Alaska Energy Metals Updates on Nikolai Nickel Project Advancements

Alaska Energy Metals Corporation has provided noteworthy updates on its Nikolai Nickel Project in Alaska. With first-pass metallurgical testing nearing completion, results are anticipated in November 2025. The company is also finalizing its internal "Options Study," paving the way for a Preliminary Economic Assessment expected in 2026.

Efforts are underway to secure US government funding for the project. Further, hydrometallurgical testing will commence soon to explore efficient metal separation processes. These developments aim to enhance the economic viability of producing semi-refined metals on-site in Alaska.

Additionally, the company has amended its restricted share unit plan, increasing common shares issuable to 17,171,936. It has issued a combination of stock options and restricted share units to directors, officers, and employees, subject to approval by the TSX Venture Exchange and company shareholders.