Corp.