WESTERN ALASKA MINERALS CORP - WAMFF STOCK NEWS

Western Alaska Minerals announced the grant of 450,000 stock options on June 17, 2024. Of these, 200,000 options were granted to directors and officers. Each option allows the purchase of one subordinate voting share at $0.85, with a 5-year exercise period.

Western Alaska Minerals (WAM) announced the start of field operations at its Illinois Creek property, with drilling expected to commence around June 8, 2024. The company successfully raised C$8.7M between April and May to fund the operations. This marks the third drilling season focused on a high-grade silver-zinc-lead carbonate replacement deposit (CRD). The 2024 objectives include identifying mineralized linkages to a past-producing gold mine located 6km away. Initial resource estimates suggest 75Moz at 980g/t AgEq. Crews began mobilizing on May 14, 2024, to prepare the site and support logistics.

Western Alaska Minerals (WAM) announced the appointment of Darren Morgans as their new Chief Financial Officer (CFO), effective June 1, 2024. Morgans, a seasoned finance professional with over 25 years of experience, has held significant roles with various publicly listed resource companies in Canada and Australia. He is currently serving as CFO of Cosa Resources Corp., and has previously been fractional CFO for Velocity Minerals and Volta Metals. Notably, he was the CFO of Perpetua Resources Corp., where he played a pivotal role in its IPO and subsequent capital raises totaling over C$200 million.

Morgans' extensive background in finance and capital markets is expected to benefit WAM, especially in advancing pre-development exploration projects. Alex Tong, the outgoing CFO, will remain in the role until May 31, 2024, and WAM expressed gratitude for his contributions.

Western Alaska Minerals announces an upsize to their brokered offering, increasing the size from $5 million to $7 million due to significant demand. The company will also conduct a non-brokered private placement, with each unit consisting of a share and a warrant. The net proceeds will fund the 2024 exploration program and general corporate purposes.

Western Alaska Minerals announces a $5 million brokered and $1.5 million non-brokered offering to fund their 2024 exploration program. The company has entered into an agreement with Roth Canada Inc., Canaccord Genuity Corp., and Agentis Capital Markets Partnership to sell up to 7,692,308 units at a price of $0.65 per unit. Each unit consists of one subordinate voting share and one share purchase warrant. The net proceeds will be used for exploration activities at new target zones identified in the 2023 geophysical program and for general corporate purposes.

Western Alaska Minerals (WAMFF) files financial statements for the year ended December 31, 2023, showcasing corporate achievements and changes. The company reported a high-grade silver-zinc-lead discovery, an initial resource of 75Moz @ 980 G/T AgEq, and successful financings. CFO Alex Tong will resign, prompting a search for a replacement.

Western Alaska Minerals (WAM) releases updated NI 43-101 report confirming high-grade silver-lead-zinc resource at Waterpump Creek. Revised mineral resource estimate shows minimal changes at 200 g/t cut-off grade. Potential to upgrade Inferred Resources to Indicated with further exploration.