Alaska Silver Corp. Enters Material Definitive Agreement

TL;DR

Alaska Silver Corp. signed a big deal on 12/17/25. Details TBD.

AI Summary

Alaska Silver Corp. announced on December 17, 2025, that it entered into a material definitive agreement. The company, formerly known as Western Alaska Minerals Corp. until November 15, 2021, is involved in the gold and silver ores industry. The filing does not disclose specific details of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates a significant new development for Alaska Silver Corp., potentially impacting its future operations and financial standing. Investors will be looking for more details on the nature of this agreement.

Risk Assessment

Risk Level: medium — The lack of specific details regarding the material definitive agreement introduces uncertainty, warranting a medium risk assessment until further information is disclosed.

Key Players & Entities

• Alaska Silver Corp. (company) — Registrant
• Western Alaska Minerals Corp. (company) — Former company name
• December 17, 2025 (date) — Date of earliest event reported
• November 15, 2021 (date) — Date of former company name change
• December 22, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $3,698,000 — orporated for a total purchase price of $3,698,000, which WACG satisfied by issuing a prom
• $10,000 — ade as follows: (i) monthly payments of $10,000 on the outstanding principal balance du
• $25,000 — hly principal payments will increase to $25,000; (ii) in the event that the Company clo
• $750,000 — (iii) a principal reduction payment of $750,000 due on June 1, 2026; and (iv) payment o
• $54,000 — total grant date value of approximately $54,000 to three non-executive directors of the

Filing Documents

• form8k.htm (8-K) — 18KB
• exhibit10-1.htm (EX-10.1) — 10KB
• exhibit10-2.htm (EX-10.2) — 8KB
• 0001062993-25-017444.txt ( ) — 240KB
• wamff-20251217.xsd (EX-101.SCH) — 4KB
• wamff-20251217_cal.xml (EX-101.CAL) — 1KB
• wamff-20251217_def.xml (EX-101.DEF) — 22KB
• wamff-20251217_lab.xml (EX-101.LAB) — 45KB
• wamff-20251217_pre.xml (EX-101.PRE) — 24KB
• form8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. As previously disclosed, on March 31, 2021, Western Alaska Copper and Gold Company ("WACG"), a direct wholly owned subsidiary of Alaska Silver Corp. (the "Company"), acquired all of the issued and outstanding shares of common stock of Piek Incorporated for a total purchase price of $3,698,000, which WACG satisfied by issuing a promissory note (as amended, the "Promissory Note") to Joe Piekenbrock, the Company's Chief Exploration Officer (the "Holder"). The Promissory Note bears interest at 5% per annum and matures on December 1, 2026, with payments made as follows: (i) monthly payments of $10,000 on the outstanding principal balance due until the Company closes a financing, at which time the monthly principal payments will increase to $25,000; (ii) in the event that the Company closes a financing round, a principal reduction payment equal to 6% of such financing round to be applied against the outstanding principal balance of the Principal Note, together with accrued interest, due and payable upon closing of each such financing round; (iii) a principal reduction payment of $750,000 due on June 1, 2026; and (iv) payment of the remaining outstanding principal balance and all accrued interest on December 1, 2026. On December 17, 2025, WACG entered into the Eighth Amendment to Promissory Note (the "Amendment") with the Holder, pursuant to which, effective November 1, 2025, (a) interest on the outstanding principal balance of the Promissory Note accrues at a rate equal 3.5% per annum and (b) payments are to be made as follows: (i) monthly payments of $10,000 on the outstanding principal balance; (ii) in the event that the Company closes a financing round, a principal reduction payment equal to 6% of such financing round to be applied against the outstanding principal balance of the Promissory Note; (iii) payment of the remaining outstanding principal balance of the Promissory Note, together with all accrued intere

01. Other Events

Item 8.01. Other Events. On December 19, 2025, the Company issued a total of 68,334 restricted stock units ("RSUs") with a total grant date value of approximately $54,000 to three non-executive directors of the Company who elected to receive their annual fees for board service in the form of RSUs in accordance with the Company's director compensation policy. Such RSUs reflect amounts payable to such directors for the third and fourth quarters of 2025. Each RSU represents the right to receive one subordinate voting share, no par value, of the Company upon vesting and will vest one year from their grant date.

01. Exhibits

Item 9.01. Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Eighth Amendment to Promissory Note, dated as of December 17, 2025, by and between Western Alaska Copper & Gold Company and Joe Piekenbrock 10.2 News Release dated December 22, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 22, 2025 ALASKA SILVER CORP. By: /s/ Darren Morgans Darren Morgans Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR