Exploration and development of silica projects

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Silicon Metals Corp. Announces Receipt of 5-Year Exploration Permits for the Ptarmigan Silica Project in British Columbia
Newsfileยท 2025-08-01 22:05
Core Viewpoint - Silicon Metals Corp. has received a five-year exploration permit for the Ptarmigan Silica Project, marking a significant milestone for the company in its exploration activities in British Columbia [1][2]. Group 1: Permits and Exploration Activities - The permits are effective from July 31, 2025, to December 30, 2030, allowing a range of exploration activities including surface drilling, trenching, bulk sampling of up to 2,000 tonnes, and construction of access trails and infrastructure [2]. - The receipt of these permits is seen as a major step towards unlocking the high-purity silica potential of the Ptarmigan Silica Project [2]. Group 2: Company Position and Future Outlook - CEO Morgan Good expressed enthusiasm about the permits, indicating that they significantly de-risk the asset and position the company favorably for 2026, which is anticipated to be an exciting year for both shareholders and the company [3]. - The company also holds a 100% interest in the Maple Birch Project, which has a production permit for 3,000 tonnes per year, and other exploration projects in British Columbia [4].