Grid Metals Balance Sheet Health

Financial Health criteria checks 6/6

Grid Metals has a total shareholder equity of CA$2.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.6M and CA$5.1M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$4.15m
Equity	CA$2.45m
Total liabilities	CA$5.10m
Total assets	CA$7.55m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GRDM's short term assets (CA$4.3M) exceed its short term liabilities (CA$3.0M).

Long Term Liabilities: GRDM's short term assets (CA$4.3M) exceed its long term liabilities (CA$2.1M).

Debt to Equity History and Analysis

Debt Level: GRDM is debt free.

Reducing Debt: GRDM had no debt 5 years ago.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GRDM has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GRDM has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 28.2% each year

Grid Metals Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Grid Metals Corp. Initiates Maiden Eagle Drill Program At the Mm Copper/Nickel Project

Grid Metals Corp Provides Results from Its Ongoing Exploration Program at its MM Copper/Nickel Project Located in Southeastern Manitoba

New major risk - Share price stability

Grid Metals Corp., Annual General Meeting, Oct 28, 2024

Grid Metals Corp. Provides Activities Update on Donner Lithium and MM Copper Nickel Projects

Grid Metals Corp. Files National Instrument 43-101 Technical Report for Mm Copper/Nickel Project in Southeastern Manitoba

Grid Metals Corp. Announces Changes to its Board

New major risk - Market cap size

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. Announces Results from Its Maiden Drill Program At the 100%-Owned Falcon West Lithium Property

New major risk - Market cap size

Grid Metals Corp. Announces Drill Results from its January-March 2024 Drill Program at the Donner Lake Lithium Project in Southeastern Manitoba, Canada

New major risk - Market cap size

Grid Metals Corp to Drill Falcon West Lithium Project in Southeastern Manitoba

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.

New minor risk - Shareholder dilution

Less than half of directors are independent

Grid Metals Corp. Approves the Appointment of Grant McAdam as Director

Price target increased by 50% to CA$0.60

Grid Metals Corp. Commences Drilling at Campus Creek Lithium Project Buys Out Joint Venture Partner Option

Grid Metals Corp Reports Positive Metallurgical Test Results from Donner Lake Lithium Property

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 Announces Strong Second Wave of Results from the Main Dyke Lithium Drilling

Grid Metals Corp. Announces Initial Drill Results At Donner Lake Lithium Property, Se Manitoba

Grid Metals Corp Announces the Appointment of Patrick Murphy as Director

Grid Metals Corp Completes 15 Drill Holes At Donner Lake Lithium Project

Insufficient new directors

Grid Metals Corp Commences Drilling at Donner Lake Lithium Property

Grid Metals Corp., Annual General Meeting, Nov 23, 2022

Grid Metals Corp. announced that it has received CAD 8.52 million in funding from Primero Group Limited, American Metals & Coal International, Inc., Churchill Strategic Investments Group Pty Ltd, Lithium Royalty Corp., Waratah Capital Advisors Ltd.

Grid Metals Corp. announced that it has received CAD 8.52 million in funding from Primero Group Limited, American Metals & Coal International, Inc., Churchill Strategic Investments Group Pty Ltd, Lithium Royalty Corp., Waratah Capital Advisors Ltd.

Grid Metals Corp. announced that it expects to receive $8.52 million in funding from Primero Group Limited, American Metals & Coal International, Inc.

Grid Metals Corp. Reports the Results from the Final Three Holes Completed in the Phase 1 Drill Program At Its Donner Lake Lithium Property in Southeastern Manitoba

Grid Metals Corp. Reports Additional Drilling Results from the Phase 1 Drill Program At Its Donner Lake Lithium Property

Canada Nickel Company Inc. (TSXV:CNC) entered into an agreement to acquire Bannockburn Nickel Property Located Near Matachewan Ontario from Grid Metals Corp. (TSXV:GRDM).

Grid Metals Corp. Reports Results for Three Additional Holes from the Recently Completed Phase 1 Drill Program at its Donner Lake Lithium Property in Southeastern Manitob

Price target decreased to CA$0.47

Insufficient new directors

Grid Metals Corp. Reports Additional Diamond Drill Results from the 2022 Lithium Exploration Program At Its Donner Lake Lithium Property in Southeastern Manitoba

Grid Metals Corp. Provides Drill Update on its Makwa Nickel Property

Grid Metals Intersects 13.75 Metres of 1.53% Li2O and 8.0 Metres of 1.47% in First Two Holes At the Donner Lake Lithium Property Manitoba Canada

Grid Metals Corp. Provides an Update on its Nickel-Copper-PGM Sulfide and Lithium Pegmatite Exploration Properties

Grid Metals Corp. Provides Drilling Underway at Grid Metals Manitoba Nickel Targets

Grid Metals Corp. Reports Wide Zones of Nickel Mineralization and Higher Grade Core At Bannockburn Nickel Property

Grid Metals Corp. announced that it has received CAD 1.650356 million in funding from Lithium Royalty Corp.

Grid Provides Manitoba Project Update

Grid Metals Corp. Announces Positive Metallurgical Test Results and Initial Rhodium Assays for East Bull Lake

Grid Metals Corp. Provides Update on Exploration Activities At Bannockburn Nickel and East Bull Lake Palldium Properties

Grid Metals Reports New Drill Results from East Bull Lake Palladium Property

Grid Metals Corp. announced that it has received CAD 3.5 million in funding

Grid Metals Corp. Reports New Results from Three Additional Drill Holes from the Central Parisien Lake Zone

Grid Metals Commences Drilling At Bannockburn Nickel Project

Grid Metals Corp. Provides New Drill Results from East Bull Lake

Grid Metals Corp. Files NI 43-101 Report on Bannockburn Nickel Property

New 90-day high: CA$0.26

Grid Metals Corp. Announces Further Drilling Results from Its Fall 2020 Program At Its 100% Owned East Bull Lake Palladium Property in Ontario

Grid Metals Corp. Commences Drill Program At East Bull Lake Palladium Property

Grid Metals Corp. announced that it has received CAD 2.742965 million in funding

Grid Metals Corp. announced that it expects to receive CAD 2.25 million in funding

Grid Metals Makes Significant Palladium Discovery at East Bull Lake

Grid Metals Corp., Annual General Meeting, Jan 06, 2021

Grid Metals Corp. Provides an Update Regarding its 2020 Exploration Program at its 100% Owned East Bull Lake Palladium Property in Ontario

Grid Metals Corp. Provides Further Update at East Bull Lake Drilling Commences

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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