Oleblue
7月前
Alaska Silver Announces New High-Grade Discovery Zone: Silver Sage
Newsfile
November 3, 2025
Tucson, Arizona--(Newsfile Corp. - November 3, 2025) - Alaska Silver Corp. (TSXV: WAM) (OTCQX: WAMFF) (the "Company," "Alaska Silver" or "WAM") is pleased to announce the discovery of a new high-grade mineralized zone, named Silver Sage, on its 100% owned Illinois Creek ("IC") Carbonate Replacement Deposit ("CRD") project in western Alaska.
The Silver Sage zone represents a significant exploration breakthrough, located 4.8km south of the Waterpump Creek resource. The discovery has been confirmed through surface trenching, pit sampling, and initial drilling. Drill hole results will be discussed when assay results are received and reviewed.
Discovery Highlights:
New high-grade zone identified: Early work confirms Silver Sage as a promising mineralized system with near-surface samples running:
1,235 g/t silver ("Ag") with 65% lead ("Pb"); and
1,135 g/t Ag with 73% Pb.
Extensive surface exploration completed:
8 trenches, all of which contained mineralization and/or alteration
Over 100 excavator pits
Initial drilling completed:
9 preliminary drill holes totaling 906.5 meters designed to define stratigraphy and alteration in the zone
District-scale potential: Newly discovered manifestation of a major CRD system
"The discovery of Silver Sage marks a major step forward for Alaska Silver. Early indications of high-grade mineralization, combined with the scale of this brand-new surface expression within the Illinois Creek system, reinforce our belief that the Illinois Creek project hosts a large, district-scale CRD system. We're excited by the potential this new zone represents and look forward to sharing assay results as they become available."
- Kit Marrs, CEO of Alaska Silver Corp.
"I am not surprised that a new mineralization zone has been found at Illinois Creek - it is an extensive CRD system, and these typically have numerous spokes that lead back to the intrusive hub. I enthusiastically recommend more drilling at Silver Sage next summer and systematic exploration for additional, covered mineralization centers on the property."
- Dr. Peter K.M. Megaw- Exploration Advisor to Alaska Silver Corp.
Investors are cautioned that grab, surface and trenching samples are inherently selective and serve to prove the presence of mineralization only. The results are not necessarily indicative of the overall grade and extent of mineralization on the subject area
High-Grade Surface Results:
Silver
Silver values in the 300 g/t range with grab samples up to 1,235 g/t in Trench 45 ("T45")
T45 Grab Samples:
1235 g/t Ag with 65% Pb
1135 g/t Ag with 73% Pb
T45 Channel Sample:
0.5 m true thickness containing 326 g/t Ag and 30.57% Pb
Ranges from 106 to 766 g/t Ag in T48
Lead
Pb mineralization is extensive, with grades from 1% up to 73% Pb across trenches T44, T45, T46, T48, and T49.
Zinc
Up to 12.05% Zn over 1.85m (T47)
Broad Range: from 2% to 12% zinc ("Zn").
Gold
Up to 0.55 g/t over 1.0m
Multiple samples >0.35 g/t gold ("Au") in Trenches T44, T45, T47
Copper
Values range from 0.1% to 0.35% copper ("Cu") across various trench samples.
Technical Summary:
During the 2025 field season, Alaska Silver executed a focused trenching and sampling pit program across a 1.5 km x 600 m corridor south of the Illinois Creek airstrip and toward Dee's Spring (Figure 2). This program followed up on arsenic soil anomalies and Controlled-Source Audio-Frequency Magnetotellurics ("CSAMT") (surveyed by Zonge International Geophysics in 2022) geophysical targets identified on lines 7100750 and 7100250.
The Silver Sage zone displays classic CRD-style mineralization, with semi-massive galena, cerussite (lead carbonate derived from weathering of galena) and copper oxides exposed in multiple surface trenches (Figures 1, 3, and 4). A ~550-meter mineralized strike length has been delineated, with broader alteration spanning over 1.1km (Figure 3).
Trench T45 ("The Galena Trench"): Exhibits the most intense galena and cerussite mineralization within a silicified breccia zone (Figures 1 and 4).
Trench T48 ("The Indiana Jones Trench"): Located approximately 380 meters south-southwest of T45; features high-grade lead-silver-zinc mineralization and an oxidized breccia zone (Figure 4).
Additional trenches (T44, T46, T47, T49, and T50) returned highly elevated metal values, indicating broader mineralized continuity within the Silver Sage zone with widespread alteration, multiple mineralized horizons, and complex structural repetition (Figure 4).
Figure 1: Hand sample photographs of rocks from T45 "The Galena Trench" showing feathery galena and cerussite with silicification.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7510/272869_67300df7645bf867_001full.jpg
Figure 2: Overview map of the Illinois Creek District prospects and resources.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7510/272869_67300df7645bf867_002full.jpg
Figure 3: Silver Sage Zone overview map showing the extent of alteration and mineralization as defined from surface pits and trenches.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7510/272869_67300df7645bf867_003full.jpg
Figure 4: Map of Silver Sage zone showing the trench locations and drill holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7510/272869_67300df7645bf867_004full.jpg
Next Steps
Pending Drill Assays: 9-hole (906.5 m) drill program assays from Silver Sage are expected in the coming weeks.
Geological Mapping & Structural Interpretation: Ongoing integration of drilling, trench, pit, and geophysical data
Targeting the Source: Continued work is focusing on vectoring toward the district-scale CRD-porphyry system
Updated Disclosure Regarding Related Party Participation in Financing
Further to the Company's news release dated October 3, 2025, the Company announces that certain related parties of the Company ("Interested Parties") purchased or acquired direction or control over an aggregate of 1,112,000 Units pursuant to the financing which closed on the same date (the "Offering"). The placement to those persons constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Notwithstanding the foregoing, the directors of the Company have determined that the Interested Parties' participation in the Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 in reliance on the exemptions set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101. The Company did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of Interested Parties had not been confirmed at that time.
Qualified Person
Patrick Donnelly P.Geo, Executive Vice President of Alaska Silver, is a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
About Alaska Silver
Alaska Silver is the pioneer of one of North America's major high-grade silver and critical minerals districts at the Illinois Creek (IC) Project in western Alaska. Anchored by the high-grade silver mineralization of the Waterpump Creek zone, 75 Moz @ 980 g/t AgEq (Inferred)1, open to the north and south and the historic Illinois Creek mine, 525 Koz AuEq - 373 Koz @ 1.3 g/t AuEq (Indicated), 152 Koz @ 1.44 g/t AuEq (Inferred)2, Alaska Silver's 100% owned carbonate replacement deposit shows significant exploration potential across its 8-km length. Located approximately 38 kilometers from the Yukon River, the region's marine highway, the claims of the IC project cover a 100% owned land package of 80,895 acres (126.36 sq miles or 32,337 hectares). Headquartered in both Alaska and Arizona, Alaska Silver brings together a team with a proven track record of large-scale mine discoveries.
1 Please refer to the NI 43-101 Technical Report titled "Illinois Creek Project Update, Illinois Creek Mining District, Western Alaska, USA" dated April 2, 2024 (effective date of February 20, 2024).
2 Please refer to the NI 43-101 Technical Report titled "Illinois Creek Project Update" dated September 22, 2023 (effective date of May 22, 2023).
"Kit Marrs"
Kit Marrs
President & CEO
kit@alaskasilver.com
Phone: 1-520-200-1667
For further information, please contact:
Patrick Donnelly
Executive Vice President
pat@alaskasilver.com
Or visit our website at: www.alaskasilver.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof. This forward-looking information relates to, among other things, ongoing and anticipated exploration work at the Illinois Creek Project; the anticipated timing of assay results and the expected results therefrom; the potential for an entirely new area of mineralization at Silver Sage; the potential continuity of the CRD property; the implementation of the objectives, goals and future plans of the Company including the proposed advancement of the Illinois Creek Project as currently contemplated; the expectation that exploration activities (including drill results) will accurately predict mineralization; the expectation that the Company will implement its drilling, geoscience and metallurgical work on its properties and work plans generally; the effective targeting activities proposed by the Company; the benefits of the Company's approach to exploration; and the anticipated benefits of the Company's approach to the resource development plan.
Such forward-looking information is based on numerous assumptions, including among others, that exploration work at the Illinois Creek Project will occur as anticipated; assay results will be received when anticipated; Silver Sage will represent an entirely new area of mineralization; the CRD property will exhibit the anticipated continuity; the Company will be able to implement its objectives, goals and future plans, including the proposed advancement of the Illinois Creek Project as currently contemplated; exploration activities (including drill results) will accurately predict mineralization; the Company will be able to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; the targeting activities proposed by the Company will be effective; and the Company's approach to exploration will result in the expected benefits. Although the assumptions made by the Company in providing forward-looking information is considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such information.
Important factors that could cause actual results to differ materially from the Company's plans or expectations include: the risk that exploration work at the Illinois Creek Project will not occur as anticipated; the risk that assay results will not be received when anticipated; the risk that Silver Sage will not represent a new area of mineralization as anticipated; the risk that the CRD property will not exhibit the anticipated continuity; the risk that the Company will not be able to implement its objectives, goals and future plans, including the proposed advancement of the Illinois Creek Project as currently contemplated; the risk that exploration activities (including drill results) will not accurately predict mineralization; the the risk that Company will not be able to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; the risk that the targeting activities proposed by the Company will not be effective; the risk that the Company's approach to exploration will not result in the expected benefits; risks related to market conditions and metal prices; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.com) under the Company's issuer profile.. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. Any forward-looking information contained in this news release is expressly qualified in their entirety by this cautionary statement. We seek safe harbor.
https://finance.yahoo.com/news/alaska-silver-announces-high-grade-120000996.html
Oleblue
7月前
Alaska Silver 2025 Exploration Update
Newsfile
October 15, 2025
Tucson, Arizona--(Newsfile Corp. - October 15, 2025) - Alaska Silver Corp. (TSXV: WAM) (OTCQX: WAMFF) (the "Company," "Alaska Silver" or "WAM") is pleased to provide an exploration update for the 2025 field program completed on its 100% owned Illinois Creek ("IC") Carbonate Replacement Deposit ("CRD") project in western Alaska. In addition to a limited drilling program, an exciting entirely new mineralization zone ("Silver Sage") was discovered through follow-up work on historical soil geochemical anomalies.
Drilling Highlights:
Drilling commenced on July 25, 2025. Drilling was completed on September 28, 2025 due to the early onset of winter weather.
A total of 2,964.0 meters were drilled across 13 exploration drill holes. Four drill holes consisting of 2,057.6m were drilled at the Waterpump Creek South target and nine drill holes consisting of 906.5m were drilled at a new discovery zone, Silver Sage.
More details about Waterpump Creek South and our Silver Sage discovery will be provided as assay results are received and reviewed.
Field Activities:
13 trenches at Silver Sage were excavated, mapped, and sampled.
Over 150 excavator pits were mapped to advance the IC district geological interpretation.
Additional field mapping and geochemical sampling were conducted across the district, targeting new areas of CRD potential identified from the 2024 SkyTEM geophysical survey flown by the US Geological Survey and Alaska Depart of Geological & Geophysical Survey.
46 new State of Alaska mining claims were staked to expand our claim block.
"The approval of our prospectus by the United States Securities and Exchange Commission on September 30 and the successful closing of our US$13.8 million US Initial Public Offering on October 3 were watershed events for Alaska Silver," stated Kit Marrs, President and CEO of Alaska Silver. "The completion of the SEC filing lifts the financing news restriction, so I look forward to communicating with our shareholders again - starting soon with this year's exploration results once we have them all in hand."
Kit Marrs continued, "The recent positive climate in capital markets and especially silver exploration enabled the Company to move forward with a limited summer field program beginning in July. We completed nearly 3,000 meters of drilling in thirteen holes. Additionally, our hardworking field crew successfully carried out an effective exploration campaign that led to the discovery of a new mineralized zone known as Silver Sage. Assays from both projects will be shared with you as they become available in the coming weeks and months."
Exploration Activities
During the 2025 field season, exploration activities were primarily focused on two areas within the Illinois Creek Project: the Waterpump Creek South extension and the newly identified Silver Sage prospect.
At Waterpump Creek South, we conducted a limited drilling campaign to identify extensions of the high-grade silver-lead-zinc massive sulfide mineralization (75 Moz @ 980 g/t AgEq Inferred - see Press Release of Feb. 22, 2024) that was initially discovered in 2021. Four diamond drill holes, totaling 2,057.6m in HQ core size, were completed. Logging and sampling activities have been completed, and we are currently awaiting assay results. These results are expected to be released during the fourth quarter of 2025. We are excited to see what further exploration of Waterpump Creek South will reveal and how it may contribute to the overall understanding of the Illinois Creek Project.
Additional field studies, following up on prior soil geochemical anomalies, led the geologic team to the discovery of "Silver Sage", an exciting, entirely new area of mineralization. This new discovery is one more indication of the continuity and potential of this large CRD property. The Silver Sage discovery lies between Warm Springs and Water Pump Creek, just off the south end of our 4400 ft airstrip. Trenching activities in this area uncovered near surface argentiferous galena, cerussite (Lead carbonate) and sphalerite mineralization. Subsequent field work included excavating pits and additional soil sampling, and we were able to finish our season with nine drill holes totaling 906.5m in this new area. Initial assay results from these activities are anticipated to be released in Q4.
Figure 1. Illinois Creek Project Map with Resources and Major Prospects.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7510/270473_402e2056945adaf6_001full.jpg
Qualified Person
Patrick Donnelly P.Geo, Executive Vice President of Alaska Silver, a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
About Alaska Silver
Alaska Silver is the pioneer of one of North America's major high-grade silver and critical minerals districts at the Illinois Creek (IC) Project in western Alaska. Anchored by the high-grade silver mineralization of the Waterpump Creek zone, 75 Moz @ 980 g/t AgEq (Inferred)1, open to the north and south and the historic Illinois Creek mine, 525 Koz AuEq - 373 Koz @ 1.3 g/t AuEq (Indicated), 152 Koz @ 1.44 g/t AuEq (Inferred)1, Alaska Silver's 100% owned carbonate replacement deposit shows significant exploration potential across its 8-km length. Located approximately 38 kilometers from the Yukon River, the region's marine highway, the claims of the IC project cover a 100% owned land package of 80,895 acres (126.36 sq miles or 32,337 hectares). Headquartered in both Alaska and Arizona, Alaska Silver brings together a team with a proven track record of large-scale mine discoveries.
1 Please refer to the NI 43-101 Technical Report titled "Illinois Creek Project Update, Illinois Creek Mining District, Western Alaska, USA" dated April 2, 2024 (effective date of February 20, 2024).
"Kit Marrs"
Kit Marrs
President & CEO
kit@alaskasilver.com
Phone: 1-520-200-1667
For further information, please contact:
Patrick Donnelly
Executive Vice President
pat@alaskasilver.com
Or visit our website at: www.alaskasilver.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. This forward-looking information relates to, among other things, ongoing and anticipated exploration work at the Illinois Creek Project; the anticipated timing of assay results and the expected results therefrom; the potential for an entirely new area of mineralization at Silver Sage; the potential continuity of the CRD property; the implementation of the objectives, goals and future plans of the Company including the proposed advancement of the Illinois Creek Project as currently contemplated; the expectation that exploration activities (including drill results) will accurately predict mineralization; the expectation that the Company will implement its drilling, geoscience and metallurgical work on its properties and work plans generally; the effective targeting activities proposed by the Company; the benefits of the Company's approach to exploration; and the anticipated benefits of the Company's approach to the resource development plan.
Such forward-looking information is based on numerous assumptions, including among others, that exploration work at the Illinois Creek Project will occur as anticipated; assay results will be received when anticipated; Silver Sage will represent an entirely new area of mineralization; the CRD property will exhibit the anticipated continuity; the Company will be able to implement its objectives, goals and future plans, including the proposed advancement of the Illinois Creek Project as currently contemplated; exploration activities (including drill results) will accurately predict mineralization; the Company will be able to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; the targeting activities proposed by the Company will be effective; and the Company's approach to exploration will result in the expected benefits. Although the assumptions made by the Company in providing forward-looking information is considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such information.
Important factors that could cause actual results to differ materially from the Company's plans or expectations include: the risk that exploration work at the Illinois Creek Project will not occur as anticipated; the risk that assay results will not be received when anticipated; the risk that Silver Sage will not represent a new area of mineralization as anticipated; the risk that the CRD property will not exhibit the anticipated continuity; the risk that the Company will not be able to implement its objectives, goals and future plans, including the proposed advancement of the Illinois Creek Project as currently contemplated; the risk that exploration activities (including drill results) will not accurately predict mineralization; the the risk that Company will not be able to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; the risk that the targeting activities proposed by the Company will not be effective; the risk that the Company's approach to exploration will not result in the expected benefits; risks related to market conditions and metal prices; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. Any forward-looking information contained in this news release is expressly qualified in their entirety by this cautionary statement. We seek safe harbor.
https://finance.yahoo.com/news/alaska-silver-2025-exploration-110000794.html
Oleblue
7月前
Alaska Silver Announces Closing of US$13.8 Million Offering
Newsfile
October 3, 2025
Tucson, Arizona--(Newsfile Corp. - October 3, 2025) - Alaska Silver Corp. (TSXV: WAM) (the "Company," "Alaska Silver" or "WAM") is pleased to announce that it has closed its previously announced offering of 21,229,000 units of the Company ("Units") at a price of US$0.65 per Unit for gross proceeds of US$13,798,850 (the "Offering"). The Offering was led by Cantor Fitzgerald & Co. ("Cantor") as lead book-running manager on behalf of a syndicate of underwriters including Canaccord Genuity Corp., ATB Capital Markets Inc. and Agentis Capital Markets (First Nations Financial Markets LP) (collectively, the "Underwriters"). Each Unit consists of one subordinate voting share and one subordinate voting share purchase warrant (a "Warrant"). Each Warrant is exercisable for one subordinate voting share of the Company at US$0.97 until the date which is three years from the closing date of the Offering. The full over-allotment option granted by the Company to the Underwriters was exercised in connection with the Offering.
The net proceeds of the Offering will be used to fund the Company's mineral exploration activities, to repay certain outstanding debt and for general working capital purposes.
The Offering was completed (i) in each of the Provinces and Territories of Canada, except for Quebec, in reliance on the "listed issuer financing" exemption from the prospectus requirements available under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and pursuant to the public offering exemption available under BC Instrument 72-503 - Distribution of Securities outside British Columbia; (ii) in the United States pursuant a prospectus that forms a part of an effective registration statement filed with the Securities and Exchange Commission; and (iii) in such other jurisdictions other than Canada and the United Sates pursuant to relevant prospectus or registration exemptions in accordance with applicable laws, provided that no prospectus filing or comparable obligation, ongoing reporting or continuous disclosure requirement or requisite regulatory or governmental approval arises or has arisen in such jurisdictions. There is no hold period on the Units issued in the Offering.
In connection with the Offering, the Company paid to the Underwriters an underwriting discount of US$1,034,913.75 and issued to the Underwriters warrants to purchase up to 849,160 subordinate voting shares (the "Underwriters' Warrants"). Each Underwriters' Warrant entitles the holder thereof to acquire subordinate voting shares of the Company at a per share exercise price of US$0.97 beginning on the date which is 180 days after September 30, 2025, which is the date of the pricing of the Offering (the "Pricing Date"), until the date which is 18 months after the Pricing Date.
https://finance.yahoo.com/news/alaska-silver-announces-closing-us-171100198.html
Oleblue
7月前
Alaska Silver Announces Pricing of Offering
Newsfile
October 1, 2025
Tucson, Arizona--(Newsfile Corp. - October 1, 2025) - Alaska Silver Corp. (TSXV: WAM) (the "Company," "Alaska Silver" or "WAM") is pleased to announce pricing of its previously announced offering (the "Offering") of units of the Company ("Units").
Pursuant to the Offering, the Company will offer 18,460,000 Units at a price of US$0.65 per Unit for gross proceeds of approximately US$12 million. Each Unit will consist of one subordinate voting share and one subordinate voting share purchase warrant (a "Warrant"). Each Warrant will be exercisable for one subordinate voting share of the Company (each, a "Warrant Share") at US$0.97 until the date which is three years from the closing date of the Offering (the "Closing Date").
Cantor Fitzgerald & Co. ("Cantor") is acting as the lead book-running manager for the Offering on behalf of a syndicate of underwriters. Cantor Fitzgerald Canada Corporation will act as an agent for the sale of any Company securities in the Offering in Canada. The Company has granted Cantor an option, exercisable in full or in part up to 30 days after the pricing of the Offering, to offer for sale up to an additional 15% of the number of Units sold pursuant to the Offering.
The net proceeds of the Offering will be used to fund the Company's mineral exploration activities, to repay certain outstanding debt and for general working capital purposes.
Closing of the Offering is expected to occur on or about October 3, 2025 and is subject to customary conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV").
The Offering will be completed (i) in each of the Provinces and Territories of Canada, except for Quebec, in reliance on the "listed issuer financing" exemption from the prospectus requirements available under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and pursuant to the public offering exemption available under BC Instrument 72-503 - Distribution of Securities outside British Columbia; (ii) in the United States pursuant a prospectus that forms a part of an effective registration statement filed with the Securities and Exchange Commission; and (iii) in such other jurisdictions other than Canada and the United Sates pursuant to relevant prospectus or registration exemptions in accordance with applicable laws, provided that no prospectus filing or comparable obligation, ongoing reporting or continuous disclosure requirement or requisite regulatory or governmental approval arises in such jurisdictions.
There is an amended and restated offering document related to the Offering (the "Offering Document") that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.alaskasilver.com. Prospective investors should read this Offering Document before making an investment decision concerning the Units.
The Offering will be made in the U.S. only by means of a prospectus forming a part of the registration statement. A copy of the preliminary prospectus related to the Offering may be obtained from Cantor Fitzgerald & Co., 110 East 59th Street, New York, NY 10022, or via email at prospectus[ @foreverfree. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.
The Company has also agreed to issue to the underwriters warrants to purchase up to a number of subordinate voting shares equal to 4.0% of the Units sold in the Offering (the "Underwriters' Warrants"). Each Underwriters' Warrant shall entitle the holder thereof to acquire one subordinate voting share of the Company at US$0.97 beginning on the date which is 180 days after the pricing of the Offering until the date which is 18 months after the pricing of the Offering.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Alaska Silver
Alaska Silver is one of the pioneers of North America's next major silver and critical minerals district at the Illinois Creek Project, a prolific 8-km mineral corridor hosting two stand-alone deposits with a new Warm Springs discovery zone in between (the "IC project"). The claims of the IC project cover a 100% owned land package of 73,535 acres (115 square miles or 29,758 hectares), located approximately 38 kilometers from the region's marine highway, the Yukon River.
"Kit Marrs"
Kit Marrs
President & CEO
Phone: (520) 200-1667
kit@alaskasilver.com
Patrick Donnelly
Executive Vice President
pat@alaskasilver.com
Or visit our website at: www.alaskasilver.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof. This forward looking information relates to, among other things: the completion of the Offering; the intended use of proceeds from the Offering; and the receipt of all necessary approvals for the completion of the Offering, including the approval of the TSXV.
Such forward-looking information is based on numerous assumptions, including among others, that the Company will complete Offering in the timeframe and on the terms as anticipated by management, that the Company will be able to utilize the proceeds of the Offering in the manner intended, and that the Company will receive all necessary approvals for the completion of the Offering, including the approval of the TSXV. Although the assumptions made by the Company in providing forward-looking information is considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such information.
Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the failure to complete the Offering in the timeframe and on the terms as anticipated by management, market conditions, metal prices, and risks relating to the Company not receiving all necessary approvals for the completion of the Offering, including the approval of the TSXV. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. Any forward-looking information contained in this news release is expressly qualified in their entirety by this cautionary statement. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268676
https://finance.yahoo.com/news/silver-mountain-resources-raises-near-162631708.html
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