Silicon Metals Corp. (SI) Financials
CSE: SI · Silica · Development stage
- Market cap$837K
- Share price$0.075
- 52-week range$0.030 – $0.250
- Shares outstanding11,155,996
- ExchangeCSE
- Properties6
- Websitesiliconmetalscorp.com
Silicon Metals Corp. is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The Company’s Maple Birch Project, located approximately 30km south-east of Sudbury, Ontario, is a high purity quartz pegmatite project with a 3,000 tonne per year production permit. The Company also holds an undivided 100% right, title, and interest in the exploration stage and now fully 5-year permitted Ptarmigan Silica Project, located approximately 130km from Prince George, British Columbia. The Company has also acquired an undivided 100% right, title, and interest in both the exploration stage Silica Ridge Silica Project located approximately 70kms southeast from the town of MacKenzie, British Columbia, as well as the exploration stage Longworth Silica Project located approximately 85km East from Prince George, British Columbia.
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Silicon Metals Corp. financial statements
Key figures read from 16 of 16 financial statement filings, Aug 27, 2021 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$174,235 | C$383,399 | C$536,483 | C$308,810 | C$393,929 |
| Total current assets | C$329,650* | C$468,995* | C$546,906* | C$313,442* | C$404,663* |
| Exploration and evaluation assets | C$1,407,757 | C$685,025 | C$136,665 | C$105,746 | C$80,277 |
| Total assets | C$1,748,707 | C$1,154,020 | C$683,571 | C$419,188 | C$484,940 |
| Shareholders' equity | C$1,621,518 | C$853,661 | C$607,043 | C$398,551 | C$455,257 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$638,124 | C$462,918 | C$4,362 | C$729 | C$4,152 |
| Share-based compensation | C$260,000 | C$0 | C$84,495 | C$0 | C$20,241 |
| Impairments and write-downs | C$0 | C$146,962 | — | — | — |
| Net income (loss) | (C$1,165,704) | (C$941,745) | (C$163,840) | (C$56,706) | (C$108,138) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,049,484) | (C$785,911) | (C$40,082) | (C$51,187) | (C$97,653) |
| Investing cash flow | (C$603,951) | (C$143,081) | C$4,418 | (C$33,932) | (C$45,272) |
| Financing cash flow | C$1,444,271 | C$775,908 | C$263,337 | C$0 | C$291,868 |
| Exploration spending (capitalized) | (C$592,651) | (C$143,081) | (C$4,418) | (C$33,932) | (C$45,272) |
| Proceeds from share issues | C$1,486,638 | C$730,908 | C$263,337 | C$0 | C$291,868 |
| Change in cash | (C$209,164) | (C$153,084) | C$227,673 | (C$85,119) | C$148,943 |
| Cash at end of period | C$174,235 | C$383,399 | C$536,483 | C$308,810 | C$393,929 |
Silicon Metals Corp. financings
6 financings announced or closed by Silicon Metals Corp., read by Mining News Terminal, newest first.