Business
Silicon Metals Corp. Enters Share Purchase Agreement for the Acquisition of the Crystal Hills Project
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals" or the "Company") is pleased to announce that it has entered into a definitive share purchase agreement (the "Agreement") to acquire all of the issued and outstanding shares of 1504947 B.C. Ltd. (the "Target") which owns a 100% interest to the Crystal Hills Project in Clarkson Township, Ontario. In consideration for the acquisition, Silicon will issue an aggregate of...
About this update from Silicon Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - SILICON METALS CORP. (CSE: SI) (FSE: X6U) ("Silicon Metals" or the "Company") is pleased to announce that it has entered into a definitive share purchase agreement (the "Agreement") to acquire all of the issued and outstanding shares of 1504947 B.C. Ltd. (the "Target") which owns a 100% interest to the Crystal Hills Project in Clarkson Township, Ontario. In consideration for the acquisition, Silicon will issue an aggregate of 2,000,000 common shares (the "Silicon Shares") in the capital of the Company at a deemed price of $0.065 per Silicon Share, and make an aggregate cash payment of $85,000 to the shareholders of the Target (the "Transaction"). Upon closing of the Transaction, the Company will have 49,716,690 shares outstanding.","length":868,"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":"text","content":"The Crystal Hills Project is easily accessible. Access...