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The latest update is out from West Oak Gold Corp. ( (TSE:SI) ).
Silicon Metals Corp. has closed a non-brokered flow-through private placement raising gross proceeds of $198,610 through the issuance of more than 3 million flow-through shares priced at $0.065, alongside finder’s fees and warrants with a three-year term. The company plans to direct the funds toward eligible exploration expenditures across its silica and quartz projects in British Columbia and Ontario, reinforcing its ability to advance its Canadian asset base and potentially strengthening its position in the high-purity silica exploration space for investors and other stakeholders.
More about West Oak Gold Corp.
Silicon Metals Corp. is a Canadian exploration and development company focused on high-purity silica and quartz projects in British Columbia and Ontario. Its portfolio includes the Maple Birch high-purity quartz pegmatite project near Sudbury, Ontario, which carries a 3,000-tonne-per-year production permit, as well as 100%-owned assets such as the Crystal Hills Project near North Bay, Ontario, and the Ptarmigan Silica, Silica Ridge, and Longworth Silica projects in British Columbia, several of which are in the exploration stage with multi-year permits in place.
Average Trading Volume: 177,652
Technical Sentiment Signal: Sell
Current Market Cap: C$2.56M
For detailed information about SI stock, go to TipRanks’ Stock Analysis page.