Grid Metals Corp. Announces TSX-V Approval of Makwa Option and Joint Venture Agreement - Receipt of Cash and Participation at Vancouver Resource Investment Conference
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) has received TSX-V approval for its option and joint venture agreement with Teck Resources . The company has also received the CAD$400,000 minimum cash payment from Teck, which was due by January 31, 2025, as stipulated in the Agreement. This agreement pertains to funding the Makwa Nickel Project.
Additionally, Grid Metals will be participating at the Vancouver Resource Investment Conference (VRIC) on January 19-20, 2025, at Booth #622 in the Vancouver Convention Centre West. The conference will feature over 120 expert speakers, including economists, money managers, and investors.
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) ha ricevuto l'approvazione della TSX-V per il suo accordo di opzione e joint venture con Teck Resources. La società ha inoltre ricevuto il pagamento minimo in contanti di CAD$400.000 da Teck, previsto entro il 31 gennaio 2025, come stabilito nell'Accordo. Questo accordo riguarda il finanziamento del Makwa Nickel Project.
Inoltre, Grid Metals parteciperà al Vancouver Resource Investment Conference (VRIC) il 19-20 gennaio 2025, presso lo Stand #622 nel Vancouver Convention Centre West. La conferenza presenterà oltre 120 relatori esperti, tra cui economisti, gestori di fondi e investitori.
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) ha recibido la aprobación de TSX-V para su acuerdo de opción y joint venture con Teck Resources. La empresa también ha recibido el pago mínimo en efectivo de CAD$400,000 de Teck, que debía realizarse antes del 31 de enero de 2025, según lo estipulado en el Acuerdo. Este acuerdo se refiere a la financiación del Makwa Nickel Project.
Además, Grid Metals participará en la Vancouver Resource Investment Conference (VRIC) del 19 al 20 de enero de 2025, en el Stand #622 en el Vancouver Convention Centre West. La conferencia contará con más de 120 expertos oradores, incluidos economistas, gestores de fondos e inversores.
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF)는 Teck Resources와의 옵션 및 합작 투자 계약에 대해 TSX-V 승인을 받았습니다. 회사는 또한 계약에 명시된 바와 같이 2025년 1월 31일까지 지급해야 하는 CAD$400,000의 최소 현금 지급을 Teck로부터 받았습니다. 이 계약은 Makwa Nickel Project의 자금을 지원하는 것입니다.
또한, Grid Metals는 2025년 1월 19일부터 20일까지 밴쿠버 컨벤션 센터 웨스트의 부스 #622에서 열리는 Vancouver Resource Investment Conference (VRIC)에 참여할 예정입니다. 이 회의에는 경제학자, 자산 관리자 및 투자자를 포함하여 120명 이상의 전문가 연사가 참가할 예정입니다.
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) a reçu l'approbation de la TSX-V pour son accord d'option et de coentreprise avec Teck Resources. La société a également reçu le paiement minimum en espèces de 400 000 CAD de Teck, qui devait être effectué avant le 31 janvier 2025, comme stipulé dans l'Accord. Cet accord concerne le financement du Makwa Nickel Project.
De plus, Grid Metals participera à la Vancouver Resource Investment Conference (VRIC) les 19 et 20 janvier 2025, au stand #622 au Vancouver Convention Centre West. La conférence présentera plus de 120 experts intervenants, y compris des économistes, des gestionnaires de fonds et des investisseurs.
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) hat die Genehmigung der TSX-V für seine Options- und Joint-Venture-Vereinbarung mit Teck Resources erhalten. Das Unternehmen hat außerdem die in der Vereinbarung festgelegte Mindestbarzahlung von CAD$400.000 von Teck erhalten, die bis zum 31. Januar 2025 fällig war. Diese Vereinbarung betrifft die Finanzierung des Makwa Nickel Project.
Zusätzlich wird Grid Metals an der Vancouver Resource Investment Conference (VRIC) am 19. und 20. Januar 2025 am Stand #622 im Vancouver Convention Centre West teilnehmen. Die Konferenz wird über 120 Expertenreferenten umfassen, darunter Ökonomen, Fondsmanager und Investoren.
- Received TSX-V approval for option and joint venture agreement with Teck Resources
- Secured CAD$400,000 cash payment from Teck Resources
- None.
TORONTO, ON / ACCESS Newswire / January 17, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce TSX-V approval of its definitive option and joint venture agreement (the "Agreement") with Teck Resources Limited ("Teck"). Grid has also received the CAD
In addition, Grid would like to cordially invite you to visit us at Booth #622 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 - Monday January 20, 2025.
The Vancouver Resource Investment Conference 2025 will feature over 120 expert speakers, including globally respected economists, legendary money managers, and investors.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.
We look forward to seeing you there.
About the Vancouver Resource Investment Conference:
The Vancouver Resource Investment Conference has been the epicenter of junior mining investment in Canada for 25 years and attracts over 5000 mining investors annually. Previous years have been attended by former Prime Minister Stephan Harper and former President of Mexico Felipe Calderon.
The VRIC will include a marketplace of over 300 investment opportunities in the mining industry, spanning early-stage exploration to advanced producing mines.
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
About Grid Metals Corp.
Grid Metals is focused on exploration and development in southeastern Manitoba with three 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 Company is currently drilling at Mayville.The Donner Lithium Project is adjacent to the Mayville Property, and Grid owns
75% of the project.
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 ACCESS Newswire
FAQ
What is the value of the cash payment Grid Metals (MSMGF) received from Teck Resources in January 2025?
When did Grid Metals (MSMGF) receive TSX-V approval for the Teck Resources joint venture?
What project is covered under the Grid Metals (MSMGF) and Teck Resources agreement?
Where will Grid Metals (MSMGF) be exhibiting at the Vancouver Resource Investment Conference 2025?
