Alaska Silver prices offering at $12-million (U.S.)

Executive Summary

• Alaska Silver Corp. priced its previously announced unit offering at $0.65 per unit, raising approximately $12 million in gross proceeds.
• The offering consists of 18.46 million units, each containing one subordinate voting share and one warrant exercisable at $0.97 per share for up to three years.
• Net proceeds will be allocated to mineral exploration, repayment of existing debt, and general working capital.

Key Details

• Units offered: 18.46 million
• Price per unit: US $0.65
• Gross proceeds: ≈ US $12 million
• Unit composition: 1 subordinate voting share + 1 warrant (exercise price $0.97, exercisable for up to 3 years)
• Lead manager: Cantor Fitzgerald & Co.; Cantor Fitzgerald Canada Corp. acting as Canadian agent
• Underwriter option: Up to an additional 15 % of units may be offered within 30 days after pricing
• Underwriters’ warrants: Warrants to purchase shares equal to 4.0 % of units sold; exercise price $0.97, exercisable from 180 days to 18 months post‑pricing
• Use of proceeds:
• Finance mineral exploration activities
• Repay certain outstanding debt
• General working capital
• Closing date: Expected on or about Oct 3 2025, subject to customary conditions and TSX Venture Exchange approval
• Regulatory filings:
• Canadian offering relies on listed issuer financing exemption (NI 45‑106) and BC prospectus exemption (Instrument 72‑503)
• U.S. offering made pursuant to a prospectus incorporated into an effective SEC registration statement
• Offering documentation: Amended and restated offering document available on SEDAR+ and the company website; preliminary prospectus obtainable from Cantor Fitzgerald & Co. or via the SEC website

Notable Quotes

(No executive quotes were provided in the release.)