Welcome to our dedicated page for Alaska Silver news (Ticker: WAMFF), a resource for investors and traders seeking the latest updates and insights on Alaska Silver stock.
Alaska Silver Corp. (WAMFF) generates frequent news flow around its efforts to advance the Illinois Creek Project, a high-grade silver and critical minerals district in western Alaska. Company updates focus on exploration results, new discovery zones, financing activities, and corporate developments that shape the outlook for this exploration-stage issuer.
Recent press releases describe drilling and field programs at key zones such as Waterpump Creek South and the newly identified Silver Sage zone, where trenching, pit sampling, and initial drilling have confirmed mineralization within the broader carbonate replacement deposit system. Alaska Silver’s news also highlights technical details from surface and trench samples, geophysical surveys, and the staking of additional State of Alaska mining claims to expand the project area.
Investors following WAMFF news will see coverage of capital markets milestones, including the filing and amendment of a U.S. registration statement on Form S-1, the pricing and closing of a U.S. unit offering, and the use of the Listed Issuer Financing Exemption in Canada. Corporate governance items such as annual general meeting results, incentive plan approvals, stock option grants, and restricted share unit awards are also disclosed through news releases and related SEC filings.
Another recurring news theme is the company’s rebrand from Western Alaska Minerals to Alaska Silver, reflecting its emphasis on silver value at the Waterpump Creek deposit and across the Illinois Creek district. For readers tracking WAMFF, this news page offers a centralized view of exploration updates, financing transactions, and regulatory disclosures. Bookmark this feed to monitor new discovery announcements, technical updates from NI 43-101 Qualified Persons, and material events reported through coordinated press releases and Form 8-K filings.
Alaska Silver (OTCQX: WAMFF) announced a fully funded 6,000-metre 2026 diamond drill program at its 32,737-hectare Illinois Creek project, using two company-owned rigs and surface trenching beginning in early June.
Drilling targets include expansion of the high-grade Waterpump Creek inferred resource (980 g/t AgEq) and follow-up of the newly discovered Silver Sage zone, plus regional CRD-porphyry exploration at Round Top.
Alaska Silver (OTC: WAMFF) filed an independent NI 43-101 technical report (effective Jan 22, 2026) for the Illinois Creek gold-silver deposit on 100%‑owned state land in western Alaska.
The update supports an improved mineral resource: Indicated gold ounces +11%, inferred gold and silver ounces nearly doubled, oxide mineralization amenable to low‑cost heap/vat leach, and mineralization remains open along strike and at depth. The report was prepared by an independent QP, Dr. Bruce Davis, and is available on SEDAR+.
Alaska Silver (WAMFF) will convert all proportionate voting shares (PV Shares) into subordinate voting shares (SV Shares) at a ratio of 100 SV for 1 PV, with a Record Date of March 9, 2026. The board said the move simplifies capital structure after the company ceased qualifying as a U.S. foreign private issuer on Jan 1, 2025.
Approximately 73% of PV Shares are held by ten officers, founders or major shareholders who agreed to voluntary lock-ups for up to 12 months (50% at 6 months, +25% at 9 months, +25% at 12 months). SV Shares issued to U.S. residents will carry restrictive legends under U.S. securities laws.
Alaska Silver (OTC: WAMFF) released an updated 2026 mineral resource estimate for the Illinois Creek oxide deposit effective January 22, 2026. Indicated: 9.0 Mt @ 0.92 g/t Au and 29.72 g/t Ag (260,000 oz Au; 8.3M oz Ag). Inferred: 10.9 Mt @ 0.84 g/t Au and 30.1 g/t Ag (290,000 oz Au; 10.4M oz Ag). Estimates use a $3,500/oz Au and $45/oz Ag pit shell and a NSR cutoff of US$24/t. Material is oxide and amenable to heap/vat leach. No additional drilling was completed since the 2021 block model; the company plans further expansion and evaluation of standalone operation potential.
Alaska Silver (OTCQX: WAMFF) reported 2025 drilling results at the Illinois Creek CRD district, including high‑grade intercepts: WPC‑35 5.9m @ 38 g/t Ag and 12.1% Zn (incl. 3.2m @ 67 g/t Ag, 16.9% Zn) and SS25‑04 4.4m @ 148 g/t Ag, 0.68% Pb, 0.24% Zn (incl. 1.0m @ 349 g/t Ag, 2.2% Pb). The 2025 program totaled 3000m (2,057m at Waterpump Creek; 906.5m at Silver Sage). The company cites a 75 Moz AgEq inferred Waterpump Creek resource (279 g/t Ag) and completed a US listing plus a
Alaska Silver (OTCQX: WAMFF) granted an aggregate of 68,334 restricted share units (RSUs) to certain non-executive directors under its director compensation policy; each RSU converts to one subordinate voting share on vesting and all RSUs vest one year from the grant date.
The company also amended a promissory note between its 100% owned subsidiary Western Alaska Copper and Gold Company and officer Joe Piekenbrock: the interest rate was reduced from 5.0% to 3.5%, monthly payments were cut from $25,000 to $10,000, and the maturity date for outstanding principal and interest was extended from December 1, 2026 to July 1, 2027.
Alaska Silver (OTCQX: WAMFF) announced the discovery of a new high-grade mineralized zone named Silver Sage at its 100%‑owned Illinois Creek CRD project in western Alaska on November 3, 2025. Early surface work returned grab samples up to 1,235 g/t Ag (with 65% Pb) and channel results of 326 g/t Ag over 0.5 m. Exploration to date includes 8 trenches, >100 excavator pits and 9 drill holes totaling 906.5 m. A ~550 m mineralized strike and >1.1 km alteration corridor were mapped. Pending assays from the 9‑hole program and further drilling/targeting toward a district‑scale CRD‑porphyry source are next steps.
Alaska Silver (OTCQX: WAMFF) provided an exploration update for its 100%‑owned Illinois Creek CRD project on October 15, 2025, reporting a completed 2025 field program and a new discovery.
Key points: 2,964.0 m drilled across 13 holes (July 25–Sept 28, 2025); Waterpump Creek South (4 holes, 2,057.6 m) and a new zone Silver Sage (9 holes, 906.5 m). 13 trenches and >150 excavator pits were completed; 46 new Alaska claims were staked.
The company closed a US$13.8M US IPO on Oct 3, 2025 and received SEC prospectus approval on Sept 30, 2025. Assay results from both targets are expected in Q4 2025.
Alaska Silver (WAMFF) closed a US$13.8 million offering on October 3, 2025, selling 21,229,000 Units at US$0.65 per Unit for gross proceeds of US$13,798,850. Each Unit includes one subordinate voting share and one warrant exercisable at US$0.97 for three years from closing. The full over-allotment option was exercised.
Net proceeds will fund mineral exploration, repay certain debt and provide working capital. The offering was led by Cantor Fitzgerald with a syndicate of underwriters. The company paid an underwriting discount of US$1,034,913.75 and issued 849,160 underwriters' warrants exercisable at US$0.97 starting 180 days after Sept 30, 2025 for 18 months.
Alaska Silver Corp. (TSXV: WAM) has announced the pricing of its new unit offering at US$0.65 per unit, aiming to raise approximately US$12 million in gross proceeds. The company will offer 18,460,000 Units, with each unit consisting of one subordinate voting share and one warrant exercisable at US$0.97 for three years.
Cantor Fitzgerald & Co. is leading the offering as book-running manager and has been granted a 30-day option to purchase up to an additional 15% of units. The offering is expected to close around October 3, 2025, subject to regulatory approvals. The proceeds will fund mineral exploration activities, debt repayment, and working capital needs.