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[Ferro-Alloys.com]Canadian Metals Inc. (The “Company”) (CSE: CME) is pleased to announce that the Ministry of the Economy and Innovation has authorized funding to support the feasibility study for the construction of a silicon plant in Baie-Comeau. This financial assistance, in the form of a grant of up to a maximum of $1,000,000, will come from the Forest Industry Diversification Fund from Resolute Canada Inc. (Fonds de diversification de l’industrie de PF Résolu Canada Inc.)

The non-refundable financial contribution agreement will be administered by Investissement Québec, as agent of the Government of Québec and contains general terms and conditions typical of this type of assistance program.

"This is wonderful news that demonstrates the government's endorsement for our investment and development project for the Baie-Comeau region. This grant is significant support in the execution of our feasibility study currently underway. We are privileged to benefit from such assistance for the realization of our silicon project.’’ said Rene Boisvert, president of The Company.

About Canadian Metals Inc. 
Canadian Metals is a diversified resource company focused on creating shareholder value through the development of large-scale industrial mineral portfolios in specific commodities and jurisdictions that will fuel the new energy economy. The company is uniquely positioned to pursue this strategy in silicon, precious and base metal assets.

• [Editor:tianyawei]