Alaska Energy Metals Provides Corporate Update On Nikolai Nickel Project, Alaska And Announces Amendment To Restricted Share Plan And Grants Of Stock Options And Restricted Share Units

Group 1 - The company is nearing completion of first-pass metallurgical testing from the Eureka deposit at the Nikolai nickel project in Alaska, with results expected in November 2025 [1] - An internal "Options Study" for the Eureka deposit is also nearing completion, which will lead to a Preliminary Economic Assessment scheduled for publication in 2026 [1] - The company continues to pursue grant funding from the US government for the Nikolai project [1] Group 2 - Hydrometallurgical amenability testing is set to begin on Eureka concentrates [1] - The company has granted incentive stock options and restricted share units [1]