Alaska Silver Corp (WAM) Financings
TSXV: WAM · Silver, Gold · Advanced Exploration stage
- Market cap$50.1M
- Share price$0.480
- 52-week range$0.475 – $1.47
- Shares outstanding104,425,770
- ExchangeTSXV
- Websitealaskasilver.com
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% 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 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 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.
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Alaska Silver Corp financial statements
Key figures read from 22 of 24 financial statement filings, Aug 19, 2020 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | — | US$849,572 | US$1,191,561 | US$3,842,748 | US$1,904,981 |
| Short-term investments | C$0 | — | US$0 | US$416,810 | — |
| Total current assets | — | US$988,308* | US$1,397,803* | US$3,983,312* | US$1,926,623* |
| Total current liabilities | — | US$929,672 | US$1,161,932 | US$2,159,219 | US$846,268 |
| Working capital | — | US$58,636 | US$235,871 | US$1,824,093 | US$1,080,355 |
| Exploration and evaluation assets | — | US$32,824,305 | US$28,681,363 | US$22,817,887 | US$14,983,643 |
| Property, plant and equipment | C$1,116,998 | US$1,558,765 | US$1,999,413 | US$498,070 | — |
| Total assets | C$16,724,626 | US$35,371,378 | US$32,078,579 | US$27,716,079 | US$16,910,266 |
| Debt | — | — | — | — | US$0 |
| Total liabilities | — | US$3,165,737 | US$3,756,015 | US$3,359,219 | US$3,546,268 |
| Shareholders' equity | — | US$32,205,641 | US$28,322,564 | US$24,356,860 | US$13,363,998 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | US$0 | US$1,757 | US$759 |
| General and administrative | US$1,263,222 | US$1,428,822 | US$1,295,762 | US$349,488 | US$28,124 |
| Share-based compensation | US$987,431 | US$1,990,074 | US$579,958 | US$346,776 | US$0 |
| Net income (loss) | (US$3,305,017) | (US$4,360,909) | (US$2,543,120) | (US$2,709,379) | (US$165,131) |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$2,211,240)* | (US$2,269,571)* | (US$1,623,619)* | (US$1,009,552)* | (US$63,655)* |
| Investing cash flow | (US$3,748,329)* | (US$6,714,206)* | (US$8,785,327)* | (US$3,298,916)* | (US$1,001,527)* |
| Financing cash flow | US$5,638,741* | US$6,210,765* | US$12,602,315* | US$6,228,707* | US$862,385* |
| Property, plant and equipment spending | (US$1,085) | (US$1,355,563) | (US$550,213) | — | — |
| Proceeds from share issues | US$5,865,837 | US$5,917,765 | US$12,627,515 | US$6,726,707 | US$862,385 |
| Change in cash | (US$341,989) | (US$2,651,187) | US$1,937,767 | US$1,852,800 | (US$202,797) |
| Cash at end of period | US$849,572 | US$1,191,561 | — | US$1,904,981 | US$52,181 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Alaska Silver Corp financings
1 financing announced or closed by Alaska Silver Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-11 | Alaska Silver Corp (WAM) | LIFE offering | Closed, 1 tranche | $7.6M | $0.550 | Alaska Silver Announces C$7.6 Million Pipe Financing to Expand 2026 Drill Program to 9,000 Metres |
Alaska Silver Corp debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Alaska Silver Corp has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-03-21 | Loan, closed / funded | — | US$1.2M | 10% |