Business
Silicon Metals Corp. Closes Flow-Through Offering for Gross Proceeds of $198,610
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals" or the "Company") is pleased to announce that further to its news release dated December 19th, 2025, it has closed its previously announced non-brokered private placements for total gross proceeds of $198,610 (the "Offering") through the issuance of 3,055,538 flow-through common shares (each, a "Flow-Through Share") at a price of $0.065 per Flow-Through Share.Fees of...
About this update from Silicon Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals" or the "Company") is pleased to announce that further to its news release dated December 19th, 2025, it has closed its previously announced non-brokered private placements for total gross proceeds of $198,610 (the "Offering") through the issuance of 3,055,538 flow-through common shares (each, a "Flow-Through Share") at a price of $0.065 per Flow-Through Share.","length":530,"tagName":"p"},{"type":"text","content":"Fees of $4,212 were paid and 64,800 finder's warrants were issued (the "Finder's Warrants") to certain finders in connection with the closing. Each Finder's Warrant is exercisable into one common share for a period of thirty-six months after the date of issuance at an exercise price of $0.065. The Company intends to use the proceeds of the sale of the Flow-Through Shares to incur eligible exploration expenditures on its projects in British Columbia and Ontario.","length":487,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the Offering 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":222,"tagName":"p"},{"type":"text","content":"None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.","length":510,"tagName":"p"},{"type":"text","content":"About Silicon Metals Corp.","length":26,"tagName":"p"},{"type":"text","content":"Silicon Metals Corp. is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The Company's Maple Birch Project, located approximately 30km south-east of Sudbury, Ontario, is a high purity quartz pegmatite project with a 3,000 tonne per year production permit. The Comp...