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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.
Grid Metals Corp. announced the closure of a $4,920,000 first tranche of a non-brokered private placement, part of an $8,520,000 offering. The first tranche includes 20 million charitable flow-through common shares at $0.21 each, raising $4,200,000, and 6 million ordinary common shares at $0.12 for $720,000. Proceeds will fund Canadian exploration expenses eligible for critical mineral tax credits. The final tranche is anticipated by September 23, 2022, pending regulatory approvals. All shares issued are subject to a four-month hold period.
Grid Metals Corp. (TSXV:GRDM) has announced a non-brokered private placement to issue up to 56 million shares, raising gross proceeds of up to C$8,520,000. Key investors include AMCI and Primero Group. The offering consists of ordinary common shares priced at C$0.12 and charitable flow-through shares at C$0.21. Funds will be allocated to advancing lithium and nickel-copper projects in Manitoba, including a planned airborne EM survey for high-potential mineral leases. Closing is expected around September 15, 2022, pending regulatory approvals.
Grid Metals Corp. has announced the successful completion of its Phase 1 drill program at the Donner Lake lithium property. The final three drilled holes revealed significant lithium grades, with GDL22-16 reporting 1.17% Li2O over 7.3 meters. The Northwest Dyke, traced for 600 meters, shows notable continuity and opens for further exploration. The company is moving forward with project development, including environmental assessments and metallurgical tests, while keeping investors updated on future drill plans for resource calculation.
Grid Metals Corp (OTCQB:MSMGF) announced promising results from its Phase 1 drill program at the Donner Lake lithium property in Manitoba. Highlights include:
- Drill hole GDL22-07: 8.2m at 1.53% Li2O
- Drill hole GDL22-11: 14.6m at 1.25% Li2O
- Drill hole GDL22-14: 3.26m at 1.88% Li2O
Additional valuable cesium and tantalum readings were also reported. The company has mobilized crews for further sampling of pegmatite dykes, indicating strong potential for further lithium discoveries.
Grid Metals Corp (OTCQB:MSMGF) has announced the sale of its 100% interest in the Bannockburn Nickel Property to Canada Nickel Company Inc. for 2 million common shares. This strategic move aims to streamline Grid's portfolio, allowing focus on core battery metals projects in Manitoba, including the Makwa Mayville and Donner Lake properties. The Bannockburn property has demonstrated potential with historical drilling indicating significant nickel mineralization. The transaction also positions Grid as a key shareholder in Canada Nickel, providing exposure to its exploration projects.
Grid Metals Corp. (OTCQB:MSMGF) has reported significant results from three additional drill holes in its Phase 1 program at the Donner Lake Lithium property in Manitoba. Highlights include:
- 10.3 meters at 1.0% Li2O in hole GDL22-04, with a section of 5.1 meters at 1.8% Li2O.
- 12.9 meters at 1.0% Li2O in hole GDL22-08, with sections of 1.8 meters at 1.8% Li2O and 3.0 meters at 1.6% Li2O.
- 9.6 meters at 0.8% Li2O in hole GDL22-09, including 2.9 meters at 1.5% Li2O.
The drill program has now traced the Northwest Dyke for ~600 meters, with results for eight holes pending.
Grid Metals Corp has announced promising results from its 2022 lithium exploration program at the Donner Lake property in Manitoba, a joint venture with Lithium Royalty Corp. Drill results reveal high-grade lithium intersections, including 4.1 meters averaging 1.62% Li2O and 5.9 meters averaging 1.48% Li2O across a 500-meter strike length. The company has completed five drill holes, with assays indicating a consistent lithium profile akin to neighboring pegmatite sources. Ongoing drilling aims to further define this valuable resource near Canada's only lithium-producing operation.
Grid Metals Corp. announced a successful drilling update on their Makwa Nickel Property, highlighting the discovery of nickel, copper, and cobalt sulfide mineralization beneath the historic Dumbarton Mine. The initial results from drill hole MK22-02 show substantial nickel grades, with intervals exceeding 1.5% nickel within a broader mineralized package. The ongoing drilling program targets significant geophysical anomalies with a strike length of 400 meters, indicating further resource potential. The exploration aligns with rising nickel prices and increased interest in nickel sulfide projects.
Grid Metals Corp. has released initial findings from its 2022 lithium exploration at the Donner Lake property in Manitoba, reporting positive results from 11 drill holes targeting the Northwest Dyke. All holes intersected spodumene-bearing pegmatites along a 600-meter strike length. Key results include drill hole GDL22-01 with 13.75 meters averaging 1.53% Li2O and GDL22-02 with 9.4 meters averaging 1.47% Li2O. The Northwest Dyke remains open for further exploration.
Grid Metals Corp. (OTCQB: MSMGF) announced final results from its 2021 drilling program at the Bannockburn Nickel Property in Ontario. The drilling focused on the B Zone, revealing widths and grades comparable to Canada Nickel's Crawford Deposit. Key results include hole GBN21-03, which intercepted 341.7 meters averaging 0.28% Ni. A mineralogical study is underway to assess recoverable nickel from the B Zone. The mineralization remains open in multiple directions, indicating potential for further exploration.
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