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Alaska Energy Metals Completes Helicopter-Borne VTEM Max Geophysical Survey and Soil Geochemical Survey at the Angliers – Belleterre Project, Quebec, Canada

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Alaska Energy Metals Completes Helicopter-Borne VTEM Max Geophysical Survey and Soil Geochemical Survey at the Angliers – Belleterre Project, Quebec, Canada


Alaska Energy Metals Corporation

Alaska Energy Metals Corporation

Highlights:

  • 1,568 line kilometers of airborne VTEM Max electromagnetic geophysical survey completed.

  • 4,971 soil samples collected.

  • Rock sampling and prospecting carried out.

  • Results expected in the fourth quarter of 2024.

VANCOUVER, British Columbia, Sept. 20, 2024 (GLOBE NEWSWIRE) — Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals,” “AEMC,” or the “Company”) is pleased to announce the completion of a helicopter-borne Versatile Time Domain Electromagnetic (“VTEM”) Max survey over its 100% owned Angliers-Belleterre project (“Angliers”) in Quebec, Canada, and a large soil geochemical survey. Prospecting and rock sampling were also completed. The purpose of the exploration program was to identify targets that may represent valuable metallic mineralization, particularly nickel–copper deposits. Results of the soil survey and VTEM survey are anticipated to be received during the fourth quarter of 2024. This exploration work was funded from a flow-through financing completed in December 2023.

The VTEM survey was completed by Ontario-based Geotech Ltd. and consisted of 1,568 line-kilometers flown at 100-meter line spacing (Figure 1). In addition, a 4,971-sample soil program was completed across the same area as the VTEM survey (Figure 1). The soil collection, prospecting, and rock sampling programs were completed by Quebec-based Breakaway Exploration Management. The purpose of the VTEM survey is to define zones of conductive anomalies that may indicate metallic sulfide mineralization. Soil sampling was used to detect for the presence of metal ions that may reflect the valuable metallic mineral deposits in bedrock beneath. Coincident electromagnetic anomalies and soil anomalies represent compelling targets for drill testing.

Alaska Energy Metals Chief Geoscientist Gabe Graf commented: “We are pleased that Geotech and Breakaway have safely, responsibly, and efficiently carried out modern geophysical and geochemical surveys at our Angliers project in Quebec. We are eagerly awaiting survey results, which will be used in combination with planned geologic mapping. We hope that the results of our work will unlock multiple drill targets for testing in 2025.

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VTEM MAX SURVEY
Geotech’s VTEM survey is excellent for locating discrete, conductive anomalies as well as mapping lateral and vertical variations in resistivity. Full waveform recording is employed to achieve very clean early-time measurements to effectively resolve near-surface structures. This survey includes a high-sensitivity cesium magnetometer for mapping geologic structures and lithology. The radar altimeter has an accuracy of approximately one meter using a real-time GPS Navigation System providing an in-flight accuracy up to 1.5 meters.

VTEM survey and soil sampling grids on 1st derivative magnetic data.VTEM survey and soil sampling grids on 1st derivative magnetic data.

VTEM survey and soil sampling grids on 1st derivative magnetic data.

Figure 1. VTEM survey and soil sampling grids on 1st derivative magnetic data. (Source of base image magnetic data: Ministère des Ressources naturelles et des Forêts).

QUALIFIED PERSON
Gabriel Graf, the Company’s Chief Geoscientist, is the qualified person who reviewed and approved the technical disclosure in this news release.

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

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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 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 energy-related 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, 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: 604-638-3164

Sarah Mawji, Public Relations
Venture Strategies
Email: sarah@venturestrategies.com
Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including receipt of assays from soil samples, geophysical survey results, definition of drill targets, and future drill testing. 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 are not guaranteeing of 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 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.

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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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a14158dd-6d5b-4795-bc14-bc1f20e04079



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Alaska

Denali National Park offering unique holiday experience

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Denali National Park offering unique holiday experience


ANCHORAGE, Alaska (KTUU) – Denali National Park & Preserve is offering travelers a unique way to celebrate the holiday season at the base of North America’s tallest peak.

“It’s a great place to come if you’re into snow and being cold,” said Amber Smigiel, Public Affairs Officer for Denali National Park and Preserve.

“If you come at night, you probably have a chance to see the auroras, and it is really beautiful here during the winter.”

Despite the cold and storms associated with winter at Denali, Smigiel said adventure-seekers are still allowed to attempt a summit of Mount McKinley.

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“We don’t have any staff up there, so you’re pretty much on your own,” she said.

“We definitely don’t recommend doing it by yourself. Only, I think, 17 people have ever summited during winter, so it’s not a very realistic goal, but you know what? We’re not going to stop you if you want to try.”

For those looking for a calmer experience, Smigiel said there are several events and accommodations planned at the base of the mountain.

“The road is closed at mile 3 for cars, but you can ski, hike, snowshoe on the road and some of the hiking trails in the front country or even farther in the backcountry,” she said.

“You can winter camp if you’d like. We have our permits for that so you can come and sleep in the snow if that’s your thing. Our visitor center has snowshoes and the spikes, snow spikes, so you can go and rent some of that while you’re here.”

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While Denali’s iconic bears are mid-hibernation, Smigiel said animal lovers still have a chance to catch a glimpse of the local wildlife.

“The kennels are open from one to four on Saturday and Sunday, so you can come see the dogs and the puppies during the winter,” she said.

“There are still moose and caribou and wolves. The moose sometimes come closer to the front of the park because they like to use the road just as much as people do.”

While visitors are welcomed to book a stay at Denali, Smigiel told Alaska’s News Source that some amenities may not be available during the winter.

“The one thing that you need to remember when you come to Denali during the winter is that there’s one restaurant and one grocery store and two gas stations that are open and those are about 10 miles from the park,” she said.

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“Make sure that you have all your provisions with you, water, snacks, all that kind of stuff. We do have an indoor picnic area where you can go and get warm and, you know, fill your water bottles up and that kind of thing, but nothing that you can purchase while you’re in the park.”

Although current weather conditions have caused the park to reschedule, Smigiel said that rangers are planning to host a “Ski and Stroll” for the winter solstice, where visitors are invited to walk trails near the park.

See a spelling or grammar error? Report it to web@ktuu.com



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Alaska’s Maxime Germain named to US Olympic biathlon team

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Alaska’s Maxime Germain named to US Olympic biathlon team


Alaska’s Maxime Germain was named to the U.S. Olympic biathlon team to compete at the 2026 Milano-Cortina Olympic Winter Games. (Photo provided by U.S. Biathlon)

Alaska’s Maxime Germain has been named to the U.S. Olympic biathlon team and will compete at the 2026 Milano-Cortina Olympic Winter Games.

Germain, 24, who was born in Juneau and graduated from West Anchorage High School in 2019, will be making his Olympic debut.

“I am stoked to have qualified,” Germain said in a U.S. Biathlon release. “The goal is now to perform there! It is going to be my first Olympics, but it shouldn’t be any different from other racing. Same venue, same racing, different name!”

The announcement was made Sunday at the conclusion of the World Cup stop in France. He is currently 34th in World Cup rankings, the second-best American behind Olympic teammate Campbell Wright.

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Germain has raced for the APU Nordic Ski Center and trained with the Anchorage Biathlon Club.

“Maxime has worked really hard throughout the off season, improving his mental game and bringing an overall level up to the World Cup this year,” U.S. Biathlon High Performance Director Lowell Bailey said in the release. “This showed right away at the first World Cup in Ostersund, where he proved he can be among the world’s fastest and best biathletes. Maxime will be a great addition to the U.S. Olympic team!”

Before coming to Anchorage, Germain grew up in Chamonix, France, and started biathlon there at age 13.

Germain is a member of Vermont Army National Guard as an aviation operations specialist and is studying to become a commercial pilot. Germain has trained with the National Guard Biathlon Team and races as part of the US Army World Class Athlete Program.

Germain joins Wright, Deedra Irwin and Margie Freed as the first four qualifiers for the 2026 Olympic Biathlon Team. The remaining members of the team will be announced on Jan. 6 following completion of the U.S. Biathlon Timed Trials.

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The 2026 Winter Olympics run from Feb. 6-22 in Italy.





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Trump administration opens vast majority of Alaska petroleum reserve to oil activity

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Trump administration opens vast majority of Alaska petroleum reserve to oil activity


The northeastern part of the National Petroleum Reserve-Alaska is seen on June 26, 2014. (Photo by Bob Wick / U.S. Bureau of Land Management)

The Bureau of Land Management on Monday said it approved an updated management plan that opens about 82% of the National Petroleum Reserve-Alaska to oil and gas leasing.

The agency this winter will also hold the first lease sale in the reserve since 2019, potentially opening the door for expanded oil and gas activity in an area that has seen new interest from oil companies in recent years.

The sale will be the first of five oil and gas lease sales called for in the One Big Beautiful Bill Act that passed this summer.

The approval of the plan follow the agency’s withdrawal of the 2024 activity plan for the reserve that was approved under the Biden administration and limited oil and gas drilling in more than half the reserve.

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The 23-million-acre reserve is the largest tract of public land in the U.S. It’s home to ConocoPhillips’ giant Willow discovery on its eastern flank.

ConocoPhillips and other companies are increasingly eyeing the reserve for new discoveries. ConocoPhillips has proposed plans for a large exploration season with winter, though an Alaska Native group and conservation groups have filed a lawsuit challenging the effort.

The planned lease sale could open the door for more oil and gas activity deeper into the reserve.

The Voice of the Arctic Iñupiat, consisting of elected leaders from Alaska’s North Slope, where the reserve is located, said it supports the reversal of the Biden-era plan. Infrastructure from oil and gas activity provides tax revenues for education, health care and modern services like running water and sewer, the group said.

The decision “is a step in the right direction and lays the foundation for future economic, community, and cultural opportunities across our region — particularly for the communities within the (petroleum reserve),” said Rex Rock Sr., president of the Arctic Slope Regional Corp. representing Alaska Natives from the region, in the statement from the group.

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The reserve was established more than a century ago as an energy warehouse for the U.S. Navy. It contains an estimated 8.7 billion barrels of recoverable oil.

But it’s also home to rich populations of waterfowl and caribou sought by Alaska Native subsistence hunters from the region, as well as threatened polar bears.

The Wilderness Society said the Biden-era plan established science-based management of oil and gas activity and protected “Special Areas” as required by law.

It was developed after years of public meetings and analysis, and its conservation provisions were critical to subsistence users and wildlife, the group said.

The Trump administration “is abandoning balanced management of America’s largest tract of public land and catering to big oil companies at the expense of future generations of Alaskans,” said Matt Jackson, Alaska senior manager for The Wilderness Society. The decision threatens clean air, safe water and wildlife in the region, he said.

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The decision returns management of the reserve to the 2020 plan approved during the first Trump administration. It’s part of a broad effort by the administration to increase U.S. oil and gas production.

To update the 2020 plan, the Bureau of Land Management invited consultation with tribes and Alaska Native corporations and held a 14-day public comment period on the draft assessment, the agency said.

“The plan approved today gives us a clear framework and needed certainty to harness the incredible potential of the reserve,” said Kevin Pendergast, state director for the Bureau of Land Management. “We look forward to continuing to work with Alaskans, industry and local partners as we move decisively into the next phase of leasing and development.”

Congress voted to overturn the 2024 plan for the reserve, supporting bills from Alaska’s Republican congressional delegation to prevent a similar plan from being implemented in the future.





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