Alaska Silver Corp (TSE:WAM)
:WAM
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Alaska Silver Corp
(WAM)
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Rating:48Neutral
Price Target:
C$0.81
▼(-37.54% Downside)
Action:Reiterated
Date:05/19/26
The score is held down primarily by weak financial performance: no revenue, sizeable ongoing losses, and continued operating/free-cash-flow burn that increases funding/runway risk despite low-to-moderate leverage. Technicals are neutral-to-mixed (near-term firmness but below key longer-term moving averages), while valuation is only moderately supportive (P/E 11.66) with no dividend yield provided.
Positive Factors
Low leverage / improving debt profile
The company’s debt-to-equity (~0.19 TTM) is modest and has improved from ~0.37 in 2025. Lower leverage reduces immediate refinancing pressure and gives management structural flexibility to fund exploration or capex from equity or limited debt before more dilutive financing is required.
Negative Factors
No revenue / pre-revenue model
The company is pre-revenue and has no top-line base, so long-term value depends entirely on successful exploration, resource monetization, or asset sales. This structural absence of recurring revenue increases reliance on capital markets and makes operational outcomes binary for investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / improving debt profile
The company’s debt-to-equity (~0.19 TTM) is modest and has improved from ~0.37 in 2025. Lower leverage reduces immediate refinancing pressure and gives management structural flexibility to fund exploration or capex from equity or limited debt before more dilutive financing is required.
Read all positive factors
Alaska Silver Corp (WAM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$64.79M
Dividend YieldN/A
Average Volume (3M)403.84K
Price to Earnings (P/E)11.7
Beta (1Y)1.30
Revenue GrowthN/A
EPS Growth-14.69%
CountryCA
Employees12
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.11
Shares Outstanding88,749,150
10 Day Avg. Volume835,455
30 Day Avg. Volume403,837
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)10.31
Price to Sales (P/S)0.00
P/FCF Ratio-13.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.08
Revenue Forecast (FY)N/A
Alaska Silver Corp Business Overview & Revenue Model
Company Description
Alaska Silver Corp. engages in the business of mineral exploration. Its properties include Round Top, Illinois Creek Mine, and Honker. The company was founded by Christopher Marrs on April 8, 2020 and is headquartered in Tucson, AZ....
Alaska Silver Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 106.86K | -358.00 | 0.00 | 0.00 | -1.20K | 0.00 |
| EBITDA | -7.83M | -8.16M | -3.21M | -4.17M | -3.23M | -2.65M |
| Net Income | -6.37M | -8.86M | -3.31M | ― | -2.55M | ― |
Balance Sheet | ||||||
| Total Assets | 14.13M | 16.72M | 35.37M | 32.08M | 27.72M | 13.26M |
| Cash, Cash Equivalents and Short-Term Investments | 6.44M | 9.05M | 849.57K | 1.19M | 3.84M | 1.49M |
| Total Debt | 1.47M | 2.30M | 2.36M | 2.82M | 2.70M | 2.51M |
| Total Liabilities | 6.32M | 10.54M | 3.17M | 3.76M | 3.36M | 2.78M |
| Stockholders Equity | 7.81M | 6.18M | 32.21M | 28.32M | 24.36M | 10.48M |
Cash Flow | ||||||
| Free Cash Flow | -5.54M | -4.61M | -2.21M | -3.63M | -2.17M | -791.79K |
| Operating Cash Flow | -5.53M | -4.61M | -2.21M | -2.27M | -1.62M | -791.79K |
| Investing Cash Flow | -488.60K | -209.44K | -3.75M | -6.71M | -8.79M | -2.59M |
| Financing Cash Flow | 10.95M | 13.02M | 5.64M | 6.21M | 12.60M | 4.89M |
Alaska Silver Corp Technical Analysis
Negative
1.30
Price Trends
0.81
Negative
0.96
Negative
1.00
Negative
Market Momentum
-0.01
Negative
45.83
Neutral
35.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WAM, the sentiment is Negative. The current price of 1.3 is above the 20-day moving average (MA) of 0.75, above the 50-day MA of 0.81, and above the 200-day MA of 1.00, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.83 is Neutral, neither overbought nor oversold. The STOCH value of 35.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WAM.
Alaska Silver Corp Risk Analysis
Alaska Silver Corp disclosed 59 risk factors in its most recent earnings report. Alaska Silver Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Item 3. Defaults Upon Senior Securities Q1, 2026
2.
Item 5. Other Information Q1, 2026
3.
Item 4. Mine Safety Disclosures Q1, 2026
Alaska Silver Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | C$64.79M | 11.66 | -53.20% | ― | ― | -14.69% | |
48 Neutral | C$451.71M | -32.59 | -105.31% | ― | ― | -9.75% | |
46 Neutral | C$457.64M | -55.40 | -4.59% | ― | ― | -7.48% | |
46 Neutral | C$220.64M | -20.48 | -22.79% | ― | ― | -51.83% | |
41 Neutral | C$35.55M | -73.87 | -25.82% | ― | ― | -4.76% |
* Basic Materials Sector Average
TSE:WAM
Alaska Silver Corp
0.72
0.00
0.00%
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TSE:AGA
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Alaska Silver Corp Corporate Events
Business Operations and Strategy
Alaska Silver Launches Aggressive 6,000-Meter 2026 Drill Program at Illinois Creek
Positive
Mar 12, 2026
Alaska Silver Corp. has outlined a fully funded 6,000-meter diamond drilling and surface exploration program for summer 2026 at its 100%-owned Illinois Creek silver-gold-lead-zinc and gallium project in western Alaska. Using two company-owned dril...
Business Operations and StrategyRegulatory Filings and Compliance
Alaska Silver Files Updated NI 43-101 Report Confirming Larger Illinois Creek Resource
Positive
Feb 27, 2026
Alaska Silver Corp. has filed an independent NI 43-101 technical report on SEDAR+ supporting the updated mineral resource estimate for the Illinois Creek gold-silver oxide deposit in western Alaska. Prepared by independent qualified person Dr. Bru...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.