Silicon Metals Corp. Announces 100% Acquisition of Five (5) Mining Claims
Silicon Metals Corp (CSE: SI) has completed the acquisition of a 100% interest in five mining claims at its Maple Birch Project in Ontario's Sudbury Mining District. The company issued 100,000 common shares at $0.055 per share to an arm's length vendor to satisfy the option agreement terms.
The Maple Birch Project, spanning 1,848 hectares, is an underexplored area with high potential for valuable quartz-rich pegmatite mineralization. The acquisition includes an Aggregate Production Permit for extracting high-purity quartz pegmatite pods. The company plans to conduct detailed exploration to discover additional pegmatite deposits.
Silicon Metals Corp (CSE: SI) ha completato l'acquisizione di un interesse del 100% in cinque concessioni minerarie nel suo progetto Maple Birch nel distretto minerario di Sudbury, Ontario. La società ha emesso 100.000 azioni ordinarie al prezzo di 0,055$ per azione a un venditore indipendente per soddisfare i termini dell'accordo di opzione.
Il progetto Maple Birch, che copre 1.848 ettari, è un'area poco esplorata con un alto potenziale di mineralizzazione di pegmatite ricca di quarzo di valore. L'acquisizione include un permesso di produzione aggregata per l'estrazione di pod di pegmatite ad alta purezza di quarzo. La società prevede di condurre esplorazioni dettagliate per scoprire ulteriori depositi di pegmatite.
Silicon Metals Corp (CSE: SI) ha completado la adquisición de un interés del 100% en cinco concesiones mineras en su proyecto Maple Birch, ubicado en el distrito minero de Sudbury, Ontario. La compañía emitió 100,000 acciones comunes a $0.055 por acción a un vendedor independiente para cumplir con los términos del acuerdo de opción.
El proyecto Maple Birch, que abarca 1,848 hectáreas, es una zona poco explorada con un alto potencial para mineralización de pegmatita rica en cuarzo valioso. La adquisición incluye un permiso de producción agregado para extraer pepitas de pegmatita de cuarzo de alta pureza. La compañía planea realizar exploraciones detalladas para descubrir depósitos adicionales de pegmatita.
Silicon Metals Corp (CSE: SI)는 온타리오 주 서드베리 광산 지구에 위치한 메이플 버치 프로젝트에서 5개의 광산 청구권에 대한 100% 지분 인수를 완료했습니다. 회사는 옵션 계약 조건을 충족하기 위해 독립적인 판매자에게 주당 0.055달러에 100,000 보통주를 발행했습니다.
메이플 버치 프로젝트는 1,848 헥타르에 걸쳐 있으며, 가치 있는 석영이 풍부한 페그마타이트 광물화가 기대되는 미개척 지역입니다. 이번 인수에는 고순도 석영 페그마타이트 덩어리 추출을 위한 집계 생산 허가증도 포함되어 있습니다. 회사는 추가 페그마타이트 매장지를 발견하기 위해 상세 탐사를 진행할 계획입니다.
Silicon Metals Corp (CSE : SI) a finalisé l'acquisition d'un intérêt de 100 % dans cinq concessions minières sur son projet Maple Birch dans le district minier de Sudbury, en Ontario. La société a émis 100 000 actions ordinaires à 0,055 $ chacune à un vendeur indépendant pour respecter les termes de l'accord d'option.
Le projet Maple Birch, qui s'étend sur 1 848 hectares, est une zone peu explorée avec un fort potentiel de minéralisation en pegmatite riche en quartz précieux. L'acquisition comprend un permis de production agrégée pour l'extraction de poches de pegmatite de quartz à haute pureté. La société prévoit de mener une exploration détaillée afin de découvrir d'autres gisements de pegmatite.
Silicon Metals Corp (CSE: SI) hat den Erwerb eines 100%igen Anteils an fünf Bergbaurechten im Maple Birch Projekt im Bergbaugebiet Sudbury, Ontario, abgeschlossen. Das Unternehmen hat 100.000 Stammaktien zu je 0,055 $ an einen unabhängigen Verkäufer ausgegeben, um die Bedingungen der Optionsvereinbarung zu erfüllen.
Das Maple Birch Projekt erstreckt sich über 1.848 Hektar und ist ein wenig erforschtes Gebiet mit hohem Potenzial für wertvolle, quarzreiche Pegmatit-Mineralisierungen. Der Erwerb umfasst eine Aggregate Production Permit zur Gewinnung von hochreinen Quarz-Pegmatit-Adern. Das Unternehmen plant eine detaillierte Erkundung, um weitere Pegmatitvorkommen zu entdecken.
- Acquisition of 100% interest in five strategic mining claims
- Project includes valuable Aggregate Production Permit for quartz pegmatite extraction
- Large land package of 1,848 hectares in established mining district
- Minimal dilution with only 100,000 shares issued for acquisition
- Property is currently underexplored with unproven resources
- Share issuance subject to four-month hold period restricting liquidity
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - 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
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.
Silicon Metals Corp. is currently focused on exploration and development in Canada, namely British Columbia and Ontario. 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 also holds an undivided
ON BEHALF OF THE BOARD OF DIRECTORS OF
SILICON METALS CORP.
"Morgan Good"
Morgan Good
Chief Executive Officer and Director
For more information regarding this news release and any other details regarding the Company's future plans, please contact:
Morgan Good, CEO and Director
T: 604-715-4751
E: morgan@siliconmetalscorp.com
W: www.siliconmetalscorp.com
Neither the CSE nor its Market Regulator (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
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, development and plans for the claims, and plans to expand the known mineralization at the Project. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will undertake additional exploration on the Project on the timeline anticipated and that the Company will be able to expand the known mineralization at the Project.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not undertake additional exploration on the Project on the timeline anticipated or at all and that the Company will be unable to expand the known mineralization at the Project.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260835
FAQ
What mining claims did Silicon Metals Corp (CSE: SI) acquire in July 2025?
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