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Silicon Metals Corp. Completes Acquisition of Crystal Hills Project
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon" or the "Company") is pleased to announce that, further to the Company's news releases dated November 26, 2025, it has closed its previously announced acquisition of the Crystal Hills Project in Clarkson Township, Ontario.Pursuant to a share purchase agreement (the "Agreement") dated November 25, 2025, the Company acquired all the issued and outstanding shares of 1504947 B.C....
About this update from Silicon Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon" or the "Company") is pleased to announce that, further to the Company's news releases dated November 26, 2025, it has closed its previously announced acquisition of the Crystal Hills Project in Clarkson Township, Ontario.","length":365,"tagName":"p"},{"type":"text","content":"Pursuant to a share purchase agreement (the "Agreement") dated November 25, 2025, the Company acquired all the issued and outstanding shares of 1504947 B.C. Ltd. (the "Target") which owns a 100% interest to the Crystal Hills Project. In consideration for the acquisition, Silicon issued an aggregate of 2,000,000 common shares (the "Silicon Shares") in the capital of the Company and made an aggregate cash payment of $85,000 to the shareholders of the Target (the "Transaction").","length":520,"tagName":"p"},{"type":"text","content":"Transaction Highlights:","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Acquisition of 100% interest of the Crystal Hills Project, located in Clarkson Township, Ontario, Canada, approximately 40 km as the crow flies north of the city of North Bay. The project consists of five mineral claims comprised of eighteen (18) cells totalling approximately 400 hectares. (see Figure 1 below);","length":312,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Geologically, the Crystal Hills Project consists of a high purity crystalline quartzite formation which is expressed at surface as a series of topographic high hills, these hills are tens of metres high by hundreds of metres wide with approximately three kilometres of strike length of this formation is present within the mineral claim boundary.","length":346,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The topography of the quartzite formation (hills of quartzite) is very favourable for simplifying possible future extraction.","length":125,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Historical sampling work indicates that the Crystal Hills Project contains quartzite material that is over 98% SiO2. Photo 1 below is an example of the high purity quartzite material.","length":183,"tagName":"p","attribs":{}}]},{"val":[{"type"...