GRID METALS CORP - MSMGF STOCK NEWS

Grid Metals Corp. (OTCQB: MSMGF) announced promising results from metallurgical testwork on core samples from its East Bull Lake property. The tests demonstrated a concentrate grade of 102.5 g/t palladium with recoveries of 77.3% for palladium and 88.9% for copper. Additionally, initial assays revealed rhodium at concentrations of 0.05 to 0.22 g/t, suggesting potential for this valuable metal in future mining operations. The favorable results mark a significant milestone for Grid's palladium project and indicate strong economic potential.

Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has concluded its drilling program at Bannockburn Nickel, awaiting assay results from seven remaining drill holes. The exploration aims to identify a significant nickel resource along a 1 km trend. At the East Bull Lake Palladium Property, surface sampling is ongoing, targeting multiple drill areas, with initial results expected in early August. The company is also conducting metallurgical tests to assess recovery rates for various metals, crucial for evaluating the project's viability.

Grid Metals Corp. (OTCQB: MSMGF) has announced initial results from its spring 2021 drilling program at the Bannockburn Nickel Sulphide Property near Matachewan, Ontario. The drilling uncovered a 296.5-meter interval averaging 0.28% nickel, with a peak of 0.43% nickel over 1.5 meters. The exploration targets bulk tonnage disseminated nickel sulfide mineralization, with potential for over 200 kilotonnes of recoverable nickel. The results confirm previous findings and aim to develop a substantial nickel resource, critical for the electric vehicle supply chain.

Grid Metals Corp. (OTCQB:MSMGF) announced positive drilling results from its Q1 2021 program at the East Bull Lake palladium property in Ontario. The Central Parisien Lake Zone returned significant palladium-equivalent grades, including 14.0 metres of 1.2 g/t Pd Eq in hole EBL21-10. Additionally, two drill holes in the South Parisien target revealed near-surface palladium-rich mineralization. The company is advancing plans for further drilling to explore new targets, including a possible platinum-rich mineralization area. Results from the Bannockburn nickel property drilling are also anticipated soon.

Grid Metals Corp. (OTCQB:MSMGF) announces the closing of its second and final tranche of a private placement, raising a total of $3,500,000. This includes 2,054,545 units at C$0.22 each and 382,240 flow-through units at C$0.25 each. Net proceeds will fund exploration for the East Bull Lake Palladium property and general working capital. Finders fees totaled $37,590 cash and 167,618 warrants. An insider's participation in the offering was declared a related party transaction. The offering has received conditional approval from the TSXV and will advance key nickel and copper projects in Canada.

Grid Metals Corp. has successfully closed the initial tranche of a private placement, raising C$2,952,440. The offering includes the sale of 7,533,818 units at C$0.22 each and 5,180,000 flow-through units at C$0.25 each. Proceeds will support the exploration of its East Bull Lake Palladium property and general working capital. A second tranche is anticipated within a week. The company paid $190,880 in finders fees to Red Cloud Securities. Securities issued under this offering will have a restricted resale period.

Grid Metals Corp. (OTCQB: MSMGF) announces a non-brokered private placement aiming to raise up to C$3 million through the sale of non-flow-through and flow-through units. The offering price is C$0.22 per Unit and C$0.25 per FT Unit. Each Unit includes a common share and a warrant at C$0.33 for 24 months. Net proceeds will primarily support exploration of the East Bull Lake Palladium property. The company also received approval from TSX Venture for its equity incentive plan, allowing issuance of up to 3 million shares. The offering closes on or about May 26, 2021, subject to regulatory approvals.

Grid Metals Corp. (OTCQB:MSMGF) has announced significant drill results from its East Bull Lake palladium property in Ontario. Drill hole EBL21-09 intersected high-grade palladium mineralization, including a remarkable 1.2 oz/ton palladium. The results confirm a mineralized layer with potential for near-surface palladium-rich deposits. The Company plans to enhance exploration efforts, especially as palladium prices approach $3,000/oz. A webinar discussing these results will be held on May 5, 2021, at 4:05 pm EST.

Grid Metals Corp. (OTCQB:MSMGF) has entered a mineral exploration agreement with Sagkeeng First Nation in southeastern Manitoba. This agreement allows Grid to conduct exploration in Sagkeeng's traditional territory while ensuring proper consultation and accommodation of Sagkeeng's rights. Chief Derrick Henderson emphasized the importance of respectful industry relationships. The agreement facilitates community engagement and aims to ensure that Sagkeeng benefits economically from mineral exploration, respecting cultural and environmental concerns. The Makwa Mayville Project is included in this agreement.