Alaska Energy Metals Announces Shares For Debt Transaction And ATM Program Update

Rhea-AI Summary

Alaska Energy Metals (OTCQB:AKEMF, TSXV:AEMC) announced a debt-for-equity settlement and an update to its at-the-market (ATM) equity program.

The company agreed to issue 952,000 common shares at a deemed price of $0.10 per share to settle $95,200 of debt owed to certain insiders, subject to TSX Venture Exchange approval and a statutory four-month hold.

During the fiscal quarter ended September 30, 2025 the company sold 2,249,500 shares under its ATM at an average price of $0.0906, generating gross proceeds of $203,852.50 with $6,844.43 in commissions. Proceeds are designated for metallurgical studies, an options assessment for mining scenarios, and general corporate purposes.

Positive

• Debt settlement converts $95,200 into 952,000 shares
• ATM sales raised gross proceeds of $203,852.50
• ATM average sale price of $0.0906 per share
• Proceeds earmarked for metallurgical studies and mining assessment

Negative

• Issuance of 952,000 shares to insiders increases share count
• ATM issuance of 2,249,500 shares causes shareholder dilution
• Commissions of $6,844.43 paid to Haywood Securities

- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -

VANCOUVER, BC, BC / ACCESS Newswire / October 9, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") announces that it has entered into debt settlement agreements (the "Settlement Agreements") with certain insiders of the Company (the "Creditors") to settle an aggregate of $95,200 in debt (the "Debt") for services provided by the Creditors to the Company (the "Services"). In settlement and full satisfaction of the Debt in connection with the Services, the Company has agreed to issue to the Creditors an aggregate of 952,000 common shares in the capital of the Company (the "Debt Shares") at a deemed issue price of $0.10 per Debt Share (the "Debt Settlement").

The issuance of the Debt Shares is subject to receipt of TSX Venture Exchange ("TSX-V") approval. All Debt Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance of the Debt Shares in accordance with applicable securities legislation.

The issuance of the Debt Shares to the Creditors constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transaction ("MI 61-101") as the Creditors are directors and/or officers of the Company. The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the Debt Shares issued to the Creditors does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.

At-the-Market Program Update

The Company also announces that during the fiscal quarter ending September 30, 2025 it has issued a total of 2,249,500 AEMC common shares (each a "Share") on the TSX-V at an average price of $0.0906 per Share under its at-the-market equity program launched in February 2025. The sales provided gross proceeds of $203,852.50. Aggregate commissions of $6,844.43 was paid to Haywood Securities Inc. in relation to the distributions. Proceeds are being used for ongoing metallurgical studies, an options assessment for mining scenarios, and for general corporate purposes. The Company plans to continue with its at-the-market equity program in the fourth quarter of 2025.

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

Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation statements relating to the closing of the Debt Settlement as anticipated or at all, the TSX-V's approval of the Debt Settlement, and the Company's intention to continue with its at - the - Market equity program and use of proceeds from this program. 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 do not guarantee 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 but are not limited to uncertainty relating to the estimation of mineral resources, 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.

SOURCE: Alaska Energy Metals Corporation

View the original press release on ACCESS Newswire

FAQ

What did Alaska Energy Metals (AKEMF) agree to in the October 10, 2025 debt settlement?

The company agreed to issue 952,000 common shares at a deemed price of $0.10 per share to settle $95,200 of debt owed to certain insiders, subject to TSX-V approval.

How many shares did AKEMF sell under its ATM in Q3 2025 and what were the proceeds?

AKEMF sold 2,249,500 shares under its ATM at an average price of $0.0906, generating gross proceeds of $203,852.50.

What will AKEMF use the ATM proceeds for?

Proceeds are being used for metallurgical studies, an options assessment for mining scenarios, and for general corporate purposes.

Are the debt-settlement shares subject to resale restrictions for AKEMF?

Yes, all debt-settlement shares are subject to a statutory hold period of four months plus a day from issuance under applicable securities legislation.

Was the debt settlement a related-party transaction for AKEMF?

Yes, the issuance to creditors who are directors and/or officers constitutes a related party transaction and the company relied on MI 61-101 exemptions.

How much commission did AKEMF pay for ATM distributions in Q3 2025?

The company paid aggregate commissions of $6,844.43 to Haywood Securities in relation to the ATM distributions.