Alaska Silver Corp. (WAMFF) targets C$7.6M PIPE to expand Alaska drilling

Q: What financing did Alaska Silver Corp. (WAMFF) announce on August 11, 2026?

Alaska Silver Corp. announced a PIPE financing of up to C$7,615,800 , issuing up to 13,846,910 Units at C$0.55 per Unit, each Unit including one common share and a Warrant exercisable at C$0.75 for three years.

Q: How will Alaska Silver (WAMFF) use the proceeds from the C$7.6M PIPE financing?

Proceeds are intended mainly to expand the 2026 drill program from 6,000 to about 9,000 metres at Illinois Creek, and to fund metallurgical and technical work, baseline environmental studies , and general corporate purposes across the company’s Alaska exploration assets.

Q: What drilling expansion is planned at Alaska Silver’s (WAMFF) Illinois Creek Project?

Alaska Silver currently has a 6,000-metre drilling program underway at Illinois Creek and intends to increase it to about 9,000 metres , enabling additional drilling at priority targets including the Waterpump Creek and Silver Sage zones.

Q: What are the key terms of the warrants in Alaska Silver’s (WAMFF) PIPE financing?

Each Unit includes one Warrant allowing the holder to purchase one common share at C$0.75 for three years following closing. The securities will be issued under exemptions and will be subject to Canadian and U.S. resale restrictions .

Q: When is the Alaska Silver (WAMFF) PIPE financing expected to close and what U.S. filing is planned?

The financing is expected to close on or about August 14, 2026 , subject to approvals. Alaska Silver has agreed to file a resale registration statement on Form S-1 or S-3 within 120 days of closing and use efforts to obtain SEC effectiveness within defined timelines.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Alaska Silver Corp. disclosed plans for a private investment in public equity financing of up to C$7,615,800, issuing up to 13,846,910 Units at C$0.55 per Unit. Each Unit comprises one common share and a Warrant exercisable at C$0.75 for three years.

The company plans to use proceeds mainly to expand its 2026 Illinois Creek drilling program from 6,000 to about 9,000 metres, plus metallurgical, technical and environmental work and general corporate purposes. Significant shareholder Crescat Capital LLC, holding about 13.8% of outstanding common shares, will participate to maintain its ownership. Closing is expected on or about August 14, 2026, subject to customary conditions and TSX Venture Exchange approval.

8-K Event Classification

2 items: 7.01, 9.01

2 items

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

PIPE gross proceeds: C$7,615,800 Units offered: 13,846,910 Units Unit offering price: C$0.55 per Unit +5 more

8 metrics

PIPE gross proceeds C$7,615,800 Aggregate gross proceeds from the PIPE financing

Units offered 13,846,910 Units Maximum number of Units to be issued in the Financing

Unit offering price C$0.55 per Unit Offering price for each Unit in the PIPE financing

Warrant exercise price C$0.75 Exercise price per common share under each Warrant

Warrant term three years Exercise period following closing of the Financing

Current drilling program 6,000 metres Ongoing 2026 drilling program at Illinois Creek

Planned drilling program 9,000 metres Target size of expanded 2026 drilling program

Crescat ownership 13.8% Approximate percentage of outstanding common shares held by Crescat Capital LLC

Key Terms

private investment in public equity financing, Inferred Mineral Resource, Indicated Mineral Resources, restricted securities, +2 more

6 terms

private investment in public equity financing financial

"pleased to announce a private investment in public equity financing"

A private investment in public equity financing (PIPE) is when a publicly traded company raises money by selling shares or rights that can turn into shares directly to a small group of private investors, rather than through a broad public offering. It matters to investors because it delivers quick capital that can help fund growth or shore up finances, but it also usually increases the number of shares outstanding, diluting existing shareholders’ ownership—similar to taking a fast, private loan in exchange for a piece of the company.

Inferred Mineral Resource technical

"Waterpump Creek zone, which hosts an Inferred Mineral Resource"

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"

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.

restricted securities regulatory

"The securities issued pursuant to the Financing will be "restricted securities""

Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.

Rule 506(b) of Regulation D regulatory

"pursuant to exemptions from the registration requirements of the U.S. Securities Act, including Rule 506(b) of Regulation D"

Rule 506(b) of Regulation D is a set of rules that allows companies to raise money from investors without having to register with the government, as long as they follow certain guidelines. It lets companies offer securities to a limited number of investors, often trusted or experienced ones, making it easier and quicker to raise funds compared to traditional methods. This rule matters to investors because it provides access to private investment opportunities that are generally less regulated but still require careful consideration.

listed issuer financing exemption regulatory

"including the listed issuer financing exemption under Part 5A of National Instrument 45-106"

A listed issuer financing exemption is a regulatory allowance that lets a publicly traded company raise money by selling securities without preparing a full, formal prospectus when specific conditions are met. Think of it as a permitted shortcut with guardrails: it speeds access to capital while still requiring certain disclosures and limits, and it matters to investors because it can dilute existing holdings, change ownership stakes, and quickly affect share price and company funding prospects.

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Available on EDGAR 08/11/2026 - 05:16 PM Accepted by SEC EDGAR 08/11/2026 - 05:16 PM

FAQ

What financing did Alaska Silver Corp. (WAMFF) announce on August 11, 2026?

Alaska Silver Corp. announced a PIPE financing of up to C$7,615,800, issuing up to 13,846,910 Units at C$0.55 per Unit, each Unit including one common share and a Warrant exercisable at C$0.75 for three years.

How will Alaska Silver (WAMFF) use the proceeds from the C$7.6M PIPE financing?

Proceeds are intended mainly to expand the 2026 drill program from 6,000 to about 9,000 metres at Illinois Creek, and to fund metallurgical and technical work, baseline environmental studies, and general corporate purposes across the company’s Alaska exploration assets.

What is Crescat Capital’s role in the Alaska Silver (WAMFF) financing?

Crescat Capital LLC, a significant shareholder holding approximately 13.8% of Alaska Silver’s common shares, will participate in the PIPE financing in order to maintain its ownership interest, indicating continued involvement in the company’s Illinois Creek exploration strategy.

What drilling expansion is planned at Alaska Silver’s (WAMFF) Illinois Creek Project?

Alaska Silver currently has a 6,000-metre drilling program underway at Illinois Creek and intends to increase it to about 9,000 metres, enabling additional drilling at priority targets including the Waterpump Creek and Silver Sage zones.

What are the key terms of the warrants in Alaska Silver’s (WAMFF) PIPE financing?

Each Unit includes one Warrant allowing the holder to purchase one common share at C$0.75 for three years following closing. The securities will be issued under exemptions and will be subject to Canadian and U.S. resale restrictions.

When is the Alaska Silver (WAMFF) PIPE financing expected to close and what U.S. filing is planned?

The financing is expected to close on or about August 14, 2026, subject to approvals. Alaska Silver has agreed to file a resale registration statement on Form S-1 or S-3 within 120 days of closing and use efforts to obtain SEC effectiveness within defined timelines.

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): August 11, 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 7.01. Regulation FD Disclosure.

On August 11, 2026, Alaska Silver Corp. issued a press release entitled "Alaska Silver Announces C$7.6 million PIPE Financings to Expand 2026 Drill Program to 9,000 metres". A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

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, dated August 11, 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: August 11, 2026

	ALASKA SILVER CORP.

	By:	/s/ Darren Morgans
		Darren Morgans
		Chief Financial Officer

NEWS RELEASE

ALASKA SILVER ANNOUNCES C$7.6 MILLION PIPE FINANCING TO EXPAND 2026 DRILL
PROGRAM TO 9,000 METRES

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS NEWS RELEASE DOES NOT CONSTITUTE AN
OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.

TUCSON, ARIZONA, US - August 11, 2026 - Alaska Silver Corp. (the "Company" or "Alaska Silver") (TSXV: "WAM", Frankfurt: M17, OTCQX: WAMFF) is pleased to announce a private investment in public equity financing (the "Financing") of up to 13,846,910 units ("Units") at an offering price of C$0.55 per Unit for aggregate gross proceeds of up to C$7,615,800 (approximately US$5,462,000).

Each Unit will consist of one common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at C$0.75 for three years following closing.

Crescat Capital LLC, a current significant shareholder holding approximately 13.8% of Alaska Silver's outstanding common shares, will participate in the Financing to maintain its ownership interest in the Company.

The Company intends to use the proceeds from the Financing to expand its ongoing 2026 exploration program at the Illinois Creek Project. The Company currently has a 6,000-metre drilling program underway and intends to increase the program to approximately 9,000 metres. The Company expects the expanded program to provide flexibility for additional drilling at priority targets, including Waterpump Creek and Silver Sage. The Company also intends to use the proceeds for ongoing metallurgical and technical work, baseline environmental studies and general corporate purposes.

"We are delighted with the strong support for this financing from Crescat and others that lets us immediately expand our 2026 drill program by 50% and aggressively advance our highest-priority targets across the Illinois Creek district," said Kit Marrs, President and CEO of Alaska Silver. "Drilling is progressing so well at both Waterpump Creek and Silver Sage that the drillers are ahead of plan by nearly 25%, which leaves plenty of time during the current exploration season for an additional 3,000 metres of follow up drilling on what we've seen already."

The Financing is expected to close on or about August 14, 2026, subject to the satisfaction of customary closing conditions and receipt of all necessary regulatory approvals, including that of the TSX Venture Exchange (the "TSXV"). Securities issued pursuant to the Financing will be subject to applicable resale restrictions under Canadian and United States securities laws.

The Units are being offered and sold to accredited investors only pursuant to exemptions from the registration requirements of the U.S. Securities Act, including Rule 506(b) of Regulation D thereunder, and in compliance with applicable Canadian securities laws, including the listed issuer financing exemption under Part 5A of National Instrument 45-106. The securities issued pursuant to the Financing will be "restricted securities" as defined in Rule 144 under the U.S. Securities Act and will be subject to a hold period of six months from the date of issuance for resale purposes under Rule 144 (subject to satisfaction of all other applicable conditions), as well as a four-month-and-one-day hold period under applicable Canadian securities laws.

None of the securities issued pursuant to the Financing have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. The securities may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Company has agreed to file a resale registration statement on Form S-1 (or, if eligible, Form S-3) under the U.S. Securities Act covering the resale of all common shares issued in the Financing within 120 days following the closing of the Financing and shall use commercially reasonable efforts to have such registration statement declared effective by the SEC within 150 days following the closing date (or 180 days if the SEC conducts a full review).

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. 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 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.

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

kit@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.

Forward-Looking Information and Cautionary Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking information and forward-looking statements include, but are 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 and forward-looking statements 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 connotation thereof. Forward-looking information and forward-looking statements in this news release relate to, among other things, the completion of the Financing and the anticipated closing date; the anticipated proceeds to be raised under the Financing; the intended use of proceeds from the Financing; the receipt of all necessary approvals for the completion of the Financing, including the approval of the TSXV; the Company's intention to file a resale registration statement and the anticipated timing thereof; and the Company's intention to increase its 2026 drilling program from 6,000 to 9,000 metres and accelerate exploration efforts at Illinois Creek.

Such forward-looking information and forward-looking statements are based on numerous assumptions, including among others, that the Company will complete the Financing on the terms and timing as anticipated by management; that the Company will be able to raise the anticipated proceeds under the Financing; that the Company will receive all necessary approvals for completion of the Financing, including the approval of the TSXV; that the Company will be able to file and have declared effective the resale registration statement; and that the Company will be able to increase its 2026 drilling program from 6,000 to 9,000 metres and accelerate exploration efforts at Illinois Creek. Although the assumptions made by the Company in providing forward-looking information and forward-looking statements are 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: risks relating to the failure to complete the Financing in the timeframe and on the terms as anticipated by management; that the closing of the Financing will be delayed; the inability of the Company to raise the anticipated proceeds under the Financing; market conditions; metal prices; risks relating to the Company not receiving all necessary approvals for the completion of the Financing, including the approval of the TSXV; the risk that the Company will not be able to file or have declared effective the resale registration statement on the timing anticipated or at all; the risk that the Company will be unable to increase its 2026 drilling program from 6,000 to 9,000 metres and accelerate exploration efforts at Illinois Creek; and those risks set out in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 31, 2026 and the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. 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 forward-looking statements or implied by forward-looking information or forward-looking statements, 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 or forward-looking statements 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 or forward-looking statements. 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, forward-looking statements, or financial outlook, except in accordance with applicable securities laws. Any forward-looking information or forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

6 documents

Press Releases

EX-99.1 EXHIBIT 99.1 16.4 KB