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An update from West Oak Gold Corp. ( (TSE:SI) ) is now available.
Silicon Metals Corp. has announced its intention to undertake strategic private placements, aiming to raise up to $200,000 through non-flow-through and flow-through offerings. The funds from these offerings will be used for general working capital and to support exploration expenditures in British Columbia and Ontario. This move is designed to strengthen the company’s equity ownership base and support its ongoing projects, potentially enhancing its market position and providing opportunities for key investors who missed previous placements.
More about West Oak Gold Corp.
Silicon Metals Corp. is focused on exploration and development in Canada, particularly in British Columbia and Ontario. The company’s projects include the Maple Birch Project in Ontario, a high purity quartz pegmatite project, and several silica projects in British Columbia, such as the Ptarmigan Silica Project, Silica Ridge Silica Project, and Longworth Silica Project.
Average Trading Volume: 86,824
Technical Sentiment Signal: Sell
Current Market Cap: C$1.55M
See more insights into SI stock on TipRanks’ Stock Analysis page.