Alaska Silver Corp.

Closed the C$7.6 million PIPE unit offering announced six days earlier.

capital raising announcement

Announced a C$7.6 million private-investment-in-public-equity (PIPE) financing (units of one share plus one warrant at C$0.55, warrants exercisable at C$0.75) to expand the 2026 drill program to 9,000 meters.

capital raising announcement

Named new board member Aaron Schutt as incoming CEO effective October 1, 2026, with outgoing CEO Christopher Marrs moving up to Executive Chairman - a planned, dated leadership transition just weeks after Schutt joined the board.

director officer appointment

Commenced the fully-funded 2026 exploration program at Illinois Creek, mobilizing a two-rig, 6,000-meter drilling campaign targeting Waterpump Creek resource expansion and the Silver Sage discovery.

drilling spud

Board approved, subject to TSXV and disinterested-shareholder approval, converting deferred management fees owed since 2022-2025 to CEO Christopher Marrs, VP Joan Marrs, VP Joe Piekenbrock, and Piekenbrock's company Piek Exploration LLC into common shares - settling insider debt through equity rather than cash.

director officer appointment

Simplified its share structure - eliminating the never-issued Proportionate Voting share class and reidentifying Subordinate Voting shares as plain common shares - while also formally recording the April 2025 board resolution that had renamed the company from Western Alaska Minerals Corp. to Alaska Silver Corp.

bylaws amendment

Announced a fully-funded 6,000-meter drill program for the 2026 field season at Illinois Creek, targeting Waterpump Creek resource expansion and further definition of the Silver Sage discovery.

drilling scheduled

Released an updated mineral resource estimate for Illinois Creek: Indicated gold and silver ounces up 11% and 7% respectively, and Inferred ounces nearly doubled.

resource reserve update

Reported high-grade assay results from the drilling flagged as pending in October: 5.9m grading 38 g/t silver and 12.1% zinc at Waterpump Creek, and 4.4m grading 148 g/t silver at the new Silver Sage discovery.

drilling result

Announced the discovery of a new high-grade mineralized zone, Silver Sage, located about 4 km from the existing Waterpump Creek resource at Illinois Creek.

drilling result

Provided a 2025 exploration update at Illinois Creek: completed 2,964 meters of drilling across 13 holes at Waterpump Creek South, plus follow-up work that led to the discovery of a new mineralized zone, Silver Sage - with assay results from both areas still pending.

drilling progress report

Announced the closing of its roughly $13.8 million US initial public offering on October 3, 2025 - a watershed event that, per CEO Kit Marrs, lifted the company's prior IPO-related communications restrictions.

capital raising announcement

Announced the pricing of its US initial public offering of common shares.

capital raising announcement