Silicon Metals arranges $195,000 private placement

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.)