On December 28, 2023, Alaska Energy Metals Corporation closed the transaction. The company received 2,000,000 flow-through common shares at a price of CAD 0.50 per share to raise gross proceeds of CAD 1,000,000. In connection with the financing, finder?s fees consisting of 179,487 AEMC shares have been issued to Red Cloud Securities Inc. and 140,000 finders warrants were issued to Red Cloud Mining Capital. The securities issued in the financing are subject to a hold period expiring on April 28, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 2 placees.