Alaska Energy Metals Announces Shares for Debt Settlement and ATM Program Update

Alaska Energy Metals Corporation, trading as AEMC, has entered into agreements to settle $95,200 in debt with certain company insiders. The settlement involves issuing 952,000 common shares at $0.10 each, subject to TSX Venture Exchange approval and a four-month statutory hold period. This transaction is classified as a related party transaction under MI 61-101. The company is relying on exemptions from formal valuation and minority shareholder approval requirements since the debt shares' value doesn't exceed 25% of the company’s market capitalization.

Furthermore, during the fiscal quarter ending September 30, 2025, AEMC issued 2,249,500 shares through its at-the-market equity program, raising $203,852.50 in proceeds. Commissions of $6,844.43 were paid to Haywood Securities Inc. The proceeds will fund metallurgical studies, mining scenario assessments, and general corporate purposes. The company plans to continue this program in the fourth quarter of 2025.