Alaska Silver Corp
Alaska Silver Corp (renamed from Western Alaska Minerals Corp, April 2025, ticker unchanged) is advancing the Illinois Creek Project, centred on the Waterpump Creek silver-gold deposit, alongside the IC Oxide and Honker gold prospects. 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 8.2/10 is stronger than the peer average of 6.6/10.
Lifecycle Milestones
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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
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. Per the company's own June 11, 2026 press release, Marrs is scheduled to become Executive Chairman and be succeeded as CEO by director Aaron Schutt effective October 1, 2026; as of this research pass (Aug 9, 2026) that transition has not yet taken effect and the company's own team page still shows him as CEO, so CEO is the role written here.
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 just over 10% of Alaska Silver -- a real, sizeable conviction position from a genuine resource-sector fund manager.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Illinois Creek Project, Illinois Creek oxide deposit (Alaska) -- distinct from the same project's larger Waterpump Creek CRD deposit (see below). Updated NI 43-101 Mineral Resource Estimate (QP Dr. Bruce Davis, PhD, FAusIMM, BD Resource Consulting/Lions Gate Geological Consulting), effective 22 Jan 2026 (technical report filed 27 Feb 2026), US$3,500/oz Au & US$45/oz Ag pit shell, US$24/t NSR cutoff: Indicated = 9.0 Mt @ 0.92 g/t Au and 29.72 g/t Ag for 260 Koz Au and 8.3 Moz contained silver. No Measured category exists -- Indicated is the full M+I figure. Inferred = 10.9 Mt @ 0.84 g/t Au and 30.1 g/t Ag for 290 Koz Au and 10.4 Moz Ag, excluded per repo's M+I-only convention. Oxide material, amenable to heap/vat leach. Waterpump Creek (same Illinois Creek Project, a separate silver-lead-zinc CRD deposit and the company's larger overall resource by AgEq) carries an ENTIRELY INFERRED resource -- 2.39 Mt @ 279 g/t Ag for 21.4 Moz Ag (plus 591 Mlb Zn, 518 Mlb Pb; ~75 Moz AgEq @ 980 g/t AgEq headline), per a separate technical report effective 20 Feb 2024 (filed 2 Apr 2024) -- no Measured or Indicated category there, so Waterpump Creek contributes nothing to ouncesFound despite being the larger deposit by contained-metal headline.