Alaska Energy Metals Finalizes Debt Settlement with Share Issuance

Alaska Energy Metals Corporation (AEMC) has successfully closed a debt settlement by issuing 10,201,680 common shares at $0.05 per share. This transaction addresses a total debt of CAD $510,084, equivalent to US $360,000, owed to various arm's length creditors for services rendered. The issued shares will be under a mandatory four-month hold period, adhering to applicable securities legislation and TSX Venture Exchange policies.

The shares are not registered under the US Securities Act of 1933 and are barred from being offered or sold in the US without registration or a suitable exemption. This strategic move bolsters AEMC’s financial standing, aligning with their commitment to deliver critical materials sustainably, while also supporting shareholder returns.

AEMC's flagship project, Nikolai, is located in Interior Alaska, aiming to be a key domestic source of strategic metals. The company emphasizes environmental responsibility and technological innovation in its operations.