Silicon Metals Corp. Closes Flow-Through Offering for Gross Proceeds of $198,610

Core Viewpoint - Silicon Metals Corp. has successfully closed a non-brokered private placement, raising a total of $198,610 through the issuance of 3,055,538 flow-through common shares at a price of $0.065 per share [1]. Group 1: Financial Details - The private placement generated gross proceeds of $198,610 [1]. - Fees of $4,212 were paid, and 64,800 finder's warrants were issued, each exercisable into one common share at an exercise price of $0.065 for a period of thirty-six months [2]. Group 2: Use of Proceeds - The proceeds from the sale of the flow-through shares will be used to incur eligible exploration expenditures on projects located in British Columbia and Ontario [2]. Group 3: Company Overview - Silicon Metals Corp. is focused on exploration and development in Canada, particularly in British Columbia and Ontario [5]. - The company holds a 100% interest in the Maple Birch Project, which has a production permit for 3,000 tonnes per year, and the Crystal Hills Project, consisting of five mineral claims totaling approximately 400 hectares [5]. - Additionally, the company has rights to the Ptarmigan Silica Project and the Silica Ridge Silica Project, both located in British Columbia [5].