Silicon Metals Corp. Announces Strategic Non-Flow-Through and Flow-Through Private Placements of up to $200,000

Executive Summary

• Silicon Metals Corp. announced the intention to complete two private placements (non‑flow‑through and flow‑through) for up to $200,000 in gross proceeds.
• The non‑flow‑through placement will issue up to 2,000,000 units at $0.05 per unit, each consisting of one common share and half a non‑flow‑through warrant (exercise price $0.06, 24‑month term, with an accelerator clause).
• The flow‑through placement will issue approximately 1,428,571 units at $0.07 per unit, each consisting of one flow‑through common share and half a non‑flow-through warrant (exercise price $0.10, 24‑month term, with the same accelerator clause).

Key Details

• Total potential gross proceeds: up to $200,000 ($100k from each placement).
• Non‑Flow‑Through Offering:
• Units: up to 2,000,000.
• Price per unit: $0.05.
• Composition: 1 common share + ½ non‑flow‑through warrant.
• Full warrant exercise price: $0.06; term 24 months.
• Accelerator provision: if CSE closing price ≥ $0.15 for ten consecutive trading days, expiry may be accelerated to 30 days from trigger.
• Flow‑Through Offering:
• Units: up to ≈1,428,571.
• Price per unit: $0.07.
• Composition: 1 flow‑through common share + ½ non‑flow‑through warrant.
• Full warrant exercise price: $0.10; term 24 months.
• Same accelerator provision as above.
• Use of Proceeds:
• Non‑Flow‑Through proceeds – general working capital.
• Flow‑Through proceeds – eligible exploration expenditures on projects in British Columbia and Ontario.
• Finders’ Fees: May be payable per CSE policies.
• Statutory Hold Period: All securities subject to a hold period of four months and one day after issuance (NI 45‑102).
• Regulatory Notes: Securities not registered under the U.S. Securities Act; cannot be offered/sold in the United States absent exemption or registration.

Notable Quotes

“This small and strategic placement was designed for a very specific reason, as the previous placement closed by Silicon was maxed out due to CSE policies… This minimal dilution is seen as negligible by our team, whilst very worthwhile as we garnered further important depth to our equity ownership base adding these most recent supporters.” – Morgan Good, CEO & Director

Materiality Assessment: Material – Positive (equity financing that provides capital for working‑capital and exploration activities).