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Millrock Resources ( (TSE:AEMC) ) has shared an announcement.
Alaska Energy Metals Corporation has launched a non-brokered private placement of between C$2.5 million and C$3 million through the sale of up to 27.3 million units at C$0.11 each, with each unit comprising one common share and a three-year warrant exercisable at C$0.15. The financing, conducted under the listed issuer financing exemption in most Canadian provinces, will fund metallurgical studies, exploration drilling, permitting, marketing and working capital, while the company also reported modest proceeds from its ongoing at-the-market equity program and extended its investor relations agreement with Capital Gains Media, underscoring a strategy to strengthen its balance sheet and market profile as it advances project evaluation and development work.
More about Millrock Resources
Alaska Energy Metals Corporation is a Canadian-listed exploration company focused on advancing energy metal projects, with an emphasis on metallurgical studies, exploration drilling and permitting activities that support potential mining scenarios in the critical metals space.
Average Trading Volume: 399,462
Technical Sentiment Signal: Hold
Current Market Cap: C$22.96M
Learn more about AEMC stock on TipRanks’ Stock Analysis page.