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Alaska Silver grants 375K director stock options

Alaska Silver granted 375,000 director stock options and highlighted NI 43-101 mineral resources at its Illinois Creek exploration project in western Alaska.

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Alaska Silver Corp. (WAMFF) reported that on September 2, 2026 it granted an aggregate of 375,000 stock options to certain (non-executive) directors under its director compensation policy. Each option is exercisable at C$0.71 per share for a term of five years.

Alaska Silver describes itself as a junior exploration company focused on high-grade silver, gold and critical metals at its 100%-owned Illinois Creek Project in western Alaska, a 80,895-acre land package. The Waterpump Creek zone hosts an Inferred Mineral Resource of 75 Moz AgEq at a grade of 279 g/t silver, 11.28% zinc and 9.87% lead, while the historical Illinois Creek Mine area contains 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 and 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, as referenced in a NI 43-101 technical report.

Positive

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Negative

  • None.
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, or exhibit attachments filed with this report.
Director stock options granted 375,000 options Aggregate grant to certain (non-executive) directors on September 2, 2026
Option exercise price C$0.71 per share Exercise price for each of the 375,000 director stock options
Option term 5 years Term of director stock options granted September 2, 2026
Illinois Creek Project land package 80,895 acres Size of Alaska Silver’s 100%-owned Illinois Creek Project in western Alaska
Waterpump Creek Inferred Mineral Resource 75 million oz AgEq Inferred Mineral Resource at Waterpump Creek zone within Illinois Creek Project
Waterpump Creek grades 279 g/t Ag, 11.28% Zn, 9.87% Pb Grades associated with the 75 Moz AgEq Inferred Mineral Resource at Waterpump Creek
Illinois Creek Indicated Mineral Resources 260,000 oz Au; 8.3 million oz Ag Indicated Mineral Resources at historical Illinois Creek Mine area
Illinois Creek Inferred Mineral Resources 290,000 oz Au; 10.4 million oz Ag Inferred Mineral Resources at historical Illinois Creek Mine area
Inferred Mineral Resource technical
"which hosts an Inferred Mineral Resource of 75 Moz AgEq at a grade"
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 technical
"leaving untouched Indicated Mineral Resources of 260,000 oz gold at 0.92 g/t"
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.
AgEq technical
"For Waterpump Creek, the formulas for AgEq are AgEq (g/t)= Ag (g/t)"
NI 43-101 Technical Report regulatory
"Please refer to the NI 43-101 Technical Report titled "Illinois Creek Project"
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.
Qualified Person regulatory
"Patrick Donnelly, P.Geo, Executive Vice President of Alaska Silver and a Qualified Person"
A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.
director compensation policy financial
"to certain non-executive directors of the Company in accordance with the Company's director compensation policy"

FAQ

What stock options did Alaska Silver Corp. (WAMFF) grant to its directors?
Alaska Silver granted an aggregate of 375,000 stock options to certain directors on September 2, 2026. Each option is exercisable at C$0.71 per share and has a five-year term, in accordance with the company’s director compensation policy.

What are the key terms of the new Alaska Silver (WAMFF) stock options?
The newly issued director options total 375,000, each with an exercise price of C$0.71 per share and a five-year term. The options were granted under Alaska Silver’s existing compensation policy for directors.

What mineral resources does Alaska Silver (WAMFF) report at the Waterpump Creek zone?
At Waterpump Creek, Alaska Silver reports an Inferred Mineral Resource of 75 Moz AgEq at 279 g/t silver, 11.28% zinc and 9.87% lead, based on an NI 43-101 technical report using specified metal price assumptions.

What resources are reported at the historical Illinois Creek Mine within Alaska Silver’s project?
Within the Illinois Creek Mine area, Alaska Silver reports 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, plus 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.

How large is Alaska Silver’s Illinois Creek Project land package?
Alaska Silver’s Illinois Creek Project is a 100%-owned contiguous land package totaling 80,895 acres, described as 126.4 square miles or 32,337 hectares, located in western Alaska about 38 kilometers from the Yukon River.

On which markets is Alaska Silver Corp. (WAMFF) listed?
Alaska Silver states that its shares trade on the TSXV as “WAM”, the Frankfurt Stock Exchange as M17, and the OTCPK as WAMFF, providing multi-jurisdictional trading venues for its equity.

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false 2026-09-02 0001893899 Alaska Silver Corp. 0001893899 2026-09-02 2026-09-02

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): September 2, 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 September 2, 2026, the Company granted an aggregate of 375,000 stock options to certain directors of the Company. The grants were made in accordance with the Company's compensation policy. Each stock option is exercisable at C$0.71 per share for a term of five years.

Item 7.01. Regulation FD Disclosure.

On September 3, 2026, the Company issued a press release entitled "Alaska Silver Announces Grant of Options." 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 Grant of Options," dated September 3, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

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: September 3, 2026

  ALASKA SILVER CORP.
     
  By: /s/ Darren Morgans
    Darren Morgans
    Chief Financial Officer

3

NEWS RELEASE

ALASKA SILVER ANNOUNCES GRANT OF OPTIONS

TUCSON, ARIZONA, US - September 3, 2026 - Alaska Silver Corp. (the "Company" or "Alaska Silver") (TSXV: "WAM", Frankfurt: M17, OTCPK: WAMFF) announces that it has issued an aggregate of 375,000 stock options to certain non-executive directors of the Company in accordance with the Company's director compensation policy. Each stock option is exercisable at C$0.71 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 the eastern 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% lead1,2, that remains open to the north and south. At the western end is the historical past-producing Illinois Creek Mine that closed in 1998 and was reclaimed in 2002 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 at 0.84 g/t Au and 10.4 Moz silver at 30.11 g/t Ag2,3. 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.

1For 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.

2Please 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).

3For 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.

Qualified Person

Patrick Donnelly, P.Geo, Executive Vice President of Alaska Silver and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

On behalf of the Company,

"Kit Marrs"

Kit Marrs

President & CEO

info@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) accept responsibility for the adequacy or accuracy of this release.

Source: View Original Filing on SEC EDGAR

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