Silicon Metals Corp. Announces 100% Acquisition of Five (5) Mining Claims

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Overig advies 01/08/2025 07:01
Vancouver, British Columbia, SILICON METALS CORP. (CSE:SI) (FSE:X6U) (“Silicon Metals” or the “Company”) is pleased to announce that, further to the Company’s news release dated July 15, 2025, it has issued 100,000 common shares (each, a “Share”) to a third party arm’s length vendor (the “Optionor”), at a deemed price of $0.055 per Share, pursuant to the Company’s recently announced option to purchase an undivided 100% right, title and interest in five (5) mining claims (the “Option”) which form part of the Company’s Maple Birch Project, located in the Sudbury Mining District of Ontario, Canada (the “Project”). The Company, having satisfied the terms of the Option, has acquired an undivided 100% right, title and interest in the five (5) mining claims.

All securities issued in connection with the Option will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45?102 – Resale of Securities.

The Maple Birch Project

The 1,848 hectare Maple Birch Project is underexplored and is highly prospective for high purity quartz-rich pegmatite mineralization. This rare and valuable type of mineralization has already been discovered on the project, and the recently acquired interest in the Aggregate Production Permit allows for the extraction of a high purity quartz pegmatite “pod”. The technical team is planning a detailed exploration program with the goal of potentially discovering more of these valuable pegmatite pods.

About Silicon Metals Corp.
see & read more on
https://siliconmetalscorp.com/silicon-metals-corp-announces-100-acquisition-of-five-5-mining-claims/



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