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GRID METALS CORP (MSMGF) is a leading mineral exploration company focused on lithium and copper/nickel projects in southeastern Manitoba. The company's core business includes developing the Donner Lake Lithium Project and Falcon West Lithium Property. Ongoing drill programs are aimed at upgrading resources, extending mineralized zones, and completing economic assessments. GRID METALS CORP also engages in consultation with First Nations and government bodies to ensure responsible mining practices. With strategic partnerships and a strong focus on critical minerals, the company aims to become a key player in North America's mineral industry.
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Grid Metals Corp. announces positive drill results from the Donner Lake Lithium Project, with significant lithium grades intersected at depth below previous drill holes. The Company plans a fully-funded summer drill program to extend resources. The project is progressing towards a Preliminary Economic Assessment, with optimization studies underway. Grid Metals is also updating the mineral resource estimate for its Makwa Mayville Copper Nickel Project.
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Grid Metals Corp. provides a corporate update, highlighting its drill programs at Donner Lake and Falcon West Lithium Projects. The company aims to upgrade resources and define mineralization zones. Grid is actively pursuing an Advanced Exploration Permit at Donner Lake and applying for funding from the CMIF. Additionally, Grid issued common shares for project acquisition and will be presenting at the PDAC 2024 Convention.
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Grid Metals Corp to Attend PDAC Convention in Toronto from March 3 to March 6, 2024
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Grid Metals Corp announced the commencement of exploration drilling at its Falcon West Lithium Property, which hosts high-grade lithium and cesium mineralization in historical drill core. The initial target area covers 61,268 hectares and is located in a highly prospective geological region. The company aims to establish the orientation and continuity of several known lithium spodumene bearing pegmatites and increase the overall understanding of the pegmatite emplacement, fractionation, and zonation trends. The goal is to build a large lithium resource base to support long-term spodumene concentrate production for the North American lithium battery manufacturing sector.
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Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) closed a non-brokered private placement, raising $5,058,882 in two tranches. The Offering included 23,209,000 Special Flow-Through Shares and 1,151,143 Ordinary Flow-Through Shares. Proceeds will be used for resource drilling and exploration at the Donner Lake Lithium Project and Falcon West Lithium Property.
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Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) announces the closure of the first tranche of a non-brokered private placement, raising $4,177,620 through the issuance of 23,209,000 special flow-through common shares at $0.18 per share. The proceeds will be used for resource drilling at the Donner Lake Lithium Project and exploration at Donner Lake and the Falcon West Lithium Property. The financing was primarily purchased by two institutional shareholders, with a second tranche expected to be completed before year-end.
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Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) announces an amendment to its non-brokered financing, now including Ordinary Flow-Through Shares in addition to Special (Charity) Flow-Through Shares. The Offering will consist of a maximum of 30,000,000 common shares, priced at $0.14 per Ordinary Flow-Through Share and C$0.18 per Special Flow-Through Share, with aggregate proceeds of up to C$5,400,000. The financing will fund exploration of the Company's lithium properties in Manitoba, enabling investors to participate in the critical metals flow-through financing and benefit from tax credits.
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Grid Metals Corp. (GRDM) Announces Non-Brokered Private Placement to Raise Gross Proceeds of up to C$5,400,000 for Resource Drilling and Exploration at Donner Lake Lithium Project and Falcon West Lithium Property
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GRID METALS CORP to present at Red Cloud's 2023 Fall Mining Showcase
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Grid Metals Corp. has received a scoping-level mill reconfiguration study for the True North Mill, which examined the viability of processing lithium ore from Grid's Donner Lake property. The study outlined capital costs, operating costs, and mill capacity, giving Grid the confidence to move forward with the mill lease agreement. The initial capex for the mill reconfiguration is estimated at C$50 million, with a processing cost of C$34.81/t processed. Grid is targeting production of ~75,000 tpa of spodumene concentrate from True North.
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FAQ
What is the current stock price of GRID METALS (MSMGF)?
The current stock price of GRID METALS (MSMGF) is $0.027 as of December 23, 2024.
What is the market cap of GRID METALS (MSMGF)?
The market cap of GRID METALS (MSMGF) is approximately 5.2M.
What are GRID METALS CORP's core projects?
GRID METALS CORP is primarily focused on the Donner Lake Lithium Project and Falcon West Lithium Property in southeastern Manitoba.
What is the company's approach to mineral exploration?
GRID METALS CORP conducts ongoing drill programs to upgrade resources, extend mineralized zones, and complete economic assessments.
How does GRID METALS CORP engage with First Nations and government bodies?
GRID METALS CORP prioritizes consultation with First Nations and government bodies to ensure responsible mining practices and community engagement.
What is GRID METALS CORP's strategic focus?
GRID METALS CORP aims to establish strategic partnerships and become a key player in North America's mineral industry by focusing on critical minerals.
What sets GRID METALS CORP apart in the mineral exploration sector?
GRID METALS CORP stands out for its comprehensive approach to mineral exploration, responsible practices, and focus on critical minerals for sustainable development.
GRID METALS CORP
OTC:MSMGF
MSMGF Rankings
MSMGF Stock Data
5.17M
173.31M
15.05%
22.03%
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