Silicon Metals Corp. Issues First Aggregate Permit Option Shares and Makes Initial Cash Payment

Core Viewpoint - Silicon Metals Corp. has issued 500,000 common shares and made an initial cash payment of $25,000 as part of an option agreement to acquire a 100% interest in Aggregate Permit AP6453 located in Ontario's Sudbury Mining District [2][4]. Group 1: Financial Transactions - The company issued 500,000 common shares at a deemed price of $0.055 per share to Geotek Exploration and Prospecting Ltd. [2] - An initial cash payment of $25,000 was made as part of the option agreement [2]. - Future payments under the option include issuing 1,500,000 common shares within 12 months and another 1,500,000 shares within 18 months following CSE approval [7]. Group 2: Company Overview - Silicon Metals Corp. is focused on exploration in western Canada, particularly in British Columbia [4]. - The company holds a 100% interest in the Ptarmigan Silica Project and has options for the Silica Ridge and Longworth Silica Projects [4]. - The company has signed a Definitive Option Agreement for the Sudbury District Aggregate Permit 6453 and a Definitive Purchase Agreement for five mining claims encompassing the permit [4].