Western Alaska Minerals Announces Name Change to Alaska Silver
Rhea-AI Summary
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.
Positive
- Substantial silver resource: 75 million ounces of silver equivalent at high grade of 980 g/t
- 100% ownership of the Illinois Creek Project
- Planned expansion of high-grade mineralization through 2025 drill program
Negative
- Resource currently in inferred category, requiring additional drilling for higher confidence classification
News Market Reaction – WAMFF
In the trading session that priced this news, WAMFF declined 30.23%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TUCSON, ARIZONA / ACCESS Newswire / April 24, 2025 / Western Alaska Minerals Corp. (the "Company" or "WAM") (TSXV:WAM)(Frankfurt:M17)(OTC PINK:WAMFF) is pleased to announce that effective April 25, 2025, the Company will change its name to "Alaska Silver Corp.", subject to the final approval of the TSX Venture Exchange (the "TSXV"). The rebrand reflects the Company's value, underpinned by the 75 million ounces of silver equivalent at 980 grams per ton in the inferred resource at the Waterpump Creek Deposit ("Waterpump Creek") - a cornerstone of its
"I am excited to announce our name change to Alaska Silver. The name change represents our renewed focus on the exceptional silver value in the district. As such, our planned 2025 drill program will concentrate on expanding the high-grade mineralization at the Waterpump Creek Deposit." stated Kit Marrs, CEO.
Mr. Marrs continues, "Silver continues to prove invaluable both as a superior electrical conductor for industrial uses and as a sound financial investment. While advancing our silver assets, we remain committed to developing the other critical minerals at Illinois Creek, strengthening the Company's overall value proposition."
The Company's subordinate voting shares ("Shares") are expected to commence trading under the Company's new name and under a new CUSIP/ISIN (01176C109 / CA01176C1095) on the TSXV at the opening of business on April 29, 2025. The rebranded website www.alaskasilver.com will be live on Monday, April 28, 2025. The Company's trading symbol will remain the same.
About WAM
Western Alaska Minerals is pioneering 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 Illinois Creek project claims cover a
On behalf of the Company
"Kit Marrs"
Kit Marrs
President & CEO
kit@westernalaskaminerals.com
Phone: 1-520-200-1667
For further information, please contact:
Vanessa Bogaert,
Director of Corporate Communications/IR
vanessa@westernalaskaminerals.com
Or visit our website at: www.westernalaskaminerals.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.
SOURCE: Western Alaska Minerals Corp
View the original press release on ACCESS Newswire