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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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13 Aug 2026quarterly activities report▼ Bad

Alaska Silver Corp. reported a quarterly net loss of $1.7 million for the period ended 2026-06-30.

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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 PIPE (private investment in public equity) financing to expand its 2026 drill program to 9,000 metres. The 8-K only furnished the press release and gave no terms.

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29 July 2026securities registration● Neutral

Post-effective amendment updating the company's share registration statement.

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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

Announced the start of its 2026 drill program at Illinois Creek, targeting resource expansion and new discoveries. The filing itself gave no rig or program-size details.

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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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14 May 2026quarterly activities report● Neutral

The actual first-quarter 2026 results (period ended March 31, 2026, not June 30 as previously mislabeled here): reported net income of $1.2 million, but only because a $3.1 million non-cash gain on revaluing derivative warrant liabilities masked underlying costs - operating expenses grew to $1.3 million (from $841,000 a year earlier) and the company took a $452,000 loss on early-repaying a $1.2 million promissory note.

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7 May 2026bylaws amendment● NeutralMajor

Amended its articles, effective May 7, 2026, to eliminate its dual-class structure by removing the proportionate voting share class. It also reidentified the subordinate voting shares as unlimited no-par Common Shares.

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13 Apr 2026securities registry admin● Neutral

Registered shares for an employee/director stock incentive plan.

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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 6,000-meter 2026 drill program for Illinois Creek, Alaska, via a press release furnished with an 8-K.

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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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11 Feb 2026securities registry admin● Neutral

Announced a technical 'decompression' of the company's proportionate voting shares, an adjustment ahead of simplifying its dual-class share structure.

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22 Jan 2026resource reserve update▲ GoodMajor

Issued a press release titled 'Alaska Silver Updates Illinois Creek Resource in Powerful Gold and Silver Price Environment'. The filing itself gave no resource numbers.

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20 Jan 2026drilling result▲ GoodMajor

Announced high-grade silver and zinc results in several holes from its limited 2025 drilling program at Illinois Creek. The filing itself gave no intercept details.

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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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13 Nov 2025quarterly activities report▼ Bad

Alaska Silver Corp. reported a quarterly net loss of $2.6 million for the period ended 2025-09-30.

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3 Nov 2025drilling result▲ GoodMajor

Issued a press release announcing a new high-grade discovery zone at its Illinois Creek Project. The filing itself gave no further detail.

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15 Oct 2025drilling progress report● NeutralMajor

Issued a press release giving an update on its exploration projects, furnished with an 8-K. The filing itself gave no drilling figures.

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6 Oct 2025capital raising announcement▲ GoodMajor

Closed its previously announced offering on October 3, 2025, selling 21,229,000 units at US$0.65 for gross proceeds of US$13,798,850. Each unit carried one share and one warrant exercisable at US$0.97 for three years, and the full over-allotment option was exercised.

What it means for a shareholder

21.2m new shares at US$0.650 to raise about US$13.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

Create a free account to see this worked out for your own holding.

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2 Oct 2025securities registration● Neutral

Final prospectus for the US initial public offering.

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2 Oct 2025securities registration● Neutral

Further IPO marketing material (free-writing prospectus).

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1 Oct 2025securities registration● Neutral

Registered additional shares to cover a potential over-allotment in the IPO.

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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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