InvestmentAug 11, 2026, 05:22 PM
Alaska Silver Secures C$7.6M PIPE Financing to Expand Drill Program
AI Summary
Alaska Silver Corp. announced a private investment in public equity (PIPE) financing of up to C$7.6 million. The financing, priced at C$0.55 per unit, will fund a 50% expansion of its 2026 drill program at the Illinois Creek Project, increasing it to 9,000 meters. Crescat Capital LLC, a significant shareholder, will participate to maintain its ownership interest in the company.
Key Highlights
- Alaska Silver announced a C$7.6 million PIPE financing.
- The financing involves 13,846,910 units at C$0.55 per unit.
- Each unit consists of one common share and one common share purchase warrant.
- Warrants are exercisable at C$0.75 for three years.
- Proceeds will expand the 2026 drill program from 6,000 to 9,000 meters.
- Crescat Capital, a 13.8% shareholder, will participate to maintain its stake.
- Funds will also support metallurgical work, environmental studies, and general corporate purposes.
- The financing is expected to close around August 14, 2026.
Price Impact
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