Grid Metals Board of Directors Appointment

Rhea-AI Summary

Grid Metals Corp (OTCQB:MSMGF) announced the appointment of Patrick Murphy to its board of directors following a shareholder meeting on November 23, 2022. Mr. Murphy, a Managing Director at AMCI, brings over 15 years of mining investment experience and expertise in battery metal initiatives. The meeting also confirmed the board size to four members, reappointed existing directors, and approved a new equity incentive plan. Grid Metals focuses on lithium and Ni-Cu-PGM projects in Canada, including activity at Donner Lake and the Makwa-Mayville project.

Positive

• Appointment of Patrick Murphy expected to strengthen board expertise, especially in battery metals.
• Reappointment of experienced directors indicates stability and continuity in leadership.

Negative

• Concerns regarding the potential experience gap as a new member joins the board.
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TORONTO, ON / ACCESSWIRE / December 14, 2022 / Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the "Company") announced that Patrick Murphy, a resident of Sydney Australia, has been appointed to the board of directors of Grid Metals by the vote of shareholders. Mr. Murphy is a Managing Director at the specialist natural resources group AMCI. AMCI is a highly successful fully integrated global private natural resources business with exploration, development, production, processing, logistics and marketing expertise, inclusive of substantial bulk materials and battery minerals investments.

The annual and special meeting of Grid Metals Corp shareholders was held in Toronto on November 23, 2022. In addition to setting the size of the board of directors to four and the appointment of Mr Murphy, Robin Dunbar President and CEO, Thomas W. Meredith and Edward J Munden were reappointed to the board by shareholders. By vote of disinterested shareholders, the New Equity Incentive Plan of the Company was also approved. Shareholders also re - appointed UHY McGovern Hurley Cunningham LLP as auditors for the current fiscal year.

Mr Murphy is an experienced mining investment professional, having spent over 15 years at AMCI and the global investment group Macquarie. He has specialised in deploying capital in the raw materials and mining industries for his entire career and leads AMCI's battery metal initiatives. Mr Murphy has global experience and a proven pedigree in identifying and successfully executing value enhancing initiatives in the industry. He holds board positions for a number of AMCI companies and is non-executive director of ASX listed Jupiter Mines Limited (ASX:JMS), Juno Minerals Ltd (ASX:JNO) and Green Technology Metals Ltd (ASX:GT1).

Mr Murphy holds a Bachelor of Law and a Bachelor of Commerce from the University of Western Australia, Australia.

About Grid Metals Corp.

Grid Metals is primarily focused on both lithium and Ni-Cu-PGM in the Bird River area approximately 150 km northeast of Winnipeg Manitoba. In addition to activity at Donner Lake the Company has a PEA stage Ni-Cu-PGM-Co project (Makwa-Mayville) undergoing exploration and development activity.

On Behalf of the Board of Grid Metals Corp.

For more information about the Company please see the Company website at www.gridmetalscorp.com or contact:

Robin Dunbar - President, CEO & Director Telephone: 416-955-4773 Email: rd@gridmetalscorp.com
David Black - Investor Relations Email: info@gridmetalscorp.com

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements

SOURCE: Grid Metals Corp.

View source version on accesswire.com:
https://www.accesswire.com/731739/Grid-Metals-Board-of-Directors-Appointment

FAQ

Who is Patrick Murphy and what is his role at Grid Metals Corp?

Patrick Murphy is the newly appointed board member at Grid Metals Corp, bringing extensive experience as Managing Director at AMCI, focusing on battery metals.

What was approved at the Grid Metals Corp shareholder meeting on November 23, 2022?

The meeting approved the appointment of Patrick Murphy, confirmed the board size to four members, reappointed existing directors, and approved a new equity incentive plan.

How does Patrick Murphy's experience impact Grid Metals Corp?

Murphy's background in mining investments and battery metals is expected to enhance strategic decision-making and industry insights for Grid Metals.

What are the main projects Grid Metals Corp is focusing on?

Grid Metals Corp primarily focuses on lithium and Ni-Cu-PGM projects, including the Donner Lake area and the Makwa-Mayville project.