Alaska Energy Metals Announces Successful Completion of Unit Offering
**Vancouver, BC – [Date]** – Alaska Energy Metals Corporation (TSXV: AEMC) today announced the successful closing of its previously announced offering of units. The company has raised gross proceeds of CAD $1,917,450 through the issuance of 19,174,500 units at a price of $0.10 per unit. Each unit consists of one common share of the company and one common share purchase warrant.
The warrants are exercisable at a price of $0.15 per share for a period of 36 months following the closing date of the offering. In connection with the offering, the company paid a cash commission of $73,800 and issued 738,000 broker warrants, each exercisable at $0.10 for a period of 36 months.
The net proceeds from this offering are earmarked for advancing the company’s flagship project, the Untamed copper-gold deposit located in the heart of the Tintina Belt in Alaska. This strategic infusion of capital will be instrumental in accelerating the project’s development, particularly in the areas of expanded drilling programs, metallurgical testing, and preliminary economic assessments.
Alaska Energy Metals has been diligently working to unlock the full potential of the Untamed deposit, which has already demonstrated significant copper and gold mineralization. The company’s geological team has been focused on delineating the extent and grade of the deposit, with a view to establishing a robust resource estimate that can support future mining operations.
The Tintina Belt is globally recognized for its rich endowment of precious and base metals, hosting numerous world-class deposits. Alaska Energy Metals’ strategic positioning within this prolific geological province provides a strong foundation for exploration success. The Untamed project, in particular, benefits from its proximity to established infrastructure, including accessible roads and potential power sources, which can significantly reduce development costs and timelines.
This latest financing round underscores the market’s confidence in Alaska Energy Metals’ exploration strategy and the inherent value of the Untamed project. The company’s management team, with their extensive experience in mineral exploration and project development, is well-positioned to leverage these new funds to create substantial shareholder value. Future exploration efforts will likely focus on expanding the known mineralized zones and identifying new targets within the broader Untamed property, aiming to further enhance the project’s economic viability and appeal to potential strategic partners or off-takers.
The successful closing of this offering represents a pivotal moment for Alaska Energy Metals, providing the necessary resources to execute its ambitious growth plans and solidify its position as a key player in the exploration and development of critical mineral assets.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/16801.html
