11:43 AM EDT, 03/15/2024 (MT Newswires) -- Alaska Energy Metals Corporation ( AKEMF ) has filed an Updated National Instrument 43-101 Technical Report on SEDAR+ for its 100% owned Eureka Property, Nikolai Nickel Project in Alaska, USA.

Highlights of the Updated Eureka Technical Report and MRE include:

The Eureka West and Eureka East deposits reported in the maiden 2023 MRE are now connected as one deposit measuring 4.5 kilometers (2.8 miles) in length.

A significant portion of the Eureka MRE has been upgraded from Inferred to Indicated Resource. The Indicated Resource contains:

813 million tonnes grading 0.29% NiEq containing:

3,877 million pounds (1.758 million tonnes) of nickel

1,276 million pounds (578,783 tonnes) of copper

303 million pounds (137,438 tonnes) of cobalt

4.0 million ounces of platinum, plus palladium and gold.

The Inferred Resource increased from 319.6 million tonnes to 896 million tonnes, a 180% increase. The Inferred Resource contains:

896 million tonnes grading 0.27% NiEq containing:

4,225 million pounds (1.916 million tonnes) of nickel

1,040 million pounds (471,736 tonnes) of copper

327 million pounds (148,324 tonnes) of cobalt

3.4 million ounces of platinum, plus palladium and gold.

Price: 0.30, Change: +0.02, Percent Change: +5.26