Profiting in the clean energy transition in 2024: Is this North America’s next major nickel discovery?

Alaska Energy Metals Corp. (TSX-V: AEMC)(OTC: AKEMF), currently trading around C$0.37 per share, has filed an NI 43-101 Technical Report for its 100%-owned Eureka property, Nikolai Nickel Project, Alaska — a polymetallic sulphide nickel/battery metals project with multi-billion-pound nickel potential. 

Next up, AEMC is moving forward with production of an updated MRE (Mineral Resource Estimate) for the Eureka property wherein it has engaged the services of Stantec Consulting Services, Inc. 

The updated MRE will incorporate an additional 8 drill holes from the company’s summer 2023 program, plus historical assays, ahead of a planned 2024 drill program. 

Alaska Energy Metals CEO Greg Beischer — whom you’ll be hearing from directly in our exclusive interview below — commented on the project’s advancement via press release:

“Based on historical drilling, we have been able to document over 1.5 billion pounds of nickel in an Inferred Resource. With the drilling our company executed in summer of 2023, the metal inventory should significantly increase. We are planning an aggressive drilling program in 2024 to expand the bulk tonnage resource further, and to explore for high-grade deposits.”

As we kick off 2024, nickel is gaining increased attention, from both industry and the US government, as being integral to America’s multi-trillion-dollar energy transition. In fact, just recently, the US Department of Energy, following an extensive multi-agency assessment, added nickel to its list of mineral commodities deemed critical to the US economy and national security.

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In addition to its main use in the production of stainless steel, increased nickel demand is coming from the global electric vehicle sector as each new EV or hybrid hitting the roadway requires, on average, around 64 lbs of nickel as a key component in lithium-ion batteries.

On the supply side, primary nickel supply from new mineral discoveries is proving increasingly difficult to come by as the most recent nickel discovery of global significance occurred more than three decades ago in Canada’s Voisey’s Bay. 

Hence, AEMC’s 100%-owned Nikolai project (see below; Eureka West and Eureka East Zones) offers potential to become a significant, secure, domestic source of nickel, aligning with increased demand for nickel in the energy transition.

The newly-filed NI 43-101 Technical Report on the Eureka property is based on the Inferred MRE as detailed in the company’s 20 November 2023 press release:

Eureka Zone East: 88.6 million tonnes grading 0.35% nickel-equivalent (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
  • 792,400 ounces of platinum, palladium, and gold
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Alaska Energy Metals CEO Greg Beischer added:

“ … The rapid growth in resources speaks to the consistency and predictability of the deposit, which remains open in all directions. Eureka is quickly evolving into one of the larger nickel resources on the continent.” 

AEMC’s planned 2024 drill program will focus on locating additional zones of high-grade nickel-dominant mineralization at Eureka/Nikolai. 

As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Alaska Energy Metals CEO Greg Beischer to go over the Nikolai project and the plans and process for expanding the known mineralized footprint by way of the drill in 2024. Please Enjoy! 

For more on Alaska Energy Metals Corp., be sure to contact the company’s IR department at 877-217-8978 or via email at

Visit the AEMC corporate website and sign up to receive updates directly from the company by clicking the “subscribe” button here. Follow our ongoing AEMC coverage and exclusive interviews with upper management here.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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