Core Points - Silicon Metals Corp. has made a final cash payment of $25,000 to Geotek Exploration and Prospecting Ltd. as part of an option to purchase a 100% interest in Aggregate Permit AP6453 located in the Sudbury Mining District of Ontario, Canada [1] - The company is focused on exploration and development in Canada, particularly in British Columbia and Ontario, with projects including the Maple Birch Project and the Ptarmigan Silica Project [3] Payment Structure - The remaining payments under the option include the issuance of 1,500,000 common shares to the Optionor within specified timelines: on or before 12 months and 18 months following the CSE approval date [7][8] Company Overview - Silicon Metals Corp. is engaged in high purity quartz pegmatite exploration with a production permit of 3,000 tonnes per year for the Maple Birch Project, located approximately 30 km southeast of Sudbury, Ontario [3] - The company also holds interests in the Ptarmigan Silica Project, Silica Ridge Silica Project, and Longworth Silica Project, all located in British Columbia [3]

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].