Silicon Metals Corp. Announces Private Placement of up to $600,000

Rhea-AI Summary

Silicon Metals Corp (OTC: SLCND) announced a private placement to issue up to 4,444,444 units at $0.135 per unit, raising up to $600,000. Each Unit includes one common share and one warrant exercisable at $0.175 for 24 months, with an accelerator if CSE shares close at $0.60 for ten consecutive trading days. Proceeds are intended for property advancement and general working capital. Securities will be subject to a four-month-plus-one statutory hold period and will not be registered in the United States.

Positive

• Up to $600,000 capital raised via private placement
• Proceeds earmarked for property advancement and working capital
• Warrants provide potential future funding if exercised

Negative

• Issuance may dilute existing shareholders' equity
• Warrants include an accelerator that can hasten dilution
• Securities not registered for sale in the United States
• Statutory hold period of four months and one day delays liquidity

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - SILICON METALS CORP. (CSE: SI) (OTC Pink: SLCND) (FSE: X6U0) ("Silicon Metals" or the "Company") is pleased to announce that it intends to issue up to 4,444,444 units (the "Offering") at a price per unit of $0.135 (each, a "Unit"). The Units will consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder thereof to purchase one common share at an exercise price of $0.175 for a period of 24 months. The terms of the Warrants will also include an accelerator provision whereby, if the price of the common shares on the CSE closes at $0.60 or higher for a period of ten (10) consecutive trading days, the Company may accelerate the expiry date of the Warrants to thirty (30) days from the acceleration trigger.

The Company intends to use the aggregate proceeds of the Offering for advancement and development of the Company's properties, as well as for general working capital purposes. Finders' fees may be payable in connection with the Offering in accordance with the policies of the CSE.

All securities issued in connection with the Offering 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.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Silicon Metals Corp.

Silicon Metals Corp. is focused on exploration and development of critical minerals, with a focus on high purity silica. 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 holds a 100% interest in the Crystal Hills Project, located approximately 40 km north of the city of North Bay, Ontario, Canada, which consists of five mineral claims comprised of eighteen (18) cells totalling approximately 400 hectares. The Company also holds an undivided 100% right, title, and interest in the Ptarmigan Silica Project, located approximately 130km from Prince George, British Columbia, which has a 5-year exploration drilling and blast permit. The Company has also acquired an undivided 100% right, title, and interest in both the exploration stage Silica Ridge Silica Project located approximately 70km southeast from the town of MacKenzie, British Columbia, as well as the exploration stage Longworth Silica Project located approximately 85km East from Prince George, British Columbia.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SILICON METALS CORP.

"Ray Wladichuk"

Ray Wladichuk
Chief Executive Officer and Director

For more information regarding this news release and further details about Silicon's plans, please contact:

Raymond Wladichuk, CEO and Director

T: 1-778-926-8596
E: ir@siliconmetalscorp.com
W: www.siliconmetalscorp.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release).

Cautionary Note Regarding Forward-Looking Statements

We seek safe harbor

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are based on the reasonable assumptions, estimates, and opinions of management as of the date such statements are made and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or future events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, general business, economic, competitive, political, and social uncertainties; uncertain and volatile equity and capital markets; reliance on key personnel; and changes in laws, regulations, and regulatory policies. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294291

FAQ

How many units is Silicon Metals (SLCND) offering and at what price?

The company is offering up to 4,444,444 units at $0.135 per unit. According to the company, each Unit includes one common share plus one warrant exercisable at $0.175 for 24 months.

What is the total amount Silicon Metals (SLCND) expects to raise from the private placement?

Silicon Metals expects to raise up to $600,000 from the Offering. According to the company, the figure is derived from 4,444,444 units multiplied by the $0.135 per unit offering price.

What are the warrant terms in the SLCND private placement and the accelerator feature?

Each warrant is exercisable at $0.175 for 24 months, with an accelerator if shares close at $0.60 for ten consecutive trading days. According to the company, acceleration shortens expiry to 30 days after the trigger.

How will Silicon Metals (SLCND) use the proceeds from the private placement?

The company intends to use proceeds for advancement and development of properties and for general working capital. According to the company, those are the stated primary uses of the aggregate Offering proceeds.

Are the securities from the SLCND offering available to U.S. investors?

No; securities sold in the Offering will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States absent registration or an applicable exemption. According to the company, U.S. sales are restricted.

When can purchasers of the SLCND units trade their securities after issuance?

Securities issued will be subject to a statutory hold period expiring four months and one day after issuance. According to the company, this resale restriction follows National Instrument 45-102 requirements.