Alaska Silver Announces Pricing of Offering
Alaska Silver Announces Pricing of Offering
Tucson, Arizona--(Newsfile Corp. - October 1, 2025) -
Alaska Silver Corp.
(TSXV: WAM) (the
"
Company,
" "
Alaska Silver
" or "
WAM
") is pleased to announce pricing of its previously announced
offering (the "
Offering
") of units of the Company ("
Units
").
Pursuant to the Offering, the Company will offer 18,460,000 Units at a price of US$0.65 per Unit for
gross proceeds of approximately US$12 million. Each Unit will consist of one subordinate voting share
and one subordinate voting share purchase warrant (a "
Warrant
"). Each Warrant will be exercisable for
one subordinate voting share of the Company (each, a "
Warrant Share
") at US$0.97 until the date
which is three years from the closing date of the Offering (the "
Closing Date
").
Cantor Fitzgerald & Co. ("
Cantor
") is acting as the lead book-running manager for the Offering on behalf
of a syndicate of underwriters.
Cantor Fitzgerald Canada Corporation will act as an agent for the sale of
any Company securities in the Offering in Canada. The Company has granted Cantor an option,
exercisable in full or in part up to 30 days after the pricing of the Offering, to offer for sale up to an
additional 15% of the number of Units sold pursuant to the Offering.
The net proceeds of the Offering will be used to fund the Company's mineral exploration activities, to
repay certain outstanding debt and for general working capital purposes.
Closing of the Offering is expected to occur on or about October 3, 2025 and is subject to customary
conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of
the TSX Venture Exchange (the "
TSXV
").
The Offering will be completed (i) in each of the Provinces and Territories of Canada, except for Quebec,
in reliance on the "listed issuer financing" exemption from the prospectus requirements available under
Part 5A.2 of National Instrument 45-106 -
Prospectus Exemptions
, as modified by Coordinated Blanket
Order 45-935 -
Exemptions from Certain Conditions of the Listed Issuer Financing Exemption
, and
pursuant to the public offering exemption available under BC Instrument 72-503 -
Distribution of
Securities outside British Columbia
; (ii) in the United States pursuant a prospectus that forms a part of
an effective registration statement filed with the Securities and Exchange Commission; and (iii) in such
other jurisdictions other than Canada and the United Sates pursuant to relevant prospectus or
registration exemptions in accordance with applicable laws, provided that no prospectus filing or
comparable obligation, ongoing reporting or continuous disclosure requirement or requisite regulatory or
governmental approval arises in such jurisdictions.
There is an amended and restated offering document related to the Offering (the "
Offering Document
")
that can be accessed under the Company's profile on SEDAR+ at
www.sedarplus.ca
and on the
Company's website at
www.alaskasilver.com
. Prospective investors should read this Offering Document
before making an investment decision concerning the Units.
The Offering will be made in the U.S. only by means of a prospectus forming a part of the registration
statement. A copy of the preliminary prospectus related to the Offering may be obtained from Cantor
Fitzgerald & Co., 110 East 59th Street, New York, NY 10022, or via email at
or
telephone at 212-938-5000. In addition, a copy of the prospectus relating to the Offering may be
obtained via the SEC's website at
www.sec.gov
.
The Company has also agreed to issue to the underwriters warrants to purchase up to a number of
subordinate voting shares equal to 4.0% of the Units sold in the Offering (the "
Underwriters'
Warrants
"). Each Underwriters' Warrant shall entitle the holder thereof to acquire one subordinate voting
share of the Company at US$0.97 beginning on the date which is 180 days after the pricing of the
Offering until the date which is 18 months after the pricing of the Offering.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the
Company's securities, nor shall such securities be offered or sold in the United States absent
registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale
of any of the Company's securities in any state or jurisdiction in which such offers, solicitations or sales
would be unlawful prior to registration or qualification under the securities laws of such state or
jurisdiction.
About Alaska Silver
Alaska Silver is one of the pioneers of North America's next major silver and critical minerals district at
the Illinois Creek Project, a prolific 8-km mineral corridor hosting two stand-alone deposits with a new
Warm Springs discovery zone in between (the "
IC project
"). The claims of the IC project cover a 100%
owned land package of 73,535 acres (115 square miles or 29,758 hectares), located approximately 38
kilometers from the region's marine highway, the Yukon River.
"Kit Marrs"
Kit Marrs
President & CEO
Phone: (520) 200-1667
Patrick Donnelly
Executive Vice President
Or visit our website at:
www.alaskasilver.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. "Forward-looking information" includes, but is 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 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 connation thereof. This forward looking information
relates to, among other things: the completion of the Offering; the intended use of proceeds from the
Offering; and the receipt of all necessary approvals for the completion of the Offering, including the
approval of the TSXV.
Such forward-looking information is based on numerous assumptions, including among others, that
the Company will complete Offering in the timeframe and on the terms as anticipated by
management, that the Company will be able to utilize the proceeds of the Offering in the manner
intended, and that the Company will receive all necessary approvals for the completion of the
Offering, including the approval of the TSXV. Although the assumptions made by the Company in
providing forward-looking information is 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 Offering in the timeframe and on the
terms as anticipated by management, market conditions, metal prices, and risks relating to the
Company not receiving all necessary approvals for the completion of the Offering, including the
approval of the TSXV. 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
implied by forward-looking information, 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 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. 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 or financial
outlook that are incorporated by reference herein, except in accordance with applicable securities
laws. Any forward-looking information contained in this news release is expressly qualified in their
entirety by this cautionary statement. We seek safe harbor.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/268676