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Alaska Energy Metals (AKEMF) has announced an at-the-market (ATM) offering of up to $10 million through an equity distribution agreement with Haywood Securities. The offering allows AEMC to sell common shares at market prices on the TSX Venture Exchange until November 30, 2026.
The company plans to use the net proceeds for several key initiatives at its Nikolai Project, including: completing metallurgical studies on the Eureka deposit, updating the Mineral Resource Estimate, performing internal economic and mine development analysis, and advertising the project to potential joint venture partners or strategic investors.
The offering is supported by a prospectus supplement dated January 31, 2025, to the company’s existing short form base shelf prospectus from November 1, 2024. The Common Shares have received conditional listing approval on the TSXV.
Alaska Energy Metals (AKEMF) ha annunciato un’offerta at-the-market (ATM) fino a 10 milioni di dollari attraverso un accordo di distribuzione di capitale con Haywood Securities. L’offerta consente ad AEMC di vendere azioni ordinarie a prezzi di mercato sulla Borsa TSX Venture fino al 30 novembre 2026.
L’azienda prevede di utilizzare i proventi netti per diverse iniziative chiave nel suo Progetto Nikolai, tra cui: completare studi metallurgici sul deposito Eureka, aggiornare la Stima delle Risorse Minerali, eseguire analisi economiche interne e di sviluppo minerario, e pubblicizzare il progetto a potenziali partner di joint venture o investitori strategici.
L’offerta è supportata da un’integrazione del prospetto datata 31 gennaio 2025, al prospetto base breve esistente dell’azienda risalente al 1 novembre 2024. Le azioni ordinarie hanno ricevuto approvazione conditionale per la quotazione sulla TSXV.
Alaska Energy Metals (AKEMF) ha anunciado una oferta en el mercado (ATM) de hasta 10 millones de dólares a través de un acuerdo de distribución de capital con Haywood Securities. La oferta permite a AEMC vender acciones comunes a precios de mercado en la Bolsa de Valores TSX Venture hasta el 30 de noviembre de 2026.
La compañía planea utilizar los ingresos netos para varias iniciativas clave en su Proyecto Nikolai, incluyendo: completar estudios metalúrgicos sobre el depósito Eureka, actualizar la Estimación de Recursos Minerales, realizar análisis económicos internos y de desarrollo minero, y publicitar el proyecto a posibles socios de joint venture o inversores estratégicos.
La oferta está respaldada por un suplemento de prospecto fechado el 31 de enero de 2025, al prospecto base corto existente de la empresa del 1 de noviembre de 2024. Las acciones comunes han recibido aprobación condicional para listar en la TSXV.
알래스카 에너지 메탈스 (AKEMF)는 Haywood Securities와의 자본 배급 계약을 통해 1천만 달러까지의 시장 내 공모(ATM)를 발표했습니다. 이 공모는 AEMC가 2026년 11월 30일까지 TSX 벤처 거래소에서 시장 가격으로 보통주를 판매할 수 있도록 허용합니다.
회사는 니콜라이 프로젝트의 여러 주요 이니셔티브를 위해 순수익을 사용할 계획이며, 여기에는 유레카 광상에 대한 금속 시험 연구 완료, 광물 자원 추정 업데이트, 내부 경제 및 광산 개발 분석 수행, 잠재적인 합작 투자 파트너 또는 전략적 투자자에게 프로젝트 홍보하기 등이 포함됩니다.
이 공모는 2025년 1월 31일자 유인물 보충에 의해 지원되며, 이는 2024년 11월 1일의 기존 단기 기초 선반 유인물에 해당합니다. 보통주는 TSXV에서 조건부 상장 승인을 받았습니다.
Alaska Energy Metals (AKEMF) a annoncé une offre sur le marché (ATM) allant jusqu’à 10 millions de dollars par le biais d’un accord de distribution d’équité avec Haywood Securities. L’offre permet à AEMC de vendre des actions ordinaires à des prix de marché sur la Bourse TSX Venture jusqu’au 30 novembre 2026.
La société prévoit d’utiliser les bénéfices nets pour plusieurs initiatives clés dans son projet Nikolai, y compris : compléter des études métallurgiques sur le gisement Eureka, mettre à jour l’estimation des ressources minérales, effectuer des analyses économiques internes et de développement minier, et faire la promotion du projet auprès de partenaires de coentreprise potentiels ou d’investisseurs stratégiques.
L’offre est soutenue par un supplément de prospectus daté du 31 janvier 2025, au prospectus de base existant de la société daté du 1er novembre 2024. Les actions ordinaires ont reçu une approbation conditionnelle pour la cotation sur la TSXV.
Alaska Energy Metals (AKEMF) hat ein At-the-Market (ATM) Angebot von bis zu 10 Millionen Dollar durch eine Eigenkapitalverteilungsvereinbarung mit Haywood Securities angekündigt. Das Angebot ermöglicht es AEMC, bis zum 30. November 2026 Stammaktien zu Marktpreisen an der TSX Venture Exchange zu verkaufen.
Das Unternehmen plant, die Nettomittel für mehrere wichtige Initiativen im Nikolaiprojekt zu verwenden, darunter: die Durchführung metallurgischer Studien zum Eureka-Lager, die Aktualisierung der Mineralressourcenschätzung, die Durchführung interner wirtschaftlicher und bergbaulicher Analysen und die Werbung für das Projekt bei potenziellen Joint-Venture-Partnern oder strategischen Investoren.
Das Angebot wird durch einen Prospektnachtrag vom 31. Januar 2025 unterstützt, der dazu dient, den bestehenden Kurzform-Grundprospekt des Unternehmens vom 1. November 2024 zu ergänzen. Die Stammaktien haben eine bedingte Zulassung zur Listung an der TSXV erhalten.
Positive
- Secured up to $10 million in potential funding through ATM offering
- Received conditional TSXV listing approval for the offering shares
- Flexible timing and volume control over share issuance until November 2026
Negative
- Potential dilution of existing shareholders through new share issuance
- Share price may be pressured by ongoing market-price-based stock sales
NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
VANCOUVER, BC / ACCESS Newswire / January 31, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) (“AEMC” or the “Company“) today announced that it has entered into an equity distribution agreement dated January 31, 2025 (the “Distribution Agreement“) with Haywood Securities Inc. (“Haywood” or the “Agent“). Under the Distribution Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the Distribution Agreement, to sell, through Haywood, as sole and exclusive placement agent, such number of common shares of the Company (the “Common Shares“) having an aggregate gross sales price of up to $10 million (the “ATM Offering“). Sales of the Common Shares will be made through “at-the-market distributions”, as defined in National Instrument 44-102 – Shelf Distributions, directly on the TSX Venture Exchange (the “TSXV“) or, if any, other recognized Canadian “marketplace” within the meaning of National Instrument 21-101 – Marketplace Operations where the Common Shares are listed, quoted or otherwise traded. The volume and timing of distributions under the ATM Offering, if any, will be determined in the Company’s sole discretion. The Common Shares will be distributed at market prices or prices related to prevailing market prices from time to time. As a result, prices of the Common Shares sold under the ATM Offering will vary as between purchasers and during the period of distribution. The ATM Offering will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Offering and November 30, 2026, unless terminated prior to such date by the Company or the Agent in accordance with the terms of the Distribution Agreement.
Distributions of the Common Shares under the ATM Offering will be made and qualified by way of a prospectus supplement dated January 31, 2025 (the “Prospectus Supplement“) to the Company’s existing short form base shelf prospectus (the “Base Shelf Prospectus“) dated November 1, 2024. The Prospectus Supplement has been filed with the securities commissions in all provinces and territories of Canada. The Prospectus Supplement (together with the related Base Shelf Prospectus) is available on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca. Alternatively, the Company or Haywood will send the Prospectus Supplement (including the Base Shelf Prospectus) upon request. Such requests may be made by sending an email to Haywood at ecm@haywood.com.
The Company intends to use the net proceeds of the ATM Offering to complete metallurgical studies on the Eureka deposit, update the Mineral Resource Estimate for the Eureka deposit and to perform internal economic and options analysis of mine development at the Nikolai Project. Proceeds will also be used to advertise the Nikolai Project to potential joint venture partners or strategic investors and to assist potential partners with due diligence reviews.
The Common Shares that may be issued under the ATM Offering have been conditionally approved for listing on the TSXV.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
The securities being 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 in the U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 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 energy-related metals for North America. AEMC also holds a secondary project, ‘Angliers-Belleterre,’ in western Quebec. Today, material sourcing demands excellence in environmental performance, 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: 604-638-3164
Sarah Mawji, Public Relations
Venture Strategies
Email: sarah@venturestrategies.com
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 sales of Common Shares under the Distribution Agreement, the amount of proceeds and the use of proceeds from such sales. 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 are not guaranteeing of 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 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 is the maximum value of AKEMF’s new ATM offering announced on January 31, 2025?
Alaska Energy Metals’ ATM offering has a maximum aggregate gross sales price of up to $10 million.
How long will AKEMF’s ATM offering remain active?
The ATM offering will remain active until either all shares are sold or November 30, 2026, whichever comes first, unless terminated earlier by the company or the Agent.
What will AKEMF use the ATM offering proceeds for?
The proceeds will be used for metallurgical studies on the Eureka deposit, updating the Mineral Resource Estimate, performing economic analysis of mine development at the Nikolai Project, and attracting potential joint venture partners.
Who is the placement agent for AKEMF’s ATM offering?
Haywood Securities Inc. is serving as the sole and exclusive placement agent for the ATM offering.
Where will AKEMF’s ATM offering shares be traded?
The shares will be traded through at-the-market distributions on the TSX Venture Exchange (TSXV) or other recognized Canadian marketplaces where the Common Shares are listed.
