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An announcement from West Oak Gold Corp. ( (TSE:SI) ) is now available.
Silicon Metals Corp. has announced significant updates regarding its Maple Birch and Ptarmigan Silica projects. The company has secured the necessary permits for the Maple Birch Project in Ontario, allowing for the production of up to 3,000 tonnes of high-purity pegmatite quartz annually, with extraction expected to begin in late 2025. This development is anticipated to provide a non-dilutive capital pathway by 2026. Additionally, Silicon Metals has received a five-year permit for the Ptarmigan Silica Project in British Columbia, enabling extensive exploration activities. These milestones are expected to enhance the company’s cash flow potential and exploration capabilities, positioning it favorably in the silica and quartz market.
More about West Oak Gold Corp.
Silicon Metals Corp. operates in the mining industry, focusing on the exploration and production of high-purity silica and quartz. The company is involved in projects such as the Maple Birch Project in Ontario and the Ptarmigan Silica Project in British Columbia, aiming to capitalize on the demand for these minerals.
Average Trading Volume: 44,413
Technical Sentiment Signal: Hold
Current Market Cap: C$1.36M
See more data about SI stock on TipRanks’ Stock Analysis page.