Published: October 2, 2026 |

[Click image to enlarge]

Aaron Schutt
[Click image to enlarge]

Alaska Silver has promoted Aaron Schutt to chief executive officer. Schutt succeeds Christopher (Kit) Marrs, co-founder of the company, as president and chief executive officer. Marrs remains executive chairman of the board of directors and will continue in that role following this transition to maintain continuity and provide technical advice. 

“Since joining the board of directors in June, I have become increasingly excited about the opportunities ahead for the company. As I assume the role of chief executive officer, 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,” said Aaron Schutt.

“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,” added Schutt.

Aaron Schutt was appointed to the company’s board of directors in May 2026 and brings extensive leadership experience in Alaskan-based business enterprises. Schutt, an Alaska Native, was president and CEO of Doyon Limited until June 1, 2026. In his role as CEO and president, Schutt was responsible for the overall direction of the Doyon Family of Companies with +$500 million of revenue. During his 20 years with Doyon, Schutt led the company in its pursuit of responsible natural resource development, arctic-focused businesses, and utilities development serving U.S. military bases in Alaska, along with many traditional uses of the lands.

Kit’s Marrs’ transition marks the culmination of more than fifty years as an exploration geologist. Kit first worked at Illinois Creek in the 1980’s for Anaconda Copper Co. and later co-founded Western Alaska Copper & Gold Co. with his wife Joan, in 2010. Kit’s work includes seventeen years of dedicated service to Alaska Silver and its predecessor companies. He has served as its president and chief executive officer since inception, guiding Alaska Silver through its formative years as a private company, including its listing on the TSX Venture Exchange in 2021 and on the OTCQX market in 2025. He has been integral in the advancement of the company’s flagship Illinois Creek Project in western Alaska. Kit will continue to serve the company as executive chairman.

“I look forward to Aaron’s leadership and expertise in developing natural resources in Alaska. Aaron has the skills needed to take the Illinois Creek District into development,” said Kit Marrs.

“We control an entire mining district with multiple mineral deposits and two resources that are ready to move into pre-development while we continue to explore our extensive land package and look to produce new discoveries,” added Marrs.

Alaska Silver is a junior exploration company focused on the discovery and development of high-grade silver, gold and critical metals assets within one of North America’s major high-grade silver and critical minerals districts at their Illinois Creek (IC) Project in western Alaska. Illinois Creek is a contiguous, 100 percent owned land package totaling 80,895 acres (126.4 square miles or 32,337 hectares) anchored by two resource-level mineralization zones separated by 8 km of high potential exploration ground.

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