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An update from Millrock Resources ( (TSE:AEMC) ) is now available.
Alaska Energy Metals Corporation has announced a debt settlement agreement with certain insiders, converting $95,200 in debt into 952,000 common shares, subject to TSX Venture Exchange approval. Additionally, the company issued 2,249,500 common shares through its at-the-market equity program, raising gross proceeds of $203,852.50 to fund metallurgical studies and other corporate purposes, indicating ongoing efforts to strengthen its financial position and operational capabilities.
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 needed for national security and a bright energy future. The company is primarily engaged in the delineation and development of the large-scale, polymetallic Nikolai Project Eureka deposit in Interior Alaska, which contains nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. AEMC also holds a secondary project in western Quebec, the Angliers-Belleterre project.
Average Trading Volume: 183,646
Technical Sentiment Signal: Sell
Current Market Cap: C$22.32M
For a thorough assessment of AEMC stock, go to TipRanks’ Stock Analysis page.