VANCOUVER, British Columbia, July 26, 2024 (GLOBE NEWSWIRE) — Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals“of”company“, or “AEMC) today announced additional marketing services with Gold Standard Media.
Following the July 16, 2024 news release announcing a 90-day renewal of our marketing services agreement with Gold Standard Media, LLC (“Gold Standard”), we have decided to expand the scope of Gold Standard's services to include additional financial publishing and digital marketing services. In return for the additional services provided, we have agreed to increase Gold Standard's fees from US$150,000 (approximately $206,400 CAD) to US$250,000 (approximately $345,260 CAD). The terms of our agreement with Gold Standard remain unchanged. Gold Standard Media is a Texas-based company led by Kenneth Ameduri, Juliette Ameduri and Lior Ganz. The company provides certain financial publishing and digital marketing services to the Company. We have the right to terminate our agreement with Gold Standard at any time. Gold Standard operates at arm's length from the Company, and the Company will not issue securities to Gold Standard Media as compensation for marketing services. To the Company's knowledge, certain affiliates and related parties related to Gold Standard currently hold 2,550,582 shares of the Company's common stock and 540,541 share purchase warrants of the Company (each a “Warrant”), each of which is exercisable to acquire one additional share of the Company's common stock at the exercise price until November 24, 2025. For more information about our initial collaboration with Gold Standard, please see our news release dated November 6, 2023.
About Alaska Energy Metals
Alaska Energy Metals Corporation is an Alaska-based company with offices in Anchorage and Vancouver committed to providing a sustainable supply of critical materials needed for national security and a bright energy future while generating superior returns for shareholders.
AEMC is focused on identifying and developing the large, massive polymetallic Eureka deposit, containing nickel, copper, cobalt, chromium, iron, platinum, palladium and gold. Located close to existing transportation and power infrastructure in the Alaskan Interior, the company's flagship project, Nikolai, is well-positioned to become a significant domestic source of strategic energy-related metals in North America. AEMC also has a secondary project in western Quebec called “Anglier Belle Terre”. Today, materials sourcing requires excellence in environmental performance, carbon mitigation and responsible stewardship of human and financial capital. AEMC strives every day to earn and maintain the respect and trust of the public and believes ESG performance is measured by actions and driven from the top.
On behalf of the Board
“Gregory Baisher”
Gregory Beischer, President and CEO
For further information, please contact:
Sarah Mauj, Public Relations Officer
Venture Strategy
Email: [email protected]
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation). These statements relate to future events and circumstances and therefore involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the statements. Forward-looking statements speak only of our views as of the date on which they are made. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from the forward-looking statements. Factors that may cause actual results to differ materially from the forward-looking statements include regulatory actions, market prices, the continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management at the date on which the statements are made. Except as required by applicable law, the Company undertakes no obligation to update any forward-looking statements contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting forward-looking statements, and if the Company updates any forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or any other forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
