Alaska Energy Metals Reports on At - The - Market Equity Financing Program
Rhea-AI Summary
Alaska Energy Metals Corporation (AKEMF) has provided an update on its at-the-market (ATM) equity financing program for Q1 2025. The company issued 4,581,000 common shares at an average price of $0.113 per share, generating gross proceeds of $515,724.51. A commission of $13,675.65 was paid to Haywood Securities Inc. The funds will be used for metallurgical studies, mining scenario assessments, and general corporate purposes. The company plans to continue the ATM program in Q2 2025.
Positive
- Successfully raised $515,724.51 through ATM program for operational activities
- Funds secured for important metallurgical studies and mining assessments
- Company demonstrates ability to access capital markets
Negative
- Share dilution through issuance of 4,581,000 new shares
- Low share price of $0.113 indicates challenging market conditions
- Additional dilution likely as ATM program continues in Q2 2025
News Market Reaction – AKEMF
On the day this news was published, AKEMF declined 2.14%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / May 14, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") announces that during the fiscal quarter ending March 31, 2025 it has issued a total of 4,581,000 AEMC common shares (each a "Share") on the TSX-V at an average price of
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, that it will 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
How much did Alaska Energy Metals (AKEMF) raise in their Q1 2025 ATM program?
What is the purpose of AKEMF's ATM equity financing program?
How many shares did Alaska Energy Metals (AKEMF) issue in Q1 2025?
Will Alaska Energy Metals continue its ATM program in Q2 2025?
