Welcome to our dedicated page for WESTERN ALASKA MINERALS news (Ticker: WAMFF), a resource for investors and traders seeking the latest updates and insights on WESTERN ALASKA MINERALS stock.
Western Alaska Minerals Corp (WAMFF) delivers focused mineral exploration in Alaska's CRD system, combining historic data with modern geophysical techniques. This news hub provides investors with essential updates on drilling campaigns, resource estimates, and operational developments.
Access verified reports including NI 43-101 technical disclosures, exploration strategy announcements, and partnership updates. Our curated collection features press releases on high-grade mineralization findings, geophysical survey results, and strategic land acquisitions.
Key updates cover step-out drilling progress at Waterpump Creek, Illinois Creek resource modeling, and logistical developments along the Yukon River corridor. Content is rigorously vetted to ensure compliance with mining disclosure standards and geological accuracy.
Bookmark this page for real-time access to WAMFF's exploration milestones. Monitor evolving resource potential through systematic updates from one of Alaska's most active CRD-focused explorers.
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.
Western Alaska Minerals (TSXV:WAM) has started drilling on its 100% owned Illinois Creek property in western Alaska. The drilling aims to link separate zones of the silver-rich carbonate replacement deposit (CRD) system over a 6-8 km stretch, focusing initially on the LH and Warm Springs zones.
The program includes 4,000 meters of diamond core drilling, with targets set along a 5 km trend connecting Waterpump Creek, Warm Springs, and Illinois Creek Mine. The LH and Warm Springs zones show high-grade oxide intercepts and similar geophysical and soil geochemical signatures to Waterpump Creek.
CEO Kit Marrs emphasized the potential for continuous high-grade mineralization. The first hole in the LH zone started on June 6 and is nearing completion. Updates and assay results will be shared as available.
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.
