{"url_path":"/sec/wamff/8-k/2026-05-19/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-19","source_url":"https://www.sec.gov/Archives/edgar/data/1893899/0001062993-26-002791-index.html","accession_number":"0001062993-26-002791","cik":"0001893899","ticker":"WAMFF","issuer_name":"Alaska Silver Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1893899/0001062993-26-002791-index.html","primary_entity_key":"0001893899","primary_entity_name":"Alaska Silver Corp."},"word_count":292,"has_tables":true,"body_markdown":"**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\nOn May 18, 2026, the Board of Directors (the \"Board\") of Alaska Silver Corp. (the \"Company\") approved the execution of agreements, subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange and the approval of disinterested shareholders of the Company at its next meeting of shareholders, with Christopher Marrs (CEO), Joan Marrs (VP Administration), Joe Piekenbrock (VP Exploration) and Piek Exploration LLC (a company controlled by Joe Piekenbrock) (together, the \"Creditors\") for the conversion of a portion of debt owing to them for the issuance of common shares of the Company (the \"Debt Settlement Agreements\").\n\nThe debt to be settled by the Debt Settlement Agreements represents deferred management fees owed to the Creditors, which accrued pursuant to employment and consulting agreements between the Company and the Creditors between 2023 and 2025 (in the case of Christopher Marrs and Joan Marrs) and from 2022 to present (in the case of Joe Piekenbrock). Pursuant to the Debt Settlement Agreements, Christopher Marrs, Joan Marrs, Joe Piekenbrock and Piek Exploration LLC will receive 745,479, 484,386, 188,967 and 90,878 shares of common shares of the Company, respectively (the \"Settlement Shares\"), in exchange for the settlement of C$611,292.68, C$397,196.54, C$154,953.12 and C$74,520.00 in fees, respectively. The Settlement Shares will be subject to a four-month hold period from the date of issuance in accordance with applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada\n\nCopies of the Debt Settlement Agreements are attached as Exhibits 10.1, 10.2, 10.3 and 10.4 hereto and the full text of such exhibits are incorporated by reference herein."}