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An update from West Oak Gold Corp. ( (TSE:SI) ) is now available.
Silicon Metals Corp. has successfully closed an oversubscribed non-brokered private placement, raising $820,000 in gross proceeds. The funds will be used to advance the company’s projects in British Columbia and Ontario, including the fully permitted Ptarmigan Silica Project and the Maple Birch Project, as well as for general working capital. This financial boost is expected to enhance the company’s operational capabilities and potentially increase shareholder value.
More about West Oak Gold Corp.
Silicon Metals Corp. is focused on exploration and development projects in Canada, specifically in British Columbia and Ontario. The company operates the Maple Birch Project, a high purity quartz pegmatite project in Ontario, and holds full rights to the Ptarmigan Silica Project in British Columbia, among other exploration stage projects.
Average Trading Volume: 34,658
Technical Sentiment Signal: Hold
Current Market Cap: C$1.26M
For detailed information about SI stock, go to TipRanks’ Stock Analysis page.