- Business
- Alaska Silver Corp. (TSX-V: WAM) explores and develops high-grade silver and critical minerals deposits at its 100% owned Illinois Creek Project in western Alaska, a prolific 8-km carbonate replacement deposit (CRD) mineral corridor; the project features the flagship Waterpump Creek silver-lead-zinc massive sulfide deposit containing 75 million ounces of silver equivalent at 980 g/t AgEq (inferred resource, open north and south), the historic Illinois Creek gold-silver mine with 525 thousand ounces gold equivalent indicated plus 152 thousand ounces inferred, and emerging zones including the 2024 Warm Springs copper-gold-silver discovery and the 2025 Silver Sage mineralization prospect with near-surface argentiferous galena, cerussite and sphalerite; core activities encompass diamond drilling, trenching, soil geochemical sampling, geophysical surveys, and metallurgical studies focused on gallium recovery potential as the top U.S. critical mineral. The company targets gold, silver, molybdenum, copper, lead, zinc and associated critical minerals within a 80,895-acre land package located 38 km from the Yukon River marine highway, serving North American markets with emphasis on domestic supply security. Founded through a 2021 reverse takeover and headquartered at 3573 East Sunrise Drive, Suite 233, Tucson, Arizona, USA, the company changed its name from Western Alaska Minerals Corp. to Alaska Silver on April 28, 2025 while retaining the WAM ticker; recent developments include a US$13.8 million U.S. initial public offering closed October 3, 2025 following SEC prospectus approval on September 30, 2025, nearly 3,000 meters of 2025 drilling across 13 holes at Waterpump Creek South and Silver Sage, staking of 46 new state mining claims to expand the block, and ongoing assay releases expected in Q4 2025 to support resource expansion and district-scale CRD delineation.