Welcome to our dedicated page for Alaska Silver news (Ticker: WAMFF), a resource for investors and traders seeking the latest updates and insights on Alaska Silver stock.
Western Alaska Minerals Corp (WAMFF) delivers focused mineral exploration in Alaska's CRD system, combining historic data with modern geophysical techniques. This news hub provides investors with essential updates on drilling campaigns, resource estimates, and operational developments.
Access verified reports including NI 43-101 technical disclosures, exploration strategy announcements, and partnership updates. Our curated collection features press releases on high-grade mineralization findings, geophysical survey results, and strategic land acquisitions.
Key updates cover step-out drilling progress at Waterpump Creek, Illinois Creek resource modeling, and logistical developments along the Yukon River corridor. Content is rigorously vetted to ensure compliance with mining disclosure standards and geological accuracy.
Bookmark this page for real-time access to WAMFF's exploration milestones. Monitor evolving resource potential through systematic updates from one of Alaska's most active CRD-focused explorers.
Alaska Silver (OTCQX: WAMFF) announced the discovery of a new high-grade mineralized zone named Silver Sage at its 100%‑owned Illinois Creek CRD project in western Alaska on November 3, 2025. Early surface work returned grab samples up to 1,235 g/t Ag (with 65% Pb) and channel results of 326 g/t Ag over 0.5 m. Exploration to date includes 8 trenches, >100 excavator pits and 9 drill holes totaling 906.5 m. A ~550 m mineralized strike and >1.1 km alteration corridor were mapped. Pending assays from the 9‑hole program and further drilling/targeting toward a district‑scale CRD‑porphyry source are next steps.
Alaska Silver (OTCQX: WAMFF) provided an exploration update for its 100%‑owned Illinois Creek CRD project on October 15, 2025, reporting a completed 2025 field program and a new discovery.
Key points: 2,964.0 m drilled across 13 holes (July 25–Sept 28, 2025); Waterpump Creek South (4 holes, 2,057.6 m) and a new zone Silver Sage (9 holes, 906.5 m). 13 trenches and >150 excavator pits were completed; 46 new Alaska claims were staked.
The company closed a US$13.8M US IPO on Oct 3, 2025 and received SEC prospectus approval on Sept 30, 2025. Assay results from both targets are expected in Q4 2025.
Alaska Silver (WAMFF) closed a US$13.8 million offering on October 3, 2025, selling 21,229,000 Units at US$0.65 per Unit for gross proceeds of US$13,798,850. Each Unit includes one subordinate voting share and one warrant exercisable at US$0.97 for three years from closing. The full over-allotment option was exercised.
Net proceeds will fund mineral exploration, repay certain debt and provide working capital. The offering was led by Cantor Fitzgerald with a syndicate of underwriters. The company paid an underwriting discount of US$1,034,913.75 and issued 849,160 underwriters' warrants exercisable at US$0.97 starting 180 days after Sept 30, 2025 for 18 months.
Alaska Silver Corp. (TSXV: WAM) has announced the pricing of its new unit offering at US$0.65 per unit, aiming to raise approximately US$12 million in gross proceeds. The company will offer 18,460,000 Units, with each unit consisting of one subordinate voting share and one warrant exercisable at US$0.97 for three years.
Cantor Fitzgerald & Co. is leading the offering as book-running manager and has been granted a 30-day option to purchase up to an additional 15% of units. The offering is expected to close around October 3, 2025, subject to regulatory approvals. The proceeds will fund mineral exploration activities, debt repayment, and working capital needs.
Alaska Silver (TSXV: WAM) has announced its intention to proceed with a securities offering in Canada through the Listed Issuer Financing Exemption under National Instrument 45-106, modifying its previous plan to use a prospectus supplement. The company has filed an Offering Document available on SEDAR+ and its website.
Cantor Fitzgerald & Co. will serve as the lead book-running manager, with Cantor Fitzgerald Canada Corporation handling Canadian sales. The offering's pricing and terms will be determined by market conditions, pending necessary approvals from TSXV and SEC review.
Alaska Silver (TSXV: WAM, WAMFF) has announced the public filing of a registration statement with the SEC for its proposed U.S. initial public offering. Cantor Fitzgerald & Co. will serve as the lead book-running manager for the offering, while Cantor Fitzgerald Canada Corporation will handle sales in Canada.
The offering's pricing and terms will be determined based on market conditions at the time of pricing. The IPO completion is contingent on various approvals, including TSXV and SEC clearance. The securities will be offered in the U.S. through a prospectus and in select Canadian provinces through a prospectus supplement to the company's base shelf prospectus dated November 21, 2023.
Alaska Silver (OTC:WAMFF) held its Annual General Meeting on June 26, 2025, where shareholders approved all proposed matters. The meeting resulted in the re-election of the entire board of directors, including Christopher Marrs, Nathan Brewer, David Smallhouse, Susan Mitchell, and Kevin Nishi.
Shareholders also approved the re-appointment of Davidson & Company LLP as auditors and the Company's 10% rolling Long Term Incentive Plan. Additionally, the Company issued 46,950 restricted share units (RSUs) to non-executive directors, which will vest one year from the grant date.
Alaska Silver (OTC:WAMFF) has appointed Patrick Donnelly as Executive Vice President, bringing nearly three decades of experience in mineral exploration, capital markets, and corporate development. Donnelly, a Professional Geoscientist, has significant experience in Alaska from his role at Trilogy Metals Inc., where he advanced the Upper Kobuk Mineral Projects.
Donnelly's notable career includes serving as President at First Mining Gold Corporation, where he led the company's IPO and completed eight major transactions. He holds an MBA from the University of Toronto and a BSc in Geological Sciences from UBC. The company has also granted 400,000 stock options to officers at an exercise price of $0.73 with a 5-year term.
Western Alaska Minerals (TSXV:WAM, OTC:WAMFF) announced its name change to Alaska Silver Corp., effective April 25, 2025, subject to TSX Venture Exchange approval. The rebranding reflects the company's focus on its Waterpump Creek Deposit, which contains 75 million ounces of silver equivalent at 980 grams per ton in inferred resources.
The company's shares will begin trading under the new name and CUSIP/ISIN (01176C109 / CA01176C1095) on April 29, 2025, while maintaining its current trading symbols. The rebranded website alaskasilver.com will launch on April 28, 2025. The company plans to concentrate its 2025 drill program on expanding the high-grade mineralization at Waterpump Creek while maintaining development of other critical minerals at the Illinois Creek Project.
Western Alaska Minerals (TSXV:WAM) has started drilling on its 100% owned Illinois Creek property in western Alaska. The drilling aims to link separate zones of the silver-rich carbonate replacement deposit (CRD) system over a 6-8 km stretch, focusing initially on the LH and Warm Springs zones.
The program includes 4,000 meters of diamond core drilling, with targets set along a 5 km trend connecting Waterpump Creek, Warm Springs, and Illinois Creek Mine. The LH and Warm Springs zones show high-grade oxide intercepts and similar geophysical and soil geochemical signatures to Waterpump Creek.
CEO Kit Marrs emphasized the potential for continuous high-grade mineralization. The first hole in the LH zone started on June 6 and is nearing completion. Updates and assay results will be shared as available.
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