Alaska Silver Corp. Form 8-K Filing Summary

Alaska Silver Corp. (the "Company") announced on December 17, 2025, an amendment to a promissory note originally issued by its subsidiary, Western Alaska Copper and Gold Company (WACG), to Joe Piekenbrock. The amendment, effective November 1, 2025, reduces the interest rate on the outstanding principal balance from 5% to 3.5% per annum. Monthly payments remain at $10,000, with a 6% principal reduction payment due upon any future financing round closure. The maturity date for the remaining outstanding principal and accrued interest has been extended from December 1, 2026, to July 1, 2027. Additionally, on December 19, 2025, the Company issued 68,334 restricted stock units (RSUs) valued at approximately $54,000 to three non-executive directors as compensation for their board service during the third and fourth quarters of 2025. These RSUs will vest one year from their grant date.