Silicon Metals Corp. Boosts Silica Portfolio with 100% Acquisition of Longworth Project
Generado por agente de IAWesley Park
lunes, 13 de enero de 2025, 4:08 am ET2 min de lectura
Silicon Metals Corp. (CSE:SI) has made a strategic move to strengthen its position in the silica market by acquiring a 100% interest in the Longworth Silica Project. The acquisition, announced on January 13, 2025, is a significant addition to the company's portfolio of silica-focused properties in British Columbia. This move aligns with the company's growth strategy, as silica is a crucial raw material with wide-ranging applications, particularly in the construction, glass manufacturing, and oil and gas sectors.
The Longworth Silica Project, located approximately 85km east of Prince George, British Columbia, hosts a folded sequence of sedimentary and volcanic rocks which underlie Bearpaw Ridge. The Company is specifically targeting the Nonda Quartzite formation, which strikes to the southeast and regionally shows multiple faulted offsets and folds. At least four northwest trending bands of quartzite have been mapped along the western flank of Bearpaw Ridge, with thicknesses reaching up to approximately 400 meters. The main quartzite band mapped on the property is folded and open to the northwest along strike, suggesting the potential for further exploration and expansion of known mineralization.
Previous reports on quartzite bands in the region have shown massive and homogeneous compositions of high-purity silica. Eight chip samples collected in 1982 by the Geological Survey Branch of British Columbia averaged 99.5 percent silica, indicating the potential for high-quality silica resources. The Company sees an opportunity to follow up on historical work and expand the known mineralization along strike to the southeast.
The acquisition of the Longworth Silica Project is a strategic move by Silicon Metals Corp. to expand its portfolio of silica-focused properties in British Columbia. This acquisition, along with the previous acquisitions of the Silica Ridge Silica Project and the Ptarmigan Silica Project, allows the company to assemble a significant land package dedicated to silica exploration and development. This strategy aligns with the company's overall growth objectives, as silica is a crucial raw material with wide-ranging applications, particularly in the construction, glass manufacturing, and oil and gas sectors.
The global silica market size was valued at USD 56.56 billion in 2024 and is projected to reach USD 61.88 billion in 2025, with a CAGR of 9.4% during the forecast period (2025-2033). This growth is driven by the expanding construction activities, the rise in the glass manufacturing sector, the expansion of the oil and gas sector, and the use of silica sands for water filtration. Silicon Metals Corp.'s acquisition of the Longworth Silica Project positions the company to capitalize on this growing demand for high-purity silica.

In conclusion, Silicon Metals Corp.'s acquisition of the Longworth Silica Project is a strategic move that positions the company to capitalize on the growing demand for high-purity silica. With a strong portfolio of silica-focused properties in British Columbia, the company is well-positioned to explore and develop high-purity silica resources, which are in demand for various applications such as glass manufacturing, water filtration, and the production of ferro silicon and silicon metal. By securing these properties, Silicon Metals Corp. is well-positioned to become a significant player in the silica market.
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