Alaska Energy Metals (CA: AEMC.V) (USA: AKEMF) stands at the forefront of nickel exploration and development with its flagship Nikolai Project, a sprawling 9,454-hectare expanse strategically positioned on the southern flank of the Alaska Range. Boasting two claim blocks, Eureka and Canwell, this project is conveniently located near key infrastructure, benefitting from Alaska’s pro-resource development environment. Beyond nickel, Nikolai hosts a wealth of secondary minerals, including copper, cobalt, chrome, iron, platinum, palladium, and gold. Recent assessments showcase a remarkable 2.098 billion pounds of Nickel Equivalent, underscoring the project’s abundance.
In addition to the Nikolai Project, AEMC recently acquired the Angliers–Belleterre nickel-copper Project in Quebec. This project spans 24,182 hectares and further adds to the company’s impressive portfolio of base metal and polymetallic deposits. Together, these projects set the stage for Alaska Energy Metals’ debut/entrance into North America’s mainstream lithium-ion battery development market.
S&P Global expects that nickel demand, alongside lithium and cobalt, will be 23 times higher by 2035.
Nickel, primarily used in stainless steel, is a critical component of lithium-ion batteries, representing 80% and 33% of NCA and NMC batteries respectively.
NCA and NMC batteries make up more than 56% of all lithium-ion batteries used in North, South, and Central America.
The best thing about NMC batteries is their high energy density. Generally, NMC battery energy is 150-200 Wh/Kg.
75% of the world’s nickel is mined in China, Indonesia, New Caledonia, Philippines, and Russia; all non–free Trade countries.
The Nikolai Project
The Nikolai Project, Alaska Energy Metals’ flagship project, is a sprawling 9,454-hectare expanse, comprised of two block claims (The Eureka and Canwell blocks), and strategically positioned on the southern flank of the Alaska Range. Conveniently located near paved highways and gravel roads, the project is readily accessible from the City of Fairbanks, and the city of Delta Junction. What’s more, this project benefits from Alaska’s pro-resource development environment, featuring competitive taxation rates, making it a desirable jurisdiction for mineral exploration and mining development. But Nikolai isn’t just about nickel, as it also hosts a variety of secondary minerals, including copper, cobalt, chrome, iron, platinum, palladium, and gold.
Recent assessments, detailed in AEMC’s Mineral Resource Estimate (MRE), reveal an impressive total mass of 2.098 billion pounds of Nickel Equivalent (Ni Eq), underscoring the abundance and favorability of this project. The success of AEMC’s 2023 drilling campaign, has led to the engagement of industry-leading mining consultancy Stantec Consulting Services (Stantec), who will complete an updated MRE which promises a potentially significant boost in the project’s metal inventory in the near future. In all, Nikolai stands as a formidable asset for AEMC; one that could supply a significant, secure domestic supply of critical metals. The project contains a diverse array of highly sought-after minerals that position the company at the forefront of resource exploration and development.
The Eureka Zone
Spanning 6,734 hectares and boasting 104 State of Alaska mining claims, Eureka is a treasure trove containing economically significant deposits of domestic nickel, copper, cobalt, platinum, palladium, and gold, nestled within a vast mineralization zone. The documented strike extent is now 1,200. The deposits are typically more than 300m in width and have been drilled to a maximum depth extent of 600m. The Eureka Zone remains open in three directions.
In November 2023, AEMC published a maiden Mineral Resource Estimate (calculated by Stantec); an Inferred Resource that documented more than 1.5 billion pounds of contained nickel. During the summer of 2023, AEMC executed a drilling campaign across a portion of the expansive Eureka zone. Eight drill holes showcased remarkable consistency of mineralization along a 1.2 km stretch.
Now, AEMC is currently working with Stantec on an updated independent Mineral Resource Estimate, incorporating data from the eight new diamond drill holes, along with the historical drilling results. This is shaping up to be a large body of remarkably homogeneous, disseminated nickel sulfide mineralization with accessory metals that add substantial value to this project. Moreover, the mineral inventory is anticipated to grow quickly with further drilling, and soon, economic feasibility studies can begin. In all, the combined wealth of information encapsulated in its recent NI 43-101 Technical Report and the updated Mineral Resource Estimate will serve as pivotal catalysts highlighting the vast economic potential of this project.
The Canwell Prospect
The Canwell Prospect is a 2,720-hectare claim block within Alaska Energy Metals’ Nikolai Project, comprising 42 State of Alaska mining claims. What sets this project apart is its exceptionally high-grade surface showings; additionally, naturally receding glaciers at the upper elevations are continuously exposing new prospects. Notably, the historic drill intersection at CAN-01 showcases impressive mineralization: 5.2 meters @ 1.59% NiEq, encompassing nickel, copper, cobalt, gold, platinum, and palladium. Moreover, there is enrichment in rare and valuable platinum group elements like osmium and rhodium.
Lastly, recent comprehensive testing performed by Alaska Energy Metals, including surface sampling and advanced geophysical surveys, unveiled three high-potential drill prospects—Canwell, Odie, and Emerick. Within these zones, surface rock sample assays with concentrations exceeding 5% nickel and 5% copper were identified. These findings lay the foundation for an upcoming summer 2024 drilling campaign, promising to unveil the full extent of these high-grade mineral deposits.
Angliers–Belleterre Nickel-Copper Project, Quebec
The Angliers property is a vast expanse comprising 454 claims spread across 24,182 hectares in the Temiscamingue region of western Quebec, near the Ontario border. Easily accessible via paved highways and gravel roads, the town of Angliers anchors the northern end, while St. Eugene de Guiges marks the southern boundary. Beneath the surface lie komatiitic ultramafic flow rocks and differentiated gabbro rocks, part of the Archean volcanic stratigraphy of the Baby Group. This geological setting, identified as a mantle plume, has historically been associated with diverse base metal deposits, from magmatic nickel–copper to polymetallic volcanogenic massive sulfide deposits.
Backed by a recent “artificial intelligence” analysis and synthesis conducted by AEMC subsidiary 141BC, the Angliers project has unveiled promising potential along both the southern and northern mineralized trends. The geological characteristics, akin to the prolific Kambalda district in Australia, suggest the possible presence of high-grade massive sulfide deposits. The northern part of the claim block, marked by highly magnetic rocks, has been validated by Quebec government sampling, indicating anomalous nickel over a substantial six-kilometer trend.
Notably, Angliers isn’t just about magmatic nickel-copper deposits; it also holds promise for gold and polymetallic volcanogenic massive sulfide deposits. As Alaska Energy Metals Corporation compiles all available public data and gears up for targeted geophysical surveys, the stage is set for an exploration endeavor guided by cutting-edge insights, technological advancements, and an expert leadership team.
Greg Beischer | President, CEO & Director
Mr. Beischer is a seasoned explorationist at the forefront of Alaska Energy Metals Corporation’s dynamic team. As the mastermind behind the success of Millrock Resources, he spearheaded the development of a thriving “Project Generator,” securing an astounding US$50 million in capital from major mining entities, junior explorers, and astute investors over a remarkable 15-year span. What’s more, Mr.Beischer showcases unparalleled knowledge in the geology of magmatic nickel–copper–platinum deposits after working for INCO Ltd.
However, his impact extends beyond corporate achievements. During his tenure with the Bristol Bay Native Corporation, Mr. Beischer cultivated meaningful connections throughout Alaska, showcasing a commitment to community engagement and leading corporate citizenship. A distinguished geologist and mining engineering technologist, he is a laureate of Laurentian University and the Haileybury School of Mines. Certified as a professional geologist (#10505) by the American Institute of Professional Geologists, Mr. Beischer’s leadership extends to roles such as past President of the Alaska Miners Association and influential positions on the boards of Alaska’s Resource Development Corporation and the Alaska Minerals Commission. His legacy of success is a testament to his strategic prowess and unwavering commitment to the world of exploration.
Kyle Negri | Vice President of Exploration
Mr. Negri is an Alaskan geologist with over 15 years of expertise in the field. A proud graduate of the University of Alaska in 2010, he has ascended the professional ladder to become a highly accomplished director of field operations. Mr. Negri’s prowess lies in meticulously planning and executing logistically complex drilling campaigns while managing diverse teams that consistently deliver exceptional exploration results. His extensive field experience has endowed him with a profound understanding of practical exploration and mineral deposit intricacies.
Additionally, Mr. Negri excels in data management, quality assurance quality-control procedures, and cutting-edge computer targeting and modeling techniques. Recognized as a certified professional geologist (#12191) by the American Institute of Professional Geologists, Mr. Negri is a testament to geology excellence.
Gabe Graf | Chief Geoscientist
Mr. Graf is a highly experienced exploration and mining geologist with a remarkable 15-year track record. He has previously worked for industry giants like Newmont Mining Corporation, Sumitomo Metal Mining Pogo, and Northern Star Resources Ltd, and became the Exploration Superintendent of Sumitomo Metal Mining Pogo as well. There, Mr. Graf introduced a reinterpretation of CSAMT geophysics in the Goodpaster District that sparked new target generation concepts, leading to the discovery and delineation of the Goodpaster Deposit and the Central Lodes Deposit, both impressive maiden resources.
A proud alumnus of the University of Wisconsin Oshkosh (2006) and the New Mexico Institute of Mining and Technology (2008), Mr. Graf further fortified his knowledge with an MBA from the University of Alaska Fairbanks (2018). Certified as a professional geologist (#11889) by the American Institute of Professional Geologists, Mr. Graf is not just an expert; he is a trailblazer in reshaping the future of exploration and resource discovery.
Dave Cross | CFO
Mr. Cross is a distinguished Chartered Professional Accountant (CPA) and the co-founder of Cross Davis & Company. Since its inception in 2010, this dynamic CPA firm has been dedicated to delivering unparalleled accounting and management services to publicly listed companies. Mr. Cross, with a career that began in 1997 at a Vancouver-based CPA firm, brings a wealth of expertise to the forefront. His in-depth knowledge and extensive experience specifically shine in the complex realm of mining and mineral exploration.
Traci Hartz | Vice President of Administration
Ms. Hartz is a seasoned and dedicated Alaskan land manager and administrative professional, whose mining journey began with Alaska Energy Metals Corporation’s predecessor, Millrock Resources, in 2011. Over the years, she has ascended rapidly, emerging as an expert in mineral land management with a keen understanding of legal contracts. Ms. Hartz’s prowess extends to adeptly handling a spectrum of responsibilities, including tenure management, service contracts, employment, human resources, and office management. Actively engaged in multiple committees with the Alaska Miners Association, she is a valuable member of the Alaska Association of Professional Landmen, contributing her expertise to shaping industry standards.
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Declan holds a Bachelor of Commerce from the University of Alberta and has over 2 years of experience investing in financial markets.
As a value investor, Declan embraces the lessons of Warren Buffett and his disciples when making investing decisions. With an emphasis on business fundamentals, his strategy focuses on finding stocks with excellent management, a competitive advantage, and those that are selling at discount to their real value
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