What debt amount did Alaska Energy Metals (AKEMF) settle through share issuance?

Alaska Energy Metals settled debt of CAD$510,084 (US$360,000) through issuing new shares. According to Alaska Energy Metals, the debt related to services provided by arm's length creditors and was exchanged for shares priced at $0.05 each.

Alaska Energy Metals Announces Closing of Shares for Debt Settlement

Q: What did Alaska Energy Metals (AKEMF) announce on August 11, 2026?

Alaska Energy Metals announced it settled debt by issuing 10,201,680 common shares at $0.05 per share. According to Alaska Energy Metals, this shares-for-debt transaction extinguishes CAD$510,084 (US$360,000) owed for services provided by arm's length creditors.

Q: How many shares did Alaska Energy Metals issue in its 2026 shares-for-debt settlement?

Alaska Energy Metals issued 10,201,680 common shares to creditors as part of a debt settlement. According to Alaska Energy Metals, these shares were issued at a deemed price of $0.05 per share to settle CAD$510,084 of service-related debt.

Q: Will the new Alaska Energy Metals shares from the debt settlement be subject to a hold period?

Yes, the new shares are subject to a four-month plus one day hold period . According to Alaska Energy Metals, this restriction follows applicable securities legislation and TSX Venture Exchange policies from the date the shares were issued.

Q: What is the impact of Alaska Energy Metals’ shares-for-debt deal on existing AKEMF shareholders?

The deal increases Alaska Energy Metals’ share count by 10,201,680 shares , diluting existing holders. According to Alaska Energy Metals, this dilution occurs in exchange for eliminating CAD$510,084 of debt related to services previously provided.

Rhea-AI Impact

(High)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

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.

Positive

CAD$510,084 in debt settled through share issuance
Settlement completed at a deemed price of $0.05 per share
No cash outlay required to satisfy US$360,000 of service-related debt

Negative

Existing shareholders diluted by issuance of 10,201,680 new common shares

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/11/2026 - 01:00 AM

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

VANCOUVER, BC / ACCESS Newswire / August 11, 2026 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") is pleased to announce, further to its news release of July 23, 2026, that it has issued 10,201,680 common shares in the capital of the Company (the "Shares") at a deemed price of $0.05 per Share to certain arm's length creditors (the "Creditors") in settlement of debt in the amount of CAD$510,084 (US $360,000) (the "Shares for Debt Settlement") for services provided to the Company by the Creditors.

All the Shares to be issued in connection with the Shares for Debt Settlement will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issuance, in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as those terms are defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

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

ABOUT ALASKA ENERGY METALS

Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders.

AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Nikolai Project Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. Located in Interior Alaska near existing transportation and power infrastructure, its flagship project, Nikolai, is well-situated to become a significant domestic source of strategic metals for North America. AEMC also holds a secondary project in western Quebec; the Angliers - Belleterre project. Today, material sourcing demands excellence in environmental performance, technological innovation, carbon mitigation and the responsible management of human and financial capital. AEMC works every day to earn and maintain the respect and confidence of the public and believes that ESG performance is measured by action and led from the top.

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: 604-609-7149

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.

SOURCE: Alaska Energy Metals Corp.

View the original press release on ACCESS Newswire

FAQ

What did Alaska Energy Metals (AKEMF) announce on August 11, 2026?

Alaska Energy Metals announced it settled debt by issuing 10,201,680 common shares at $0.05 per share. According to Alaska Energy Metals, this shares-for-debt transaction extinguishes CAD$510,084 (US$360,000) owed for services provided by arm's length creditors.

How many shares did Alaska Energy Metals issue in its 2026 shares-for-debt settlement?

Alaska Energy Metals issued 10,201,680 common shares to creditors as part of a debt settlement. According to Alaska Energy Metals, these shares were issued at a deemed price of $0.05 per share to settle CAD$510,084 of service-related debt.

Will the new Alaska Energy Metals shares from the debt settlement be subject to a hold period?

Yes, the new shares are subject to a four-month plus one day hold period. According to Alaska Energy Metals, this restriction follows applicable securities legislation and TSX Venture Exchange policies from the date the shares were issued.

Can the shares issued in Alaska Energy Metals’ 2026 debt settlement be sold in the United States?

No, the issued securities cannot be offered or sold in the United States without registration or an exemption. According to Alaska Energy Metals, the shares are not registered under the U.S. Securities Act of 1933 or applicable state securities laws.

What is the impact of Alaska Energy Metals’ shares-for-debt deal on existing AKEMF shareholders?

The deal increases Alaska Energy Metals’ share count by 10,201,680 shares, diluting existing holders. According to Alaska Energy Metals, this dilution occurs in exchange for eliminating CAD$510,084 of debt related to services previously provided.