Alaska Energy Metals Settles Debts with Equity Issuance

Millrock Resources ( (TSE:AEMC) ) just unveiled an announcement.

Alaska Energy Metals Corporation announced a shares for debt settlement to resolve $132,328.15 in debts by issuing 1,202,500 common shares at a price of $0.11 per share. This strategic move allows the company to conserve cash resources while advancing its Nikolai project, with the support of service suppliers willing to take an equity stake. The transaction, approved by the Board of Directors, aligns with AEMC’s focus on securing strategic partnerships and potential grant funding to support its mission.

More about Millrock Resources

Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver. The company is focused on sustainably delivering critical materials, primarily through its Nikolai multi-critical mineral project, aimed at meeting the supply chain needs of the US domestic economy and national defense.

Average Trading Volume: 235,984

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$17.8M

For detailed information about AEMC stock, go to TipRanks’ Stock Analysis page.