Grit Metals Stock Price, News & Analysis

Grit Metals (EUEMF) announced a non-brokered private placement of up to 10,000,000 units at $0.10 per unit to raise up to $1,000,000. Each unit comprises one common share and one half of one warrant; each whole warrant will allow purchase of one share at $0.25 for two years from issue. Proceeds are expected to be used for working capital and general corporate purposes. The Offering is expected to close in December 2025, is subject to customary conditions including TSXV approval, may pay finder's fees, and securities will be restricted from resale for four months and one day.

Grit Metals (EUEMF) appointed Jake Clark as Vice President, Exploration, formed a three-member Technical Advisory Board (Keith Henderson, Dan MacNeil, Mike Basha), and granted stock options on December 4, 2025. The company agreed to issue 416,667 common shares at a deemed price of $0.12 to settle a $50,000 signing bonus (subject to TSXV approval and a four-month-and-one-day hold).

Grit granted 2,255,000 options exercisable at $0.14 for 10 years with staggered vesting. The technical team will define a follow-up exploration program targeted for Q1 2026 at the Finnish Pegmatite Project.

Grit Metals (EUEMF) announced a debt settlement with Vector Geological Solutions to settle CAD$75,000 of geological consulting fees by issuing 625,000 common shares at a deemed price of CAD$0.12 per share. The board said the settlement will preserve cash for working capital and strengthen the balance sheet. Issuance remains subject to TSX Venture Exchange approval and all shares will be subject to a four-month-plus-one-day hold period.

The company is focused on a Lithium-Cesium-Tantalum pegmatite project in central Finland near the Keliber complex.

Grit Metals (TSXV: FIN) has reported new high-grade lithium assay results from its Central Finland Lithium Project. The company highlighted a significant grab sample containing 5.60% Li2O at the Tarikko Prospect in the Koura Project. At Jylhä South-Southwest, multiple spodumene-bearing boulders were discovered, with samples assaying up to 2.46% Li2O.

The exploration program identified three new areas of spodumene-bearing pegmatite mineralization in the southern portion of the Jylhä license. At the Mörkylä Prospect, 15 large boulders containing visible spodumene were discovered over a 275-meter distance. The company's projects are located in the Kaustinen-Seinajoki region, known for LCT pegmatite deposits. Historical evidence suggests boulders are typically located within 300-500 meters of their source, indicating strong discovery potential.

Grit Metals (TSXV: FIN) has reported results from its inaugural gold exploration campaign in the Central Lapland Greenstone Belt (CLGB) of Northern Finland. The company collected 466 rock chip grab samples across its 41,000-hectare property, with 40 samples yielding between 0.1 to 2.84 g/t gold and copper values up to 1.67%.

The exploration focused on a 30 km corridor of faults and geological features, marking the first-ever gold exploration in this area. The mineralization typically consisted of quartz vein or quartz stockworks with variable amounts of pyrite-pyrrhotite-chalcopyrite-magnetite, showing a strong correlation between gold and copper content.

Grit Metals Corp. (TSXV: FIN) has reported high-grade lithium assay results from multiple new pegmatite targets at its Central Finland Lithium Project. The company identified several spodumene-bearing LCT-type pegmatite boulder clusters during summer 2024, with notable discoveries at Jylhä North (34 boulders averaging 0.86% Li2O) and Mörkylä (15 boulders averaging 0.54% Li2O). The company recently expanded its holdings to 15,770 hectares with five new exploration license applications. The discoveries are located near Keliber's licenses and known lithium deposits.

European Energy Metals Corp (TSXV: FIN) announces its name change to Grit Metals Corp, effective October 30, 2024. Trading under the new name will begin November 4, 2024, maintaining the symbol 'FIN'. The company focuses on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland, located within 1km of the Keliber mine complex. The project benefits from a €600 million investment by Sibanye-Stillwater and Finnish Minerals Group in the region. The company also owns precious metals projects in Northern Finland's Paleo-Proterozoic Greenstone Terrane, an area hosting world-class gold and base metal deposits.

European Energy Metals (TSXV: FIN) announces plans to amend the exercise price of 6,011,677 common share purchase warrants from $0.75 to $0.25. The warrants were issued through private placements completed between June and October 2023. If the company's shares exceed $0.3125 for ten consecutive trading days, the exercise period will reduce to 30 days. The repricing requires both TSX Venture Exchange approval and warrant holders' consent.

European Energy Metals Corp. (TSXV: FIN) has announced its intention to change its name to Grit Metals Corp, subject to TSX Venture Exchange approval. The company's stock symbol will remain unchanged, and there is no associated change in business operations. A new CUSIP and ISIN number will be assigned for the name change, with the effective date to be disclosed in a future announcement. Typically, shares begin trading under a new name two to three trading days after the company files the necessary documents. However, the board of directors retains the discretion to not implement the name change, even if regulatory approval is obtained.