Alaska Silver Announces Closing of US$13.8 Million Offering

Tucson, Arizona–(Newsfile Corp. – October 3, 2025) – Alaska Silver Corp. (TSXV: WAM) (the “ Company, ” “ Alaska Silver ” or “ WAM “) is pleased to announce that it has closed its previously announced offering of 21,229,000 units of the Company (“ Units “) at a price of US$0.65 per Unit for gross proceeds of US$13,798,850 (the “ Offering “). The Offering was led by Cantor Fitzgerald & Co. (“ Cantor “) as lead book-running manager on behalf of a syndicate of underwriters including Canaccord Genuity Corp., ATB Capital Markets Inc. and Agentis Capital Markets (First Nations Financial Markets LP) (collectively, the “ Underwriters “). Each Unit consists of one subordinate voting share and one subordinate voting share purchase warrant (a “ Warrant “). Each Warrant is exercisabl