Business
Silicon Metals Corp. Announces Termination of Property Option Agreement
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) (OTC Pink: SLCNF) ("Silicon Metals" or the "Company") announces that it has terminated the property option agreement with Eastfield Resources Ltd. dated December 21, 2020, as amended (the "Option Agreement"). The Option Agreement granted the Company the right to earn a 60% interest in the Hedge Hog property, located approximately 15 kilometres north of the town of ...
About this update from Silicon Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) (OTC Pink: SLCNF) ("Silicon Metals" or the "Company") announces that it has terminated the property option agreement with Eastfield Resources Ltd. dated December 21, 2020, as amended (the "Option Agreement"). The Option Agreement granted the Company the right to earn a 60% interest in the Hedge Hog property, located approximately 15 kilometres north of the town of Wells in the Cariboo Mining Division of British Columbia.","length":558,"tagName":"p"},{"type":"text","content":""As we continue to refine our strategic priorities, the decision to step back from the Hedge Hog project allows us to concentrate our efforts and capital on our other core projects with strong potential for near-term value creation," said Morgan Good, CEO of Silicon Metals. "We remain committed to advancing our portfolio and identifying high-impact opportunities aligned with our exploration and development objectives."","length":442,"tagName":"p"},{"type":"text","content":"The Company extends its appreciation to Eastfield Resources Ltd. for its collaboration during the term of the Option Agreement.","length":127,"tagName":"p"},{"type":"text","content":"About Silicon Metals Corp.","length":26,"tagName":"p"},{"type":"text","content":"Silicon Metals Corp. is currently focused on exploration in western Canada, namely British Columbia. The Company holds an undivided 100% right, title and interest in the Ptarmigan Silica Project located approximately 130km from Prince George, British Columbia. The Company has also acquired an undivided 100% right, title, and interest in both the Silica Ridge Silica Project located approximately 70kms southeast from the town of MacKenzie, British Columbia, as well as the Longworth Silica Project located approximately 85km East from Prince George, British Columbia.","length":569,"tagName":"p"},{"type":"text","content":"ON BEHALF OF THE BOARD OF DIRECTORS OF","length":38,"tagName":"p"},{"type":"text","content":"SILICON METALS CORP.","length":20,"tagName":"p"},{"type":"text","content":""Morgan Good"","length":23,"tagName":"p"},{"type":"text","content":"Morgan GoodChief Executive Officer and Director","length":48,"tagName":"p"},{"type":"text","content":"For more information ...