The company is also developing the Nikolai project in Alaska, where in February it boosted the known nickel resources to 8 billion lb. following an update to the NI 43-101 mineral resource estimate.
“Our Nikolai nickel project, which hosts the Eureka deposit, already contains one of the largest known nickel resources in the US. We intend to acquire Bambino so that we can further expand our contribution of nickel and other strategic metals to the rapidly growing lithium-ion battery industry and also the long-term energy storage industry in North America,” CEO Greg Beischer said in the statement.
From 2007 until last year, Beischer was CEO of Millrock Resources, a mining industry project generator. He formed Alaska Energy Metals in spring of 2023 specifically to develop the Nikolai project, based on a long history dating back to 1995, when he was an exploration geologist at Inco (Acquired by Vale in 2006).
With the Québec land…
