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Millrock Resources ( (TSE:AEMC) ) has issued an announcement.
Alaska Energy Metals Corporation announced the issuance of 4,581,000 common shares through its at-the-market equity program, raising gross proceeds of $515,724.51 during the fiscal quarter ending March 31, 2025. The funds are allocated for metallurgical studies, mining scenario assessments, and general corporate purposes. The continuation of this equity program is planned for the second quarter of 2025, which could further support the company’s strategic projects and enhance its market positioning as a significant domestic source of strategic metals.
More about Millrock Resources
Alaska Energy Metals Corporation (AEMC) is an Alaska-based company with offices in Anchorage and Vancouver. It focuses on delivering critical materials essential for national security and energy futures, while ensuring superior returns for shareholders. The company is primarily engaged in the 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 has a secondary project in western Quebec, the Angliers – Belleterre project.
Average Trading Volume: 86,940
Technical Sentiment Signal: Sell
Current Market Cap: C$16.65M
See more data about AEMC stock on TipRanks’ Stock Analysis page.