Silicon Metals appoints Wladichuk as CEO

Executive Summary

• Silicon Metals Corp. has appointed current director Ray Wladichuk as its new Chief Executive Officer, effective immediately.
• Morgan Good has resigned from the position of Chief Executive Officer and from the Board of Directors.
• Mr. Wladichuk brings over 15 years of experience in the mineral exploration, engineering, and construction industries, aiming to leverage the company's assets in the North American critical minerals market.

Key Details

• CEO Appointment: Ray Wladichuk, currently a director of the company, has been appointed Chief Executive Officer.
• CEO Resignation: Morgan Good has resigned as Chief Executive Officer and from the Board of Directors.
• New CEO Background:
  • Former professional athlete and successful entrepreneur.
  • Over 15 years of experience in C-suite, director, and technical roles within mineral exploration, engineering, and construction.
  • Professional geoscientist registered in British Columbia and Ontario.
  • Holds a Bachelor of Science in Earth Sciences and a Graduate Diploma in Business Administration from Simon Fraser University.
• Strategic Vision: Mr. Wladichuk stated the company has a plan to move to the "next level" with a focused vision to become a significant critical minerals company, citing an inflection point for domestic silica supply in North America.
• Company Assets (Context):
  • Maple Birch Project: High-purity quartz pegmatite project near Sudbury, Ont., with a 3,000-tonne-per-year production permit.
  • Crystal Hills Project: 100% interest in five mineral claims (approx. 400 hectares) near North Bay, Ont.
  • Ptarmigan Silica Project: Fully permitted exploration-stage project near Prince George, B.C.
  • Silica Ridge Project: Exploration-stage project near MacKenzie, B.C.
  • Longworth Project: Exploration-stage project near Prince George, B.C.

Notable Quotes

• Ray Wladichuk, CEO: "The team at Silicon Metals has a plan to move this company to the next level and a focused vision to become a significant critical minerals company. We believe domestic sources of silica supply are at a major inflection point in North America and that we have assembled multiple exciting assets to take advantage of that opportunity. I am excited to put our plan into action and begin unlocking the value of our projects across Canada."