Western Alaska Minerals Announces Loan Transaction
NEWS RELEASE
WESTERN ALASKA MINERALS ANNOUNCES LOAN TRANSACTION
TUCSON, ARIZONA, US – March 12, 2025 – Western Alaska Minerals Corp. (the " Company" or
"WAM") (TSXV: WAM) announces that it intends to complete a n unsecured loan transaction with
certain lenders to the Company to be determined (the “ Lenders”), pursuant to which the Company
will issue promissory notes in the aggregate principal amount of up to C$1,726,920 (collectively, the
“Loan”). The Loan will mature after 15 months and bear interest at rate of 10% per annum. The Loan
will be repayable by the Company after 12 months.
Subject to the acceptance of the TSX Venture Exchange (the “TSXV”), the Company will also issue to
the Lenders an aggregate of up to 2,698,312 bonus warrants (the “ Warrants”). Each Warrant will
entitle the holder to purchase one subordinate voting share of the Company at an exercise price of
C$0.64 for a period of 36 months from the date of issuance.
The net proceeds of the Loan will be used to fund the filing of a US registration statement on Form S-
1 for an equity financing, completion of an application to be quoted for trading on the OTCQX/QB
Capital Markets and associated filing fees, and for working capital and general corporate purposes.
All securities issued in connection with the Loan will be subject to a hold period of four months and
one day from the date of issuance under Canadian securities laws and restrictions on resale under
the United States Securities Act of 1933, as amended.
About WAM
Western Alaska Minerals is focused on advancing North America’s next major silver and critical
minerals district at the Illinois Creek CRD, a prolific 8 -km mineral corridor hosting two stand -alone
deposits. Anchored by the high-grade silver deposit at Waterpump Creek deposit, 75 Moz @ 980 g/t
AgEq (Inferred), open to the north and south and the historic Illinois Creek mine, 525 Koz AuEq : 373
Koz @ 1.3 g/t AuEq (Indicated), 152 Koz @ 1.44 g/t AuEq (Inferred), our 100% owned carbonate
replacement deposit reveals untapped potential across an expansive exploration landscape.
Within the same CRD system sits the Honker gold vein prospect. Twenty-five kilometers northeast of
the Illinois Creek CRD lies the Round Top porphyry copper and the TG North CRD prospects. All
prospects were originally discovered by Anaconda Minerals Co. in the early 1980’s. WAM’s 100%
owned cover 73,120 acres (114.25 square miles or 29,591 hectares). Since 2010, WAM, along with its
precursor company, Western Alaska Copper & Gold, reassembled the Anaconda land package and
has been engaged in exploring the district.
Headquartered in both Alaska and Arizona, WAM brings together a team of seasoned professionals
with a shared vision of pioneering new frontiers in mineral exploration. Our strategic approach is
underpinned by cutting-edge technology, innovative techniques, and a deep understanding of the
geological intricacies of the region.
On behalf of the Company
“Kit Marrs”
Kit Marrs
President & CEO
Phone: 1-520-200-1667
For further information, please contact:
Vanessa Bogaert, Director of Corporate Communications/IR
Or visit our website at: www.westernalaskaminerals.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) 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 and statements 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. These forward-looking statements or information relate to, among other things, the completion of the Loan,
the intended use of proceeds from the Loan; and the receipt of all necessary approvals in connection with the Loan,
including the acceptance of the issuance of the Warrants by the TSX-V.
Such forward-looking information and statements are based on numerous assumptions, including among others,
that the Company will complete the Loan in the timeframe and on the terms as anticipated by management, that
the Company will be able to utilize the proceeds of the Loan in the manner intended, and that the Company will
receive all necessary approvals in connection with the Loan, including the acceptance of the issuance of the Warrants
by the TSXV. Although the assumptions made by the Company in provid ing forward-looking information or making
forward-looking statements are 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 statements.
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 Loan 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 in connection with the Offering, including the acceptance of the issuance of the Warrants by 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 and statements 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 statements or information.