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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

Moderate earthquake strikes south-central Alaska

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Moderate earthquake strikes south-central Alaska


ANCHORAGE, Alaska (KTUU) – A moderate earthquake occurred in south-central Alaska Sunday afternoon, striking at 2:42 p.m.

Its epicenter was located about 24 miles due east of Anchorage with a depth of 18 miles.

No damage or injuries were reported.

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

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OPINION: CDQ program and pollock fishery are essential to Western Alaska

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OPINION: CDQ program and pollock fishery are essential to Western Alaska


By Eric Deakin, Ragnar Alstrom and Michael Link

Updated: 1 hour ago Published: 1 hour ago

We work every day to support Alaska’s rural communities through the Community Development Quota (CDQ) program and have seen firsthand the lifeline the program provides to our state’s most isolated and economically vulnerable areas.

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This program is one of the most successful social justice programs in the United States, giving rural, coastal communities a stake in the success of the Bering Sea fisheries, and transferring these benefits into community investments. Our fisheries participation provides $80 million to $100 million of programs, wages and benefits into Western Alaska annually, and the full economic reach of the CDQ program is substantially larger when accounting for jobs and support services statewide.

In some communities, CDQs are the largest and only private-sector employer; the only market for small-boat fishermen; the only nonfederal funding available for critical infrastructure projects; and an essential program provider for local subsistence and commercial fishing access. There is no replacement for the CDQ program, and harm to it would come at a severe cost. As one resident framed it, CDQ is to Western Alaska communities, what oil is to Alaska.

Consistent with their statutory mandate, CDQ groups have increased their fisheries investments, and their 65 member communities are now major players in the Bering Sea. The foundation of the program is the Bering Sea pollock fishery, 30% of which is owned by CDQ groups. We invest in pollock because it remains one of the most sustainably managed fisheries in the world, backed by rigorous science, with independent observers on every vessel, ensuring that bycatch is carefully monitored and minimized.

We also invest in pollock because the industry is committed to constantly improving and responding to new challenges. We understand the impact that salmon collapses are having on culture and food security in Western Alaska communities. Working with industry partners, we have reduced chinook bycatch to historically low levels and achieved more than an 80% reduction in chum bycatch over the past three years. This is a clear demonstration that CDQ groups and industry are taking the dire salmon situation seriously, despite science that shows bycatch reductions will have very minimal, if any, positive impact on subsistence access.

The effects of recent warm summers on the Bering Sea ecosystem have been well documented by science. This has caused some species to prosper, like sablefish and Bristol Bay sockeye salmon, while others have been negatively impacted, including several species of crab and salmon. Adding to these challenges is the unregulated and growing hatchery production of chum salmon in Russia and Asia, which is competing for limited resources in the Bering Sea, and increasing management challenges.

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Attributing the current salmon crises to this fishery is misguided and could cause unnecessary harm to CDQ communities. Without the pollock fishery, we would see dramatic increases in the cost of food, fuel and other goods that are shipped to rural Alaska. We would also see the collapse of the CDQ program and all that it provides, including a wide array of projects and jobs that help keep families fed and children in school.

The challenges Alaska faces are significant, and to address them we need to collectively work together to mitigate the impacts of warming oceans on our fisheries, build resiliency in our communities and fishery management, and continue to improve practices to minimize fishing impacts. We must also recognize the vital need for the types of community investments and job opportunities that the CDQ program creates for Western Alaska and ensure these benefits are considered when talking about the Bering Sea pollock fishery.

Eric Deakin is chief executive officer of the Coastal Villages Region Fund.

Ragnar Alstrom is executive director of the Yukon Delta Fisheries Development Association.

Michael Link is president and CEO of Bristol Bay Economic Development Corp.

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The views expressed here are the writer’s and are not necessarily endorsed by the Anchorage Daily News, which welcomes a broad range of viewpoints. To submit a piece for consideration, email commentary(at)adn.com. Send submissions shorter than 200 words to letters@adn.com or click here to submit via any web browser. Read our full guidelines for letters and commentaries here.





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Alaska

‘Drag racing for dogs:’ Anchorage canines gather for the ‘Great Alaska Barkout’

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‘Drag racing for dogs:’ Anchorage canines gather for the ‘Great Alaska Barkout’


ANCHORAGE, Alaska (KTUU) – Alaska’s first “flyball” league held its annual “Great Alaska Barkout Flyball Tournament” on Saturday in midtown at Alyeska Canine Trainers.

Flyball is a fast-paced sport in which relay teams of four dogs and their handlers compete to cross the finish line first while carrying a tennis ball launched from a spring loaded box. Saturday’s tournament was one of several throughout the year held by “Dogs Gone Wild,” which started in 2004 as Alaska’s first flyball league.

“We have here in Alaska, we’ve got, I think it’s about 6 tournaments per year,” said competitor and handler Maija Doggett. “So you know every other month or so there will be a tournament hosted. Most of them are hosted right here at Alyeska Canine Trainers.”

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

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