- The sale of its shareholding in Felix Gold Ltd. (ASX: FXG) (“Felix Gold”), and
- The sale of its
Mexico subsidiary,Recursos Millrock S. de R.L. de C.V. (“Recursos Millrock”).
As a result of these sales, AEMC added non-dilutive capital to its balance sheet.
“We have strategically re-built our asset portfolio to enhance our long-term sustainability and maintain focus on our
The Company sold the Felix Gold shares it received in 2022 as partial payment for its gold projects in the
Mexico Subsidiary
The Company has completed the sale of its
For additional information, visit: https://alaskaenergymetals.com/
ABOUT
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
ON BEHALF OF THE BOARD
“Gregory Beischer”
FOR FURTHER INFORMATION, PLEASE CONTACT:
Toll-Free: 877-217-8978 | Local: 604-638-3164
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, but not limited to, a potential sale of royalties and other assets. 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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6f5e7abd-7468-45f2-b709-825668d5266d
Figure 1
Table of Royalties
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