Alaska Energy Metals Corp. reports company developments tied to the Nikolai nickel project in Alaska, including metallurgical studies, exploration drilling plans, permitting activity, and assessments of mining and processing scenarios. News about the company commonly centers on project advancement for nickel and by-product critical metals.
Recurring corporate updates also cover equity financings, unit and warrant structures, at-the-market share issuances, shares issued for debt settlements, insider participation, restricted share units, stock options, and related-party transaction treatment under Canadian securities rules.
Alaska Energy Metals (AKEMF) raised $355,170 in gross proceeds through its at-the-market equity program during the fiscal quarter ending September 30, 2026.
The company issued 6,214,000 common shares on the TSX-V at an average price of $0.057 per share under the program launched in February 2025. It paid Haywood Securities a commission of $10,266.12. Proceeds are being used for ongoing metallurgical studies, an assessment of mining-scenario options and general corporate purposes. The company plans to continue the program in the fourth quarter of 2026.
Alaska Energy Metals (AKEMF) has appointed Dr. Thomas Benson as an independent director and announced proposed restricted share unit arrangements. Benson is CEO of Lithium Africa and previously led exploration and resource development at lithium projects in Nevada and Argentina.
In connection with his appointment, Benson will be granted 500,000 restricted share units (RSUs), a form of equity compensation, subject to disinterested shareholder approval at the next annual general meeting in 2027 and TSX Venture Exchange acceptance.
The company also proposes changing the dates for 6,400,000 RSUs granted to certain directors in 2024. Vesting would move from October 4, 2026 to January 1, 2027, and expiry from October 4, 2026 to October 4, 2027. Both extensions require disinterested shareholder approval at the next annual general meeting and TSX Venture Exchange approval.
Alaska Energy Metals (AKEMF) has acquired 100% of the Canwell claim block at its Nikolai Nickel Project in Alaska.
The transfer follows completion of an option agreement under which the company paid a total of 7.0 million AEMC shares, US$500,000 in cash and a US$50,365 inflation adjustment, and exceeded a minimum exploration work commitment of US$3,200,000. The vendor is granted a 3% royalty, which may be bought out for US$9 million. The Canwell property comprises 49 State of Alaska mining claims covering 3,172 hectares, located about 30 km from the Eureka deposit in the Delta River Mining District.
In 2024, three drill holes totaling 1,048 m intersected ultramafic and mafic rocks with disseminated to net-textured sulfide mineralization, but no high-grade massive sulfides. The company states that these results support further drilling at Canwell.
Alaska Energy Metals (OTCQB:AKEMF, TSXV:AEMC) has completed a shares-for-debt settlement with certain arm's length creditors. The company issued 10,201,680 common shares at a deemed price of $0.05 per share, settling debt of CAD$510,084 (US$360,000) for services provided. The issued shares are subject to a four-month plus one day hold period under applicable securities laws and TSX Venture Exchange policies. The securities are not registered under the U.S. Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.
Alaska Energy Metals (OTCQB:AKEMF) has finalized plans for a core drilling program at the McBride prospect, part of its Angliers-Belleterre project in Quebec. The program comprises 8 drill holes totaling 2,125 meters to test geological, geophysical and geochemical targets coincident with copper-nickel-iron sulfide showings and VTEM anomalies.
The company has received an Authorization for impact-causing exploration work (ATI) from Quebec’s Ministry of Natural Resources and Forestry, with drill crew mobilization anticipated in mid-August 2026. Soil sampling and prospecting in 2024 defined multiple anomalous zones in copper, zinc, nickel, silver and gold, and rock samples returned notable concentrations, including 1,287 ppm copper and 2,433 ppm nickel. Independent SGS Laboratory handled sample preparation and ICP-MS analysis under ISO/IEC 17025 accreditation with QA/QC controls.
AEMC also reports it has withdrawn from the Bambino option within Angliers-Belleterre after reviewing survey results. The McBride drilling will be executed by Breakaway Exploration Management under Qualified Person supervision, while the company continues advancing its flagship Nikolai project in Alaska.
Alaska Energy Metals (OTCQB:AKEMF, TSX-V:AEMC) reports progress on permitting and field work for rehabilitating and extending the Rainy Creek Mining Trail to its Eureka nickel-rich, polymetallic deposit at the Nikolai Nickel Project, Alaska. Under the federal FAST-41 program, contractors will complete cultural resources surveys and additional wetland delineation along the proposed corridor in late July and August 2026. According to the company, federal and state permitting remains on the published FAST-41 schedule, with key US Army Corps of Engineers and Bureau of Land Management reviews targeted for late August 2026 and overall permitting decisions expected in late fall 2026. Upon permit receipt, construction of road upgrades, temporary bridges and camp infrastructure could start as early as winter 2026/2027. The company highlights the Eureka deposit’s 2025 Mineral Resource Estimate of 5.605 billion lbs indicated and 9.384 billion lbs inferred in-situ nickel, supporting its view of Eureka as a major domestic critical mineral resource.
Alaska Energy Metals (OTCQB:AKEMF, TSX-V:AEMC) announced plans to settle up to USD$360,000 (CAD$510,084) of accrued debt through issuing up to 10,201,680 common shares at a deemed price of CAD$0.05 per share to certain arm's length creditors.
The proposed debt settlement is subject to TSX Venture Exchange acceptance. All Debt Settlement Shares will carry a four‑month plus one day hold period from the date of issuance and will not be offered or sold in the United States without applicable registration or exemptions.
Alaska Energy Metals (OTCQB:AKEMF) reported positive locked cycle flotation test results from the Core Eureka Zone 2 (CEZ2) at its 100%-owned Nikolai nickel-copper-cobalt-PGE project in Alaska. The LCT-1 bulk concentrate achieved metal recoveries of 49.4% nickel, 50.5% copper, 21.0% cobalt, 49.1% platinum, 43.1% palladium and 43.9% gold, with concentrate grades of 7.22% Ni, 4.01% Cu and 0.30% Co.
A total of 506 g of concentrate, or 1.68% of feed mass, was produced, and de-sliming was determined unnecessary, which the company views as a potential flowsheet cost saving. Concentrates from two locked cycle tests will be shipped to Lifezone Metals for hydrometallurgical amenability testing. According to Alaska Energy Metals, these results allow completion of an internal economic analysis and may support a future Preliminary Economic Assessment for Nikolai, which hosts six U.S. Government-listed critical minerals.
Alaska Energy Metals (OTCQB:AKEMF, TSXV:AEMC) reported that in the fiscal quarter ending June 30, 2026, it issued 5,165,000 common shares on the TSX-V at an average price of $0.075 per share under its at-the-market equity program, raising gross proceeds of $387,703.90. A commission of $10,650.74 was paid to Haywood Securities. According to Alaska Energy Metals, proceeds fund metallurgical studies, mining options assessment, and general corporate purposes, and the company plans to continue the at-the-market program in the third quarter of 2026.
Alaska Energy Metals (OTCQB:AKEMF) reported progress at its Nikolai Nickel Project in Alaska, covering FAST‑41 permitting, metallurgy, US government engagement and tenure.
Key updates include road permitting on the Rainy Creek Mining Trail, advanced metallurgical testwork, a “MET” rating for Defense Production Act Title III funding, and steps to secure 100% ownership of the Canwell claim block.