Announcement • Jun 19

Western Alaska Minerals Commences Drilling at its 100% Owned Illinois Creek Property in Western Alaska

Western Alaska Minerals announced that drilling has commenced on its 100% owned Illinois Creek property in western Alaska. Initial drilling is focused on new target zones to expand and link together mineralization along 6 to 8 km of this silver-rich carbonate replacement (CRD) system. Highlights: Objective: Tie the individual zones of the CRD system together, beginning with LH and Warm Springs priority areas, then linking them to the Illinois Creek Mine zone. Budgeted Program: 4,000m of diamond core drilling with potential to expand. Drill Targets are located along approximately 5 km of an 8 km long, SW-NE oriented trend connecting the Waterpump Creek, Warm Springs and Illinois Creek Mine systems. Initial targets lie 2.5 km (LH Zone) and 5 km (WS Zone) respectively, from the high-grade Waterpump Creek silver-zinc-lead NI 43-101 inferred resource containing 74.9 Moz at 980 g/t AgEq, with later drilling tentatively planned near the Illinois Creek Mine zone, which lies anther 2 km along the trend. Target Zone #1: LH strongly resembles Waterpump Creek with historic high-grade oxide intercepts lying up-dip from the target zone and similar surrounding geophysical and soil geochemical signatures. Target Zone #2: WARM SPRINGS (WS) lies close to the past-producing Illinois Creek gold mine, interpreted to lie near the source of the system. was also shows historic high-grade oxide intercepts up-dip from the target zone and similar geophysical and soil geochemical signatures to Waterpump Creek. Strategic Logistics, Maximizing Efficiency: Drilling will be executed by 2, 12 hour shifts of drillers operating two Company-owned, high capacity (Discovery HD) drill rigs set up on the widespread target zones. Drilling will alternate between the zones, permitting the technical team to fully incorporate the results of each drill hole into planning of the next, while greatly reducing drill rig move time and expense. As of June 15, 2024, the first hole targeting the LH zone is nearing completion with drill production on track (54.8 m/day versus 55 m/day budgeted). Updates and assay results will be published as they become available. Technical Discussion: 2024 drilling is focused on finding additional bodies of high-grade sulphide mineralization similar to those of the Waterpump Creek Resource along the 6 to 8 km trend between WPC and the historic Illinois Creek Mine, which is believed to lie proximal to the system's source. Targets are based on an updated geologic model generated through compiling 2022 CSAMT and 2023 3D IP geophysical surveys, historic up-dip oxide drill intercepts, and soil geochemistry similar to those marking Waterpump Creek. The 4,000 meters will be allocated alternately between the two zones described below with the later season drilling expected to focus on the areas with the most promising early results. LH zone: The LH zone lies to the south-southwest of the WPC resource within the same carbonate sequence and exhibits very similar CRD-style alteration and geophysical signatures as that found at the high-grade WPC mineral resource. NovaGold's 2006 drilling tested to the east of strong Pb-Zn soil anomalies and intersected oxidized Pb-Zn oxide mineralization within and below an aquitard schist unit analogous to that which occurs above the WPC deposit. The planned 2024 drill holes will be targeted farther down dip, below the level of oxidation and within the favorable carbonate stratigraphy. 2023 WAM exploration drilling in LH zone to the north of the NovaGold drilling, closer to the WPC resource, showed abundant strong CRD-style alteration, characterized by broad zones of fugitive carbonate veins, sanding (de-calcification), and tan carbonates (siderite/ankerite) in nearly all drill holes. Similar alteration was found along two previously recognized favorable carbonate horizons capped by schist units. 3D inversion modelling and interpretation of the high-resolution 3-D resistivity and induced polarization survey (3D IP) revealed two distinct north-south domains: 1) a conductive (<25 ohm-m) zone, that can be used as a proxy for alteration and 2) a near vertical, very conductive (<5 ohm-meter) domain that likely reflects the southerly continuation of the WPC fault- the main structural control on Waterpump Creek mineralization. Both features are farther down-dip (to the east) from the historical drilling and will be the target of 2024 drilling. The conductive (<25 ohm-m) domain increases in size to the south and west of LH towards the Illinois Creek mine and the Warm Springs zone described below. Warm Springs zone: The Warm Springs target zone lies to the east of the past-producing Illinois Creek oxide Au-Ag mine, containing an NI 43-101 compliant Au-Ag resource, and along trend towards the LH prospect and WPC resource. Here, Anaconda and Echo Bay defined an extensive, shallowly-dipping (IC East Manto) gossan up to 60 meters thick with highly anomalous Pb and Zn that lies beneath an impermeable greenstone plate in the same carbonate horizon as the IC deposit. This oxide mineralization is exposed at surface near the east end of the IC East Manto as the Warm Springs Siliceous Breccia. A similar, but unoxidized breccia composed of massive pyrite (sulfide) and anomalous Pb-Zn was intersected below the greenstone by two WAM holes (IC22-01 and IC22-02) that lie 800 and 1000 meters to east respectively. Although the 2023 3D IP survey did not extend this far south, the broadening conductor (<25 ohm-m) modelled at LH projects towards these holes and the IC East Manto. The combined evidence points to a voluminous hydrothermal system that has only been touched by a few holes to date. The 2024 drill program includes several holes to test the sulfide potential of this target. In addition, WAM's 2022 CSAMT geophysical survey defined an east-northeast structure dubbed the Warm Springs Fault (WSF) that likely truncates the East IC Manto down-dip to the south, creating a very attractive target possibly similar to South 32's large-scale Hermosa deposit where a major structure offsets the Central Manto Oxide deposit from the Taylor Deeps Sulfide.

Metals and Mining earnings growth	17.9%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	Low
Last updated	12 Jun 2026

Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	N/A	-16	N/A	N/A	1
12/31/2026	N/A	-20	N/A	N/A	1
3/31/2026	N/A	-7	-6	-6	N/A
12/31/2025	N/A	-9	-5	-5	N/A
9/30/2025	N/A	-6	-3	-3	N/A
6/30/2025	N/A	-7	-5	-5	N/A
3/31/2025	N/A	-7	-6	-5	N/A
12/31/2024	N/A	-7	-6	-6	N/A
9/30/2024	N/A	-7	-6	-5	N/A
6/30/2024	N/A	-5	-6	-3	N/A
3/31/2024	N/A	-4	-8	-2	N/A
12/31/2023	N/A	-4	-9	-2	N/A
9/30/2023	N/A	-4	-10	-2	N/A
6/30/2023	N/A	-4	-12	-3	N/A
3/31/2023	N/A	-4	-11	-2	N/A
12/31/2022	N/A	-3	-10	-2	N/A
9/30/2022	N/A	-4	-10	-2	N/A
6/30/2022	N/A	-3	-6	-1	N/A
3/31/2022	N/A	-3	-5	-1	N/A
12/31/2021	N/A	-3	-4	-1	N/A
9/30/2021	N/A	-1	-2	0	N/A
6/30/2021	N/A	-1	-1	0	N/A
3/31/2021	N/A	0	0	0	N/A
12/31/2020	N/A	0	0	0	N/A

Data	Last Updated (UTC time)
Company Analysis	2026/07/02 10:20
End of Day Share Price	2026/06/30 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
null null	Roth Capital Partners
Richard Niehuser	Roth Capital Partners

Alaska Silver Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Recent updates

Alaska Silver Corp. Provides Update on 2026 Summer Exploration Program at Illinois Creek Project

Alaska Silver Corp. Announces CEO Changes Effective as of October 1, 2026

Alaska Silver Corp., Annual General Meeting, Jun 19, 2026

Alaska Silver Corp Announces 6,000-Meter Drill Program for Illinois Creek Project

Alaska Silver Corp. Announces the Release of an Updated Mineral Resource Estimate for the Illinois Creek Gold-Silver Deposit At Its 100% Owned Illinois Creek Project Located on State Land in Western Alaska

Alaska Silver Cuts High-Grade Silver and Zinc at Waterpump Creek and Silver Sage WPC-35

Alaska Silver (CVE:WAM) Is Making Moderate Use Of Debt

New major risk - Shareholder dilution

Does Alaska Silver (CVE:WAM) Have A Healthy Balance Sheet?

Alaska Silver Corp., Annual General Meeting, Jun 26, 2025

Western Alaska Minerals Corp. Announces Significant Gallium Values At Waterpump Creek

Western Alaska Minerals Corp. announced that it has received CAD 1.2 million in funding

Western Alaska Minerals Corp. announced that it expects to receive CAD 1.72692 million in funding

Western Alaska Minerals Drilling Confirms District-Scale Potential

Western Alaska Minerals Provides Update of the 2024 Discovery At the Warm Springs Target on Its 100% Owned Illinois Creek Project in Western Alaska

Western Alaska Minerals Announces Initial Gold Assay Results from Their First Ever Drilling at the Warm Springs Target on the Illinois Creek Project in Western Alaska

Western Alaska Minerals Commences Drilling at its 100% Owned Illinois Creek Property in Western Alaska

Western Alaska Minerals Announces CFO Changes

Western Alaska Minerals Corp. announced that it has received CAD 2.608438 million in funding

Western Alaska Minerals Corp. announced that it has received CAD 2.478438 million in funding

Western Alaska Minerals Corp., Annual General Meeting, Jun 28, 2024

Western Alaska Minerals Corp. announced that it expects to receive CAD 6.5 million in funding

Western Alaska Minerals Corp. Announces Resignation of Alex Tong as CFO Effective June 30, 2024

Western Alaska Minerals Provides Exploration Summary for 2023 Work Completed on Its 100% Owned, 30,000-Hectare Illinois Creek Carbonate Replacement Deposit Project in Central Alaska

Western Alaska Minerals Corp. Announces Change to Board of Directors

Western Alaska Minerals Corp. announced that it has received $0.982214 million in funding

Western Alaska Minerals Corp. announced that it has received CAD 1.686234 million in funding

Western Alaska Minerals Corp. announced that it expects to receive CAD 1.500001 million in funding

Western Alaska Minerals Corp.'S Common Shares to Be Delisted from the TSX Venture Exchange

Western Alaska Minerals Reports First Assays from 2023 Drilling - Drill Hole WPC23-0029 (Infill)

Western Alaska Minerals Extends Waterpump Creek Mineralization

Western Alaska Minerals Announces Commencement of Operations and Exploration Activities At Its 100% Owned Illinois Creek Mining District

Western Alaska Minerals Announces Updated Ni 43-101 Report Highlighting Waterpump Creek Results and Exploration Implications

Western Alaska Minerals Corp. announced that it has received $1.044865 million in funding

Western Alaska Minerals Corp. announced that it expects to receive CAD 41.6 million in funding from Appian Capital Advisory LLP

Western Alaska Minerals Corp., Annual General Meeting, Jun 30, 2023

Western Alaska Minerals Announces Bonanza-Grades from Waterpump Creek

Western Alaska Minerals Announces Assay Results for Three Thick, High-Grade Mineralized Intervals from Waterpump Creek Drill Hole WPC22-22

Insufficient new directors

Western Alaska Minerals Announces Two Thick, High-Grade Mineralized Intervals from Waterpump Creek

Western Alaska Minerals Reports Assays for Multi-Stage CRD Feeder Zone Cut in Hole WPC22-18 at Waterpump Creek

Western Alaska Minerals Corp. announced that it has received CAD 12.000696 million in funding

Western Alaska Minerals Corp. announced that it expects to receive CAD 8.2 million in funding

Western Alaska Minerals Corp. Reports 337 g/t (10.8 OZ/t) Silver, 16.7% Zinc and 10.0% Lead over 11.5 Meters in WPC22-11 Drilled Prior to the 101 Meter WPC22-18 Discovery Hole At Waterpump Creek

Co-Founder exercised options to buy CA$425k worth of stock.

Western Alaska Minerals Announces Additional Visual Observations of Core from Its Ongoing Drilling At the Waterpump Creek Carbonate Replacement Deposit

Western Alaska Minerals Announces Initial Drill Results At Its Highgrade Carbonate Replacement Deposit - Up to 18.5 Meters of Massive Sulfide in Tw0 Horizons Encountered in Waterpump Creek Wpc22-07

Western Alaska Minerals Corp. Announces the Opening of its Illinois Creek Camp and the Commencement of Drilling at the Waterpump Creek High-Grade Silver-Lead-Zinc Carbonate Replacement Deposit (CRD) in Western Alaska

Western Alaska Minerals Corp. Announces Commencement of the 2022 Exploration Program in the Illinois Creek Mining District

No independent directors

Western Alaska Minerals Corp. announced that it expects to receive CAD 5.004 million in funding

Western Alaska Minerals Reports Final 2021 Drill Results and Provides A New District Geological Interpretation At It's Illinois Creek Project, Alaska

Western Alaska Minerals Corp. Announces Final 2021 Drill Results from the Waterpump Creek Carbonate Replacement Deposit Target at Its 100%-Owned Illinois Creek Project in Western Alaska

No independent directors

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources