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Millrock Resources ( (TSE:AEMC) ) just unveiled an update.
Alaska Energy Metals Corporation has closed a non-brokered private placement, issuing 27,272,701 units at $0.11 per unit for gross proceeds of approximately $3 million, with each unit comprising one common share and one warrant exercisable at $0.15 until January 29, 2029. The company plans to use the funds to advance metallurgical studies, exploration drilling, permitting activities, marketing and general working capital, while also paying cash finders’ fees and issuing finders’ warrants, and it has extended its marketing engagement with Capital Gain Media for an additional two months with a C$250,000 budget, underscoring a push to support both project advancement and investor outreach.
More about Millrock Resources
Alaska Energy Metals Corporation is a Canadian-listed resource company focused on exploring and advancing energy metals projects, with its activities centred on metallurgical studies, exploration drilling and permitting work to support future development. The company targets metals critical to the energy transition and funds ongoing technical and marketing efforts through equity financings on Canadian capital markets.
Average Trading Volume: 398,191
Technical Sentiment Signal: Hold
Current Market Cap: C$24.9M
See more data about AEMC stock on TipRanks’ Stock Analysis page.