Alaska Energy Metals Corporation announced a private placement to issue 2,275,000 units at an issue price of CAD 0.15 per Unit for gross proceeds of CAD 341,250 on July 11, 2024. Each Unit consists of one common share and one common share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one Share at a price of CAD 0.20 per Share for a period of three years following the date of issue.

The Company paid aggregate cash finder?s fees of approximately CAD 23,887 to a certain finder, being 7% of the gross proceeds raised by such finder. As additional compensation the Company issued an aggregate of 159,250 non-transferable broker warrants to such finder. Each Broker Warrant is exercisable for one Share at the exercise price of CAD 0.20 for a period of three years.

The securities issued under the Offering are subject to a four-month hold period expiring November 12, 2024, in accordance with securities laws.