Alaska Energy Metals

Highlights

Project Target

The Nikolai project hosts Ni-Cu-Co-Cr-PGE mineralization.

Several deposit types are possible:

• Disseminated Ni-Cu-Co-Cr-PGE mineralization in serpentinized ultramafic rocks (analogy = Crawford deposit, Canada)
• Massive sulfide Ni-Cu-PGE mineralization (analogy = Norilsk Mine, Russia)
• Remobilized high-grade Ni-Cu-PGE mineralization
• Volcanogenic Massive Sulfide (VMS – Besshi style) Cu (Zn-Pb) Au, Ag (analogy = Windy Craggy deposit, Canada)

Land Status

Two separate, adjacent claims blocks encompass the Nikolai project.

The Eureka claim block consists of 104 State of Alaska mining claims (6,734 hectares) and is 100% owned by Alaska Energy Metals.

The Canwell claim block consists of 42 State of Alaska mining claims (2,720 hectares), with an option to purchase 100% interest in the claims from the underlying owner. In total, the project covers 94.54 km2 (9,454 hectares).
Geology and Mineralization

The project is located within the underexplored Wrangellia Terrane of Central Alaska. A characteristic component of this terrane is the Nikolai Greenstone, an extensive sequence of low-grade metamorphosed Late Triassic flood basalt rocks. Mafic and ultramafic intrusions, the source for the Nikolai Greenstone, along with Permian and Cretaceous felsic plutons, intruded Permian volcanic and volcaniclastic rocks. Wrangellia holds high potential for the discovery of economic magmatic sulfide deposits containing nickel, copper, cobalt, platinum, palladium, iridium, rhodium, osmium, ruthenium, gold, silver, lead, and zinc. Past producing mines and known deposits within the Wrangellia include Kennecott Copper Mines, Windy Craggy, Wellgreen-Nickel Shaw, and White River.

After an initial discovery by Inco Ltd., in 1997, drilling by Pure Nickel Inc. and ITOCHU Corporation, between 2008 and 2013, resulted in the discovery of a >15km mineralized corridor (Eureka Zone) of disseminated Ni-Cu-PGE mineralization associated with serpentinized mafic and ultramafic rocks. Other exploration targets include massive sulfide Ni-Cu-PGE mineralization associated with mafic dikes cross-cutting the ultramafic sequence and remobilized high-grade Ni-Cu-PGE mineralization associated with Cretaceous intrusions. Additionally, Cu-Pb-Zn-Au-Ag mineralization has been discovered in volcaniclastic rocks that may be associated with volcanic massive sulfide mineralization.

Upcoming Exploration Program

Alaska Energy Metals has identified a zone of mineralization (1700m x 600m x 300m) at the Eureka Zone that contains potentially economic concentrations of nickel, copper, cobalt, platinum, palladium, and gold. Additionally, Alaska Energy Metals postulates that higher-grade mineralization may occur in embayment features at the base of the Eureka Zone, where heavy metals may accumulate during fractionation and crystallization of the ultramafic intrusion. Further drilling is warranted to confirm this hypothesis, along with in-fill drilling on the identified zone of mineralization with the goal of defining a NI 43-101/JORC compliant resource.

A complete data review of the Canwell claims is underway. Based on the results of this review, targets will be ranked based on current data. Additional geochemical and geophysical techniques may be conducted to prioritize drilling targets.

Read Complete Details

Gregory Beischer | CEO, President, and Director

B.Sc., Mining Engineering Technologist, Certified Professional Geologist AIPG #10505

Mr. Beischer is a seasoned explorationist with a solid track record of success, now leading the team at Alaska Energy Metals Corporation. As a founder of predecessor company Millrock Resources, he led the team that built a successful “Project Generator” company that attracted in excess of US$50 million in capital from major mining companies, junior explorers, and investors over a 15-year span. Previously with INCO Ltd., Mr. Beischer is highly knowledgeable on the geology of magmatic nickel-copper-platinum deposits.

Also, Mr. Beischer had a period of work with the Bristol Bay Native Corporation, where he forged connections across Alaska. He is a geologist and mining engineering technologist, having graduated from Laurentian University (1987), Sudbury, Ontario, and the Haileybury School of Mines (1981), Haileybury, Ontario, Canada. Mr. Beischer is a certified professional geologist (#10505) with the American Institute of Professional Geologists. Mr. Beischer is the past President of the Alaska Miner’s Association, sits on the Board of Alaska’s Resource Development Corporation, and serves on the Alaska Minerals Commission. He lives in Anchorage, Alaska.

Kyle Negri | Vice President – Exploration

B.S. Geology, Certified Professional Geologist AIPG #12191

Mr. Negri is an Alaskan geologist with more than 15 years of experience. Since receiving his education in Geology from the University of Alaska in 2010, he has grown through the ranks to become an accomplished director of field operations. Mr. Negri is experienced in planning and executing logistically challenging drilling campaigns and managing diverse teams that deliver exploration results. Through his extensive field experience, Mr. Negri has developed a wealth of practical exploration and mineral deposit knowledge. He is expert with data management, quality-assurance quality-control procedures, as well as computer targeting and modeling. Mr. Negri is a certified professional geologist (#12191) with the American Institute of Professional Geologists.

Dave Cross | Chief Financial Officer

CPA

Mr. Cross is a Chartered Professional Accountant (“CPA”) and is a co-founder of Cross Davis & Company, a CPA firm that has focused on providing accounting and management services to publicly listed companies since 2010. Mr. Cross started his career in 1997 with a Vancouver-based CPA firm. Mr. Cross has extensive knowledge and experience in the mining and mineral exploration sector.

Gabe Graf | Chief Geoscientist

B.S. Hydrology, M.S. Geology, MBA, Certified Professional Geologist AIPG #11889

Mr. Graf brings over 15 years of industry experience as an exploration and mining geologist. He has previously worked for Newmont Mining Corporation, Sumitomo Metal Mining Pogo, and Northern Star Resources Ltd. As the Exploration Superintendent of Sumitomo Metal Mining Pogo, his reinterpretation of CSAMT geophysics across the Goodpaster District resulted in new target generation concepts and led the exploration team to the discovery and delineation of the Goodpaster Deposit (2022 Maiden Resource: 3.2Mt @ 10.3g/t for 1.1M Au ounces) and the Central Lodes Deposit (2019 Maiden Resource: 2Mt @ 7.9g/t Au for 509k Au ounces). He graduated from the University of Wisconsin Oshkosh (2006) with a bachelor’s degree in Hydrology, a master’s degree in Economic Geology from the New Mexico Institute of Mining and Technology (2008), and an MBA from the University of Alaska Fairbanks (2018). Mr. Graf is a certified professional geologist (#11889) with the American Institute of Professional Geologists.

Traci Hartz | Vice President – Administration

Ms. Hartz is an experienced and dedicated land woman and administrative professional native to Alaska. She began her career in mining with Alaska Energy Metals Corporation’s predecessor Millrock Resources Inc. in 2011. Ms. Hartz has risen rapidly to become an expert in mineral land management and is well-versed in legal contracts. She ably handles all matters relating to tenure management, service contracts, employment, human resources, and office management. Ms. Hartz is actively involved in multiple committees with the Alaska Miners Association and is a member of the Alaska Association of Professional Landmen.

Janice Davies | Corporate Secretary

Ms. Davies is a highly experienced corporate secretary, having worked in office administration for more than 30 years. She obtained a diploma from the Sir George Williams University in Quebec as a business stenographer in 1974. She has extensive experience with mineral exploration and development companies and brings a broad knowledge of the public company mining sector, as well as strong office management skills and excellent corporate communications. Ms. Davies is a self-employed consultant and acts as an officer of several publicly traded companies listed on the Exchange.