Alaska Silver Corp
Despite its name, gold is Alaska Silver's leading metal by indicated value. The company (renamed from Western Alaska Minerals in April 2025) is exploring its 100%-owned Illinois Creek project in western Alaska, where the oxide Illinois Creek deposit holds 260,000 oz of gold and 8.3 Moz of silver indicated (9.0 Mt at 0.92 g/t gold and 29.72 g/t silver), so gold is about 71% of that resource's value at the estimate's prices. The silver-lead-zinc Waterpump Creek deposit, the focus of recent drilling, is inferred only, at 21.4 Moz of silver. Cash of US$6,433,387 (Mar 31 2026) is reported directly in USD per the company's SEC 10-Q. Debt includes US$1,464,417 of promissory notes; the company also has a pending C$1,237,962 deferred management-fee liability expected to be settled via shares, not included in the debt figure above.
Notable vs. Peers
- Financials score of 3.8/10 is weaker than the peer average of 5.3/10.
- Trading within 6% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not in place: road access, grid power. Not yet determined: mill, tailings facility.
Jurisdiction (40%)9/10
Alaska: Fraser PPI 2025 is 82.71 of 100 (rank 19 of 68), which maps to 9 on this site's scale. Illinois Creek District, Alaska, USA — a top-tier US mining jurisdiction.
Infrastructure (40%)2.1/10
No confirmed road access and no confirmed grid power at Illinois Creek Project (Waterpump Creek Deposit), Alaska; existing mill and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Red Dog (Teck Resources Limited), 503 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0/10
Nearest producing mine: Red Dog (Teck Resources Limited), 503 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chief Exploration Officer of Alaska Silver Corp. (B.A., M.Sc.) Over 35 years of experience in mining exploration and development, managing all aspects of exploration from grassroots discovery through feasibility. Vice President of Exploration for NovaGold Resources (2003-2011), later Senior VP of Exploration for NovaCopper (now Trilogy Metals). Gained extensive Latin American experience at Placer Dome; a founding member of Brett Resources. Earlier, a member of the Cominco Alaska exploration team responsible for the discovery of the Whistler Cu deposit, the Sleitat Sn deposit, the Shotgun Au deposit and the Pebble Cu-Au deposit. Instrumental in the Donlin Creek Au and Bornite Cu discoveries in Alaska and the Galore Creek Cu-Au porphyry deposit in British Columbia. Awarded the Thayer Lindsley medal for International Discovery (2009) and the Colin Spence award for International Discovery (2015). Bachelor of Arts in Geology, University of Colorado; Master of Science in Economic Geology, University of Arizona.
Executive Vice President of Alaska Silver Corp.; the company's own team-page card badge reads "Vice President" while the running bio text and a June 2025 company press release both read "Executive Vice President" -- the fuller title is used here. (P.Geo., MBA) Nearly three decades of experience in mineral exploration, capital markets, corporate development and investor relations. Most recently Vice President of Capital Markets for Tudor Gold Corp.; previously Vice President of Corporate Communications and Development for Trilogy Metals Inc., advancing the Upper Kobuk Mineral Projects in Alaska. President at First Mining Gold Corporation for over three years, where as a co-founder he led the company's IPO and TSX listing across eight significant transactions. Master of Business Administration, University of Toronto; Bachelor of Science in Geological Sciences, University of British Columbia; registered Professional Geoscientist, Engineers and Geoscientists of British Columbia.
Chief Financial Officer of Alaska Silver Corp. (CPA, Canada; CA, Australia) Practicing finance professional since 1995, with over 25 years working with Canadian and Australian publicly listed resource companies. Currently CFO of Cosa Resources Corp, a uranium explorer in the Athabasca Basin. Previously a fractional CFO for Velocity Minerals and Volta Metals; earlier CFO of Perpetua Resources Corp. (formerly Midas Gold Corp.), joining as a private company, assisting through its 2011 IPO and subsequently raising over C$200 million in equity, convertible debt and royalty financings advancing the Stibnite Gold Project to a Feasibility Study with almost 5 million ounces in reserves. Prior to Perpetua, Controller and Secretary for Terrane Metals Corp. before its acquisition by Thompson Creek Metals; also worked for Placer Dome Inc. and Mount Isa Mines. Began his career with PwC after a Bachelor of Commerce from the University of Queensland.
Chief Executive Officer, Co-Founder and Director of Alaska Silver Corp (formerly Western Alaska Copper & Gold, renamed Western Alaska Minerals, then Alaska Silver effective April 24, 2025). (B.Sc., M.Sc.) Over 25 years of experience in mineral exploration and development, property evaluation and project financing in Alaska and Mexico. Worked for Anaconda Minerals Company, Kennecott/Bear Creek Mining, Watts Griffis & McQuat and Penoles, SA de CV. In 1981 was project geologist for the Illinois Creek/Round Top Project for Anaconda. Bachelor of Science and Master of Science degrees in Economic Geology, University of Arizona; served 2005-2021 on the Advisory Board for the university's Department of Geosciences.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Crescat Capital, a well-known specialist precious-metals and macro investment firm, owns about 13.7% of Alaska Silver (its funds took up their pro-rata share of the August 2026 PIPE to hold that level, per Alaska Silver's own SEC Form 8-K of 17 Aug 2026) -- a sizeable conviction position from a resource-sector fund manager.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Alaska Silver, renamed from Western Alaska Minerals in April 2025, is exploring the Illinois Creek project in Alaska, which includes the oxide Illinois Creek deposit, the Waterpump Creek silver-lead-zinc carbonate replacement deposit and the Honker gold prospect. Despite the company's name, gold leads its measured and indicated resource by value: the Illinois Creek oxide deposit carries an indicated resource of 260,000 oz of gold (9.0 Mt at 0.92 g/t gold), with no measured category, plus 290,000 oz inferred, in an estimate effective 22 January 2026; the same indicated material holds 8.3 Moz of silver at 29.72 g/t, so gold is about 71% of its value at the estimate's US$3,500/oz gold and US$45/oz silver. The larger Waterpump Creek deposit is entirely inferred, at 2.39 Mt grading 279 g/t silver for 21.4 Moz of silver plus zinc and lead, in an estimate effective 20 February 2024. In August 2026 the company closed a C$7.6M financing, with Crescat Capital participating to maintain its stake of about 13.8%, expanding the 2026 drill program from 6,000m to about 9,000m, including follow-up drilling at Waterpump Creek and the newly discovered Silver Sage Zone.