Breaking Mining News: Alaska Energy Metals (TSXV: $AEMC) (OTCQB: $AKEMF) Significantly Increases NI 43-101 Mineral Resource Estimate for the Eureka Deposit, Nikolai Nickel Project, Alaska, USA; @AKEnergyMetals

Breaking Mining News: Alaska Energy Metals (TSXV: $AEMC) (OTCQB: $AKEMF) Significantly Increases NI 43-101 Mineral Resource Estimate for the Eureka Deposit, Nikolai Nickel Project, Alaska, USA; @AKEnergyMetals

 

HIGHLIGHTS

• The Eureka West and Eureka East deposits reported in the maiden 2023 Mineral Resource Estimate ("MRE") are now connected as one deposit measuring 4.5 kilometers (2.8 miles) in length.
• Relative to the maiden MRE:
• A significant portion of the deposit was upgraded from Inferred to Indicated MRE. Previously there was 0 tonnes of Indicated resource. There has been an addition of 813 million tonnes of Indicated resource to the MRE.
• The grade of the Indicated resource is 0.29% nickel equivalent ("NiEq").
• The Inferred resource has increased from 319.6 million tonnes to 896 million tonnes, a 180% increase. The grade of the Inferred resource is 0.27% NiEq.
• There has been an addition of 3.877 billion pounds (1.758 million tonnes) of contained nickel to the Indicated resource.
• There has been an increase in Inferred resource contained nickel metal from 1.552 billion pounds (703,975 tonnes) to 4.225 billion pounds (1.916 million tonnes), a 172% increase.
• As a consequence of joining the two deposits together, the strip ratio has been reduced from 3.7:1 to 1.5:1. Three parallel zones of mineralization are now identified (EZ1, EZ2, and EZ3).
• A higher-grade core zone has been identified within EZ2 and it shows continuity along much of the strike of the deposit. The higher-grade core contains an Indicated resource of 211 million tonnes at a grade of 0.34% NiEq and an Inferred resource of 154 million tonnes at a grade of 0.33% NiEq.

 

 

VANCOUVER, British Columbia - February 12, 2024 (Investorideas.com Newswire) Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) ("AEMC" or the "Company") announced today an updated independent mineral resource estimate prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") ("2024 MRE" or "2024 Resource") for its 100% owned Eureka Deposit, Nikolai Nickel Project ("Nikolai" or "Deposit") in Alaska, USA, with an effective date of February 12, 2023.

 

Read this news, featuring AEMC in full at https://www.investorideas.com/news/2024/02121AEMC-Nikolai-Nickel-Project.asp

The newly-published 2024 MRE contains an addition of 813 million tonnes of indicated resource, 896 million tonnes of inferred resource (an increase of 180%), and a strip ratio decrease, when compared with the maiden resource published in 2023 (see press release dated November 20, 2023). The study was completed by Stantec Consulting Services, Inc., and includes 35 historical drill holes, the data for which the Company purchased in August 2023, and eight diamond drill holes (totaling 4,138 meters) drilled by the Company on the project in 2023.

 

Alaska Energy Metals President & CEO Gregory Beischer commented, "In less than a year, we have taken an exploration concept to a substantial deposit of nickel and other critical metals. The mineral resource estimate update has produced a 180% increase in the Inferred tonnage, and added substantial, new Indicated tonnage to the deposit. The update increases the nickel metal content of the deposit to over 8 billion pounds (more than 3.7 million metric tonnes) with only a 0.01% grade decrease and a notably lower strip ratio. With this updated mineral resource estimate, the Eureka deposit of the Nikolai Nickel project represents a globally significant accumulation of nickel and has now become one of the larger known nickel deposits in the United States. Nikolai could potentially become an important source of nickel for the USA, catering to the needs of various manufacturing sectors including stainless steel, electric vehicles, defense components, long-term, grid-scale renewable energy storage batteries and a myriad of other uses. This significant achievement speaks volumes to the hard work our team has put into the project over the past year. I am particularly encouraged by the delineation of a higher-grade core zone. The presence of this core zone could dramatically affect project economics in a positive way."

 

Nikolai Mineral Resource Estimate Update

• Total Indicated mineral resources of 3.877 billion pounds (1.758 million tonnes) of nickel, 1.276 billion pounds (578,783 tonnes) of copper, and 303 million pounds (137,438 tonnes) of cobalt, plus a total of 4.0 million ounces of platinum, plus palladium and gold in a constrained model totaling 813 million tonnes, at an average grade of 0.29% total NiEq, using a 0.20% NiEq cut-off grade. See detailed breakdown in Tables 1, 2, and 3 below.
• Total Inferred mineral resources of 4.225 billion pounds (1.916 million tonnes) of nickel, 1.040 billion pounds (471,736 tonnes) of copper, and 327 million pounds (148,324 tonnes) of cobalt, plus a total of 3.4 million ounces of platinum, plus palladium and gold in a constrained model totaling 896 million tonnes, at an average grade of 0.27% total NiEq, using a 0.20% NiEq cut-off grade. See detailed breakdown in Tables 1, 2, and 3 below.
• A higher-grade core zone has been identified within EZ2, and it shows continuity along much of the strike of the deposit. The higher-grade core contains an Indicated resource of 211 million tonnes at a grade of 0.34% NiEq and an Inferred resource of 154 million tonnes at a grade of 0.33% NiEq. This zone will continue to be evaluated, as it could positively affect project economics
• The 2024 MRE represents a significant, material tonnage increase in the MRE for the Nikolai Nickel project compared to the maiden MRE (see press release dated November 20, 2023).
• The 2024 MRE is defined by 43 drill holes comprising 35 historic and eight holes drilled in 2023 by AEMC. The drill holes provide confirmation that mineralization is interconnected across all three domains. The deposits remain open along strike and in the down dip direction.
• The 2024 MRE incorporates three zones (EZ1, EZ2, EZ3) of sulfide mineralization that cover 4.5 kilometers (2.8 miles) of the Eureka deposit (Figure 1). The Eureka Zone East and Eureka Zone West MRE reported in the 2023 maiden MRE are now connected to form one continuous deposit.
• As a consequence of joining the two deposits together, the strip ratio was significantly decreased from 3.7:1 to 1.5:1.
• Chrome and iron are also present within the deposit but have not been reported in the 2024 Resource due to the lack of historical assay data and analytical methods used.

 

The 2024 MRE will be incorporated into a NI 43-101 compliant technical report for the Nikolai Nickel project to be filed within 45 days.

 

Table 1 - Nikolai Project Mineral Resource Estimate (MRE) Effective February 12, 2024

Indicated Mineral Resource Tonnes and Grade
Area	Mineralized Zone	NiEq Cutoff	Tonnage	Base and Battery Metals			PGM and Precious Metals			Total
				Ni	Cu	Co	Pt	Pd	Au	NiEq*
		(%)	(MT)	(%)	(%)	(%)	(g/T)	(g/T)	(g/T)	(%)
Eureka	Eureka Zone 1 (EZ1)	>= 0.200	-	-	-	-	-	-	-	-
	Eureka Zone 2 (EZ2)	>= 0.200	739	0.22	0.08	0.02	0.049	0.101	0.013	0.29
	Eureka Zone 3 (EZ3)	>= 0.200	74	0.21	0.02	0.02	0.035	0.023	0.006	0.25
Total	EZ1 + EZ2 + EZ3	>= 0.200	813	0.22	0.07	0.02	0.048	0.094	0.012	0.29
Indicated Mineral Resource Tonnes and Metal Content
Area	Mineralized Zone	NiEq Cutoff	Tonnage	Base and Battery Metals			PGM and Precious Metals			Total
				Ni	Cu	Co	Pt	Pd	Au	NiEq*
		(%)	(MT)	(Mlbs)	(Mlbs)	(Mlbs)	(KtOz)	(KtOz)	(KtOz)	(Mlbs)
Eureka	Eureka Zone 1 (EZ1)	>= 0.200	-	-	-	-	-	-	-	-
	Eureka Zone 2 (EZ2)	>= 0.200	739	3,532	1,243	279	1,166	2,400	310	4,770
	Eureka Zone 3 (EZ3)	>= 0.200	74	345	33	25	83	54	15	407
Total	EZ1 + EZ2 + EZ3	>= 0.200	813	3,877	1,276	303	1,249	2,454	326	5,177
Inferred Mineral Resource Tonnes and Grade
Area	Mineralized Zone	NiEq Cutoff	Tonnage	Base and Battery Metals			PGM and Precious Metals			Total
				Ni	Cu	Co	Pt	Pd	Au	NiEq*
		(%)	(MT)	(%)	(%)	(%)	(g/T)	(g/T)	(g/T)	(%)
Eureka	Eureka Zone 1 (EZ1)	>= 0.200	85	0.19	0.02	0.02	0.025	0.020	0.004	0.22
	Eureka Zone 2 (EZ2)	>= 0.200	693	0.22	0.06	0.02	0.042	0.082	0.010	0.28
	Eureka Zone 3 (EZ3)	>= 0.200	118	0.21	0.02	0.02	0.033	0.022	0.006	0.25
Total	EZ1 + EZ2 + EZ3	>= 0.200	896	0.21	0.05	0.02	0.039	0.068	0.009	0.27
Inferred Mineral Resource Tonnes and Metal Content
Area	Mineralized Zone	NiEq Cutoff	Tonnage	Base and Battery Metals			PGM and Precious Metals			Total
				Ni	Cu	Co	Pt	Pd	Au	NiEq*
		(%)	(MT)	(Mlbs)	(Mlbs)	(Mlbs)	(KtOz)	(KtOz)	(KtOz)	(Mlbs)
Eureka	Eureka Zone 1 (EZ1)	>= 0.200	85	356	31	29	67	56	10	422
	Eureka Zone 2 (EZ2)	>= 0.200	693	3,320	957	259	939	1,831	233	4,337
	Eureka Zone 3 (EZ3)	>= 0.200	118	549	52	39	127	85	22	647
Total	EZ1 + EZ2 + EZ3	>= 0.200	896	4,225	1,040	327	1,133	1,972	265	5,406

 

• NiEq = nickel equivalent, MT = million tonnes, Mlb = Million pounds, KtOz = thousand troy ounces.
• Totals may vary due to rounding.
• CIM definitions are followed for classification of Mineral Resource.
• Metal pricing used to calculate NiEq is based on observation of monthly metal pricing for the past 24 months up to end-January 2024 with Ni at US$23,375/tonne (US$10.6/lb) (World Bank), Cu at US$ 8,644/tonne ($US3.92/lb) (World Bank), Co 41,050 US$/tonne (US18.62/lb) (Trading Economics), Pt at US$963/toz (World Bank), Pd at US$1,664/toz (Kitco), and Au at 1,878 (World Bank). Totals may not represent the sum of the parts due to rounding.
• Nickel equivalent grade formula is as follows:
  *NiEq = (Ni%) + (Cu% * 0.31) + (Co% * 1.46) + (Pt% * 1,103) + (Pd% * 1,907) + (Au% * 2,153)
  Coefficients used to calculate the value of other metals to Ni equivalent include allowances for differences in assumed recoveries of other metals (50%) and nickel (60%), and are calculated as follows:
  (Metal Price)/(Ni Price) x (metal recovery/Ni recovery).
• Base case NiEq cutoff grade is 0.20% calculated from a Ni price of US$23,375/tonne (US$10.60 US$/lb), surface mining cost of US$2.50 per tonne, processing costs US$25.00 per tonne and Ni recovery of 60% and 50% for other metals (Cu, Co, Pt, Pd, and Au).
• Mineral Resource are reported from within an economic pit shell whose extent has been estimated using a Ni price of US$23,374.56/tonne (US$10.60 US$/lb) and mining cost of US$2.50 per tonne, from a Ni equivalent grade calculated from Ni, Cu, Co, Pt, Pd, and Au, and 45-degree constant slope angle.
• The Mineral Resource estimate has been prepared by Derek Loveday, P. Geo. of Stantec Consulting Services Inc. in conformity with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and are reported in accordance with the Canadian Securities Administrators NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that any mineral resource will be converted into mineral reserve.

 

SENSITIVITY ANALYSIS
A sensitivity analysis for Indicated and Inferred mineral resources are provided in Table 2 and Table 3 respectively, which demonstrates the variation in grade and tonnage in the deposit at various cut-off grades. Constrained Mineral Resources are reported at a base case cut-off grade of 0.20% NiEq. The values in the table reported above and below the cut-off grades should not be misconstrued with a Mineral Resource Statement. The values are only presented to show the sensitivity of the block model estimates to the selection of cut-off grade. All figures are rounded to reflect the relative accuracy of the estimate.

 

Table 2 - Nikolai Project MRE Indicated Grade Sensitivity Effective February 12, 2024

Indicated Mineral Resource Tonnes and Grade Sensitivity
Area	Mineralized Zone	NiEq Cutoff	Tonnage	Base and Battery Metals			PGM and Precious Metals			Total
				Ni	Cu	Co	Pt	Pd	Au	Ni Eq*
		(%)	(MT)	(%)	(%)	(%)	(g/T)	(g/T)	(g/T)	(%)
Total	EZ1+ EZ2 + EZ3	>= 0.100	892	0.21	0.07	0.02	0.05	0.09	0.01	0.28
		>= 0.150	891	0.21	0.07	0.02	0.05	0.09	0.01	0.28
		>= 0.200	813	0.22	0.07	0.02	0.05	0.09	0.01	0.29
		>= 0.225	735	0.22	0.08	0.02	0.05	0.10	0.01	0.30
		>= 0.250	618	0.23	0.08	0.02	0.05	0.11	0.01	0.31
		>= 0.275	467	0.24	0.09	0.02	0.06	0.12	0.02	0.32
		>= 0.300	289	0.25	0.11	0.02	0.07	0.14	0.02	0.34
		>= 0.325	177	0.26	0.13	0.02	0.07	0.16	0.02	0.37
		>= 0.350	114	0.26	0.14	0.02	0.08	0.17	0.02	0.38
		>= 0.375	70	0.27	0.15	0.02	0.08	0.18	0.02	0.39
		>= 0.400	22	0.28	0.16	0.02	0.08	0.18	0.03	0.41
Indicated Mineral Resource Tonnes and Metal Content Grade Sensitivity
Area	Mineralized Zone	NiEq Cutoff	Tonnage	Base and Battery Metals			PGM and Precious Metals			Total
				Ni	Cu	Co	Pt	Pd	Au	Ni Eq*
		(%)	(MT)	(Mlbs)	(Mlbs)	(Mlbs)	(KtOz)	(KtOz)	(KtOz)	(Mlbs)
Total	EZ2 + EZ2 + EZ3	>= 0.100	892	4,126	1,326	330	1,326	2,539	347	5,502
		>= 0.150	891	4,123	1,324	329	1,325	2,535	347	5,498
		>= 0.200	813	3,877	1,276	303	1,249	2,454	326	5,177
		>= 0.225	735	3,593	1,218	277	1,167	2,345	305	4,815
		>= 0.250	618	3,113	1,102	236	1,033	2,121	273	4,195
		>= 0.275	467	2,434	934	183	851	1,773	227	3,320
		>= 0.300	289	1,569	693	117	616	1,290	162	2,195
		>= 0.325	177	995	501	75	423	896	115	1,426
		>= 0.350	114	662	358	50	292	620	81	961
		>= 0.375	70	415	234	31	185	393	52	606
		>= 0.400	22	135	76	10	57	125	18	197

 

Table 3 - Nikolai Project MRE Inferred Grade Sensitivity Effective February 12, 2024

Inferred Mineral Resource Tonnes and Grade Sensitivity
Area	Mineralized Zone	NiEq Cutoff	Tonnage	Base and Battery Metals			PGM and Precious Metals			Total
				Ni	Cu	Co	Pt	Pd	Au	Ni Eq*
		(%)	(MT)	(%)	(%)	(%)	(g/T)	(g/T)	(g/T)	(%)
Total	EZ1+ EZ2 + EZ3	>= 0.100	1,089	0.20	0.05	0.02	0.04	0.06	0.01	0.26
		>= 0.150	1,076	0.20	0.05	0.02	0.04	0.06	0.01	0.26
		>= 0.200	896	0.21	0.05	0.02	0.04	0.07	0.01	0.27
		>= 0.225	752	0.22	0.06	0.02	0.04	0.08	0.01	0.29
		>= 0.250	603	0.23	0.06	0.02	0.04	0.08	0.01	0.30
		>= 0.275	413	0.24	0.07	0.02	0.05	0.09	0.01	0.31
		>= 0.300	244	0.25	0.08	0.02	0.05	0.11	0.01	0.33
		>= 0.325	124	0.26	0.10	0.02	0.06	0.12	0.01	0.35
		>= 0.350	46	0.26	0.14	0.02	0.08	0.16	0.02	0.38
		>= 0.375	26	0.27	0.16	0.02	0.08	0.18	0.03	0.39
		>= 0.400	10	0.28	0.16	0.02	0.08	0.18	0.03	0.41
Inferred Mineral Resource Tonnes and Metal Content Grade Sensitivity
Area	Mineralized Zone	NiEq Cutoff	Tonnage	Base and Battery Metals			PGM and Precious Metals			Total
				Ni	Cu	Co	Pt	Pd	Au	Ni Eq*
		(%)	(MT)	(Mlbs)	(Mlbs)	(Mlbs)	(KtOz)	(KtOz)	(KtOz)	(Mlbs)
Total	EZ2 + EZ2 + EZ3	>= 0.100	1,089	4,840	1,133	393	1,285	2,093	298	6,178
		>= 0.150	1,076	4,810	1,127	389	1,278	2,087	297	6,139
		>= 0.200	896	4,225	1,040	327	1,133	1,972	265	5,406
		>= 0.225	752	3,685	959	277	981	1,824	234	4,733
		>= 0.250	603	3,054	847	227	825	1,614	201	3,949
		>= 0.275	413	2,183	665	160	617	1,244	151	2,854
		>= 0.300	244	1,354	449	98	405	825	94	1,788
		>= 0.325	124	717	268	52	232	476	57	965
		>= 0.350	46	264	144	19	114	239	34	382
		>= 0.375	26	155	93	11	72	151	22	228
		>= 0.400	10	58	34	4	24	56	8	85

Figure 1. Eureka Zone overview map displaying geology, the 2024 economic resource pit outline, and drill hole locations.

Figure 2. Cross section through the Eureka EZ1, EZ2, and EZ3 MRE. Note: Location of section A-A’ is located on Figure 1.

Figure 3. Cross section through the Eureka EZ1, EZ2 & EZ3 MRE. Note: Location of section B-B’ is located on Figure 1.

MINERAL RESOURCE ESTIMATION CALCULATION METHODOLOGY
The geologic model used for reporting of mineral resources is a 3D block model that was developed using LeapFrog Edge version 2023.1.1 and MinePlan version 16.1.1. The block model was developed using the UTM NAD83 6N and is in metric units. The block size is 40 m (X), 10 m (Y) and 10 m (Z) rotated by 26 degrees toward the east to align the X-axis along strike at 118 degrees. The block model captures three mineralized ultramafic intrusive bodies ("zones" or "solids") that dip towards the southwest at between 45° and 50°. These three zones are called Eureka Zone 1 (EZ1), Eureka Zone 2 (EZ2) and Eureka Zone 3 (EZ3) from south to north across the deposit, respectively. The mineralized zones were built using Seequent's Leapfrog Geo software from a drillhole database of 43 drillholes. Mineral sample assays have been validated for 36 of the 43 drillholes and assay data from these holes has been used to estimate grades for nickel (Ni), copper (Cu), cobalt (Co), platinum (Pt), palladium (Pd), gold (Au), silver (Ag), iron (Fe) and chromium (Cr). All metals, excluding Ag, Fe and Cr, have been used to calculate a NiEq grade based on average (24 month) market prices. Ag and Au grades were capped prior to estimation at 0.6 parts per million (ppm) for Ag and 0.03 ppm for Au within EZ1. Ni is approximately 77% of the total in-situ value of the metals included in the equivalent grade calculation.

Reasonable prospects for economic extraction have been determined by calculating a recovered NiEq cutoff grade of 0.20 percent (%) using the following assumptions:

• Mining costs US$2.5/tonne;
• Processing costs US$25/tonne;
• Processing recovery of 60%.

 

Resources are reported from within an economic pit shell at a 45-degree constant slope using Hexagon mining Pseudoflow algorithm. No underground mining is considered. Assumed revenue used to drive the pit shell is US$10.60/lb Ni applied to a recovered Ni-equivalent grade assuming 60% recovery for Ni and 50% recovery for all other metal equivalents. This pit optimization does not represent an economic study. Future engineering studies will be needed to develop optimal bulk tonnage mining methods. The pit-constrained MRE is at an indicated and inferred-level of assurance based in the quantity of exploration data available for grade estimation. Mineral resources are reported for the EZ1, EZ2 and EZ3.

 

The Nikolai Project MRE, with an effective date of February 12, 2024, is shown in Table 1 and associated grade sensitivity is shown in Table 2 and Table 3.

 

MINERAL RESOURCE ESTIMATE PREPARATION
The 2024 MRE has been prepared by Derek Loveday, P. Geo. (the "QP") of Stantec Consulting Services Inc. in conformity with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and are reported in accordance with NI 43-101. The QP is not aware of any environmental, permitting, legal, title, taxation, socio‐economic, marketing, political, or other relevant issues that could potentially affect the 2024 MRE. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that any mineral resource will be converted into mineral reserve.

 

METALLURGY
All deposits in the 2024 Resource contain desirable nickel sulfide mineralization consisting of thick, layered horizons of nickel and copper sulfides, which are enriched in cobalt, chrome, iron, platinum, palladium, and gold. Preliminary deportment assessments for the Eureka Zone 2 mineralization have been completed by Pure Nickel Inc. in 2014 (see Pure Nickel's press release dated April 22, 2014) and by the Company in 2022 (see press release dated September 29, 2022). Results from these two assessments (Table 4) indicate an average of 83.4% of the total nickel is in potentially recoverable mineral phases of Ni-sulfides and Ni-Fe alloys. The Company also analyzed copper deportment, with an average of 74% of the total copper in potentially recoverable mineral phases of Cu-sulfides and Cu-oxides. Additional deportment studies and bench scale metallurgical testing are on-going using core samples collected from the Company's 2023 drill program. Results from these studies will be released when completed.

 

Table 4 - Summary of Ni-Cu Deportment work complete on the Nikolai Nickel Project

	PNI Composite (PNI-12-063)	Millrock Composite 1 (FL-003)	Millrock Composite 2 (FL-003)
% Ni	0.28	0.25	0.23
% Ni in sulfides and alloys	75.3	94.3	80.8
% Ni in silicates	20	5.1	18.9
% Cu	0.12	0.16	0.07
% Cu in sulfides and oxides	NA	72.4	75.5
% Sulfur	0.77	1.32	0.49
Notes: Pure Nickel deportment study focused on Ni and Fe sulfides, with no results for Cu sulfides and oxides

CHROME AND IRON
Chrome and iron have been identified as potentially significant co-products of mineralization at the Nikolai Nickel Project. Data the Company purchased in August 2023 had incomplete iron assay data and the analytical methods used to determine the concentration of chrome prevented the assessment of these elements in the 2024 MRE. The drilling completed by the Company in 2023 indicated an increase from 0.18% to 0.28% in the mean chrome assays and an increase from 8.2% to 8.8% in the mean iron assays relative to the historical purchased data. AEMC will continue to evaluate the chrome and iron data from the 2024 infill drill program, which is currently being planned. The Company has the objective of integrating these elements in future resource updates.

 

CAUTIONARY NOTE CONCERNING TECHNICAL DISCLOSURE AND U.S. SECURITIES LAWS
The MRE has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ in certain material respects from the disclosure requirements under United States securities laws. Unless otherwise indicated, all resource and reserve estimates included in this news release have been prepared in accordance with NI 43-101. The definitions used in NI 43-101 are incorporated by reference from the CIM Definition Standards.

 

The SEC Modernization Rules replaced the historical disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which has been rescinded. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". Readers are cautioned that while the above terms are "substantially similar" to the corresponding CIM Definition Standards, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral resources that the Company may report as "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared mineral resource estimates under the standards adopted under the SEC Modernization Rules. Accordingly, information contained or incorporated by reference in this news release describing the Company's mineral deposits may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

 

QUALIFIED PERSON
Mr. Derek Loveday, P. Geo. of Stantec Consulting Services Inc. is the Qualified Person as defined by NI 43-101 who has prepared, or supervised the preparation of, or has reviewed and approved, the scientific and technical data pertaining to the MRE contained in this release, and will be preparing the NI-43-101 technical report for filing on SEDAR+ within 45 days.

 

Gabriel Graf, the Company's Chief Geoscientist, is the qualified person, as defined under NI 43-101 having reviewed and approved all other scientific and technical information contained in this news release.

 

For additional information, visit: https://alaskaenergymetals.com/

 

About Alaska Energy Metals
Alaska Energy Metals Corporation is focused on delineating and developing a large polymetallic exploration target containing nickel, copper, cobalt, chrome, iron, platinum, palladium, and gold. Located in central Alaska near existing transportation and power infrastructure, the Nikolai Nickel project is well-situated to become a significant, domestic source of critical and strategic energy-related metals for the American market.

 

ON BEHALF OF THE BOARD
"Gregory Beischer"
Gregory Beischer, President & CEO

 

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-638-3164

Sarah Mawji, Public Relations
Final Edit Media and Public Relations
Email: sarah@finaleditpr.com

 

Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, that it will drill holes to test the Canwell, Odie and Emerick prospects and do more geophysical surveys in 2024. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

Alaska Energy Metals Corporation (TSXV: AEMC) (OTCQB: AKEMF) (FRA: V7F) is a featured mining stock on Investorideas.com

 

More info on AEMC at Investorideas.com Visit: https://www.investorideas.com/CO/AEMC/

 

Get News Alerts on Alaska Metals

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: Alaska Energy Metals is a paid featured mining stock on Investorideas.com effective January 5, 2023, More info https://www.investorideas.com/About/News/Clientspecifics.asp

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Focus on Mining: (ASX: $MAN.AX) (ASX: $MEK.AX) (TSXV: $SEND.V) (CSE: $MML.CN)

Focus on Mining: (ASX: $MAN.AX) (ASX: $MEK.AX) (TSXV: $SEND.V) (CSE: $MML.CN)

 

Australian Mining Stocks to Watch: (ASX: $LEX.AX) (ASX: $BUR.AX) (ASX: $CPO.AX) (ASX: $G88.AX)

 

 

 

 

 

February 9, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the Mining,

 

Read this in full at https://www.investorideas.com/news/2024/main/02091Stocks.asp

 

This week’s new companies are involved in gold, rare earth and battery metal exploration.

Operations take place in Australia and North and South America.

 

New Stocks Added to the Mining Directories:

Mandrake Resources Limited (ASX:MAN) is a ASX listed explorer, focused on advancing its large-scale lithium project in the prolific ‘lithium four corners’ Paradox Basin in south-eastern Utah, USA.

 

Meeka Metals Limited (ASX MEK) has a portfolio of high quality 100% owned projects across Western Australia: Murchison Gold Project, Circle Valley, Cascade and Circle Valley REE Projects.

 

Sendero Resources Corp. (TSXV:SEND) is focused on copper-gold exploration at its 100% owned Peñas Negras Project in the Vicuña Belt in Argentina. The Peñas Negras Project has similar geological characteristics to other deposits in the Vicuña Belt and a cluster of porphyry and epithermal targets have been identified on the project. The Company, through its wholly owned subsidiary, Barton SAS, is the holder of ten granted mining concessions covering 120 km2 in the province of La Rioja, Argentina.

 

Moonbound Mining Ltd. (CSE:MML) is a mineral exploration company which currently has two exploration projects and is seeking to acquire additional mineral exploration properties. The current projects include the Yak Property, located in northwestern British Columbia, Canada, and the Strathmore Property, which includes seven mining licenses located in Namibia, South Africa.

 

Lefroy Exploration (ASX:LEX) an active West Australian exploration company focused on expanding and developing our growing gold and critical minerals portfolio. The Company’s high-quality assets are located within our Lefroy Project in the Yilgarn Block of Western Australia.

 

Burley Minerals (ASX:BUR) is a well-established exploration and development Company with strategic assets located within the globally recognised Tier-1 Provinces of Quebec, Canada and Western Australia. The tenements are prospective for Lithium, Rubidium, Iron Ore and Base metals.

 

Culpeo Minerals (ASX:CPO) is a copper exploration and development company with assets in Chile, the world’s number one copper producer. The Company is exploring and developing high-grade copper systems in the coastal Cordillera region of Chile.

 

Golden Mile Resources Ltd (ASX:G88) is a Western Australian based resource company with an advanced critical metals project and multi-element exploration projects located in the Eastern Goldfields, Murchison, Pilbara, and South-West regions. The Company’s flagship project is the Quicksilver Nickel-Cobalt Project, located near the town of Lake Grace (~300km SE of Perth) on privately owned farmland in an area with excellent local infrastructure. The Project is an oxide clay hosted Nickel-Cobalt deposit with an Indicated and Inferred Resource of 26.3 Mt @ 0.64% Ni & 0.04% Co (cut-off grade >0.5% Ni or >0.05% Co). Further to the defined Resource, Quicksilver has confirmed mineralisation of Rare Earth Elements (REE’s) and high-grade scandium (Sc) within the Resource envelope as well as gold.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

For avid mining investors looking for the next great mining play, the Exploring Mining Podcast features expert advice in the sector from some of the best though leaders as well as interviews with CEO’s in the industry.

 

 

 

 

 

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Bitcoin Stock News Bite- Integrated Ventures (OTCQB: $INTV) Delivers 376% Q2-to-Q1 Growth; Revenues Of $1,728,108 vs $1,059,064; @@IntVentures

 

 

Bitcoin Stock News Bite- Integrated Ventures (OTCQB: $INTV) Delivers 376% Q2-to-Q1 Growth; Revenues Of $1,728,108 vs $1,059,064; @@IntVentures

 

Investorideas.com (www.investorideas.com)  Bitcoin Stock News Bites- - Integrated Ventures Inc. (OTCQB: INTV), ("Company") is pleased to confirm filing of Q2/2024 Report, scheduled to be filed after market close, on 02/09/2024, for financial period, ending on December 31, 2023.

 

Read this news bite, featuring INTV in full at https://www.investorideas.com/news/2024/cryptocurrency/02091StockBites-INTV.asp

Financial Highlights (*) are as follow:

Total Revenues: For the Q2/2024, the Company had generated the revenues of $1,728,108.00 vs $1,059,064.00 for Q1/2024.

 

Gross Loss/Profit: Excluding Equipment Depreciation Expense, the Company's mining operations produced gross profit of $556,358.00 vs accounting based loss of $189,362.00.

 

Net Income Loss/Profit: Excluding Equipment Depreciation Expense, the Company's mining operations produced net income profit of $391,381.00 vs accounting based loss of $354,340.00.

 

Total Assets: As of December 31, 2023, the Company reported the total assets, in the amount of $5,445,348.00.

 

Total Current Liabilities: As of December 31, 2023, the Company reported the total liabilities (non-cash), in the amount of $3,026,042.00 (Q2/2024) vs $2,975,452.00 (Q1/2024).

 

Total Liquid Assets (Cash+ Digital Securities): The ending balance was $816,316.00 (Q2/2024) vs 705,423.00 (Q1/2024).

 

Net Loss Per Share:  the Company's net loss per common share reported was (0.00) cents (Q2/2024) vs (0.01) (Q1/2024).

* Operational Highlights:

# of miners online: 2,500+

 

Mining gross margins: 35-40%,

 

Network difficulty: 75+

 

BTC pricing: $44,000.00+ (as of 02/07/2024).

 

Annual mining revenues are projected to be in $7.5-8 million range.

 

Integrated Ventures,Inc is diversified holdings company that develops, acquires, operates and invests in businesses, focused on ai/information technology, data center design and cryptocurrency mining. Company's current, revenue generating operations consist of digital currency mining and hosting.

www.integratedventuresinc.com.

 

Read the company’s full news and disclaimer here:

https://finance.yahoo.com/news/integrated-ventures-delivers-376-q2-133000140.html

 

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Breaking Mining News: Alaska Energy Metals (TSXV: $AEMC) (OTCQB: $AKEMF) Announces Closing of $1 Million Special Warrant Offering; @AKEnergyMetals

Breaking Mining News: Alaska Energy Metals (TSXV: $AEMC) (OTCQB: $AKEMF) Announces Closing of $1 Million Special Warrant Offering; @AKEnergyMetals

VANCOUVER, British Columbia - February 9, 2024 (Investorideas.com Newswire) Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) ("AEMC" or the "Company") is pleased to announce the closing of a non-brokered offering of 2,500,000 special warrants (the "Special Warrants") issued at the price of $0.40 per Special Warrant for gross proceeds of $1,000,000 (the "Offering").

Each Special Warrant will automatically convert into one unit of the Company (each a "Unit"), as described below. Each Unit shall consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (each full warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.80 per Share for a period of 24 months following the date of issue.

Each Special Warrant will automatically convert, for no additional consideration, into Units on the date (the "Qualification Date") that is the earlier of: (i) the date that is three business days following the date on which the Company (a) obtains a receipt from the applicable securities regulatory authorities (the "Securities Commissions") for a (final) short form prospectus qualifying distribution of the Units underlying the Special Warrants (the "Qualifying Prospectus") or (b) files a prospectus supplement to a short form base shelf prospectus with the Securities Commissions qualifying distribution of the Units underlying the Special Warrants (the "Prospectus Supplement"), and (ii) the date that is four months and one day after the closing of the Offering.

The Company will use its commercially reasonable efforts to obtain a receipt from the Securities Commissions for the Qualifying Prospectus or file the Prospectus Supplement within 60 days of the closing of the Offering (not including the date of closing), provided, however, that there is no assurance that a Qualifying Prospectus or a receipt therefor will be issued by the Securities Commissions, or a Prospectus Supplement will be filed with the Securities Commissions, prior to the expiry of the statutory four month hold period.

The Company paid finder's fee of $4,000 to Research Capital Corporation and $8,000 to Canaccord Genuity Corp., being 8% of the gross proceeds raised by each such finder. As settlement for the finder's fees, the Company issued to Research Capital Corporation 10,000 broker special warrants (each a "Broker Special Warrant") and to Canaccord Genuity Corp. 20,000 Broker Special Warrants at the deemed issue price of $0.40. Each Broker Special Warrant will automatically convert, for no additional consideration, into one Share on the Qualification Date.

The net proceeds from the Offering will be used for working capital and marketing purposes.

Prior to the filing of the Qualifying Prospectus or Prospectus Supplement and the automatic conversion of the Special Warrants and the Broker Special Warrants, the securities issued under the Offering will be subject to a four month hold period from the date of closing of the Offering in addition to any other restrictions under applicable law.

In its news release of December 28, 2023, the Company reported that 140,000 finder's warrants were issued in connection with the closing of its flow-through private placement. Each finder's warrant is exercisable for one common share of the Company at a price of $0.39 per share for a term of two years.

For additional information, visit: https://alaskaenergymetals.com/

About Alaska Energy Metals
Alaska Energy Metals Corporation is focused on delineating and developing a large polymetallic exploration target containing nickel, copper, cobalt, chrome, iron, platinum, palladium, and gold at the Nikolai Nickel Project. Located in central Alaska near existing transportation and power infrastructure, the project is well-situated to become a significant, domestic source of critical and strategic energy-related metals for the American market. Additionally, the company is exploring the Angliers Nickel Project in Western Quebec.

ON BEHALF OF THE BOARD
"Gregory Beischer"
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-638-3164

Sarah Mawji, Public Relations
Final Edit Media and Public Relations
Email: sarah@finaleditpr.com

Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, that it will drill holes to test the Canwell, Odie and Emerick prospects and do more geophysical surveys in 2024. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

Alaska Energy Metals Corporation (TSXV: AEMC) (OTCQB: AKEMF) (FRA: V7F) is a featured mining stock on Investorideas.com

 

More info on AEMC at Investorideas.com Visit: https://www.investorideas.com/CO/AEMC/

 

Get News Alerts on Alaska Metals

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: Alaska Energy Metals is a paid featured mining stock on Investorideas.com effective January 5, 2023, More info https://www.investorideas.com/About/News/Clientspecifics.asp

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