Grid Metals Corp. Announces Commencement of Cesium Drilling at Donner and Participation at PDAC Convention
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has commenced its cesium drilling program at the High-Grade Dyke at the Donner lithium/cesium property in southeastern Manitoba. The company has received an initial prepayment advance of CAD$300,000 from Tanco as part of their cesium supply agreement announced on February 18, 2025, which will fund the ongoing drill program.
Additionally, Grid invites shareholders and stakeholders to visit their Booth #2122 at the Prospectors and Developers Association of Canada (PDAC) Convention, running from March 2-5, 2025 at the Metro Toronto Convention Centre. The PDAC is considered one of the world's premier resources conferences.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ha avviato il suo programma di perforazione per il cesio presso l'Alta Diga nella proprietà di litio/cesio Donner nel sud-est del Manitoba. L'azienda ha ricevuto un anticipo di pagamento iniziale di CAD$300,000 da Tanco come parte del loro accordo di fornitura di cesio annunciato il 18 febbraio 2025, che finanzierà il programma di perforazione in corso.
Inoltre, Grid invita azionisti e parti interessate a visitare il loro Stand #2122 alla Convention dell'Associazione dei Prospectors e Sviluppatori del Canada (PDAC), che si svolgerà dal 2 al 5 marzo 2025 presso il Metro Toronto Convention Centre. Il PDAC è considerato una delle conferenze sulle risorse più importanti al mondo.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ha comenzado su programa de perforación de cesio en la Alta Dique de la propiedad de litio/cesio Donner en el sureste de Manitoba. La empresa ha recibido un anticipo inicial de CAD$300,000 de Tanco como parte de su acuerdo de suministro de cesio anunciado el 18 de febrero de 2025, que financiará el programa de perforación en curso.
Además, Grid invita a accionistas y partes interesadas a visitar su Stand #2122 en la Convención de la Asociación de Prospectores y Desarrolladores de Canadá (PDAC), que se llevará a cabo del 2 al 5 de marzo de 2025 en el Metro Toronto Convention Centre. El PDAC se considera una de las principales conferencias de recursos del mundo.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF)는 매니토바 남동부에 위치한 돈너 리튬/세슘 자산의 고품질 다이크에서 세슘 시추 프로그램을 시작했습니다. 이 회사는 2025년 2월 18일에 발표된 세슘 공급 계약의 일환으로 Tanco로부터 CAD$300,000의 초기 선급금을 받았으며, 이는 진행 중인 시추 프로그램을 위한 자금으로 사용될 것입니다.
또한 Grid는 주주와 이해관계자들이 2025년 3월 2일부터 5일까지 메트로 토론토 컨벤션 센터에서 열리는 캐나다 탐사자 및 개발자 협회(PDAC) 컨벤션의 부스 #2122를 방문할 것을 초대합니다. PDAC는 세계에서 가장 저명한 자원 컨퍼런스 중 하나로 여겨집니다.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) a commencé son programme de forage pour le césium à la Haute Digue sur la propriété de lithium/césium Donner dans le sud-est du Manitoba. L'entreprise a reçu un avance de paiement initial de CAD$300,000 de Tanco dans le cadre de leur accord de fourniture de césium annoncé le 18 février 2025, qui financera le programme de forage en cours.
De plus, Grid invite les actionnaires et les parties prenantes à visiter leur Stand #2122 lors de la Convention de l'Association des Prospecteurs et Développeurs du Canada (PDAC), qui se déroulera du 2 au 5 mars 2025 au Metro Toronto Convention Centre. La PDAC est considérée comme l'une des principales conférences sur les ressources au monde.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) hat sein Cesium-Bohrprogramm an der Hochgrad-Dyke auf dem Donner Lithium/Cesium-Grundstück im Südosten von Manitoba gestartet. Das Unternehmen hat eine erste Vorauszahlung von CAD$300,000 von Tanco im Rahmen ihres am 18. Februar 2025 angekündigten Cesium-Liefervertrags erhalten, die das laufende Bohrprogramm finanzieren wird.
Zusätzlich lädt Grid Aktionäre und Interessengruppen ein, ihren Stand #2122 auf der Konferenz der Prospectors and Developers Association of Canada (PDAC) zu besuchen, die vom 2. bis 5. März 2025 im Metro Toronto Convention Centre stattfindet. Die PDAC gilt als eine der weltweit führenden Ressourcen-Konferenzen.
- Received CAD$300,000 prepayment from Tanco for cesium supply agreement
- Commenced cesium drilling program at Donner property
- Company has both lithium and cesium assets in Manitoba
- None.
TORONTO, ON / ACCESSWIRE / February 25, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce the start of the cesium drill program at the High-Grade Dyke at the Donner lithium/cesium property in southeastern Manitoba. Grid has also received the initial prepayment advance of CAD
In addition, Grid would like to cordially invite its shareholders and other stakeholders to visit us at Booth #2122 in the Investors Exchange Exhibition Room at the Prospectors and Developers Association of Canada (PDAC) Convention. PDAC, regarded as one of the world's premier resources conferences, will run from Sunday, March 2, 2025 until Wednesday, March 5, 2025 at the Metro Toronto Convention Centre in Ontario, Canada.
To register for the PDAC Convention visit here: https://pdac.ca/convention-2025/attending-2025/registration-2025
We look forward to seeing you there.
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
Brandon Smith - Chief Development Officer - bsmith@gridmetalscorp.com
David Black - Investor Relations Email: info@gridmetalscorp.com
Qualified Persons Statements
Dr. Dave Peck, P.Geo., the VP Exploration of Grid, is the Qualified Person for purposes of National Instrument 43-101 and has reviewed and approved the technical content of this release.
About Grid Metals Corp.
Grid Metals is focused on exploration and development in southeastern Manitoba with four key projects in the Bird River area.
The Makwa Property (Ni-Cu-PGM-Co), which is subject to an Option and Joint Venture Agreement with Teck Resources Limited ("Teck"). Teck can earn up to a
70% interest in Makwa by incurring a total of CAD$17.3 million , comprising project expenditures (CAD$15.7 million ) and cash payments or equity participation (CAD$1.6 million ) with Grid. Makwa is located on the south arm of the Bird River Greenstone Belt.The Mayville Property (Cu-Ni) is located on the north arm of the Bird River Greenstone Belt. Grid owns
100% of the Mayville Property subject to a minority interest.The Donner Property (Li-Cs) is adjacent to the Mayville Property, and Grid owns
75% of the project. Grid announced a cesium purchase agreement with Tanco on February 18, 2025.The Falcon West Property (Li-Cs) is located 110 km east of Winnipeg along the Trans-Canada highway and contains highly anomalous cesium values in a number of historical drill holes including 3.3 m at
10.3% Cs2O and 3.2 m at4.6% Cs2O.
All of the Company's southeastern Manitoba projects are located on the ancestral lands of the Sagkeeng First Nation with whom the Company maintains an Exploration Agreement.
We seek safe harbour. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements include the Company's closing of the proposed financial transactions, sale of royalty and property interests. the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward- looking statements to be materially different. 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 failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.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.
SOURCE: Grid Metals Corp.
View the original press release on accesswire.com
FAQ
What is the purpose of Grid Metals' drilling program at Donner property?
How much funding did Grid Metals (MSMGF) receive from Tanco for the cesium drilling?
When and where will Grid Metals be presenting at PDAC 2025?
What properties is Grid Metals (MSMGF) currently developing?
When did Grid Metals announce its cesium supply agreement with Tanco?
