Alaska Energy Metals Announces Issuance Of Shares For Debt Settlements

Rhea-AI Summary

Alaska Energy Metals (OTCQB:AKEMF) issued 6,921,087 common shares at $0.10 per share to settle debts totalling $599,408.70 on December 15, 2025. A total of 1,118,670 of those shares were issued to non-arm's-length parties to settle $111,867.00 of indebtedness.

The Settlement Shares were issued under prospectus exemptions and are subject to a four-month hold period expiring on April 10, 2026. The board approved the Debt Settlements with the director who received shares abstaining from approval of their own indebtedness. The company did not file a material change report ≥21 days before closing, citing expedient closing to improve its statement of financial position.

Positive

• Converted $599,408.70 of debt into equity
• Reduced near-term cash outflows by settling creditors with shares
• Board approved the Debt Settlements with required abstention for interested director

Negative

• Issued 6,921,087 new shares, creating shareholder dilution
• Issued 1,118,670 shares to non-arm's-length parties totaling $111,867.00
• Did not file a material change report ≥21 days before close

VANCOUVER, BC / ACCESS Newswire / December 15, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("Alaska Energy Metals" "AEMC," or the "Company") announces that, further to its news releases of October 7, 2025 and October 9, 2025, it has issued a total of 6,921,087 common shares (the "Settlement Shares") at a price of $0.10 per Settlement Share to persons that have supplied services to the Company (the "Creditors") in settlement of debts owed by the Company to the Creditors in the total amount of $599,408.70 (the "Debt Settlements").

A total of 1,118,670 Settlement Shares were issued to Non-Arm's Length Parties (as that term is defined in TSXV policy 1.1 Interpretation) to settle debts in the total amount of $111,867.00.

The Settlement Shares were issued subject to prospectus exemptions available pursuant to Canadian securities law and are subject to a four-month hold period expiring on April 10, 2026.

The Debt Settlements were approved by the Company's Board of Directors, with the director who agreed to accept Settlement Shares in settlement of a portion of the amount owed by the Company to the director having abstained to the extent such approval related to the director's indebtedness, and did not require a formal valuation nor minority shareholder approval pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders In Special Transactions. The Company did not file a material change report concerning the Debt Settlements at least 21 days before the date of closing of the Debt Settlements as the Company wished to close the Debt Settlements and improve its statement of financial position as soon as practicable, which the Company deemed reasonable as closing could occur only after TSX Venture Exchange acceptance of the Debt Settlements had been received.

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
907-677-7479

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

How many shares did Alaska Energy Metals (AKEMF) issue to settle debts on December 15, 2025?

The company issued 6,921,087 common shares to settle debts on that date.

What was the total dollar value of the debt settled by Alaska Energy Metals (AKEMF)?

Debt settlements converted a total of $599,408.70 of obligations into shares.

How many AKEMF shares were issued to non-arm's-length parties and for what amount?

The company issued 1,118,670 shares to non-arm's-length parties to settle $111,867.00 of debt.

When do the Settlement Shares issued by AKEMF become tradable?

The Settlement Shares are subject to a four-month hold period expiring on April 10, 2026.

Did Alaska Energy Metals (AKEMF) get board approval for the debt-for-equity settlements?

Yes; the board approved the Debt Settlements and the director who received shares abstained from approval relating to their own indebtedness.

Why did AKEMF not file a material change report at least 21 days before closing?

The company said it wished to close the Debt Settlements promptly to improve its statement of financial position, which it deemed reasonable after Exchange acceptance.