1.9 C
Toronto
Tuesday, February 27, 2024

Alaska Energy Metals Files NI 43-101 Technical Report for the Eureka Property, Nikolai Nickel Project, Alaska, USA (TSX-V: AEMC, OTCQB: AKEMF)

Alaska Energy Metals President (TSX-V: AEMC, OTCQB: AKEMF)  (“AEMC” or “the Company”) is focused on delineating and developing a large polymetallic exploration target in Alaska containing nickel, copper, cobalt, chrome, iron, platinum, palladium, and gold. 

President & CEO Gregory Beischer commented: “Based on historical drilling, we have been able to document over 1.5 billion pounds of nickel in an Inferred Resource. With the drilling our company executed in the summer of 2023, the metal inventory should significantly increase. We are planning an aggressive drilling program in 2024 to expand the bulk tonnage resource further, and to explore high-grade deposits.

The Company has a 52-week hi lo of CDN0.17 to CDN0.67. Money’s been made and likely will be again. Average daily volume of 210k. Not too shabby.

The Nikolai Project; is a sulphide nickel and battery metal project with a multi-billion-pound nickel potential.

Eureka Zone: a sulphide nickel and battery metal project with a multi-billion-pound nickel potential.

Canwell Prospect: Exceptionally high-grade surface showings. Limited drilling on prospects. Very little exploration has been done and receding glaciers exposing more all the time.

Let’s review the supply-demand deets, markets, etc, that make AEMC a screaming prospect for a potential holding.

The Nikolai project is located 40 km northwest of the village of Paxson, on the southern flank of the Alaska Range. The claims are proximal to paved highways and a network of gravel roads and trails afford ready access to the Canwell claim block.

Let’s review the supply-demand deets, markets, etc that make AEMC a screaming prospect for a potential.

In the SDS (Sustainable Development Scenario) battery demand from EVs grows by nearly 40 times between 2020 (160 GWh) and 2040 (6 200 GWh). Overall demand for minerals under the base case assumptions grows by 3.0 times between 2020 and 2040, from 400 kt to 11 800 kt. In the STEPS, battery demand from EVs grows just 11 times to nearly 1 800 GWh in 2040, with demand for minerals growing ninefold to around 3 500 kt in 2040. 

d for minerals under the base case assumptions grows by 3.0 times between 2020 and 2040, from 400 kt to 11 800 kt. In the STEPS, battery demand from EVs grows just 11 times to nearly 1 800 GWh in 2040, with demand for minerals growing ninefold to around 3 500 kt in 2040. 

Even if you’re not a nickel fan—and enjoy lost opportunities–check out the gold and especially copper, which is touted to become HUGE in the next few years.

Eureka Zone East: 88.6 million tonnes grading 0.35% NiEq% containing:

471 million pounds of nickel

165 million pounds of copper

34 million pounds of cobalt

548,700 ounces of platinum, palladium, and gold

Eureka Zone West: 182.8 million tonnes grading 0.28% NiEq% containing:

1,080 million pounds of nickel

208 million pounds of copper

81 million pounds of cobalt

792,400 ounces of platinum, palladium, and gold.

This company is unique. It produces traditional, critical, and precious metals. Couple that with savvy management and it might suit your investment taste.

Not much more to say. I am considering snagging a bit.

Mr. Derek Loveday, P. Geo. of Stantec Consulting Services Inc. is the independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and has prepared, or supervised the preparation of, or has reviewed and approved, the scientific and technical data about the MRE and technical report.  Mr. Loveday declares he has read this press release and that the scientific and technical information relating to the resource estimate is correct.

Related Articles

Stay Connected
- Advertisement -spot_img

STOCK MONKEY

STOCK MINER

Latest Articles