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Financings

Silicon Metals arranges $195,000 private placement

By The Northwire Desk — AI Analysis Dec 20, 2025 · 01:59 SI · 0.06 Silicon Metals Corp
SI · Price

Executive Summary

  • Silicon Metals Corp. announced a flow‑through private placement of up to 3 million common shares at C$0.065 per share, targeting gross proceeds of up to C$195,000.
  • Proceeds will be used for eligible exploration expenditures on the company’s projects in British Columbia and Ontario.
  • Shares issued will be subject to a statutory hold period of four months and one day under NI 45‑102.

Key Details

  • Offering Size: Up to C$195,000 gross proceeds.
  • Shares Offered: Up to 3 million flow‑through common shares.
  • Price per Share: C$0.065.
  • Use of Proceeds: Eligible exploration expenditures on British Columbia and Ontario projects (Maple Birch, Crystal Hills, Ptarmigan silica, Silica Ridge, Longworth).
  • Statutory Hold Period: Four months and one day from issuance date per NI 45‑102.
  • Finder’s Fees: May be payable in accordance with Canadian Securities Exchange policies.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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