Alaska Silver Announces Appointment of Aaron Schutt as CEO and Planned Retirement of Kit Marrs

About this update from Alaska Silver Corp

Tucson, Arizona--(Newsfile Corp. - June 11, 2026) - Alaska Silver Corp. (TSXV: WAM) (OTCQX: WAMFF) (the "Company" or "Alaska Silver") is pleased to announce that Aaron Schutt has accepted the Company's offer to serve as Chief Executive Officer of the Company, effective October 1, 2026. Mr. Schutt succeeds Mr. Christopher (Kit) Marrs, co-founder of the Company, who will resign as President and Chief Executive Officer effective as of October 1, 2026. Mr. Marrs has been appointed Executive Chairman of the Company's board of directors effective immediately and will continue in that role following this transition to maintain continuity and providing technical advice. Mr. Schutt was appointed to the Company's board of directors in May 2026 and brings extensive leadership experience in Alaska-based business enterprises. A native Alaskan, Mr. Schutt was President and CEO of Doyon Limited until his retirement on June 1, 2026. In his role as CEO and President, Mr. Schutt was responsible for the overall direction of the Doyon Family of Companies with +$500 million of revenue. During his 20 years with Doyon, Mr. Schutt led the company in its pursuit of responsible natural resource development, arctic-focused businesses, and utilities development serving US military bases in Alaska, along with many traditional uses of the lands. Prior to being named Doyon President and CEO, Mr. Schutt served as Doyon's Senior Vice President and Chief Operating Officer from 2008 to 2011. He has a bachelor's of science in civil engineering from Washington State University. Mr. Schutt went on to receive a master's of science in civil engineering from Stanford University, followed by his juris doctorate from Stanford Law School. Aaron Schutt stated: "Since joining the Board of Directors last month, I have become increasingly excited about the opportunities ahead for the Company. As I prepare to assume the role of Chief Executive Officer in October, I look forward to helping lead the Company's next chapter of growth. This role is particularly meaningful to me given my longstanding ties to Interior Alaska and my belief in its tremendous potential. I will work closely with our Board, management team, technical experts, and local stakeholders to advance the Company's objectives and create long-term value for shareholders....

View stock analysis, news, and events for Alaska Silver Corp