Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals", "Silicon", or the "Company") is pleased to announce various corporate and operational updates. The Silicon technical team has recently completed a reconnaissance program at Maple Birch in preparation for a 2025 Q4 work program, which is anticipated to be the beginning of extraction, hauling, processing, and delivery of high-purity pegmatite quartz. The work performed during the reco ...

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 ...

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].

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 PaymentJuly 21, 2025 7:05 PM EDT | Source: Silicon Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals" or the "Company") announces that, further to its news release dated July 15, 2025, it has issued 500,000 common shares (each, a "Share") to Geotek Exploration and Prospecting Ltd. (the "Optionor") at a deemed price of $0.05 ...

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].

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].

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].