Alaska Silver Announces Grant of RSUs

Core Points - Alaska Silver Corp. has issued 68,334 restricted share units (RSUs) to non-executive directors, which will vest in one year [1] - The company has amended a promissory note with its subsidiary, reducing the interest rate from 5.0% to 3.5% and lowering monthly payments from $25,000 to $10,000, with the maturity date extended to July 1, 2027 [2] Company Overview - Alaska Silver is a pioneer in a major high-grade silver and critical minerals district at the Illinois Creek Project in western Alaska, with significant mineralization including 75 million ounces of silver at 980 g/t AgEq [3] - The Illinois Creek mine has indicated resources of 525,000 ounces of AuEq and inferred resources of 152,000 ounces of AuEq, showcasing substantial exploration potential across an 8-km length [3] - The project covers a 100% owned land package of 80,895 acres (approximately 126.36 square miles or 32,337 hectares) [3]