Silicon Metals Corp. Announces Various Corporate and Operational Updates

Core Viewpoint - Silicon Metals Corp. has made significant progress in its corporate and operational activities, including securing permits for its Maple Birch and Ptarmigan Silica Projects, which are expected to enhance the company's production capabilities and exploration potential in the coming years [1][9]. Group 1: Maple Birch Project - The Maple Birch Project has been permitted for production of up to 3,000 tonnes per year, with a final cash payment of $25,000 made to Geotek Exploration, totaling $50,000 cash and 500,000 common shares [2][5]. - A reconnaissance program has been completed in preparation for a Q4 2025 work program, which includes extraction, hauling, processing, and delivery of high-purity pegmatite quartz [4][5]. - The company is optimistic about generating non-dilutive capital as early as 2026 from the extraction of the first 3,000 tonnes [5]. Group 2: Ptarmigan Silica Project - Silicon Metals has received a five-year Mines Act Permit and Free Use Permit for the Ptarmigan Silica Project, allowing a range of exploration activities including surface drilling and bulk sampling of up to 2,000 tonnes [6][7]. - The permits are effective from July 31, 2025, to December 30, 2030, marking a major milestone for the company [7]. - Previous work at the Ptarmigan site has shown promising results, with numerous samples returning 99.9% purity [8]. Group 3: Financial and Corporate Developments - The company plans to issue 923,075 common shares to settle a debt of $60,000 to consultants and directors at a deemed price of $0.065 [11]. - The debt settlement with directors is classified as a related party transaction, exempt from certain valuation and minority shareholder approval requirements [12]. - The company is focused on exploration and development in Canada, particularly in British Columbia and Ontario, with multiple projects aimed at high-purity silica production [15].