Alaska Energy Metals Rediscovering Eureka
By Shane Lasley for Data Mine North NIKOLAI — Alaska Energy Metals Corp. President and CEO Greg Beischer has returned to finish what he started when he first landed in Alaska as a young geologist for INCO Ltd. in 1995 – outline a world-class nickel deposit at Nikolai, a project that lies on the northern margins of an energy metals enriched geological terrane that arcs across the 49th State. “Alaska Energy Metals is positioning itself to supply domestic markets with a source of critical and strategic metals,” Beischer said when AEM made its debut earlier this year. “Located in the USA, we intend to help North America transition to electrical power for vehicles and other rechargeable battery powered products.” A lot has changed since Beischer broke the first nickel-rich massive sulfide sample off an outcrop at Nikolai – INCO was absorbed by Brazilian mining company Vale, the Nikolai project was picked up by a junior that carried forward exploration, and the nickel and associated energy metals found at Nikolai have become exponentially more critical due to the rocketing demands of a world transitioning to clean energy. “The demand for nickel and cobalt for electric vehicle battery manufacture has been growing rapidly and is
projected to increase significantly,” said Beischer. What has not changed is Nikolai lies at the heart of the Wrangellia Terrane, which happens to be one of the best places in the world to look for nickel deposits enriched with copper, cobalt, and platinum group metals. This is why an AI-powered global search for energy transition metals led KoBold Metals to this same area of Alaska. While KoBold and its exploration of a property immediately north of AEM’s Nikolai has the backing of Microsoft’s Bill Gates, Amazon’s Jeff Bezos, and Alibaba’s Jack Ma, Alaska Energy Metals has a 30-year head start and the most advanced nickel deposit in the emerging eastern Alaska nickel district. This lead was solidified with the recent purchase of a database from more than $30 million of exploration conducted since 1995 at Nikolai. “This additional information will significantly accelerate our work,” Beischer said. This accelerated program is already underway, with drills cutting through thick zones of disseminated nickel sulfides at Eureka, a large nickel-mineralized body that runs for at least nine miles across the Nikolai property.
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September 2023 I The Alaska Miner I www.alaskaminers.org
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