Alaska Energy Metals Converts Special Warrants and Partners for Carbon Sequestration Study
The company announces automatic conversion of special warrants and collaborates with leading institutions to explore carbon sequestration at its Eureka Nickel Deposit.
- Alaska Energy Metals Corporation has filed a prospectus supplement to qualify the distribution of securities underlying 30,133,330 special warrants issued earlier this month.
- The special warrants will automatically convert into common shares and warrants on September 20, 2024, with no action required from holders.
- Each warrant allows the holder to acquire one common share at an exercise price of $0.20 for three years from the date of issuance.
- In a separate development, Alaska Energy Metals is partnering with the Colorado School of Mines and Virginia Polytechnic Institute to study the carbon sequestration potential of ultramafic rocks and tailings at its Eureka Nickel Deposit.
- The research aims to assess the carbonation potential of mining waste to sequester carbon dioxide, contributing to sustainable mining practices and reducing the carbon footprint.
Financial Post 
The Canadian Press 
