Alaska Energy Metals Announces Non-brokered Private Placement of Units and Debt Settlement Transaction

Executive Summary

• Alaska Energy Metals Corp. announced a non‑brokered private placement of up to 11,764,706 units at $0.085 per unit, targeting gross proceeds of up to $1,000,000.
• The company also entered into share‑for‑debt agreements to settle $599,408.70 of outstanding service provider debt by issuing 5,994,087 common shares (including 191,670 settlement shares to non‑arm’s‑length parties).
• Net proceeds from the private placement will be used to fund exploration programs on its mineral properties and for general working capital.

Key Details

• Private Placement Structure
• Up to 11,764,706 units at $0.085 per unit → maximum gross proceeds of $1,000,000.
• Each unit = 1 common share + 1 warrant (right to purchase an additional share at $0.085 for 60 months).
• No minimum subscription amount; closing subject to regulatory approvals and standard conditions.

• Units subject to a statutory hold period of four months and one day.

• Use of Proceeds

• Fund exploration programs on the Nikolai multi‑critical mineral project and other properties.

• General and working capital purposes.

• Shares‑for‑Debt Settlement

• Total debt settled: $599,408.70.
• Issuance of 5,994,087 common shares at a deemed price of $0.10 per share.
• Of these, 191,670 settlement shares issued to non‑arm’s‑length parties to settle $19,167 of debt.

• Settlement shares also subject to a four‑month hold period and prospectus exemptions under Canadian law.

• Finder’s Fees

• Company may pay finder's fees to eligible arm’s‑length finders in accordance with TSXV policies.

• Board Approval

• Shares‑for‑debt transactions approved by the Board of Directors; no formal valuation or minority shareholder approval required per MI 61‑101.

Notable Quotes

“AEMC is sharply focused on advancing the Nikolai multi‑critical mineral project in order to timely meet the supply chain needs of the US domestic economy and national defense… We are thankful to the service suppliers that are willing to take an equity stake and help the Company conserve its cash resources.” – Gregory Beischer, President & CEO