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Alaska Silver Corp.

NYSE:WAMFF
US$0.400Close 7 Oct 2026 · delayed

Past year: ▼ 33%(40.0c – 91.4c USD)

Market cap
A$50.4m
Shares on issue
89.1m
Story beats
13 since 2025
Last event
17 Aug 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

17 Aug 2026capital raising announcement▲ GoodMajor

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

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11 Aug 2026other● Neutral

SEC registration-effectiveness notice tied to the company's ongoing share registrations.

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11 Aug 2026capital raising announcement▲ GoodMajor

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.

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8 July 2026director officer appointment● Neutral

Appointed Dr. Lance Miller as a Technical Advisor to the company.

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11 June 2026director officer appointment▲ GoodMajor

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.

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4 June 2026drilling spud▲ GoodMajor

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.

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19 May 2026director officer appointment● NeutralMajor

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.

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14 May 2026director officer appointment▲ Good

Appointed Aaron Schutt, the recently retired President/CEO of Alaska Native corporation Doyon Limited (over $500 million in revenue), to the board, alongside routine RSU and stock-option grants to directors and officers.

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7 May 2026bylaws amendment● NeutralMajor

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.

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31 Mar 2026annual report● Neutral

First annual report as a US-listed public company (fiscal year ended December 31, 2025): included an S-K 1300 technical report summary on the Illinois Creek project alongside the year's IPO, the Silver Sage discovery, and continued exploration-stage losses.

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12 Mar 2026drilling scheduled▲ GoodMajor

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.

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27 Feb 2026resource reserve update● Neutral

Filed the independent NI 43-101 technical report formally supporting January's updated mineral resource estimate for Illinois Creek.

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22 Jan 2026resource reserve update▲ GoodMajor

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

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20 Jan 2026drilling result▲ GoodMajor

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.

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22 Dec 2025material agreement● Neutral

Amended for the eighth time the promissory note owed to Chief Exploration Officer Joe Piekenbrock from the company's 2021 acquisition of Piek Incorporated - cutting the interest rate to 3.5% and restructuring payments, a related-party financing arrangement that predates the company's US listing.

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3 Nov 2025drilling result▲ GoodMajor

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.

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15 Oct 2025drilling progress report● NeutralMajor

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.

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6 Oct 2025capital raising announcement▲ GoodMajor

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.

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1 Oct 2025capital raising announcement▲ GoodMajor

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

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30 Sept 2025other● Neutral

SEC declared the IPO registration statement effective, clearing the way for the public offering.

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29 Sept 2025other● Neutral

A further round of company responses to SEC Staff comments.

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29 Sept 2025other● Neutral

Additional written response to SEC Staff comments shortly before the registration statement was declared effective.

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29 Sept 2025other● Neutral

Company's response to SEC Staff comments on the public S-1 filing.

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11 Sept 2025other● Neutral

Company's written response to the latest SEC Staff comments.

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28 Aug 2025other● Neutral

Further SEC Staff comment letter on the registration process.

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11 Aug 2025other● Neutral

Company's written response to SEC Staff comments on the draft registration statement.

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10 June 2025other● Neutral

SEC Staff comment letter on the confidential draft registration statement.

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