RecycLiCo and Alaska Energy Metals Collaborate to Test Proprietary Processing Methods on the Polymetallic Eureka Deposit, Nikolai Nickel Project, Alaska

Alaska Energy Metals Corporation (AEMC) and RecycLiCo Battery Materials have begun laboratory testing of metal concentrate samples derived from drill core at AEMC's Eureka deposit. The testing is being conducted at RecycLiCo’s facility in Delta, British Columbia, to evaluate the viability of hydrometallurgical processing. This initiative fulfills a previously announced memorandum of understanding and follows positive locked-cycle flotation results reported in July 2026.

AEMC has joined Minerals for National Automotive Competitiveness (MINAC), a supply chain collaboration that includes RecycLiCo and Lucid, aimed at establishing domestic critical mineral processing. The Eureka deposit hosts seven U.S. Government-designated Critical Minerals, including nickel, cobalt, copper, chromium, platinum, palladium, and gold.

Alaska Energy Metals Corporation (AEMC) has commenced hydromet testing, an expected incremental step in its metallurgical work program designed to evaluate optimum extraction techniques for the bulk concentrate. This development aligns with the company’s prior guidance and represents routine execution of the announced work plan, with no new capital, production milestones, or material contract changes disclosed.

While the affiliation with MINAC and the partnership with RecycLiCo strengthen the strategic narrative around domestic supply chains, they do not de-risk the project's financial or operational timeline in the near term.

Alaska Energy Metals Corporation (AEMC) is an exploration-stage critical minerals company focused on the Nikolai Nickel Project in Alaska and the Angliers-Belleterre project in Quebec. Its flagship asset is the Eureka deposit, a polymetallic occurrence containing nickel, copper, cobalt, chromium, PGEs, gold, and iron.

The company’s 2025 Mineral Resource Estimate (MRE) for the Nikolai Nickel Project reports 5.605 billion pounds of in-situ nickel in the Indicated category, based on 1,190 million tonnes at 0.21% Ni, and 9.384 billion pounds in the Inferred category, based on 2,087 million tonnes at 0.20% Ni.

In August 2026, Alaska Energy Metals Corporation completed the acquisition of the Canwell claim block, adding 49 mining claims covering 3,172 hectares. This addition includes 2024 drilling that confirmed ultramafic/mafic intersections and disseminated sulfide mineralization.

At the Angliers-Belleterre project in Quebec, the company is planning an 8-hole, 2,125-meter drill program at the McBride prospect, targeting copper-nickel-iron sulfide showings.