Alaska Silver closes C$7.6M PIPE to expand Illinois Creek drilling to 9,000m

Alaska Silver Corp.

Closed PIPE for gross proceeds C$7,615,800 (~US$5,480,000) via 13,846,910 units at C$0.55/unit.
Each unit: one share + one warrant (exercise C$0.75, 3-year term); proceeds fund drilling expansion from 6,000m to ~9,000m.
Crescat Capital (13.8% holder) bought 1,830,910 shares/warrants, maintains ~13.7% stake; related-party transaction, exemptions used.
Company will file resale registration statement within 120 days; effective within 150/180 days.
Financing closed Aug 14, 2026; subject to TSX Venture Exchange final acceptance.

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