Silicon Metals Corp. Announces Strategic Non-Flow-Through and Flow-Through Private Placements of up to $200,000

Core Viewpoint - Silicon Metals Corp. is planning to conduct two private placements, aiming to raise up to $200,000 in total, with $100,000 from a non-flow-through offering and $100,000 from a flow-through offering [1][2]. Offering Details - The Non-Flow-Through Offering will consist of up to 2,000,000 units priced at $0.05 each, including one common share and one half of a non-flow-through common share purchase warrant, with an exercise price of $0.06 for 24 months [3]. - The Flow-Through Offering will consist of approximately 1,428,571 units priced at $0.07 each, including one flow-through common share and one half of a non-flow-through common share purchase warrant, with an exercise price of $0.10 for 24 months [4]. Use of Proceeds - Proceeds from the Non-Flow-Through Offering will be used for general working capital, while proceeds from the Flow-Through Offering will be allocated to eligible exploration expenditures in British Columbia and Ontario [5]. Company Overview - Silicon Metals Corp. focuses on exploration and development in Canada, particularly in British Columbia and Ontario, with projects including the Maple Birch Project and the Ptarmigan Silica Project [9].