Aaron Schutt takes over as Alaska Silver CEO Oct 1; Kit Marrs stays on as Executive Chairman

Alaska Silver Corp.

Schutt succeeds co-founder Christopher (Kit) Marrs as President and CEO effective October 1, 2026; Marrs remains Executive Chairman; transition first announced June 11, 2026.
Schutt joined the board in May 2026 and was President and CEO of Doyon Limited until June 1, 2026, a family of companies with over $500 million of revenue.
Company issued 1,509,710 shares at $0.82 to settle deferred management fee debt owed to Kit Marrs, Joan Marrs and Chief Exploration Officer Joe Piekenbrock, accrued 2022-2025.
Granted 109,770 RSUs and 525,000 stock options at C$0.68 per share for a five-year term; RSUs vest one year from grant; 500,000 options went to a director and officer.
Company says the share settlement preserves cash for drilling; Marrs cites the Illinois Creek district with two resources ready to move into pre-development.

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