Grid Metals Welcomes Constantine Karayannopoulos to the Board of Directors

Rhea-AI Summary

Grid Metals announced the appointment of Constantine Karayannopoulos to their Board of Directors, replacing Edward Munden. Karayannopoulos has a successful track record, including leadership roles at Neo Material Technologies and Neo Lithium Corp., which were acquired for C$1.3 billion and C$960 million, respectively. He currently advises several companies in the rare earth and critical minerals industry and holds degrees in Chemical Engineering. Robin Dunbar, CEO, expressed confidence in Karayannopoulos' ability to advance Grid's critical mineral projects in Manitoba.

Positive

• Appointment of Constantine Karayannopoulos, a professional with a strong track record in the industry.
• Karayannopoulos' prior leadership roles in companies acquired for large sums (C$1.3 billion and C$960 million).
• His ongoing advisory roles in public companies within the rare earth and critical minerals sector.
• Potential to advance Grid's critical mineral projects in southeastern Manitoba.

Negative

• Replacement of Edward Munden, indicating potential instability or shifts in the board dynamics.

TORONTO, ON / ACCESSWIRE / June 6, 2024 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce 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 C$1.3 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 C$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's Department 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.

Robin Dunbar, President and CEO, commented, "We would like to welcome Constantine to the Board as we move forward with our critical mineral projects in southeastern Manitoba. We believe that Constantine will be a valuable addition to the Board as we look to rapidly advance the Donner lithium project through permitting and to outline the potential of the MM copper/nickel project. We would also like to thank Ted Munden for his many contributions to the Company over the years."

About Grid Metals Corp.

Grid Metals is focused on its lithium and copper/nickel projects in the Bird River area, approximately 150 km northeast of Winnipeg Manitoba. The Donner Lake lithium project is a 75% owned property subject to a joint venture agreement. The MM copper/nickel project is a resource-stage project that is undergoing exploration and development work in the Bird River greenstone belt.

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. Email: bsmith@gridmetalscorp.com
David Black - Investor Relations. Email: info@gridmetalscorp.com

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").

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 the original press release on accesswire.com

FAQ

Who was appointed to the Board of Directors of Grid Metals on June 6, 2024?

Constantine Karayannopoulos was appointed to the Board of Directors of Grid Metals on June 6, 2024.

What is the stock symbol of Grid Metals?

The stock symbol of Grid Metals is MSMGF.

Who did Constantine Karayannopoulos replace on the Grid Metals Board?

Constantine Karayannopoulos replaced Edward Munden on the Grid Metals Board.

What were the acquisition values of the companies where Constantine Karayannopoulos held leadership roles?

Neo Material Technologies was acquired for C$1.3 billion and Neo Lithium Corp. was acquired for C$960 million.

What projects is Grid Metals focusing on in southeastern Manitoba?

Grid Metals is focusing on the Donner lithium project and outlining the potential of the MM copper/nickel project in southeastern Manitoba.