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Silicon Metals Corp. Closes Final Tranche of Its Strategic NFT and FT Unit Offerings for Aggregate Gross Proceeds of $200,000
Newsfile· 2025-10-21 22:45
Core Points - Silicon Metals Corp. has successfully closed the final tranche of its non-brokered private placements, raising a total of $200,000 [1] - The final tranche involved the issuance of 1,100,000 non-flow-through units at a price of $0.05 per unit, generating gross proceeds of $55,000 [2] - The proceeds from the sale will be utilized for general working capital purposes [3] Financial Details - Each non-flow-through unit consists of one common share and one half of a common share purchase warrant, with the whole warrant allowing the purchase of a common share at an exercise price of $0.06 for 24 months [2] - An accelerator provision is included in the terms of the warrants, allowing the company to accelerate the expiry date if the common shares close at $0.15 or higher for ten consecutive trading days [2] Company Overview - Silicon Metals Corp. is focused on exploration and development in Canada, particularly in British Columbia and Ontario [5] - The company holds a production permit for the Maple Birch Project, which has a capacity of 3,000 tonnes per year [5] - Additionally, the company has full rights to the Ptarmigan Silica Project and other exploration stage projects in British Columbia [5]
Silicon Metals Corp. Closes Initial Tranche of Its Strategic NFT and FT Unit Offerings for Aggregate Gross Proceeds of $145,000
Newsfile· 2025-10-17 22:39
Core Points - Silicon Metals Corp. has successfully closed the initial tranche of its non-brokered private placements, raising a total of $145,000 [1] - The company plans to close the final tranche of the offering next week [1] Offering Details - In the First Tranche, 1,500,000 non-flow-through units were issued at $0.05 per share, generating gross proceeds of $75,000 [2] - Each non-flow-through unit consists of one common share and one half of a common share purchase warrant, with a full warrant allowing purchase at $0.06 for 24 months [2] - An accelerator provision is included, allowing the company to shorten the warrant expiry if the share price reaches $0.15 for ten consecutive trading days [2] - Additionally, 1,000,000 flow-through units were issued at $0.07 per share, raising $70,000 [3] - Each flow-through unit also includes a warrant with an exercise price of $0.10 for 24 months and the same accelerator provision [3] Use of Proceeds - Proceeds from the non-flow-through units will be used for general working capital [4] - Proceeds from the flow-through units will be allocated to eligible exploration expenditures in British Columbia and Ontario [4] Additional Information - Finder's fees of $1,400 were paid, and 20,000 finder's warrants were issued, each exercisable at $0.07 for 24 months [4] - All securities issued will be subject to a statutory hold period of four months and one day [5] - The offering securities will not be registered under the United States Securities Act of 1933 [6] Company Overview - Silicon Metals Corp. focuses on exploration and development in Canada, particularly in British Columbia and Ontario [7] - The company’s Maple Birch Project has a production permit for 3,000 tonnes per year [7] - The company also holds rights to several exploration stage projects, including the Ptarmigan Silica Project and the Silica Ridge Silica Project [8]
Silicon Metals Corp. Announces Various Corporate and Operational Updates
Newsfile· 2025-08-21 11:00
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].
Silicon Metals Corp. Completes Aggregate Production Permit Option Cash Payments
Newsfile· 2025-08-12 09:00
Silicon Metals Corp. is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The Company's Maple Birch Project, located approximately 30km south-east of Sudbury, Ontario, is a high purity quartz pegmatite project with a 3,000 tonne per year production permit. The Company also holds an undivided 100% right, title, and interest in the exploration stage and now fully 5-year permitted Ptarmigan Silica Project, located approximately 130km from Prince George, British Co ...
Silicon Metals Corp. Announces Receipt of 5-Year Exploration Permits for the Ptarmigan Silica Project in British Columbia
Newsfile· 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].
Silicon Metals Corp. Announces Stock Option Grant
Newsfile· 2025-07-24 23:52
Company Overview - Silicon Metals Corp. is focused on exploration and development in Canada, specifically in British Columbia and Ontario [3] - The company has 100% ownership of the Maple Birch Project, a high purity quartz pegmatite project with a production permit of 3000 tonnes per year, located approximately 30km southeast of Sudbury, Ontario [3] - Silicon Metals also holds a 100% interest in the Ptarmigan Silica Project, located about 130km from Prince George, British Columbia [3] - The company has acquired options to purchase 100% rights in the Silica Ridge Silica Project and the Longworth Silica Project, located approximately 70km southeast and 85km east from Prince George, British Columbia, respectively [3] Stock Options Announcement - The company has granted a total of 1,000,000 stock options to a director and a consultant for the purchase of common shares [1] - The options are exercisable for a period of 5 years at an exercise price of $0.06 per share [2] - 500,000 options issued to the director will vest four months from the grant date, while 500,000 options issued to the consultant will vest immediately [2] - The options and underlying shares will be subject to a four-month hold period in accordance with CSE policies [2]
Silicon Metals Corp. Issues First Aggregate Permit Option Shares and Makes Initial Cash Payment
Newsfile· 2025-07-21 23:05
Core Viewpoint - Silicon Metals Corp. has issued 500,000 common shares and made an initial cash payment of $25,000 as part of an option agreement to acquire a 100% interest in Aggregate Permit AP6453 located in Ontario's Sudbury Mining District [2][4]. Group 1: Financial Transactions - The company issued 500,000 common shares at a deemed price of $0.055 per share to Geotek Exploration and Prospecting Ltd. [2] - An initial cash payment of $25,000 was made as part of the option agreement [2]. - Future payments under the option include issuing 1,500,000 common shares within 12 months and another 1,500,000 shares within 18 months following CSE approval [7]. Group 2: Company Overview - Silicon Metals Corp. is focused on exploration in western Canada, particularly in British Columbia [4]. - The company holds a 100% interest in the Ptarmigan Silica Project and has options for the Silica Ridge and Longworth Silica Projects [4]. - The company has signed a Definitive Option Agreement for the Sudbury District Aggregate Permit 6453 and a Definitive Purchase Agreement for five mining claims encompassing the permit [4].
Silicon Metals Corp. Announces Amendment to Previously Announced Private Placement of up to $800,000
Newsfile· 2025-07-16 01:30
Core Viewpoint - Silicon Metals Corp. has amended the terms of its previously announced private placement, aiming to raise up to $800,000 through the issuance of non-flow-through units priced at $0.05 each [1][2]. Group 1: Offering Details - The Company plans to issue up to 16,000,000 non-flow-through units, each consisting of one common share and one half of a common non-flow-through share purchase warrant [2]. - Each whole non-flow-through warrant will allow the holder to purchase a common share at an exercise price of $0.055 for a period of 24 months [2]. - An accelerator provision is included, allowing the Company to accelerate the expiry date of the warrants if the common shares close at $0.15 or higher for ten consecutive trading days [2]. Group 2: Use of Proceeds - The proceeds from the Offering will be used for the advancement and development of the Company's properties and for general working capital purposes [3]. Group 3: Company Overview - Silicon Metals Corp. is focused on exploration in western Canada, particularly in British Columbia, holding a 100% interest in the Ptarmigan Silica Project and options for additional silica projects [5].
Silicon Metals Corp. Signs a Definitive Option to Acquire 100% Ownership of Sudbury District Based Aggregate Permit, Acquires Encompassing Mineral Claims and Announces Private Placement of up to $800,000
Newsfile· 2025-07-15 08:30
Core Viewpoint - Silicon Metals Corp. has signed definitive agreements to acquire 100% ownership of an Aggregate Permit and surrounding mineral claims in the Sudbury District of Ontario, along with plans for a private placement to raise up to $800,000 [1][3]. Acquisition Details - The company has entered into two definitive agreements with separate vendors to acquire an Aggregate Permit AP6453 and five mining claims covering quartz-rich pegmatite mineralization [1][5]. - The active Aggregate Permit allows for the extraction of high purity quartz material through quarrying, covering an area of 6.77 hectares with an initial extraction capacity of 3,000 tonnes per year [6]. Financial Aspects - The company plans to complete a private placement of up to 16,000,000 non-flow-through units at a price of $0.05 per unit, aiming for gross proceeds of up to $800,000 [10][11]. - Proceeds from the offering will be used for the advancement and development of the Permit and surrounding claims, as well as for general working capital [11]. Share Issuance Terms - Silicon Metals is required to make several cash payments and issue common shares to the optionor as part of the acquisition agreements, including $25,000 in cash and 500,000 common shares upon CSE approval [7][8]. - Additional share issuances of 1,500,000 common shares are required at specified intervals following CSE approval [7]. Project Updates - The company has received LiDAR data for the Ptarmigan Project and is currently conducting internal analysis and modeling [9]. Company Background - Silicon Metals Corp. is focused on exploration in western Canada, holding interests in multiple silica projects, including the newly acquired Aggregate Permit in Ontario [15].
Jo-Jo Capital Signs Letter of Intent With Placements Appalache Limitée to Acquire Up to a 100% Interest in the Baie-Johan-Beetz Project
Globenewswire· 2025-05-01 02:29
Core Viewpoint - Jo-Jo Capital Canada Ltd. has entered into a non-binding letter of intent with Placements Appalache Limitée to pursue a business combination transaction, which is expected to result in PAL shareholders holding a majority of Jo-Jo's voting securities [1][2]. Company Overview - Jo-Jo Capital Canada Ltd. is a capital pool company focused on identifying and evaluating qualifying transactions under the policies of the TSX Venture Exchange [13]. - Placements Appalache Limitée has over 50 years of experience in the Canadian silica mining industry and holds exclusive mining rights to high-purity quartz deposits in Baie-Johan-Beetz, Quebec [3][12]. Transaction Details - The transaction will be structured as a reverse takeover, with PAL shareholders exchanging their securities for those of Jo-Jo [5]. - The transaction is anticipated to be completed through an amalgamation, plan of arrangement, or share exchange, subject to regulatory approvals [5][8]. - A private placement financing by PAL is expected to raise between C$3,000,000 and C$6,000,000 prior to or concurrent with the closing of the transaction [5]. Mining Rights and Resources - PAL's high-purity silica deposit spans 54.22 hectares and is located less than 800 meters from the main road, with additional unexplored claims of 383.24 hectares [3]. - High-purity silica is designated as a critical mineral in Canada and is essential for various advanced technologies, including solar panels and semiconductors [4]. Regulatory and Approval Process - Completion of the transaction is subject to conditions including Exchange acceptance, shareholder approval, and satisfactory due diligence investigations [8][10]. - Jo-Jo is required to maintain a minimum bank account balance of $100,000 at closing and may need to retain a sponsor for the transaction [10]. Future Structure - Following the transaction, the board of directors of the resulting issuer will initially consist of three to five directors appointed by PAL [10].