Millrock Resources, an exploration and development company, has announced that it has received approval from the TSX Venture Exchange to change its name to Alaska Energy Metals (AEM). The decision to change the name was driven by the company’s focus on exploring and developing its battery metal assets in Alaska. The new name aligns with Millrock’s goal of becoming a premier Alaskan minerals development company.
Alaska Energy Metals will continue to explore and develop projects related to copper, zinc, and precious minerals in Alaska. The proposed name change was also supported by the company’s strategic partners, who recognised the importance of having a clear and aligned focus on the growing battery metals sector, particularly in Alaska.
Millrock has a strong presence in Alaska, with many successful operating mines and projects in the state. The company’s assets include multiple properties in Alaska’s Tintina Gold Province, which is renowned for its copper-gold deposits. The company’s primary focus is on exploring and developing high-grade mineral deposits in this region.
The company’s new name, Alaska Energy Metals, is a reflection of its growing interest in the production of elements essential to the production of renewable energy systems, such as electric vehicles and energy storage systems. The company plans to continue targeting additional minerals essential for this growing industry, such as cobalt, nickel, and rare earth elements.
Millrock Resources’ CEO, Gregory Beischer, said, “The new name, Alaska Energy Metals, reflects the emergence of the company into the growing battery metal space, driven by the emerging energy storage sector and the need for secure supply chains for critical metals.” He added, “We believe there is great promise in Alaska for the discovery and development of these metals, and we plan to deliver value to our shareholders as we continue to grow in this sector.”
In conclusion, Alaska Energy Metals is focused on exploring and developing battery metal assets in Alaska, particularly in the Tintina Gold Province. The company plans to continue to target the production of elements essential to renewable energy systems for electric vehicles and energy storage. Regardless of the name change, Alaska Energy Metals will continue to advance its exploration and development activities with its strategic partners. It is believed that the new name reflects its commitment to driving the growth of Alaska’s critical minerals sector.