Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon" or the "Company") is pleased to announce that, further to the Company's news releases dated November 26, 2025, it has closed its previously announced acquisition of the Crystal Hills Project in Clarkson Township, Ontario.Pursuant to a share purchase agreement (the "Agreement") dated November 25, 2025, the Company acquired all the issued and outstanding shares of 1504947 B.C. Ltd. (the "Ta ...

Core Viewpoint - Silicon Metals Corp. has entered into a definitive share purchase agreement to acquire 100% interest in the Crystal Hills Project, enhancing its portfolio in high-quality silica mining in Ontario [1][4]. Transaction Details - The acquisition involves issuing 2,000,000 common shares at a deemed price of $0.065 per share and a cash payment of $85,000 to the shareholders of the target company [1][4]. - Upon completion, Silicon Metals will have 49,716,690 shares outstanding [1]. Project Overview - The Crystal Hills Project is located in Clarkson Township, Ontario, covering approximately 400 hectares with five mineral claims [4]. - The project features a high purity crystalline quartzite formation with over 98% SiO2 content, making it favorable for future extraction [4][8]. - Accessibility is enhanced by established access roads and proximity to highways and rail services [4]. Management Commentary - The CEO of Silicon Metals expressed excitement about the acquisition, indicating plans for an initial work program and a positive outlook for the mining sector [8]. Regulatory and Compliance Aspects - The transaction is subject to approval from the Canadian Securities Exchange (CSE) and includes customary representations and warranties [10]. - Related party considerations are noted, as a director of the company is also a shareholder of the target, with exemptions from formal valuation and minority shareholder approval requirements being applied [11][12]. Company Background - Silicon Metals Corp. focuses on exploration and development in Canada, with other projects including the Maple Birch Project and the Ptarmigan Silica Project [14].