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About Grid Metals Corp.
Grid Metals Corp. (OTCQB: MSMGF) is a Canadian mining exploration and development company strategically focused on critical minerals vital to the global energy transition and technology sectors. Operating in the geologically rich Bird River Greenstone Belt in southeastern Manitoba, Canada, Grid Metals manages an extensive portfolio of resource-stage and exploration-stage projects targeting lithium, nickel, copper, cobalt, cesium, and platinum group metals (PGMs).
Key Projects and Operations
Grid Metals' flagship projects include:
- Donner Lake Lithium Project: A 75%-owned lithium-focused property with advanced-stage exploration activities. The project benefits from proximity to the True North mill under a lease agreement, enabling potential spodumene concentrate production.
- Makwa Nickel Project: A nickel-dominant deposit with significant palladium, platinum, and copper credits. The project is subject to a joint venture agreement with Teck Resources Limited, which aims to explore high-grade magmatic sulfide deposits.
- Mayville Copper-Nickel Project: A copper-rich deposit with a resource-stage profile. The project is located adjacent to Donner Lake, providing synergies in infrastructure and permitting activities.
- Falcon West Lithium and Cesium Project: An exploration-stage property with high-grade cesium and lithium mineralization, offering significant upside potential for critical metals.
Grid Metals leverages its expertise in exploration and resource development to advance these projects while maintaining strong relationships with local communities, including the Sagkeeng First Nation, under exploration agreements.
Strategic Partnerships and Industry Position
Grid Metals has established strategic collaborations to accelerate project development and reduce operational risks. A notable partnership includes an option agreement with Teck Resources Limited to explore the Makwa Nickel Project, providing up to CAD$15.7 million in funding. Additionally, the company has signed a cesium supply agreement with Tantalum Mining Corporation of Canada Limited (Tanco), granting access to the only cesium processing facility in the western world.
Competitive Advantages
Grid Metals differentiates itself through:
- Diverse Portfolio: A focus on multiple critical minerals, including lithium, nickel, and cesium, positions the company to meet growing demand in energy storage, electric vehicles, and advanced technologies.
- Infrastructure Access: Proximity to existing infrastructure, including the True North mill and major transportation networks, enhances project economics and operational efficiency.
- Strategic Location: Operating in a Tier 1 mining jurisdiction with a stable regulatory environment and access to skilled labor.
- Technical Expertise: A team of experienced geologists and mining professionals ensures rigorous exploration and resource development practices.
Commitment to Critical Metals
Grid Metals plays a pivotal role in the supply chain for critical minerals, addressing the increasing demand for sustainable and domestically sourced materials. Its projects align with global trends in electrification, renewable energy, and decarbonization, making the company a key player in the transition to a low-carbon economy.
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.
Grid Metals Corp. has initiated a drilling program at its Bannockburn Nickel Sulphide Property in Ontario, targeting large tonnage nickel sulfide resources. The drill program will include 10 holes over 2,500 meters, aimed at assessing nickel grades and developing a metallurgical study. Previous drilling in the B Zone revealed a nickel content of 0.327% over 202 meters. Additionally, the company will soon release results from unreported holes at the East Bull Lake Palladium Project. The issuance of common shares for debt settlement is also planned, subject to TSX Venture Exchange approval.
Grid Metals Corp. has reported promising new drilling results from its East Bull Lake palladium project in Ontario, highlighting significant mineralization at the Central Parisien Lake target area. The company has initiated a metallurgical study to assess the potential for a palladium-rich sulfide concentrate from the area. Key findings include 77.0 metres of 0.81 g/t palladium equivalent in drill hole EBL21-04 and notable results from EBL21-05 and EBL21-06. The palladium zone now exceeds 1.7 kilometers in length, with drilling also set to begin at the Bannockburn nickel property.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) announced updates on its exploration activities at the East Bull Lake palladium property and the Bannockburn nickel property. Thirteen drill holes have been completed at East Bull Lake, with initial results expected soon. In Bannockburn, a contract has been signed for a 2,000-meter drilling program targeting the B Zone, anticipated to commence shortly. Previous metallurgical tests indicate a potential for a high-grade nickel concentrate. Exploration efforts are led by Dr. Dave Peck, with a focus on advancing the company's portfolio in North American jurisdictions.
Grid Metals Corp. has announced promising drilling results from its East Bull Lake palladium property in Ontario. The initial three holes from the winter 2021 program revealed significant palladium equivalent grades, with hole EBL21-01 yielding 54.0 metres at 1.05 g/t Pd Eq. Additionally, Dr. Reid Keays joins as a Senior Technical Advisor, enhancing the technical team. The company plans to conduct over 3,000 metres of drilling, focusing on a geophysical anomaly in the Central Parisien Lake area, with future exploration programs anticipated.
Grid Metals Corp. has announced its listing on the OTCQB Venture Market under the symbol MSMGF. The company focuses on exploration and development of nickel, palladium, and copper projects, with ongoing drilling at the East Bull Lake Palladium Property and exploration at the Bannockburn Nickel Project. Grid aims to meet the growing demand for metals used in pollution control and electric vehicle batteries. The OTCQB listing aligns with their commitment to transparency, providing investors with real-time quotes and market information.
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