Silicon Metals Increases Unit Offering and Closes Final Tranche of $147,500 for Aggregate Gross Proceeds of $442,145 – Silicon Metals Corp
Summary
Vancouver, British Columbia, SILICON METALS CORP. (CSE:SI) (FSE:X6U0) (Silicon Metals or the Company) is pleased to announce that, further to its news releases dated December 18, 2024 and December 2, 2024, it has closed the second and final tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $147,500 (the Second Tranche) through the issuance of 2,269,230 flow-through units of the Company (each, a Flow-Through Unit) at a price of $0.065 per Flow-Through Unit. The Company has also acquired an option to purchase an undivided 100% right, title, and interest in the Longworth Silica Project located approximately 85km East from Prince George, British Columbia. Also, the Company currently has an Option to explore the Hedge Hog Project located 15km north of the town of Wells in the Caribou Mining Division of central British Columbia. The securities of Silicon Melals Corp. trade on the Canadian Securities Exchange under the symbol SI and on the Frankfurt Stock Exchange under the symbol X6U0, as well as on the OTC market in the United States under the trading symbol SLCNF.ON BEHALF OF THE BOARD OF DIRECTORS OFFor more information regarding this news release, please contact:Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release).This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Readers are cautioned that the foregoing list of factors is not exhaustive.In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will use the proceeds from the Offering as currently anticipated, and that the Company will have all the necessary resources, including personnel and capital to carry out its business plans.These forwardlooking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements.