26 November 2025 – Vancouver: Silicon Metals Corp. (CSE: “Silicon Metals”) announced that it has signed a definitive share purchase agreement to acquire 1504947 B.C. Ltd., which holds a 100% interest in the Crystal Hills Project in Clarkson Township, Ontario.
Under the terms of the deal, Silicon Metals will issue 2,000,000 common shares at a deemed price of $0.065 per share and pay $85,000 in cash to the shareholders of the target company. Upon closing, the company will have 49,716,690 shares outstanding. The transaction is subject to approval by the Canadian Securities Exchange (CSE).
Project Highlights
- Located approximately 40 km north of North Bay, Ontario, the Crystal Hills Project spans five mineral claims covering ~400 hectares.
- Geological surveys indicate high-purity crystalline quartzite with over 98% SiO₂, favorable topography for potential extraction, and established access via road and nearby rail.
- Silicon Metals plans an initial work program at the site, with further updates to be provided in due course.
Corporate Governance
- The acquisition involves a related-party shareholder, director Raymond Wladichuk, and is being completed under exemptions to formal valuation and minority approval requirements of Canadian securities rules. Mr. Wladichuk abstained from board approval.
Company Portfolio
Silicon Metals’ Canadian operations include the Maple Birch Project near Sudbury, Ontario, and multiple silica projects in British Columbia, including the Ptarmigan, Silica Ridge, and Longworth projects.
CEO Morgan Good said:
"This addition expands our footprint in high-quality silica and positions the Company well as the mining sector, including critical metals, gains attention and positive investor sentiment."
Qualified geoscientist Raymond Wladichuk, P.Geo., reviewed and approved the technical information in the release.