Alaska Silver Corp. (WAMFF) generates frequent news flow around its efforts to advance the Illinois Creek Project, a high-grade silver and critical minerals district in western Alaska. Company updates focus on exploration results, new discovery zones, financing activities, and corporate developments that shape the outlook for this exploration-stage issuer.
Recent press releases describe drilling and field programs at key zones such as Waterpump Creek South and the newly identified Silver Sage zone, where trenching, pit sampling, and initial drilling have confirmed mineralization within the broader carbonate replacement deposit system. Alaska Silver’s news also highlights technical details from surface and trench samples, geophysical surveys, and the staking of additional State of Alaska mining claims to expand the project area.
Investors following WAMFF news will see coverage of capital markets milestones, including the filing and amendment of a U.S. registration statement on Form S-1, the pricing and closing of a U.S. unit offering, and the use of the Listed Issuer Financing Exemption in Canada. Corporate governance items such as annual general meeting results, incentive plan approvals, stock option grants, and restricted share unit awards are also disclosed through news releases and related SEC filings.
Another recurring news theme is the company’s rebrand from Western Alaska Minerals to Alaska Silver, reflecting its emphasis on silver value at the Waterpump Creek deposit and across the Illinois Creek district. For readers tracking WAMFF, this news page offers a centralized view of exploration updates, financing transactions, and regulatory disclosures. Bookmark this feed to monitor new discovery announcements, technical updates from NI 43-101 Qualified Persons, and material events reported through coordinated press releases and Form 8-K filings.
Alaska Silver (WAMFF) appointed Aaron Schutt as President and Chief Executive Officer, succeeding Christopher (Kit) Marrs effective October 1, 2026. Marrs remains Executive Chairman and will provide technical advice.
The company issued 1,509,710 common shares at $0.82 per share to settle outstanding management fees owed to Christopher Marrs, Joan Marrs and Joe Piekenbrock. The fees accrued during 2023–2025 for Christopher and Joan Marrs and from 2022 to present for Piekenbrock.
Alaska Silver also granted 109,770 restricted share units and 525,000 stock options to directors and a consultant. Each restricted share unit converts into one common share upon vesting one year after grant. The options are exercisable at C$0.68 per share for five years; 500,000 were granted to a director and officer.
Alaska Silver (WAMFF) granted 375,000 stock options to certain non-executive directors as part of its director compensation policy. Each option is exercisable at C$0.71 per share for a five-year term.
The company is a junior exploration issuer focused on the Illinois Creek Project in western Alaska, a 100%-owned, 80,895-acre land package. Waterpump Creek hosts an Inferred Mineral Resource of 75 Moz AgEq at 279 g/t silver, 11.28% zinc and 9.87% lead. The historical Illinois Creek Mine area contains Indicated resources of 260,000 oz gold and 8.3 Moz silver, plus additional Inferred gold and silver resources.
Alaska Silver (OTCQX: WAMFF) appointed Dr. Lance Miller as Technical Advisor. Dr. Miller is Vice President of Natural Resources for NANA Regional Corporation and has over 35 years of mining experience in Alaska and globally.
He will support advancement of the Illinois Creek project, while Darwin Green has stepped down from the Technical Committee.
Alaska Silver (OTCQX: WAMFF) reported results from its June 19, 2026 shareholder meeting and updated its 2026 exploration program.
About 26.95 million shares, or 30.36% of shares outstanding, were represented. All resolutions passed, including director elections, auditor appointment, Long Term Incentive Plan, and issuance of shares to insiders to settle debt. The 6,000-metre Illinois Creek exploration program has completed just over 1,000 metres, with two drill rigs active at Silver Sage and Waterpump Creek North and multiple priority targets being tested.
Alaska Silver (OTCQX: WAMFF) appointed Aaron Schutt as Chief Executive Officer effective October 1, 2026, succeeding co-founder Christopher (Kit) Marrs.
Marrs retires as President and CEO on that date and becomes Executive Chairman immediately, supporting continuity and technical guidance as the Illinois Creek District advances.
Alaska Silver (OTCQX: WAMFF) has begun its fully funded 2026 drill and exploration program at the 100%-owned Illinois Creek Project in western Alaska, totaling 6,000 meters with two rigs. Key goals are expanding the Waterpump Creek resource, advancing Silver Sage, and progressing TG/TG North and Illinois Creek corridor targets through trenching and regional work.
Alaska Silver (WAMFF) plans to settle C$1,237,962 of deferred management fee debt by issuing 1,509,710 common shares at C$0.82 each to three executives, subject to TSXV and disinterested shareholder approval on June 19, 2026.
The transaction is a related party deal under MI 61-101 but relies on valuation and minority-approval exemptions. Alaska Silver also granted 100,000 stock options to an officer at C$0.82, exercisable for five years.
Alaska Silver (TSXV: WAM, OTC: WAMFF) appointed Aaron Schutt to its Board of Directors effective May 13, 2026. Schutt is President and CEO of Doyon, overseeing companies with over $500 million in revenue, and holds engineering and law degrees from Stanford.
The company also granted 1,045,609 RSUs to directors and officers and 960,000 stock options to directors, officers, employees, and consultants. Each RSU vests in one year, and each option is exercisable at C$0.805 for five years.
Alaska Silver (TSXV: WAMFF) simplified its capital structure by eliminating proportionate voting shares and renaming subordinate voting shares to Common Shares, effective via Articles amendment approved May 6, 2026.
All proportionate voting shares were converted March 9, 2026. New CUSIP 01176C208 and ISIN CA01176C2085 are expected at market open May 11, 2026; the trading symbol WAM is unchanged.
Alaska Silver (OTCQX: WAMFF) announced a fully funded 6,000-metre 2026 diamond drill program at its 32,737-hectare Illinois Creek project, using two company-owned rigs and surface trenching beginning in early June.
Drilling targets include expansion of the high-grade Waterpump Creek inferred resource (980 g/t AgEq) and follow-up of the newly discovered Silver Sage zone, plus regional CRD-porphyry exploration at Round Top.