Alaska Energy Metals
Primary ticker: Pending
Stage of development: Exploration, Development
Primary minerals: Nickel, Platinum Group Elements, Gold, Copper
Project to promote: Nikolai – Nickel, Copper, Cobalt, PGE
Project location: Alaska USA
Website: www.alaskaenergymetals.com
Corporate presentation: Click here
Alaska Energy Metals is a recently formed company. It holds the Nikolai nickel-copper-cobalt-chrome-iron-platinum group element project. The project is located in central a development-friendly part of Alaska near infrastructure. Historical drilling indicates evidence for a very large accumulation of metals. Drilling is to be done to get adequate spacing to calculate a maiden resource which should result in rerating of market capitalization. Peer companies with similar deposits are $30M to $190M. We are raising funds through a private placement now.
Cash: CAD$0.2M
Debt: NIL
Major shareholders:
Strategic Investors 15%
RedPlug Capital 20%
Sprott Global & clients 9%
EMX Royalties 8%
Management Ownership – 6%
Management Profile
Greg Beischer – President and CEO
Mr. Beischer is a seasoned explorationist with a solid track record of success, previously with Millrock Resources, INCO Ltd., and the Bristol Bay Native Corporation. He is a geologist and mining engineering technologist having graduated from Laurentian University (1987), Sudbury, Ontario, and the Haileybury School of Mines (1981), Haileybury, Ontario. Mr. Beischer is a certified professional geologist (#10505) with the American Institute of Professional Geologists. Mr. Beischer is the past President of the Alaska Miner’s Association, and serves on the Alaska Minerals Commission. He made the original discovery of nickel at the Nikolai project in 1995 when working for INCO. As leader of Millrock he attracted more than $50M in exploration funding, mostly from major mining companies.
Mr. Beischer is a seasoned explorationist with a solid track record of success, previously with Millrock Resources, INCO Ltd., and the Bristol Bay Native Corporation. He is a geologist and mining engineering technologist having graduated from Laurentian University (1987), Sudbury, Ontario, and the Haileybury School of Mines (1981), Haileybury, Ontario. Mr. Beischer is a certified professional geologist (#10505) with the American Institute of Professional Geologists. Mr. Beischer is the past President of the Alaska Miner’s Association, and serves on the Alaska Minerals Commission. He made the original discovery of nickel at the Nikolai project in 1995 when working for INCO. As leader of Millrock he attracted more than $50M in exploration funding, mostly from major mining companies.
What is your rationale for taking part 121 Mining Investment?
Alaska Energy Metals seeks to increase investor awareness of this new company and seeks equity investors for an initial financing.
What recent news would you like to highlight to investors attending?
What are your key goals for the next 3, 6 and 12 months?
6 Months:
Complete drilling, metallurgical tests and other exploration at Nikolai.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Main risk is low treasury. Therefore we plan an equity raise.
What do you think makes your company such a compelling investment?
Exposure to discovery success and share price increase. Market just waking up to the need for nickel for car batteries. There is nowhere near enough nickel supply to meet demand. Prices will rise and large, bulk minable deposits will come in to favor.
What are the top 3 key investor takeaways?
- New company – first 2023 drilling will likely result in a maiden resource and company rerate.
Peers measure market caps + 100M. Millrock should too.
Domestic source of energy metals; hot commodities.