Alaska Energy Metals Corporation (AEMC), a leading producer of strategic metals, has secured an option to fully acquire the Bambino Nickel-Copper Property in Quebec. Adjacent to AEMC’s existing Angliers-Belleterre claim block, the Bambino property spans 3,320 hectares and is underlain by geological settings favorable for high-grade nickel mineralization. Under the agreement, AEMC will make a payment of $105,000 in cash, issue 700,000 common shares, and undertake $500,000 in exploration within three years. The Vendors will retain a 2.0% Net Smelter Returns royalty, with AEMC holding the right to repurchase half the royalty for $1 million. The company plans to start an extensive exploration program immediately, leveraging its fully funded resources to adopt various geophysical surveys. This acquisition supports AEMC’s strategy to enhance North America’s supply of critical metals essential for the growing lithium-ion battery and renewable energy sectors.
Mining, Renewable Energy,Canada, United States
https://www.globenewswire.com/news-release/2024/05/22/2886381/0/en/Alaska-Energy-Metals-Secures-Option-to-Acquire-the-Bambino-Nickel-Copper-Property-and-Commences-Exploration-Programs-on-Its-Quebec-Properties.html