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The latest announcement is out from Millrock Resources ( (TSE:AEMC) ).
Alaska Energy Metals Corporation has amended its Option Agreement for the Canwell claim block, part of its Nikolai Nickel project in Alaska, by eliminating the remaining $1.9 million in exploration expenditures and deferring the final option payment until 2026. This amendment, which involves issuing two million AEMC shares to the claim owner, provides the company with a clear path to 100% ownership of the claim block, which is rich in nickel, copper, and platinum group elements. The strategic move is expected to enhance AEMC’s operational flexibility and strengthen its position in the strategic metals market.
More about Millrock Resources
Alaska Energy Metals Corporation (AEMC) is an Alaska-based company with offices in Anchorage and Vancouver, focused on sustainably delivering critical materials for national security and energy needs. The company is primarily engaged in the development of the Nikolai Project in Interior Alaska, which contains a large polymetallic deposit with nickel, copper, cobalt, and other strategic metals. AEMC also has a secondary project in western Quebec.
Average Trading Volume: 88,483
Technical Sentiment Signal: Sell
Current Market Cap: C$16.65M
See more data about AEMC stock on TipRanks’ Stock Analysis page.