Welcome to our dedicated page for Grid Metals news (Ticker: MSMGF), a resource for investors and traders seeking the latest updates and insights on Grid Metals stock.
Grid Metals Corp. reports mineral exploration developments for critical-metal projects in Manitoba. Company news centers on drill assays and technical updates from the 100%-owned Falcon West property, where the Lucy South lithium-cesium-tantalum pegmatite hosts pollucite-bearing cesium mineralization, spodumene-associated lithium, and related tantalum and rubidium values.
Recurring updates also cover project-level activity across Grid's Manitoba portfolio, including the Donner lithium-cesium property and the Thompson East copper-nickel project. News items include exploration results, mineral-target definition, material agreements, joint venture or option arrangements, and governance matters tied to the company's public mineral exploration business.
Grid Metals Corp (TSXV: GRDM) (OTCQB: MSMGF) is advancing its critical metals exploration initiatives in southeast Manitoba, with a focus on nickel and cesium projects. The company has established strategic partnerships with major industry players, including Teck Resources and the Tantalum Mining of Canada. Grid Metals is positioning itself in the energy transition metals sector, leveraging growing market interest and strategic industry support to advance its exploration activities.
Grid Metals Corp (OTCQB:MSMGF) has announced key corporate changes and project updates. The company appointed Arif Shivji as new CFO, bringing 27 years of financial experience. Grid has improved its working capital position to $900,000 by amending the Bisset gold facility lease agreement, reducing payments from $510,000 to $400,000.
The company completed 28 diamond drill holes totaling 827 meters at its Donner lithium-cesium property, funded by Tantalum Mining (Tanco). The drilling targeted the High-grade dyke, with a 2024 surface sample yielding 17.5% Cs2O. The dyke extends >100 meters vertically and 150 meters north of the main outcrop.
At the Falcon West project, previous drilling highlighted significant cesium intercepts, including 3.20 metres with 4.56% Cs2O and 8.37 metres with 4.12% Cs2O. The company plans to release an updated exploration plan for Falcon West and a new Lucy South cesium drilling program.
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) has signed a cesium supply agreement with Tanco, securing funding for cesium exploration at its Donner Property. The agreement includes an initial CAD$300,000 prepayment for drilling, with a potential follow-up of CAD$900,000 for project development if successful.
Tanco will have rights to purchase 10,000 tonnes of cesium-bearing material at US$1,500 per tonne (for material grading at least 5% Cs2O). The agreement provides Grid access to the only cesium processing plant in the Western world, located 35 km from the High Grade Dyke target. A recent surface grab sample from the dyke yielded 17.5% Cs2O.
The company also holds promising cesium results at its Falcon West property, including intersections of 3.3m at 10.3% Cs2O and 3.2m at 4.6% Cs2O.
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 has signed a definitive option and joint venture agreement with Teck Resources for the Makwa nickel project in Manitoba, Canada. The agreement grants Teck a two-stage option to acquire up to 70% interest by funding CAD$15.7 million in expenditures and making CAD$1.6 million in cash payments. The initial commitment includes a CAD$400,000 cash payment and CAD$450,000 in minimum expenditures.
The Makwa project features two past-producing nickel sulfide mines and a recent pit-constrained mineral resource estimate of 14.2 MMt at 0.75% Ni Eq grade, including a higher-grade core of 4.8 MMt at 1.26% Ni Eq grade. The project benefits from excellent infrastructure and is located 145 km from Winnipeg.
Grid Metals Corp. has announced positive results from its maiden drill program at the Eagle gabbro within the MM copper/nickel project in Manitoba. The program's initial six drill holes revealed significant copper-rich magmatic mineralization, with highlights including intersections of 44m at 0.93% CuEq and 25m at 1.47% CuEq. The mineralization was found in two areas 400m apart at the southern end of a 4km target trend.
The drilling defined a discrete zone of mineralization averaging 20-30 metres in width, remaining open along strike and at depth. An additional 12 holes have been completed with results pending. The company plans to commence drilling at the ACME target, located ~2km northwest of the current area.
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) announced the voting results from its Annual and Special Meeting held on October 28, 2024. Shareholders approved the election of five directors: Robin E Dunbar, Thomas W Meredith, Constantine Karayannopoulos, Patrick Murphy, and Grant McAdam. The meeting also saw the approval of the Equity Incentive Plan by a majority of disinterested shareholders and the appointment of UHY McGovern Hurley Cunningham LLP as auditors. The company will be sponsoring and attending the Central Canada Mineral Exploration Convention in Winnipeg on Nov. 4-5, 2024.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has initiated its maiden drill program at the Eagle gabbro within the MM copper/nickel project in southeastern Manitoba. The program focuses on the New Manitoba deposit area, which has seen exploration since the 1950s. Alongside drilling, the company will conduct ground IP and two deep penetrating, high-resolution airborne magnetic-EM surveys.
The Eagle gabbro is part of the >20 km long Mayville-Eagle complex, which hosts Grid's 32.0 Mt Mayville Cu-Ni (PGM) deposit. This new exploration area is outside the current resource and offers additional resource upside for the MM project. Grid is fully funded for the program, with initial assays expected by mid-November.
The drill program is based on 3D modeling of historical data, recent surface sampling, and geophysical surveys. Grid's CEO, Robin Dunbar, expressed optimism about outlining copper-dominant mineralization over the >4 km target trend being tested.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has announced results from its ongoing exploration program at the MM copper/nickel project in southeastern Manitoba. The company has confirmed surface copper/nickel mineralization over a ~4 km long target trend associated with the Eagle gabbro. Highlights include:
- Twelve bedrock grab samples returned copper grades of 0.5-1.3% with associated nickel, cobalt, and precious metal values.
- Mineralization is associated with a prominent magnetic anomaly.
- Drilling is expected to commence this Fall, fully funded.
- A large airborne magnetic-EM survey and ground IP orientation survey are planned.
- Initial drilling will focus on the New Manitoba deposit, acquired in 2023.
The Eagle gabbro is part of the >20 km long Mayville-Eagle complex, which hosts Grid's 32.0 Mt Mayville Cu-Ni (PGM) deposit. The company aims to apply modern exploration methods to discover new magmatic sulfide resources in this mineral-rich area.