Alaska Energy Metals (TSX-V: AEMC, OTCQB: AKEMF) announced the first independent National Instrument 43-101 Standards of Disclosure for Mineral Deposits (“NI 43-101”) mineral resource estimate (“MRE” or “2023 Resource”) for its 100% owned Nikolai Ni-Cu-Co-PGE-Au Project (“Nikolai Project”) in Alaska, USA. The chart shows a 52-week low of CDN0.17 and a high of CDN0.67, close to where the shares are trading midway at writing.
There are several ways to play the EV/battery/critical metals sector. Nickel is not on the tip of investors’ lips. This oversight is a mistake as there are good opportunities to follow the advance of nickel usage. AEMC represents an excellent proxy. And while nickel may seem boring, those days are over.
‘As new supply struggles to catch surging demand growth, nickel prices should strengthen considerably by 2024-2025. This would mirror the dynamics of previous bull cycles. While the timing is tricky to predict precisely, the direction seems clear.
Economic uncertainty has caused some pause from investors, but the continued solid electric vehicle growth will assert itself by year-end. Nickel demand from EVs is expected to triple over the next decade, just in the US. Significant mining and auto/battery manufacturers have aggressively positioned themselves through acquisitions and investments to secure future nickel supply despite the short-term uncertainty. Once the clouds clear, they will ramp up efforts again.’ (Crux investor)
Properties stats and CEO comment bear repeating.
Alaska Energy Metals President & CEO Gregory Beischer commented:
“The two areas in which we were able to calculate an inferred mineral resource, based only on historical drill holes, are approximately two kilometers apart… The drilling we recently conducted in Summer 2023 will go part way towards joining the deposits together and is likely to further. Eureka is quickly evolving into one of the larger nickel resources on the continent.”
Eureka Zone East: 88.6 million tonnes grading 0.35% NiEq% containing:
471 million pounds of nickel
165 million pounds of copper
34 million pounds of cobalt
548,700 ounces of platinum, palladium, and gold
Eureka Zone West: 182.8 million tonnes grading 0.28% NiEq% containing:
1,080 million pounds of nickel
208 million pounds of copper
81 million pounds of cobalt
Seven hundred ninety-two thousand four hundred ounces of platinum, palladium, and gold.
Alaska Energy Metals President & CEO Gregory Beischer commented:
“The two areas in which we were able to calculate an inferred mineral resource, based only on historical drill holes, are approximately two kilometers apart… The drilling we recently conducted in Summer 2023 will go part way towards joining the deposits together and is likely to further. Eureka is quickly evolving into one of the larger nickel resources on the continent.”
AEMC Nikolai Property presentation.
Nickel makes up 16% of the ten critical metals in an EV battery. It is the number 3 in amount needed. It should be apparent by now that not only is a nickel worth having in your metals/green portfolio section but that Alaska Energy Metals may be that exposure vehicle.
And if you need more? Something for everyone.
Eureka is also identified as a zone of mineralization (1700m x 600m x 300m) that contains potentially economic concentrations of nickel, copper, cobalt, platinum, palladium, and gold.
Bob Beaty
For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s Thestreet.com, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.
Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)
Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;
‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.
Let’s go.
