Alaska Silver Corp. Announces CEO Transition; Grants RSUs & Options

What Happened
Alaska Silver Corp. (WAMFF) filed an 8-K on Oct 1, 2026 announcing that Aaron Schutt transitioned to Chief Executive Officer effective October 1, 2026. The company also disclosed equity awards made on September 30, 2026 and confirmed the prior issuance of shares related to debt conversion.

Key Details

• The company granted an aggregate of 109,770 restricted stock units (RSUs); each RSU converts into one common share and vests one year from the grant date (Sept 30, 2026).
• The company granted 525,000 stock options to certain directors and an officer; each option is exercisable at C$0.68 per share and has a five-year term.
• The 8-K reiterates the issuance of 1,509,710 common shares to certain officers for conversion of a portion of debt (previously disclosed in prior 8-Ks).
• A press release titled "Alaska Silver Announces Transition of Aaron Schutt to CEO" was furnished as Exhibit 99.1.

Why It Matters
Management changes and equity awards are material to shareholders because they affect leadership and potential future share count. The RSUs will convert to common shares upon vesting and the options can be exercised at C$0.68, both of which can increase outstanding shares (dilution) if vested/exercised. Investors should note the timing (effective Oct 1, 2026; one-year vesting for RSUs) and the prior debt-to-equity conversion that already added 1,509,710 shares.