FULL DISCLOSURE: This is sponsored content for Alaska Energy Metals.
Alaska Energy Metals (TSXV: AEMC) appears to be forming a budding relationship with KoBold Metals, an exploration and mining company based in Silicon Valley backed by the likes of Jeff Bezos, Bill Gates, BHP and Mitsubishi. Alaska Energy Metals recently completed the partial sale of exploration data to the firm, who borders a portion of its Eureka claims in Alaska.
The data sold consists of rock, soil, and and stream sediment sample assay results, drill core assay results and core logs, as well as data from ZTEM and VTEM airborne geophysical surveys and geological maps. In total, data from over 3,500 samples were provided, as well as 13 drill holes.
Alaska Energy Metals had previously acquired the data back in August when it purchased an extensive data package compiled by prior explorers of the district, a portion of which applied to KoBold’s claims for its Skolai project. The data which pertained only to the Skolai claims was sold to KoBold for US$175,000.
“We are pleased to recover some of our costs from the large exploration data set we bought earlier this year. KoBold owns claims that neighbour our Nikolai Nickel Project and I am confident they will put the data to good use. With it, it should accelerate their exploration efforts. We wish KoBold success in their search for magmatic nickel-copper sulfide deposits on their claims. Any discovery success in this emerging nickel district will benefit Alaska Energy Metals and Alaska generally,” commented Alaska Energy Metals CEO Greg Beischer.
The presence of KoBold just next door, and its evident intent to conduct exploration on its project, is rather significant for Alaska Energy Metals. KoBold has acquired claims in global jurisdictions, based on an AI platform that was co-developed by Stanford University. The tech is said to combine private and public sector geological data to locate critical minerals such as nickel and cobalt, with ten times the precision of traditional exploration methods – something that bodes well for the prospects of the Eureka project.
Alaska Energy Metals last traded at $0.40 on the TSX Venture.
FULL DISCLOSURE: Alaska Energy Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Alaska Energy Metals. The author has been compensated to cover Alaska Energy Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.