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Millrock Resources ( (TSE:AEMC) ) has provided an announcement.
Alaska Energy Metals Corporation has issued 6,921,087 common shares at $0.10 each to settle debts totaling $599,408.70 with service providers. This strategic move, approved by the Board of Directors, aims to improve the company’s financial position without requiring formal valuation or minority shareholder approval. The shares are subject to a four-month hold period, reflecting the company’s efforts to strengthen its financial standing and operational capabilities in the strategic metals sector.
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. Its primary project, the Nikolai Project Eureka deposit in Interior Alaska, aims to provide a significant domestic source of strategic metals such as nickel, copper, cobalt, and others. AEMC also holds a secondary project in western Quebec, emphasizing environmental performance, technological innovation, and responsible management.
Average Trading Volume: 318,415
Technical Sentiment Signal: Sell
Current Market Cap: C$19.29M
See more data about AEMC stock on TipRanks’ Stock Analysis page.