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Silicon Metals Corp. Announces Voluntary Lock-Up of 100% of Outstanding Class of Warrants
Newsfile· 2025-11-19 10:00
Core Points - Silicon Metals Corp. has announced a voluntary lock-up of 100% of outstanding warrants, totaling 8,200,000 warrants, as part of a private placement financing that closed on August 8, 2025 [1][2] - The lock-up agreements require warrant holders to refrain from exercising their warrants and the common shares until March 9, 2026, with each warrant exercisable at a price of $0.055 for 24 months from issuance [2] - CEO Morgan Good expressed satisfaction with the unanimous agreement from warrant holders, highlighting investor loyalty and alignment with the company's corporate and operational strategies as it progresses into 2026 [3] Company Overview - Silicon Metals Corp. is focused on exploration and development in Canada, particularly in British Columbia and Ontario [4] - The company owns the Maple Birch Project, a high purity quartz pegmatite project with a production permit of 3,000 tonnes per year, located approximately 30 km southeast of Sudbury, Ontario [4] - Additionally, the company holds rights to the Ptarmigan Silica Project and has options for the Silica Ridge and Longworth Silica Projects, located in British Columbia [4]
Silicon Metals Corp. Announces Mobilization at the Production Permitted Maple-Birch Project in the Sudbury Mining District of Ontario, Canada
Newsfile· 2025-10-30 09:00
Core Viewpoint - Silicon Metals Corp. has commenced mobilization at its Maple-Birch Project in the Sudbury mining district of Ontario, Canada, marking a significant operational advancement for the company [1][4]. Project Development - The company has conducted multiple assessment missions to establish ground access for larger equipment and has engaged a contract mining company for assistance [2][10]. - A few hundred kilograms of samples have been collected from the project for advanced metallurgical testing [2][10]. - The technical team and equipment are being set up in the Sudbury area to enhance project logistics, emphasizing the strategic importance of the region rich in critical and industrial minerals [3][10]. Project Characteristics - The Maple-Birch Project is identified as a high purity quartz pegmatite body, believed to share characteristics with the Spruce Pine mine in North Carolina, which is known for producing some of the purest quartz material globally [4][5]. - The project has a production permit for 3,000 tonnes per year [5]. Future Opportunities - The CEO of Silicon Metals Corp. expressed excitement about the mobilization at the Maple-Birch asset, highlighting potential partnerships with processing and refining groups that could lead to future cash flow [4][10].