Alaska Silver Corp. announced a private investment in public equity (PIPE) financing of up to C$7,615,800 (approximately US$5,462,000). The company issued up to 13,846,910 units at an offering price of C$0.55 per unit. Each unit consists of one common share and one warrant exercisable at C$0.75 for three years. Crescat Capital LLC, holding approximately 13.8% of outstanding shares, participated to maintain its ownership interest. Proceeds will expand the 2026 exploration program at the Illinois Creek Project from 6,000 to 9,000 metres and fund metallurgical work and environmental studies. The financing is expected to close on or about August 14, 2026, subject to regulatory approvals including TSX Venture Exchange consent. Alaska Silver Corp. operates in the mining industry as a junior exploration company focused on high-grade silver, gold, and critical metals assets in western Alaska.
