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Alaska Energy Metals Files Updated NI 43-101 Technical Report for The Eureka Deposit, Nikolai Nickel Project, Alaska, USA

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Alaska Energy Metals (AKEMF) has filed an updated NI 43-101 Technical Report for its Eureka Deposit at the Nikolai Nickel Project in Alaska. The 2025 Mineral Resource Estimate shows significant increases, with Indicated resources rising 46% to 1,190 million tonnes at 0.30% NiEq, and Inferred resources increasing 133% to 2,087 million tonnes at 0.28% NiEq.

The report now includes chromium and iron resources, adding 7.88 billion pounds of chromium and 117 million tonnes of iron to Indicated resources, and 12.29 billion pounds of chromium and 205 million tonnes of iron to Inferred resources. The Central Eureka Zone 2 contains a higher-grade core with 225 million tonnes of Indicated resources at 0.39% NiEq and 246 million tonnes of Inferred resources at 0.36% NiEq.

Alaska Energy Metals (AKEMF) ha presentato un aggiornamento del Rapporto Tecnico NI 43-101 relativo al suo deposito Eureka nel progetto Nikolai Nickel in Alaska. La stima delle risorse minerarie per il 2025 mostra aumenti significativi, con le risorse indicate in crescita del 46% a 1.190 milioni di tonnellate con un tenore di 0,30% NiEq, e le risorse inferite che aumentano del 133% a 2.087 milioni di tonnellate con un tenore di 0,28% NiEq.

Il rapporto ora include anche le risorse di cromo e ferro, aggiungendo 7,88 miliardi di libbre di cromo e 117 milioni di tonnellate di ferro alle risorse indicate, e 12,29 miliardi di libbre di cromo e 205 milioni di tonnellate di ferro alle risorse inferite. La Central Eureka Zone 2 contiene un nucleo a tenore più elevato con 225 milioni di tonnellate di risorse indicate al 0,39% NiEq e 246 milioni di tonnellate di risorse inferite al 0,36% NiEq.

Alaska Energy Metals (AKEMF) ha presentado un informe técnico actualizado NI 43-101 para su depósito Eureka en el Proyecto Nikolai Nickel en Alaska. La estimación de recursos minerales para 2025 muestra aumentos significativos, con los recursos indicados aumentando un 46% hasta 1.190 millones de toneladas con un 0,30% de NiEq, y los recursos inferidos incrementándose un 133% hasta 2.087 millones de toneladas con un 0,28% de NiEq.

El informe ahora incluye recursos de cromo y hierro, sumando 7.880 millones de libras de cromo y 117 millones de toneladas de hierro a los recursos indicados, y 12.290 millones de libras de cromo y 205 millones de toneladas de hierro a los recursos inferidos. La Zona Central Eureka 2 contiene un núcleo de mayor ley con 225 millones de toneladas de recursos indicados al 0,39% NiEq y 246 millones de toneladas de recursos inferidos al 0,36% NiEq.

Alaska Energy Metals (AKEMF)는 알래스카 Nikolai Nickel 프로젝트의 Eureka 광상에 대한 최신 NI 43-101 기술 보고서를 제출했습니다. 2025년 광물 자원 추정치는 크게 증가했으며, 확인 자원은 46% 증가하여 0.30% NiEq의 함량으로 11억 9천만 톤에 달하고, 추정 자원은 133% 증가하여 20억 8천 7백만 톤에 0.28% NiEq의 함량을 기록했습니다.

이번 보고서에는 크롬과 철 자원도 포함되어, 확인 자원에 78억 8천만 파운드의 크롬과 1억 1천 7백만 톤의 철이 추가되었고, 추정 자원에는 122억 9천만 파운드의 크롬과 2억 500만 톤의 철이 포함되었습니다. Central Eureka Zone 2는 0.39% NiEq의 함량을 가진 2억 2천 5백만 톤의 확인 자원과 0.36% NiEq의 함량을 가진 2억 4천 6백만 톤의 추정 자원으로 구성된 고품위 핵심 구역입니다.

Alaska Energy Metals (AKEMF) a déposé un rapport technique NI 43-101 mis à jour pour son gisement Eureka au projet Nikolai Nickel en Alaska. L'estimation des ressources minérales pour 2025 montre des augmentations significatives, avec des ressources indiquées en hausse de 46 % à 1,19 milliard de tonnes à 0,30 % NiEq, et des ressources présumées en augmentation de 133 % à 2,087 milliards de tonnes à 0,28 % NiEq.

Le rapport inclut désormais les ressources en chrome et en fer, ajoutant 7,88 milliards de livres de chrome et 117 millions de tonnes de fer aux ressources indiquées, ainsi que 12,29 milliards de livres de chrome et 205 millions de tonnes de fer aux ressources présumées. La zone Central Eureka 2 contient un cœur à teneur plus élevée avec 225 millions de tonnes de ressources indiquées à 0,39 % NiEq et 246 millions de tonnes de ressources présumées à 0,36 % NiEq.

Alaska Energy Metals (AKEMF) hat einen aktualisierten NI 43-101 Technischen Bericht für das Eureka-Lagerstätten im Nikolai Nickel Projekt in Alaska eingereicht. Die Mineralressourcenschätzung 2025 zeigt deutliche Zuwächse, wobei die angezeigten Ressourcen um 46 % auf 1,19 Milliarden Tonnen mit 0,30 % NiÄquivalent steigen und die abgeleiteten Ressourcen um 133 % auf 2,087 Milliarden Tonnen mit 0,28 % NiÄquivalent zunehmen.

Der Bericht enthält jetzt auch Chrom- und Eisenressourcen, die den angezeigten Ressourcen 7,88 Milliarden Pfund Chrom und 117 Millionen Tonnen Eisen hinzufügen, sowie den abgeleiteten Ressourcen 12,29 Milliarden Pfund Chrom und 205 Millionen Tonnen Eisen. Die Central Eureka Zone 2 enthält einen höhergradigen Kern mit 225 Millionen Tonnen angezeigten Ressourcen bei 0,39 % NiÄquivalent und 246 Millionen Tonnen abgeleiteten Ressourcen bei 0,36 % NiÄquivalent.

Positive
  • Significant resource increase: Indicated +46%, Inferred +133%
  • Addition of chromium and iron resources enhances project value
  • Higher-grade core identified in Central Eureka Zone 2
  • Project contains seven critical minerals strategic to US supply chain
  • 100% ownership of the property
Negative
  • Relatively low nickel equivalent grades (0.28-0.30% NiEq)
  • Metallurgical studies and economic analysis still pending

2025 Mineral Resource Estimate for Eureka Deposit Significantly Increases Tonnage, Metal Content and Grade

Findings Align With U.S. Government Effort to Strengthen Critical Mineral Supply Chains

VANCOUVER, BC / ACCESS Newswire / April 22, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") is pleased to announce that it has filed an Updated National Instrument 43-101 Technical Report (the "Technical Report" or the "Report") on SEDAR+ for its 100% owned Eureka Property, Nikolai Nickel Project in Alaska, USA.

With the Nikolai deposit hosting seven Critical Minerals, two of which are Defense Production Act Title III materials "essential for the national defense," the announcement aligns with a series of U.S. presidential executive orders to strengthen U.S. critical mineral supply chains, including EO 14241 "Immediate Measures to Increase American Mineral Production" and EO 14153 entitled "Unleashing Alaska's Tremendous Resource Potential."

Highlights of the Updated Technical Report and Mineral Resource Estimate include:

  • The new Eureka deposit Mineral Resource Estimate ("2025 MRE") has increased the tonnage, metal content, and grade, relative to the 2024 Mineral Resource Estimate, dated February 12, 2024

    • In situ Indicated resource contains 1,190 million tonnes at a grade of 0.30% NiEq (0.42% NiEq including chromium and iron), a 46% increase in tonnage.

    • In situ Inferred resource contains 2,087 million tonnes at a grade of 0.28% NiEq (0.39% NiEq including chromium and iron), a 133% increase in tonnage.

  • Chromium and iron have been included in the 2025 MRE. 7.88 billion pounds of chromium and 117 million tonnes of iron are added to the in situ Indicated resource (1,190 million tonnes grading 0.30% chromium and 9.87% iron). 12.29 billion pounds of chromium and 205 million tonnes of iron are added to the in situ Inferred resource (2,087 million tonnes grading 0.27% chromium and 9.80% iron).

  • The Eureka Zone 2 ("EZ2"), within the Central Eureka deposit, contains an in situ Indicated resource of 818 million tonnes at a grade of 0.32% NiEq (0.44% NiEq with chromium and iron) and an in situ Inferred resource of 951 million tonnes at a grade of 0.31% NiEq (0.42% NiEq with chromium and iron).

  • The Central Eureka Zone 2 ("CEZ2"), a subset of the Central Eureka EZ2 deposit, now has continuity along ~ 2.5 km of strike length. This higher-grade core contains an in situ Indicated resource of 225 million tonnes at a grade of 0.39% NiEq (0.52% NiEq including chromium and iron) and an in situ Inferred resource of 246 million tonnes at a grade of 0.36% NiEq (0.48% NiEq including chromium and iron).

The Report titled "Nikolai Project Mineral Resource Estimate 2025 Update" is dated April 21st, 2025 and supports the disclosure made by the company in its March 10th, 2025 press release titled "Alaska Energy Metals Announces Major Increases in Mineral Resource Estimate, Nikolai Nickel Project, Alaska, USA."

The Independent MRE and Updated Technical Report were prepared by Stantec Consulting Services, Inc. in accordance with National Instrument 43-101 regulations. The Report can be found under the Company's profile on SEDAR+ (www.sedarplus.ca) and on Alaska Energy Metals website (www.alaskaenergymetals.com).

Alaska Energy Metals President & CEO Gregory Beischer commented: "The updated Mineral Resource Estimate shows a very substantial increase in tonnage and metal content. Nikolai represents the largest accumulation of nickel in the United States and contains six other critical and strategic metals. With the Trump Administration moving to strengthen U.S. Critical Mineral supply chains as a key policy priority, the deposit may prove to be very valuable to the United States as a secure, domestic source of these metals. The next steps for the Company are completion of metallurgical studies followed by economic analysis, and we expect to complete these studies in the coming months."

QUALIFIED PERSON

Mr. Erik Langenfeld 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 pertaining to the MRE and technical report. Mr. Langenfeld declares he has read this press release and that the scientific and technical information relating to the resource estimate are correct.

Gabriel Graf, the Company's Chief Geoscientist, is the qualified person, as defined under NI 43-101 having reviewed and approved of all other scientific and technical information contained in this news release.

For additional information, visit: https://alaskaenergymetals.com/

ABOUT ALASKA ENERGY METALS

Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders.

AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Nikolai Project 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 metals for North America. AEMC also holds a secondary project in western Quebec; the Angliers - Belleterre project. Today, material sourcing demands excellence in environmental performance, technological innovation, carbon mitigation and the responsible management of human and financial capital. AEMC works every day to earn and maintain the respect and confidence of the public and believes that ESG performance is measured by action and led from the top.

ON BEHALF OF THE BOARD
"Gregory Beischer"
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-609-7149

Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the estimation of mineral resources and that the Company a) will complete metallurgical and deportment studies, b) will perform economic analysis. 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 do not guarantee 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 but are not limited to uncertainty relating to the estimation of mineral resources, 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: Alaska Energy Metals Corporation



View the original press release on ACCESS Newswire

FAQ

What are the key findings of AKEMF's 2025 Mineral Resource Estimate for the Eureka deposit?

The 2025 MRE shows Indicated resources increased 46% to 1,190M tonnes at 0.30% NiEq and Inferred resources rose 133% to 2,087M tonnes at 0.28% NiEq, with newly included chromium and iron resources.

How much chromium and iron were added to AKEMF's Eureka deposit resources?

The update added 7.88B pounds of chromium and 117M tonnes of iron to Indicated resources, plus 12.29B pounds of chromium and 205M tonnes of iron to Inferred resources.

What is the grade of AKEMF's Central Eureka Zone 2 higher-grade core?

The CEZ2 higher-grade core contains Indicated resources of 225M tonnes at 0.39% NiEq and Inferred resources of 246M tonnes at 0.36% NiEq.

How does AKEMF's Nikolai deposit align with US critical minerals strategy?

The deposit contains seven Critical Minerals, including two Defense Production Act Title III materials, aligning with US executive orders to strengthen domestic critical mineral supply chains.
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