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West Oak Gold Corp. ( (TSE:SI) ) has issued an announcement.
Silicon Metals Corp. has issued 500,000 common shares to Geotek Exploration and Prospecting Ltd. and made an initial cash payment of $25,000 as part of its option to purchase full rights to Aggregate Permit AP6453 in Ontario’s Sudbury Mining District. This strategic move is part of Silicon Metals’ broader efforts to expand its exploration footprint and secure valuable mining assets, potentially enhancing its market position and offering growth opportunities for stakeholders.
More about West Oak Gold Corp.
Silicon Metals Corp. is engaged in exploration activities in western Canada, particularly in British Columbia. The company holds full ownership of the Ptarmigan Silica Project and has options to acquire full ownership of the Silica Ridge and Longworth Silica Projects. Additionally, Silicon Metals has signed agreements to earn a 100% interest in the Sudbury District of Ontario’s Aggregate Permit 6453 and to acquire five mining claims encompassing the permit.
Average Trading Volume: 39,444
Technical Sentiment Signal: Hold
Current Market Cap: C$1.07M
For an in-depth examination of SI stock, go to TipRanks’ Overview page.