Western Alaska Minerals Corp ( (TSE:WAM) ) just unveiled an update.
Western Alaska Minerals Corp. has completed an unsecured loan transaction, issuing promissory notes totaling US$1.2 million and bonus warrants to lenders. The loan, maturing in 36 months with a 10% annual interest rate, will support the company’s operations and exploration activities. The transaction includes participation from related parties, exempt from certain regulatory requirements, highlighting the company’s strategic financial management and potential implications for stakeholders.
More about Western Alaska Minerals Corp
Western Alaska Minerals Corp. is focused on advancing North America’s next major silver and critical minerals district at the Illinois Creek CRD, which hosts two stand-alone deposits. The company is engaged in exploring a prolific 8-km mineral corridor, anchored by the high-grade silver deposit at Waterpump Creek and the historic Illinois Creek mine. WAM owns 73,535 acres of exploration land and employs innovative techniques and cutting-edge technology in mineral exploration.
YTD Price Performance: 34.00%
Average Trading Volume: 28,814
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$29.69M
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