Recent Updates — WAMFF
Alaska Silver USA Corp extended the maturity of a $3,698,000 promissory note owed to Chief Exploration Officer Joe Piekenbrock from July 1, 2027, to July 1, 2028. Concurrently, the company revised its consulting agreement with Piek Exploration LLC, increasing Mr. Piekenbrock's compensation rate from $3,000 per month to $200 per hour effective January 1, 2026, and added eligibility for the Long-Term Incentive Plan. Alaska Silver Corp operates in the mining sector.
Alaska Silver Corp. completed its 2026 drilling season at the Illinois Creek Project in western Alaska, totaling 9,496 metres across two rigs. This output exceeded the expanded target of 9,000 metres and the original plan of 6,000 metres, finishing six days ahead of schedule with zero lost-time incidents. The company previously closed a C$7.6 million financing in August to expand the program. Assay results are pending for future release. Alaska Silver is a junior exploration company focused on high-grade silver and gold assets.
Alaska Silver Corp. announced the transition of Aaron Schutt to Chief Executive Officer, effective October 1, 2026, succeeding co-founder Christopher (Kit) Marrs, who remains as Executive Chairman. The company also disclosed equity grants totaling 109,770 restricted stock units and 525,000 stock options exercisable at C$0.68 per share to directors and officers. Additionally, the filing confirms the issuance of 1,509,710 common shares valued at $0.82 per share to settle outstanding management fee debt owed to key executives. Alaska Silver Corp. is a junior exploration company focused on discovering and developing high-grade silver, gold, and critical metals assets in western Alaska.
Alaska Silver Corp. closed a private investment in public equity financing on August 14, 2026, raising C$7,615,800 (approximately US$5,480,000) in gross proceeds. The company issued 13,846,910 units at a price of C$0.55 per unit, with each unit comprising one common share and one warrant exercisable at C$0.75 for three years. Crescat Capital LLC participated as an insider to maintain its ownership interest, acquiring 1,830,910 shares and warrants. Net proceeds will fund the expansion of the Illinois Creek Project's exploration program from 6,000 to approximately 9,000 metres of drilling, along with metallurgical work and environmental studies. The company agreed to file a resale registration statement within 120 days. Alaska Silver Corp. is a junior mining exploration company focused on silver, gold, and critical metals assets in western Alaska.
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.