Silicon Metals Corp. Announces 100% Acquisition of Five (5) Mining Claims
Newsfile·2025-07-31 23:00

Core Viewpoint - Silicon Metals Corp. has successfully acquired a 100% interest in five mining claims as part of its Maple Birch Project, which is located in the Sudbury Mining District of Ontario, Canada, by issuing 100,000 common shares at a deemed price of $0.055 per share [1]. Group 1: Acquisition Details - The company issued 100,000 common shares to a third-party vendor as part of an option agreement to purchase the mining claims [1]. - The acquisition allows the company to hold an undivided 100% right, title, and interest in the five mining claims [1]. Group 2: Project Overview - The Maple Birch Project spans 1,848 hectares and is considered highly prospective for high purity quartz-rich pegmatite mineralization [3]. - The project has already identified valuable pegmatite mineralization, and the company has obtained an Aggregate Production Permit for extracting high purity quartz pegmatite [3]. - A detailed exploration program is planned to potentially discover more pegmatite pods within the project [3]. Group 3: Company Background - Silicon Metals Corp. focuses on exploration and development in Canada, particularly in British Columbia and Ontario [4]. - The Maple Birch Project is approximately 30 km southeast of Sudbury, Ontario, and has a production permit for 3,000 tonnes per year [4]. - The company also holds interests in other exploration-stage projects, including the Ptarmigan Silica Project, Silica Ridge Silica Project, and Longworth Silica Project, all located in British Columbia [4].