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An update from Millrock Resources ( (TSE:AEMC) ) is now available.
Alaska Energy Metals Corporation has made significant strides in securing government grant funding for its Nikolai project, receiving a favorable review from the Defense Industrial Base Consortium. The company is also progressing with metallurgical studies and has initiated a scoping study to evaluate the project’s economics. Additionally, AEMC reported raising over $224,000 through its at-the-market equity program and plans to sell its non-core gold assets to focus on the Nikolai project, potentially enhancing its financial position and strategic focus.
More about Millrock Resources
Alaska Energy Metals Corporation (AEMC) is an Alaska-based company focused on sustainably delivering critical materials essential for national security and a sustainable energy future. The company is primarily engaged in the development of the Nikolai Project, a large-scale polymetallic deposit in Interior Alaska, which includes nickel, copper, cobalt, and other strategic metals. AEMC also holds a secondary project in Quebec and emphasizes excellence in environmental performance and responsible management.
Average Trading Volume: 86,940
Technical Sentiment Signal: Sell
Current Market Cap: C$16.65M
Find detailed analytics on AEMC stock on TipRanks’ Stock Analysis page.