Alaska Energy Metals Corporation announced a non-brokered private placement to issue 20,000,000 special warrants at an issue price of CAD 0.15 per unit for the gross proceeds of CAD 3,000,000 on June 7, 2024. The special warrants will be convertible into units. Each Unit will consist of one common share and one share purchase warrant to purchase another share at a price of CAD 0.20 for a three-year term.

The Company?s Annual General Meeting of shareholders, scheduled for June 10, 2024, will be adjourned following the receipt of the annual consolidated financial statements and appointment of the auditor in order to facilitate changes to the Board of Directors. The Special Warrants will convert to Units upon obtaining a receipt from the TSX Venture Exchange.