Alaska Energy Metals Modifies Canwell Option Agreement

Alaska Energy Metals Corporation has amended its Option Agreement with the Canwell claim block owner, part of the Nikolai Nickel project in Alaska. The new terms eliminate the remaining US$1.9 million in exploration expenditures. Additionally, the final option payment of US$150,000 is deferred to September 1, 2026.

In exchange, AEMC will issue two million shares to the owner. This amendment provides AEMC a straightforward path to full ownership of the Canwell block, where high-grade nickel, copper, and platinum group elements have been found.

AEMC’s President & CEO Gregory Beischer expressed satisfaction in eliminating the challenging work requirements for 100% interest in these critical claims and plans to continue exploration as market conditions allow.