Ankündigung • Nov 05
Grid Metals Corp., Annual General Meeting, Jan 08, 2026 Grid Metals Corp., Annual General Meeting, Jan 08, 2026. Ankündigung • Oct 31
Grid Metals Corp. announced that it has received CAD 4.027158 million in funding On October 30, 2025, the Grid Metals Corp closed the transaction. An insider of the Company participated in the Offering, acquiring an aggregate of 5,565,233 Common Shares for total gross proceeds of approximately CAD 667,828. Ankündigung • Oct 11
Grid Metals Corp. announced that it expects to receive CAD 4.027158 million in funding Grid Metals Corp. has proposed a non-brokered private placement for aggregate gross proceeds of up to CAD 4,027,158 on October 10, 2025. The offering will consist of the issuance of common shares to a strategic investor and an existing institutional shareholder and the issuance of flow-though shares of the company to charitable purchasers. The offering is expected to be completed in two tranches. The first tranche is expected to consist of the issuance of 14,000,000 common shares to the investor at a price of CAD 0.12 per common share for aggregate gross proceeds of CAD 1,680,000. The second tranche is expected to consist of the issuance of up to 7,060,903 common shares to the investor and an existing institutional shareholder at a price of CAD 0.12 per common share and up to 7,575,000 CFT (charity flow-through) shares to charitable purchasers at a price of 19.8 cents per CFT share, for gross proceeds of up to CAD 2,347,158 under the second tranche. Each CFT share will be issued as a flow-through share within the meaning of the Income Tax Act (Canada). The first tranche and second tranche are expected to close on or about October 15, 2025, and October 30, 2025, respectively. Closing of the offering is subject to customary closing conditions, including the completion of definitive documentation and receipt of applicable regulatory approvals (including approval of the TSX Venture Exchange). The common shares and CFT shares will be subject to a hold period of four months and one day from issuance in accordance with applicable securities laws. Ankündigung • Oct 17
Grid Metals Corp. Initiates Maiden Eagle Drill Program At the Mm Copper/Nickel Project Grid Metals Corp. report the receipt of exploration permits and the commencement of its maiden drill program at the Eagle gabbro, located within the MM copper/nickel project in southeastern Manitoba. The Eagle gabbro is located at the eastern end of the >20 km long Mayville-Eagle complex host to the Company's 32.0 Mt Mayville Cu-Ni (PGM) deposit. Drill hole plans are based on 3D modeling of historical drilling results, recent surface sampling and mapping data, magnetic survey data and 3D plate modeling of existing EM survey data. Ankündigung • Oct 03
Grid Metals Corp Provides Results from Its Ongoing Exploration Program at its MM Copper/Nickel Project Located in Southeastern Manitoba Grid Metals Corp. provided results from its ongoing exploration program at its MM copper/nickel project located in southeastern Manitoba. The program has recently been focused on the Eagle Gabbro - host to the historical New Manitoba Cu-Ni sulfide deposit that was acquired by Grid last year. The Company is preparing to commence its inaugural exploration drilling program at Eagle as well as a new round of ground and airborne geophysical surveys over the entirety of its highly prospective Mayville East - Eagle target area. Surface copper/nickel mineralization confirmed in numerous outcrops over a ~4 km long target trend associated with a gabbroic intrusive known as the 'Eagle gabbro.' The Eagle gabbro is located at the eastern end of the >20 km long Mayville-Eagle complex - host to the Company's 32.0 Mt Mayville Cu-Ni (PGM) deposit1. Mineralization from twelve bedrock grab samples collected during the current field campaign returned copper grades in the range 0.5-1.3% with associated nickel, cobalt and precious metal values. Mineralization discovered to date is associated with a prominent magnetic anomaly. Drilling is expected to commence this Fall following receipt of exploration permits and the program is fully-funded. A large airborne magnetic-EM survey is planned for the highly prospective eastern part of the Mayville-Eagle complex, including the Eagle gabbro target area. A ground IP orientation survey is also planned to cover the best exposed, well-mineralized segments of the Eagle gabbro. The initial area of drilling is planned for the New Manitoba deposit2 located at the southeast end of the Eagle gabbro. This part of the property was acquired in 2023 and has seen very limited exploration subsequent to drilling in the 1950s. The Eagle gabbro is a >4 km long, northwest trending mafic intrusive body located at the eastern end of the Mayville-Eagle Complex in the northernmost portion of the Bird River Greenstone Belt. Magmatic sulfide mineralization observed in the Eagle gabbro is copper dominant with nickel, gold, cobalt and PGM values. Mineralization predominantly occurs as disseminated sulfides with local occurrences of net-textured and semi-massive sulfides. The Eagle gabbro trend contains the historical New Manitoba deposit which was optioned by Grid in 2023. A historical resource was defined at the New Manitoba area2 by drilling completed in the 1950's (Manitoba Mineral Inventory Card #217). Additional confirmation drilling was completed in 2009. One of the 2009 drill holes (hole CL09-06) intersected 24.5m averaging 0.77% Cu and 0.37% Ni from 55.5m down hole in the interpreted northern extension to the New Manitoba deposit. The New Manitoba area sits approximately 8 km to the southeast of Grid's Mayville deposit, which contains 32.0 million tonnes of pit-constrained indicated resources at 0.61% CuEq1. The Mayville deposit remains open at depth and along strike as demonstrated by hole MAY23-03 that was completed in March of last year and drilled below the current pit constrained resource. This hole intersected 147.6m (from 305.4m) with 0.41% Cu and 0.14% Ni including a 51.0m section averaging 0.63% Cu and 0.20% Ni(from 402.0m) and a higher-grade interval of 10.0m with 1.27% Cu and 0.45% Ni (from 409.0m). The estimated true width of the intercept was approximately 90m. The sulfide textures, metal grades, metal rations and host rock mineralogy are very similar to that seen in outcrops of the New Manitoba deposit. Highlights from the ongoing field work at the Eagle gabbro include: Grab samples taken from intermittent outcrop of the Eagle gabbro were focused on better exposed areas including the New Manitoba deposit (~300m strike length) and the Acme Zone (~400m strike length). Mineralization from twelve bedrock grab samples collected early in the current field campaign returned copper grades in the range 0.5-1.3% along with associated nickel and precious metal values. Additional assays are pending. The base metal grades and ratios observed in the 2024 field samples are strongly similar to those reported from core samples from diamond drill holes completed in the New Manitoba area in the 1950s, 1970s, and 2009. The metals suite (Cu+Ni+Co+Au+PGM) from the Eagle and Acme samples were found to be similar to that found elsewhere in the 20km east-west Mayville Complex (the north arm of the Bird River Greenstone Belt). Ankündigung • Aug 29
Grid Metals Corp., Annual General Meeting, Oct 28, 2024 Grid Metals Corp., Annual General Meeting, Oct 28, 2024. Ankündigung • Aug 14
Grid Metals Corp. Provides Activities Update on Donner Lithium and MM Copper Nickel Projects Grid Metals Corp. provided an update at both its Donner Lithium and MM Copper/Nickel Projects which are located in southeastern Manitoba. The Company has made significant progress with its permitting initiatives at Donner and is preparing to resume drilling at itsMM Copper Nickel Project this fall. The new drill campaign will focus on a largely untested ~4 km long outcropping trend of Cu-rich magmatic sulfide mineralization that includes the historical New Manitoba deposit that was acquired by Grid in 2023. MM and Donner are both located on the northern part of the Bird River Greenstone Belt 150 km northeast of Winnipeg Manitoba. Donner Lithium Property Highlights: Grid has received notice from the Mines Branch of Manitoba regarding its Advanced Exploration Permit (AEP) for the Donner Lithium Project that the permit has been approved subject to the posting of a reclamation bond by Grid. The permit application was coordinated with and supported by the Sagkeeng First Nation in whose ancestral territory the Donner Project is located. Grid agreed to coordinate with SFN on environmental mitigation measures and economic benefits relating to the permit activities; As lithium prices have further declined in 2024 the Company does not plan to immediately proceed with the bulk sample outlined in the AEP. Grid will keep the market informed on the timing of the bulk sample and finalization of the AEP for Donner which is expected to be re-initiated with the occurrence of higher lithium prices; Grid has reduced its near-term financial payments for the lease of the True North Mill in Bissett for the processing of lithium spodumene material from Donner. The Company most recently made a CAD 100,000 payment with the next payment (CAD 200,000) scheduled for the end of 2024; The continued focus of Grid is to explore and develop critical mineral resources located in southeastern Manitoba and specifically in the Bird River greenstone belt where the Company holds mineral title over the most advanced lithium project in the region (Donner) and controls over 50 km of Cu- and Ni-rich exploration targets including four separate 43-101 compliant Cu-Ni-PGE-Co resources: the Makwa, Mayville, Ore Fault and Page deposits. MM Copper/Nickel Project: On May 6, 2024, Grid announced the results of an updated mineral resource estimate that was prepared in compliance with National Instrument 43-101 on the Mayville and Makwa Deposits. In order to expand the known resources and test new targets in the belt the Company plans to complete an approximately 5,000-meter drill program focused on the Mayville arm of the Bird River Belt in the area of the historic New Manitoba Deposit and covering areas featuring untested, outcropping mineralization over a cumulative strike length of ~4 km. Details of the new drill program will be provided in the near future. Ankündigung • Jun 24
Grid Metals Corp. Files National Instrument 43-101 Technical Report for Mm Copper/Nickel Project in Southeastern Manitoba Grid Metals Corp. announced that it has filed on SEDAR the technical report for the updated Mineral Resource Estimate for its copper/nickel MM Project in Project in southeastern Manitoba, prepared in accordance with CIM (2019) Best Practice Guidelines. The MM Project resource comprises two separate deposits, located approximately 35 km apart, and approximately 145 kilometres from Winnipeg, the capital of Manitoba. Makwa is a nickel dominant resource with palladium, platinum and copper credits while Mayville is a copper dominant deposit with significant nickel content as well as platinum group metals. Contained metal content in the indicated open pit category includes 317 million pounds of copper, 263 million pounds of nickel and 452,000 ounces of precious metals (palladium, platinum and gold). Details of the MRE were contained in the press release of Grid Metals Corp. dated May 6, 2024 and in Table 1A and Table 2 following. Exploration Drilling Planned - The Company has applied for exploration drill permits in order to enable exploration drilling at the Mayville Property in the area of and along strike of the historical New Manitoba deposit - one of three deposits acquired in the MM Project area which are not part of the current resource. Historical drilling at the New Manitoba yielded copper-nickel-cobalt mineralization with similar metal ratios to that of the Mayville Deposit, also located along the northern arm of the Bird River Greenstone Belt. The exploration program will be financed by existing working capital of the Company and is scheduled to commence during the third quarter of 2024. The exploration target/model at MM is to increase the contained tonnage to a range between 75 and 100 million tonnes with similar or higher grade to the current resource. The current resources are conventional sulphide metal deposits which have had extensive metallurgical testwork completed which has demonstrated their ability to produce marketable nickel and copper concentrates that contain associated precious metal by-products. The Company is of the view that there is a scarcity of North American domiciled nickel deposits (in particular) with attractive grade/tonnage and capital intensity metrics that can be developed to supply future demand for nickel required in response to the Inflation Reduction Act (United States). Located in the attractive ESG friendly mining jurisdiction of Manitoba Canada, the MM Project has the potential to become an important contributor to the North American EV supply chain. Ankündigung • Jun 08
Grid Metals Corp. Announces Changes to its Board Grid Metals Corp. announced the appointment of Constantine Karayannopoulos to the Board of Directors of the Company. Mr. Karayannopoulos brings a distinguished resume and track record of success to the Board of Grid Metals. He is replacing Mr. Edward Munden who is stepping down off the board. Mr. Karayannopoulos is a Professional Engineer who has held numerous senior executive positions including as President, Chief Executive Officer, and Director of Neo Material Technologies prior to its acquisition in 2012 for CAD1.3 billion. He was also one of the founders as well as non-executive Chairman of the Board of Neo Lithium Corp. from February 2016 to January 2022 when the Company was acquired for CAD 960 million. He is currently a strategic advisor to several public companies in the rare earth and critical minerals industry. He is a member of the advisory board of Lithium Royalty Corp., the University of Toronto'sDepartment of Chemical Engineering and is a member of the Canada China Business Council. He holds Bachelor and Master of Applied Science Degrees in Chemical Engineering from the University of Toronto. He is a nominee director of Waratah Capital Advisors. Ankündigung • May 08
Grid Metals Corp. Announces Indicated Open-Pit Mineral Resource of 46.2 Million Tonnes at MM Copper/Nickel Project in Southeastern Manitoba Grid Metals Corp. announced an updated Mineral Resource Estimate ("MRE") for its copper/nickel MM (previously "Makwa Mayville") Project in southeastern Manitoba, prepared in accordance with CIM (2019) Best Practice Guidelines. Grid has consolidated the majority of the prospective copper-nickel mineral tenure of the highly prospective Bird River Greenstone Belt including several other deposits near the Makwa and Mayville resources. Concurrent with the new resource estimate the Company has completed a Project wide geophysical review which has identified a number of new high potential targets for drilling. An initial drill program is in planning and expected to commence later in 2024. The Company is seeking financing and/or strategic partnerships to actively develop the Project. The MM Project includes a copper-rich (Mayville) and a nickel-rich (Makwa) disseminated magmatic sulfide deposit along with three additional near-surface deposits (Page, Ore Fault, and New Manitoba) which were acquired by Grid in April 2023. The Mayville and Makwa deposits are located in the northern and southern parts of the Bird River Greenstone Belt, respectively, in southeastern Manitoba. The Bird River Greenstone Belt and its mineral occurrences have been the subject of multiple research projects including research work completed under the Targeted Geoscience Initiative by the Canadian Geological Survey. The Project area has been identified as being a direct analogue to the Ring of Fire belt in northwestern Ontario (Houlé et al., 2020) which hosts several significant mineral deposits. The Project consists of a mining lease and mineral claims held by the Company and its subsidiaries. It is readily accessible year-round, by provincial highways from the capital city of Winnipeg located approximately 145 km to the southwest. The Mayville deposit is situated two km north of the Company's Donner Lithium Project where the Company has published a NI 43-101 Resource Estimate Technical Report. Both the Donner and MM Projects will benefit from efficiencies in exploration, government and First Nations relations, permitting and infrastructure. In total, 99 mineral claims and one mineral lease (Makwa) are held for base metal exploration by the Company and its subsidiaries. A further 51 mining claims are under option from Gossan Resources with a $300,000 option payment remaining under the option and due in April 2025. The Makwa Deposit is held under a Mineral Lease granted by the Province of Manitoba that expires in 2040 and is subject to annual payments of approximately $10,000 per year. Under the mineral tenure system in Manitoba, assessment credits are "banked" to enable the claims to be held without annual payments provided sufficient exploration credits are expended on the Property. Currently, the Company has sufficient exploration credits to keep the Project in good standing for over 10 years. The Company views the updated MM resource estimate as an important base upon which it can expand. The Company notes that by far the majority of the exploration completed to date has focused on near surface disseminated mineralization. The higher-grade cores of the deposits and higher-grade values associated with massive sulfides in multiple drill holes give clear indication that the potential for higher-grade massive sulfide is evident throughout the belt as well as proximal to the known deposits. The Project has several walk-up targets that could provide immediate upside to the current mineral resource. These include the newly acquired New Manitoba Cu-Ni historical occurrence and the untested EM conductors between New Manitoba and the Mayville Cu-Ni Deposit approximately 10 km to the west. As well, the newly acquired Page and Ore Fault deposits and their potential extensions are also priority targets. The Company plans to complete an initial drill program to test these priority targets later this year and will provide further details on the targets and timing as soon as possible. The other deposits and mineral occurrence in the MM Project area are: The New Manitoba deposit, which has a historical mineral resource estimate of 1.8Mt at 0.75% Cu and 0.33% Ni (Manitoba Mineral Inventory Card #217) (Note: The Company has not been able to verify the historical estimate as relevant and the historical estimate should not be relied on); The Ore Fault deposit, containing a previously NI 43-101 reported indicated resource of 0.9Mt at 0.32% Ni and 0.24% Cu and an inferred resource of 2.5Mt 0.35% Ni and 0.19% (Ewert et al., 2009); and, The Page deposit, containing a previously NI 43-101 reported indicated resource of 1.5Mt at 0.32% Ni and 0.13% Cu (Ewert et al., 2009). The Ore Fault and Page deposit MREs were prepared in accordance with National Instrument 43-101. The Company considers these estimates to be reasonable but has not independently verified them and will be required to take additional steps including drilling to complete the verification process. The updated mineral resource estimate for the MM Project is provided in Tables 1 and 2, below. The new estimate was prepared by Micon International Ltd. (‘Micon') following the CIM 2019 Best Practice Guidelines and is reported in accordance with National Instrument 43-101 ("NI 43-101") - Standards of Disclosure for Mineral Projects and its Companion Policy 43-101CP. The current mineral resource was estimated by Micon using an updated drill hole database and new mineralization wireframes that capture all verified historical drill hole data sets. Block grade interpolation was performed using the Kriging technique). The Mayville magmatic sulfide deposit is a copper-rich disseminated sulfide deposit hosted by the western part of the approximately 17 km long late Archean Mayville mafic-ultramafic complex. The Mayville deposit is approximately 1.5 km long, up to 200 metres wide, and has been delineated to maximum depth of approximately 500 metres. It dips steeply to the south. The deposit includes the Main Zone and two satellite zones located at the eastern end of the deposit. The two satellite zones have not been included in the current resource estimate. The Makwa deposit is a conventional, basal-contact related, Ni- and Pd-rich disseminated magmatic sulfide deposit. The steep south-dipping and west-plunging Makwa deposit has a minimum strike length of 1.1 km, an average vertical depth of approximately 350 metres and an average width of 30-50 metres. The Makwa deposit remains open along strike to the east and partially down-dip below its currently defined vertical extent. The deposit was briefly mined from a shallow open pit by a subsidiary of Falconbridge Ltd. in 1974. It was the subject of a standalone Prefeasibility Study completed in 2008 (Micon International) for the mining and production of nickel concentrate for sale to a smelter. Ankündigung • Apr 30
Grid Metals Corp. Announces Results from Its Maiden Drill Program At the 100%-Owned Falcon West Lithium Property Grid Metals Corp. announced results from its maiden drill program at the 100%-owned Falcon West Lithium Property, which is located approximately 110 km east of Winnipeg, Manitoba and 100 km south of the Company's Donner Lake Lithium Property. Drilling (26 drill holes completed) occurred at two locations approximately 750 meters apart. The drill program was the first to focus on lithium mineralization since the 1950s. Drilling intersected significant values of lithium, tantalum, cesium and rubidium, confirming the presence of a highly fractionated, rare metal-enriched pegmatite system. Highlights Several holes, drilled in two areas (ArtDon and Lucy targets) that sit 750 metres apart, intersected multiple intervals of lithium-enriched, highly fractionated LCT-type pegmatite within a few metres to tens of metres from surface Very coarse white spodumene is associated with the highest-grade lithium intersections High-grade lithium intersections contain percent levels of cesium and rubidium and highly anomalous tantalum, reflecting the presence of a Tanco-type, highly fractionated pegmatite system These intersections occur within a >100 metre wide and up to 100-metre-deep complex pegmatite unit that is traceable along strike with magnetics for >3 km The complex pegmatite unit encountered at the target area occupies the western portion of a major, craton-scale tectonic boundary zone that has seen very limited, previous lithium exploration Grid Metals' Falcon West claims cover over 90 km of strike of this highly prospective boundary zone At the ArtDon target (west area), notable intersections include: 3.7 metres grading 2.83% Li2O in hole ADL24-21 (from 4.4 metres depth) 4.3 metres grading 2.82% Li2O in hole ADL24-22 (from 1.25 metres) including 1.7 metres grading 4.69% Li2O, followed by a second interval of 6.0 metres grading 1.17% Li2O (from 20.3 metres) At the Lucy target (east area), highlights include: 13.9 metres grading 0.73% Li2O (from 5.8 metres) and 3.6 metres grading 1.11% Li2O (from 34.1 metres) in drill hole ADL24-01 5.0 metres grading 1.07% Li2O in hole ADL24-02 (from 13.2 metres) 5.8 metres grading 1.32% Li2O in drill hole ADL24-09 (from 19.9 metres) 5.1 metres grading 1.07% Li2O in drill hole ADL24-11 (from 29.0 meters) Drill highlights include multiple intersections in the 1-2% Li2O range over several metres in both areas with maximum Li2O grades of 4.69% Li2O over 1.65 metres in hole ADL24-22 from the ArtDon area. In addition, local strong cesium enrichment that is generally coincident with Li-and spodumene-rich complex pegmatite intervals was seen in several of the new Grid drill holes including peak values of 4.56% Cs2O over 3.20 metres including 7.04% Cs2O over 1.25 metres in hole ADL24-09. Historical hole LU12-02 drilled in the same area also intersected Cs-enriched complex pegmatite including 3.3 metres averaging 3.0% Cs2O. The new drill results are in general agreement with an undulating, gently dipping complex pegmatite ‘sheet' model first presented by Avalon Ventures Ltd. Owing to the presence of extremely coarse spodumene crystals, additional work would be required to better understand the distribution of spodumene within this complex pegmatite system. Importantly, the Li- (+/- Cs, Ta, Rb) enriched complex pegmatite unit(s) intersected at both the ArtDon and Lucy areas appears to be open in both directions along strike with more drilling required. Warmer than normal weather prevented drilling in the ~750m gap between the east and west area in this program. The favorable geological contact that the pegmatite trend follows is readily identified as a pronounced east-trending magnetic low anomaly that is evident in a previously completed ground magnetic survey. This magnetic anomaly has a minimum strike length of 3 km, most of which remains untested by drilling, and remains open in both directions. In turn, this complex pegmatite corridor corresponds to the cratonic-scale tectonic boundary between the Winnipeg River and Wabigoon Subprovinces of the Western Superior Province. Future exploration programs will focus on identifying additional near-surface LCT-type pegmatites along the 90 km long prospective lithium/cesium/tantalum corridor occurring on Grid's Falcon West property. Ankündigung • Apr 19
Grid Metals Corp. Announces Drill Results from its January-March 2024 Drill Program at the Donner Lake Lithium Project in Southeastern Manitoba, Canada Grid Metals Corp. announced drill results from its January-March 2024 drill program at the Donner Lake Lithium Project ("Donner Lake") in southeastern Manitoba, Canada. Drilling was completed at both: (1) the Northwest Dyke ("NW") Dyke for the purposes of upgrading the near surface resource; and (2) at depth below the Main Dyke resource to test the potential for adding to the existing underground resources. The results from both dykes were in line with expectations and support the ongoing development timeline for Donner Lake. The Company is continuing study and permitting activities to position Donner Lake for higher lithium prices in the future. Drill Highlights: The two drill holes at the Main Dyke intersected the spodumene-bearing Main Dyke approximately 125 meters beneath the previously deepest drill holes. Both holes were drilled to test the potential for extending the existing underground resources at depth. Based on these new results and the consistent nature of the Main Dyke over its 1 km strike length, Grid Metals plans to proceed with a fully-funded summer drill program comprising 10 additional resource extension drill holes. All of the 12 infill drill holes at the Northwest Dyke intersected spodumene-bearing pegmatite that returned lithium grades and intersection lengths in line with previous resource delineation drill holes completed in 2022 and 2023. Overall, the Company expects this drilling to enable an upgrade to the resource category at the Northwest Dyke. The Company has now completed significant work towards a NI 43-101 compliant Preliminary Economic Assessment ("PEA"). Major components of the study have been substantially completed including a mine plan, capital and operating cost estimation and a number of optimization trade-off studies. The current results relate to 14 diamond drill holes completed at the Main and Northwest dykes during the months of January, February and March 2024. Both holes intersected the Main Dyke at the expected depth and returned true widths and weighted average Li2O grades consistent with previously reported resource drill hole intersections. The new results suggest that there are very good prospects for adding, with appropriate deep drilling, new underground resources below the current inferred resources. The 9 holes reported here returned weighted average lithium grades over true widths in line with the results reported in the 2023 resource estimate for the Property. The Company news release dated July 18, 2023 and associated Technical Report filed on SEDAR on September 6, 2023). Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or other metals. Ankündigung • Jan 19
Grid Metals Corp to Drill Falcon West Lithium Project in Southeastern Manitoba Grid Metals Corp. announced that it has received exploration permits and will immediately commence exploration drilling at its Falcon West Lithium Property (the "Property"), which is located approximately 110 km east of Winnipeg, Manitoba and 100 km south of the Company's Donner Lake lithium property. The initial target area hosts high grade lithium and cesium mineralization in historical drill core. Approximately 2,000 meters of drilling are planned in the initial phase of the program. Falcon West is a belt scale (61,268 hectares and ~90 km of strike length) lithium and rare metal property. It is located in the West Hawk Lake Greenstone Belt and hosted in mafic volcanics rocks present at the contact between the Wabigoon and Winnipeg River geological sub provinces. This important geological contact hosts several significant lithium deposits and occurrences including the Mavis Lake deposit. The West Hawk Lake Greenstone Belt is the next prospective greenstone belt to the south of the Bird River Greenstone Belt that hosts the world class large Tanco Pegmatite - one of the most evolved pegmatite known globally which hosts the producing Tanco Lithium and Rare Metals Mine. As of 1983, Tanco had spodumene reserves of 7,300,00 tons grading 2.76% Li2O. The drill program will commence at the Artdon-Lucy (‘ADL') target area of the Property, at which several historical drill programs intersected near surface pegmatites locally containing high lithium grades that are associated with spodumene. Historical drill highlights include 12 m at 2.2% Li2O and 12m at 1.8% Li2O. The ADL target area is approximately 110 km from Winnipeg and is transected by the Trans-Canada Highway and a major rail line giving the Property direct access to critical infrastructure. The initial drill program will comprise approximately 2,000 meters. The program will attempt to (1) establish the orientation and continuity of several known lithium spodumene bearing pegmatites and, (2) increase the overall understanding of the pegmatite emplacement, fractionation and zonation trends. The ADL area being explored is approximately 1 km area in strike length. Falcon West is part of Grid's goal of building a large lithium (spodumene) resource base in the southeast Manitoba region that could support long-term spodumene concentrate production to help feed the rapidly expanding North American lithium battery manufacturing sector. Spodumene-bearing pegmatites assaying up to 3.51% Li2O over 4.57 metres within a 12.2 metre section assaying 2.16% Li2O are noted in historical drill hole records from the Lucy (eastern) Pegmatite part of the area (Manitoba Mineral Inventory Card #119, Hole 24, East Braintree Lithium Corp.). Most of the historical lithium-enriched pegmatite drill intersections are within a few metres to tens of metres from surface with two pegmatites (Lucy and Artdon) outcropping at surface. A non-compliant, historical resource* of 226,800 tonnes of 1.75 % Li2O was estimated on a portion of the Lucy Pegmatite which is part of the Property. The Lucy Pegmatite has been described as being mineralogically and geochemically zoned, flat lying, extremely fractionated and broadly similar to the world class Tanco Pegmatite (Manitoba Assessment File #94845) Validation outcrop sampling of the Artdon pegmatite, located ~1 km along strike from the Lucy pegmatite, was completed by Grid in 2023 and returned individual grab sample grades of up to 2.97% Li2O. Analysis of previously unassayed drill core from a 2012 drill program at the Lucy Pegmatite returned several intersections of high-grade lithium and cesium (see Grid Metals Corp. Press Release dated. (March 28, 2023). To the Company's knowledge, there has been no historical lithium exploration work on the Property outside the immediate ADL target area. Grid Metals controls 100% of the mineral rights for the Property with a 2% NSR royalty held by the vendors of the ADL target area claims but with no NSR royalty on the majority of the Falcon West claims. The Property is located approximately 110 km west of Winnipeg and 100 km south of Grid's Donner Lake lithium project and features excellent infrastructure including the Trans-Canada Highway, major trans-continental rail lines and hydro-electric power lines. Ankündigung • Nov 30
Grid Metals Corp. announced that it expects to receive CAD 5.4 million in funding from American Metals & Coal International, Inc., Waratah Capital Advisors Ltd. Grid Metals Corp. announced a non-brokered private placement of up to 30,000,000 charitable flow-through common shares at a price of CAD 0.18 per charitable flow-through common share for gross proceeds of up to CAD 5,400,000 on November 29, 2023. The closing of the offering is expected to occur on or about December 21, 2023, and is subject to customary closing conditions including, but not limited to the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The shares will be subject to a hold period of four months and one day in accordance with applicable securities laws and will not be offered or registered in the United States. The company may pay finder's fee on a portion of the proceeds from the offering. Ankündigung • Oct 05
Grid Metals Corp. Approves the Appointment of Grant McAdam as Director Grid Metals Corp. at its Annual and Special Meeting held on September 29, 2023, approved the appointment of Grant McAdam as Director. Ankündigung • Jul 06
Grid Metals Corp. Commences Drilling at Campus Creek Lithium Project Buys Out Joint Venture Partner Option Grid Metals Corp. announced the commencement of a drill program at its Campus Creek Lithium Property near Ignace Ontario and announced the buy out of a joint venture partner option to purchase an effective 15% additional interest in the Campus Creek and Donner Lake Lithium joint ventures. The option buy out is in return for 7,142,858 common shares of the Company and is subject to regulatory approval. Grid has signed a drill contract with Azi Drilling Ltd. of Dryden, Ontario to test the Campus Creek Lithium Project located near Ignace, Ontario which is located approximately 240 km northwest of Thunder Bay, Ontario. Drilling is expected to commence early to mid July on the Highstone Dyke. The target is a surface spodumene (Lithium) bearing occurrence that returned an Li2O select grab sample value of 4.35% along with other lower values. Approximately 1,000 meters of drilling is planned in the first phase of drilling. The phase one drilling at Campus Creek is designed to understand the orientation of the lithium-bearing dyke and possible extensions. All samples referenced in this news release were analysed at Actlabs (Ancaster) using a sodium peroxide fusion digestion method and a variety of analytical finishes including atomic absorption, XRF, ICP and ICP-MS. Grid maintains a rigorous QA/QC protocol for all of its exploration programs including inserting of analytical blanks, duplicates and commercial standards at regular intervals (generally one QA/QC sample is inserted every ten samples). The results reported herein all passed Grid's QA/QC thresholds for standard and blank accuracy for the key rare metals of interest on the property, i.e., lithium, cesium and tantalum. Ankündigung • Jun 27
Grid Metals Corp Reports Positive Metallurgical Test Results from Donner Lake Lithium Property Grid Metals Corp. announced positive initial results from metallurgical tests carried out on drill core samples from its 75% owned Donner Lake Lithium Property. Samples were taken from the Main and Northwest Dykes that together are the subject of an initial NI 43-101 resource estimate currently underway. Mineralogical assessment and a bench scale metallurgical test program on composites representing a number of the drill core intervals were completed at XPS Expert Process Solutions, a GLENCORE Company, in Sudbury, Ontario (XPS). XPS is an experienced provider of metallurgical testwork to the lithium industry. The mineralogical study positively identified the main lithium-bearing mineral in the samples as spodumene, the preferred mineral of concentrate feedstock for conversion facilities globally. The bench scale metallurgical testing produced excellent recoveries and marketable concentrate grades. Highlights from the program were as follows: Lithium recoveries (expressed as Li2O) to concentrates of 76.9% (Northwest Dyke) and 74.1% (Main Dyke) were achieved using standard grinding and direct flotation methods. Both composite samples produced quality lithium concentrates - 6.2% Li2O for the Northwest Dyke and 5.7% Li2O for the Main Dyke. Head grades (as Li2O %) for the Main and Northwest Dyke composite samples were 1.46% and 1.34 %, respectively, estimating average exploration drilling grades obtained in Grid's drill campaigns. Iron content of the concentrates was low. The mineralogical analyses completed as part of the testwork program found that the main lithium carrier by grade was spodumene, which accounted for 89.3% of the lithium in the Main Dyke and 94.9% of the lithium in the Northwest Dyke. The report was successful in recommending an optimal grind size to maximize recovery from both of the Main Dyke and the Northwest Dyke composites. The report concluded that standard flotation was the best method for recovering lithium from the samples. Testing of Heavy Liquid Separation, as an initial evaluation of the Dense Media Separation process, was conducted and it was determined that this process would not be of material value for enhancing lithium recovery. Ankündigung • Jun 01
Grid Metal Corp. Announces Final Drill Results from the Completion of the Northwest Dyke Drill Program at the Donner Lake Lithium Property in Manitoba, Canada Grid Metals Corp. announced final drill results from the completion of the Northwest Dyke drill program at the Donner Lake Lithium Property in Manitoba, Canada. The Company has now received all assays from the winter drilling program which will be incorporated into the upcoming maiden resource estimate expected before the end of Second Quarter/23. SGS Canada has been retained by the Company to complete the estimate which will include both the Main and Northwest Dykes. Highlights: Visible spodumene mineralization noted in all drill holes in the core area of the dyke. Northwest Dyke remains open at depth and along strike to the south (current strike length of approximately 715 meters). Apparent widths of up to 10 meters identified at 185 meters below surface. The Northwest Dyke is exposed at surface and recent resource drilling has projected the lithium bearing pegmatite to at least 300 meters below surface. Drilling highlights include: GDL 23-68: 5.9 m of 1.59% Li2O starting at 14.5 m. GLD 23-74: 6.9 m of 1.56% Li2O starting at 59.1 m. GDL 23-78: 10.7 m of 1.13% Li2O starting at 185.2 m. GDL 23-81: 6.7 m of 1.60% Li2O starting at 54.2 m. GDL23-84: 5.0 m of 1.37% Li2O starting at 262.7 m. Following on drilling competed in 2022, the 2023 NW Dyke resource drilling program included 19 holes for a total of 4,379 meters. Analytical results are shown in Table 1. The Company has rapidly progressed the Donner Lake Lithium Project to the resource estimation stage in just over a year since the start of drilling in February 2022. In total 66 resource drill holes were completed in 2023 for a total of 17,696 meters at the Main Dyke and Northwest Dyke. True width of drill intercepts are between 50-80% of apparent width. Project Plans. SGS Canada Inc. has been retained by the Company To complete a resource estimate in compliance with National Instrument 43-101. Ankündigung • Feb 03
Grid Metals Corp Announces Strong Second Wave of Results from the Main Dyke Lithium Drilling Grid Metals Corp. reported results from an additional five (5) holes at its Donner Lake Lithium Property (the "Property"), located in the Bird River Greenstone Belt of southeastern Manitoba. The holes are part of an ongoing resourcedelineation drilling program at the Main Dyke. All delineation holes from the current campaign have intercepted significant, high grade lithium values in the Main Dyke and, locally, in at least three proximal sub-parallel dykes that were not previously known. Donner Lake is currently a 75% /25% joint venture with Lithium Royalty Corp. Grid has an MOU in place with Tantalum Mining Corporation of Canada Limited focused on creating a toll milling operation to process spodumene-bearing pegmatites from Grid's Donner Lake Property. This news release is reporting on holes GDL22-25 to GDL22-30 (assays are still pending for GDL22-26). Grid has now drilled 19 drill holes as part of the resource delineation drilling at the Main Dyke. Several other exploration holes have been completed to attempt to extend the strike extent of the Main Dyke and to provide an initial test of the mapped area occupied by the nearby Southwest Dykes. Key findings to date include: Thus far the Main Dyke is showing excellent continuity of visible spodumene content within a core zone representing ~800 metre of strike length. Drilling is also locally encountering one or more narrower spodumene-rich pegmatites in the immediate (i.e., within <50m) hangingwall and footwall to the Main Dyke. Mineralization consists coarse-grained spodumene blades (see picture attached) and lesser quartz-spodumene ("SQUI") intergrowths. Over the next ~2 months, the Company plans to complete the initial resource delineation drilling program at the Main Dyke and the Northwest Dyke. The resource drilling at the Northwest Dyke will include infill and extension holes to augment results obtained from the 15 holes completed during the previous winter drilling campaign. A number of exploration targets proximal to the Main Dyke and Northwest Dyke are also being assessed and could also be drilled before the conclusion of the current campaign. In particular, the southwest extension of the Main Dyke (south of diorite unit shown on the map, above) and the major gap area between the Main and Northwest dykes - which is low-lying, bog-covered and poorly exposed, are considered as immediate priorities for exploration drilling. Other work currently being conducted in relation to the Donner Lake Property includes: a metallurgical test program at the XPS laboratory in Sudbury, which is nearing completion; a drone magnetic geophysical survey to guide future exploration; and, integration of the 2022 field program lithogeochemical sampling results with geophysical data to help guide future exploration activities. Preparation of an Advanced Exploration Permit (AEP) application and associated environmental studies are ongoing with the application near completion. Approval of the AEP application would enable the Company to complete a bulk sampling program at Donner Lake. The bulk sample materials would be sent for processing at the nearby Tanco spodumene concentrator, as contemplated in the recently signed MOU with Tanco. The Tanco Mine is located approximately 50 kilometers by road from the Donner Lake property and is currently Canada's only producer of spodumene concentrate. The exploration program at Donner Lake is being supervised by Carey Galeschuk, P.Geo., who is an experienced lithium geologist with nearly three decades of exploration experience in the Bird River Belt with Grid Metals, Tantalum Mining Corporation of Canada and other companies. Grid Metals applies best practice quality assurance and quality control ("QAQC") protocols on all it's exploration programs. For the Donner Lake Lithium Project drilling program, core was logged and sampled at the Company's core facility located on the Makwa Property. Generally, 1.0 metre sample lengths were used. Samples were bagged and tagged and then transported by secure carrier to the Actlabs (Thunder Bay) laboratory forsample preparation and analysis for lithium, cesium, tantalum and selected major and trace element abundances using a sodium peroxide fusion total digestion method followed by ICP-OES and ICP-MS analysis. The Company is using two lithium + rare metal certified reference materials ("CRMs") and an analytical blank for the program to monitor analytical accuracy and check for cross contamination between samples. Mr. Galeschuk has reviewed and approved the contents of this press release with respect to NI 43-101 reporting guidelines. Ankündigung • Jan 18
Grid Metals Corp. Announces Initial Drill Results At Donner Lake Lithium Property, Se Manitoba Grid Metals Corp. announced the results for the initial six holes of an ongoing exploration and resource delineation drilling program at its Donner Lake Lithium Property (the Property), located in the Bird River Greenstone Belt of southeastern Manitoba, 150 kilometers from Winnipeg. The holes targeted the Main Dyke pegmatite and included intersections of 9.5 metres of 1.4% Li2O, 4.3 metres of 1.6% Li2O and 3.4 metres of 1.7% Li2O. Drilling has now covered a strike length exceeding 800 metres and to a vertical depth of up to 250 metres. Donner Lake is a 75% /25% joint venture with Lithium Royalty Corp. Results to Date: To date a total of 29 drill holes have now been completed and six of those holes are reported here. Assays are pending for the other drill holes. The new drilling combined with the shallow holes completed in 2018 and previously reported by the Company covers more than 800 m strike length of the Main Dyke to an average vertical depth of approximately 200 - 250 meters. An important initial result from the resource drilling along the Main Dyke trend is the recognition of multiple, sub-parallel pegmatite dykes. Drilling to date has intersected three distinct lithium-enriched pegmatites including the Upper Main Dyke, which ranges from 1.00 to 9.93 m width, the Main Dyke, which ranges from 1.00 to 7.58 m in width, and the Lower Main Dyke, which ranges from 1.08 to 3.71 m in width. Note that these widths represent the measured core length of the dykes and do not represent true widths. Drilling Plans: Two rigs are currently drilling at the Property and will focus on the following objectives: Completing the initial phase of resource delineation; Exploration drilling along the interpreted strike extensions of both the Main and Northwest dykes; Initial testing of selected, historic lithogeochemical anomalies on the property and, Exploration drilling of other mapped lithium-bearing pegmatites that were identified in the 2022 field program, including the Southwest Dykes. Lithogeochemical Program: Most of the currently proposed exploration drill holes are designed to test the southwest extension of the Main Dyke system, which is in part modeled from the results of a 1980's lithogeochemical survey conducted by the Tantalum Mining Corporation (Tanco). As shown there is a good correlation of the contoured lithium lithogeochemical anomalies and the known strike extent of the Main Dyke. Lithium enrichment in the host rocks to LCT-type pegmatites is interpreted to occur during pegmatite emplacement and involves metasomatic alteration that can extend for tens of metres to >100 metres away from the dyke margins. Lithogeochemistry is a preferred exploration tool for rare element-enriched pegmatites. Accordingly, Grid completed a much larger lithogeochemical survey at the Property during summer and fall of 2022. The results from that survey are currently being evaluated and will be used to help guide future exploration at the Property over an expanded area. 
