Silicon Metals Corp. Announces Various Corporate and Operational Updates - Seite 2

The Ptarmigan Silica Project

Silicon is also very pleased to announce that it has received a five-year (5) Mines Act Permit and Free Use Permit from the B.C. Ministry of Mining and Critical Minerals, authorizing the Company to conduct its proposed exploration activities at its 100%-owned Ptarmigan Silica Project, located approximately 130 kilometres southeast of Prince George, British Columbia.

The permits, which are effective from July 31, 2025, to December 30, 2030, provide Silicon Metals with the necessary approvals to carry out a wide range of exploration activities, including surface drilling, trenching, bulk sampling of up to 2,000 tonnes, and construction of exploration access trails and infrastructure. These permits mark a major milestone for the Company as it aims to unlock the high-purity silica potential of the Ptarmigan Silica Project.

Obtaining this permit is a crucial piece of our British Columbia project portfolio. Work to date includes property wide sampling (2024) which resulted in numerous samples returning 99.9% purity (detailed in Silicon's news release dated June 04, 2025), a high definition LiDAR and ortho-imagery survey (detailed in Silicon's news release dated July 14, 2025), collection of bulk sample for metallurgical testing (June 2025, ongoing), structural mapping, ground truth, and sampling (completed August 6^th, 2025), and preliminary 3D modeling (ongoing).

Morgan Good Silicon's Chief Executive Officer and Director, commented: "We are pleased to be updating our audience with the last few months of efforts as they constitute a couple of major milestones for Silicon. Not only do we have a funded plan for work at our Sudbury Ontario based Maple Birch Project that is permitted to produce up to 3,000 tonnes per year, but we also received our 5-year Mines Act Permit and Free Use Permit including drilling for the British Columbia based Ptarmigan Silica Project. One provides the Company with near term potential cash flow anticipated in 2026, and the latter allows us to fine tune our Phase 1 drill program planning for Ptarmigan in or around Q2 2026, which increases exploration potential for size and grade."