Alaska Silver closes $13.79-million (U.S.) offering

Executive Summary

• Alaska Silver Corp. closed a $13.8 million financing consisting of 21,229,000 units at C$0.65 per unit.
• The net proceeds will fund mineral exploration, repay debt, and support general working capital.
• Underwriters received an underwriting discount of $1.03 million and were issued additional warrants for up to 849,160 shares.

Key Details

• Offering Size: 21,229,000 units (each unit = 1 subordinate voting share + 1 purchase warrant).
• Price per Unit: US $0.65.
• Gross Proceeds: US $13,798,850.
• Lead Manager: Cantor Fitzgerald & Co.; syndicate included Canaccord Genuity Corp., ATB Capital Markets Inc., and Agentis Capital Markets (First Nations Financial Markets LP).
• Warrant Terms (Units): Each warrant exercisable for one subordinate voting share at US $0.97, valid for three years from the closing date.
• Overallotment: Full overallotment option exercised by underwriters.
• Use of Proceeds:
• Mineral exploration activities on the Illinois Creek project.
• Repayment of certain outstanding debt.
• General working capital.
• Underwriting Discount Paid: US $1,034,913.75 to underwriters.
• Additional Underwriter Warrants: Up to 849,160 subordinate voting shares; exercise price US $0.97 per share; exercisable beginning 180 days after Sept. 30 2025 (pricing date) through 18 months after pricing date.
• Regulatory Exemptions: Offering relied on listed issuer financing exemption in Canada (NI 45‑106), U.S. registration statement, and other jurisdictional exemptions; no hold period imposed on units.

Notable Quotes

(No executive quotes were provided in the release.)