Business
Silicon Metals Corp. Announces Various Corporate and Operational Updates
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals", "Silicon", or the "Company") is pleased to announce various corporate and operational updates. The Maple Birch Project - Permitted for production of up to 3,000 tonnes per yearAs announced on August 12, 2025, and further to its news release dated July 15, 2025, Silicon made the final cash payment of $25,000 (for an aggregate payment to ...
About this update from Silicon Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals", "Silicon", or the "Company") is pleased to announce various corporate and operational updates.","length":251,"tagName":"p"},{"type":"text","content":"The Maple Birch Project - Permitted for production of up to 3,000 tonnes per year","length":81,"tagName":"p"},{"type":"text","content":"As announced on August 12, 2025, and further to its news release dated July 15, 2025, Silicon made the final cash payment of $25,000 (for an aggregate payment to date of $50,000 cash plus 500,000 common shares) to Geotek Exploration and Prospecting Ltd. (the "Optionor"), pursuant to the Company's recently announced option (the "Option") to purchase an undivided 100% right, title, and interest in Aggregate Production Permit AP6453 (the "Production Permit") located in the world class Sudbury Mining District of Ontario, Canada.","length":564,"tagName":"p"},{"type":"text","content":"The balance remaining of the payments to be made under the Option are as follows:","length":81,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"On or before twelve (12) months following the CSE approval date, issue the Optionor 1,500,000 common shares; and","length":112,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"On or before eighteen (18) months following the CSE approval date, issue the Optionor 1,500,000 common shares.","length":110,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":222,"olType":false},{"type":"text","content":"All securities issued in connection with the Option will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45‐102 - Resale of Securities.","length":220,"tagName":"p"},{"type":"text","content":"The Silicon technical team has recently completed a reconnaissance program at Maple Birch in preparation for a 2025 Q4 work program, which is anticipated to be the beginning of extraction, hauling, processing, and delivery of high-purity pegmatite quartz. The work performed during the reconnaissance program included an assessment of the existing access roads in preparation for a rehabilitation and access plan, a tour from ...