Alaska Silver (TSXV: WAM) appoints Aaron Schutt and issues new equity awards

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Alaska Silver Corp. appointed Aaron Schutt to its Board of Directors effective May 13, 2026. Schutt is President and CEO of Doyon Limited and brings long experience in Alaska-focused natural resource and utility businesses.

The company also granted 1,045,609 restricted share units to directors and officers and 960,000 stock options to directors, officers, employees and consultants, including 500,000 options to directors and officers. Each RSU converts into one common share after one year, and each option is exercisable at C$0.805 for five years.

The accompanying news release highlights Alaska Silver’s Illinois Creek Project, including significant inferred and indicated mineral resources, and discusses forward-looking expectations around a simplified capital structure, new CUSIP/ISIN and potential trading liquidity benefits.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

RSUs granted: 1,045,609 RSUs Stock options granted: 960,000 options Options to directors and officers: 500,000 options +5 more

8 metrics

RSUs granted 1,045,609 RSUs Granted to directors and officers; each RSU equals one common share after one year

Stock options granted 960,000 options Granted to directors, officers, employees and consultants

Options to directors and officers 500,000 options Portion of total options granted to directors and officers

Option exercise price C$0.805 per share Exercise price for all newly granted stock options, five-year term

Waterpump Creek resource 75 Moz AgEq Inferred Mineral Resource at 279 g/t Ag, 11.28% Zn, 9.87% Pb

Illinois Creek indicated gold 260,000 oz Au Indicated Mineral Resources at 0.92 g/t Au

Illinois Creek indicated silver 8.3 Moz Ag Indicated Mineral Resources at 29.72 g/t Ag

Illinois Creek inferred silver 10.4 Moz Ag Inferred Mineral Resources at 30.11 g/t Ag

Key Terms

restricted share units, Inferred Mineral Resource, Indicated Mineral Resources, NI 43-101 Technical Report, +2 more

6 terms

Inferred Mineral Resource financial

"Waterpump Creek zone, which hosts an Inferred Mineral Resource of 75 Moz AgEq"

An inferred mineral resource is an early-stage estimate of the amount and grade of minerals in the ground based on limited sampling and geological evidence; think of it as a rough sketch of where valuable material might be, rather than a detailed blueprint. It matters to investors because it signals potential upside but carries high uncertainty—further drilling and study are needed before it can support mine planning or reliable economic forecasts.

Indicated Mineral Resources financial

"leaving untouched Indicated Mineral Resources of 260,000 oz gold and 8.3 Moz silver"

Indicated mineral resources are quantities and qualities of a mineral deposit estimated with a reasonable level of confidence based on spaced sampling and analysis, sitting between a rough guess and a high-certainty measurement. For investors, they matter because they support preliminary economic studies and mine planning—think of them as a reasonably reliable shopping list for a recipe, useful for deciding whether to invest further but not yet proof that profitable extraction is guaranteed.

NI 43-101 Technical Report regulatory

"Please refer to the NI 43-101 Technical Report titled "Illinois Creek Project, Western Alaska, USA""

A NI 43-101 technical report is a standardized, legally required study used in Canada that describes a mining project’s geology, exploration work, and estimates of how much mineral or ore might exist. Think of it as an independent inspector’s blueprint that explains the data, methods, and uncertainties behind those estimates so investors can judge how reliable the claims are and compare projects on a consistent basis.

forward-looking information regulatory

"This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation."

Forward-looking information are predictions, plans, estimates or expectations about a company’s future performance, results or events, such as sales forecasts, project timelines, or anticipated costs. It matters to investors because these statements guide expectations but rely on assumptions and uncertain factors—like a weather forecast for a business—so investors should treat them as informed guesses rather than guarantees and consider the risks and possible changes behind the numbers.

TSX Venture Exchange regulatory

"Neither TSX Venture Exchange nor its Regulation Services Provider ... accepts responsibility"

A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.

Understanding 8-K Material Events →

05/14/2026 - 07:58 AM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 14, 2026

ALASKA SILVER CORP.
(Exact name of registrant as specified in its charter)

British Columbia	333-290204	87-4818470
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

1500-1111 West Hastings St,
Vancouver, British Columbia, Canada V6E 2J3
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (520) 200-1667

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 13, 2026, the Board of Directors (the "Board") of Alaska Silver Corp. (the "Company") appointed Aaron Schutt as a director of the Company, effective May 13, 2026.

There are no arrangements or understandings between Mr. Schutt and any other person pursuant to which Mr. Schutt was selected as a director. Mr. Schutt has not been appointed to any committee of the Board at this time. There are no transactions involving Mr. Schutt that would be required to be reported under Item 404(a) of Regulation S-K. Directors are entitled to annual compensation of $36,000 which can be paid in cash or restricted share units ("RSUs"), at the election of the director. Grants of options can also be awarded at the discretion of board of directors

Also on May 13, 2026, the Company granted an aggregate of 1,045,609 RSUs to directors and officers and 960,000 stock options to certain directors, officers, employees and consultants, of which 500,000 stock options were granted to directors and officers of the Company. The grants were made in accordance with the Company's compensation policy. Each RSU entitles the holder to receive one common share of the Company upon vesting and will vest one year from the grant date. Each stock option is exercisable at C$0.805 per share for a term of five years.

Item 7.01. Regulation FD Disclosure.

On May 14, 2026, the Company issued a press release entitled "Alaska Silver Announces Appointment of Aaron Schutt as Director." A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated by reference into this Item 7.01.

The information set forth in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section. The information set forth in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing, except as shall be expressly set forth by specific reference in such a filing. This Current Report on Form 8-K (the "Report") will not be deemed an admission as to the materiality of any information in this Report that is required to be disclosed solely by Regulation FD.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press release entitled "Alaska Silver Announces Appointment of Aaron Schutt as Director," dated May 14, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 14, 2026

ALASKA SILVER CORP.

By: /s/ Darren Morgans_________________________

Darren Morgans

Chief Financial Officer

NEWS RELEASE

ALASKA SILVER ANNOUNCES APPOINTMENT OF AARON SCHUTT AS DIRECTOR

TUCSON, ARIZONA, US - May 14, 2026 - Alaska Silver Corp. (the "Company," "Alaska Silver" (TSXV: "WAM") announces the appointment of Mr. Aaron Schutt to the Board of Directors of the Company effective May 13, 2026. A native Alaskan, Mr. Schutt is currently the President and CEO of Doyon Limited.

In his role as CEO and President, Mr. Schutt is responsible for the overall direction of the Doyon Family of Companies with +$500 million of revenue. During his 20 years with Doyon, Mr. Schutt has led the company in its pursuit of responsible natural resource development, arctic-focused businesses, and utilities development serving US military bases in Alaska, along with many traditional uses of the lands.

Prior to being named Doyon President and CEO, Mr. Schutt served as Doyon's Senior Vice President and Chief Operating Officer from 2008 to 2011. He graduated with honors and as an S. Town Stephenson scholar from Washington State University with a bachelors of science in civil engineering. Mr. Schutt went on to receive a masters of science in civil engineering from Stanford University, followed by his juris doctorate from Stanford Law School.

Mr. Schutt is Koyukon Athabascan and is an enrolled member of the Native Village of Tanana. He serves on the Board of Directors for Northrim BanCorp, Inc., Akeela, Inc., and the University of Alaska Fairbanks Board of Advisors.

Kit Marrs, CEO, stated: "We are extremely excited about strengthening our board of directors with the addition of Aaron Schutt. He has a long track record of success building numerous Alaska-based companies with a wide range of business lines. Having someone with deep roots in Alaska, as well as someone who is highly respected in the Alaskan business community will greatly expand our connections in our home state."

"I am very pleased to join the board of Alaska Silver," said Mr. Schutt. "Alaska Silver's project area is in a part of Alaska I care deeply about and I look forward to helping responsible development move forward."

Grant of Stock Options and RSU's

In addition, the Company announces that it has granted an aggregate of 1,045,609 restricted share units ("RSUs") to directors and officers and 960,000 stock options to certain directors, officers, employees and consultants, of which 500,000 stock options were granted to directors and officers of the Company. The grants were made in accordance with the Company's compensation policy. Each RSU entitles the holder to receive one common share of the Company upon vesting and will vest one year from the grant date. Each stock option is exercisable at C$0.805 per share for a term of five years.

About Alaska Silver

Alaska Silver is a junior exploration company focused on the discovery and development of high-grade silver, gold and critical metals assets within one of North America's major high-grade silver and critical minerals districts at their Illinois Creek (IC) Project in western Alaska. Illinois Creek is a contiguous, 100%-owned land package totaling 80,895 acres (126.4 square miles or 32,337 hectares) anchored by two resource-level mineralization zones separated by 8 km of high potential exploration ground. At one end lies the high-grade silver mineralization at the Waterpump Creek zone, which hosts an Inferred Mineral Resource of 75 Moz AgEq at a grade of 279 g/t silver, 11.28 % zinc and 9.87% lead^1,2, that remains open to the north and south, as well as by the Illinois Creek mine. At the western end is the historical past-producing Illinois Creek Mine that closed due to low metal prices leaving untouched Indicated Mineral Resources of 260,000 oz gold at 0.92 g/t Au and 8.3 Moz silver at 29.72 g/t Ag, along with Inferred Mineral Resources of 290,000 oz gold at 0.84 g/t Au and 10.4 Moz silver at 30.11 g/t Ag^2,3. The IC Project is located approximately 38 kilometers from the Yukon River, the region's primary marine transportation corridor. Headquartered in Alaska and Arizona, Alaska Silver is led by a team with a proven track record of large-scale mine discoveries.

¹ For Waterpump Creek, the formulas for AgEq are AgEq (g/t)= Ag (g/t) + 28.56 x Pb(%) + 37.12 x Zn(%) and assume metal prices of US$24/oz Ag, US$1.30/lb Zn, and US$ 1.00/lb Pb.

² Please refer to the NI 43-101 Technical Report titled "Illinois Creek Project, Western Alaska, USA" dated February 25, 2026 (effective date of January 22, 2026).

³ For Illinois Creek, AuEq values are based only on gold and silver values using metal prices of US$3,500/oz Au and US$45/oz Ag.

"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 intended timing of trading of the Common Shares under a new CUSIP / ISIN and the Company's expectation that the simplification of its capital structure will result in enhanced trading liquidity and a clearer understanding of the Company's market value for investors.

Such forward-looking information is based on numerous assumptions, including among others, that the Common Shares will begin trading under a new CUSIP / ISIN on the timing anticipated and that the simplification of the Company's capital strucutre will result in enhanced trading liquidity and a clearer understanding of the Company's market value for investors. 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 the Common Shares will not begin trading under the new CUSIP / ISIN on the timing anticipated or at all, and the risk that the simplification of the Company's capital structure will not result in enhanced trading liquidity or a clearer understanding of the Company's market value for investors. 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.

Source: View Original Filing on SEC EDGAR

FAQ

What board change did Alaska Silver (WAMFF) announce in this 8-K?

Alaska Silver appointed Aaron Schutt to its Board of Directors effective May 13, 2026. Schutt is President and CEO of Doyon Limited, bringing extensive experience in Alaska-centered natural resource development, arctic-focused businesses, and utilities serving U.S. military bases.

What equity compensation did Alaska Silver (WAMFF) grant to insiders and staff?

Alaska Silver granted 1,045,609 restricted share units to directors and officers and 960,000 stock options to directors, officers, employees and consultants. Each RSU converts into one common share after one year, while each option is exercisable at C$0.805 per share for five years.

How many Alaska Silver stock options went to directors and officers?

Out of 960,000 total stock options granted, 500,000 options were awarded to Alaska Silver’s directors and officers. These options follow the company’s compensation policy and are exercisable at C$0.805 per share with a five-year term from the grant date.

What mineral resources does Alaska Silver (WAMFF) report at Waterpump Creek?

At the Waterpump Creek zone, Alaska Silver reports an Inferred Mineral Resource of 75 million ounces silver equivalent at 279 g/t silver, 11.28% zinc and 9.87% lead. The mineralization remains open to the north and south for further exploration potential within the Illinois Creek Project.

What resources remain at the historical Illinois Creek Mine operated by Alaska Silver?

The historical Illinois Creek Mine hosts Indicated Mineral Resources of 260,000 ounces gold at 0.92 g/t and 8.3 million ounces silver at 29.72 g/t, plus Inferred Mineral Resources of 290,000 ounces gold at 0.84 g/t and 10.4 million ounces silver at 30.11 g/t.

What forward-looking expectations does Alaska Silver describe around its capital structure?

Alaska Silver discusses forward-looking expectations that trading its common shares under a new CUSIP/ISIN and simplifying its capital structure may enhance trading liquidity and provide investors a clearer understanding of market value, while cautioning that actual results may differ materially from these expectations.

Filing Exhibits & Attachments

6 documents

Press Releases

EX-99.1 EXHIBIT 99.1 12.2 KB